Unlike the existing system where only trusts could establish technical institutions, corporate sector will now be allowed to start AICTE-approved courses if they set up separate companies as non-profit entities under section 25 of the Companies Act.
Doing away with voluntary tuition fee waiver scheme of AICTE for 10% students, the new norm makes it mandatory for each and every institute to keep 5% seats for the economically backward sections. Considering the land crunch, it has been decided that there will be only two classifications
