Rashtriya Uchchatar Shiksha Abhiyan (RUSA) is a Centrally Sponsored Scheme (CSS), launched in 2013 aims at providing strategic funding to eligible state higher educational institutions. The central funding (in the ratio of 60:40 for general category States, 90:10 for special category states and 100% for union territories) would be norm based and outcome dependent.

RUSA focuses on better quality of state higher education institutions. The aim is to achieve mass access to higher education with high quality standards. States must ensure that all their institutions adopt NAAC accreditation as the mandatory quality assurance framework, and simultaneously seek to upgrade the overall academic quality by implementing reforms. They will be encouraged to promote research and innovation in their institutions.

RUSA 2.0

RUSA 2.0 funding to Mahatma Gandhi University under Research, Innovation and Quality Improvement 44 Component 10 Entrepreneurship, Employability and Career Hub.

About Entrepreneurship, Employability and Career Hub

Entrepreneurship, Employability and Career Hub of Mahatma Gandhi University (which will be subsequently given a name for eg. MGU Innovation Hub) is conceived as a Section 8 – Company and to be registered as a Special Purpose Vehicle to facilitate fast track decision making and single window policy for effective interaction with global partners including Fortune 500 companies to achieve its goals. The aim is to create an innovation ecosystem to support innovative ideas to be transformed into commercial products beneficial to the society. The Section 8 company will establish incubators in various core areas which are a physical and/or virtual unit that extends various forms of support for Start-ups and engages in specified relationships with them on behalf of MGU and/or SECTION 8 COMPANY. In tune with the global trends in higher technological education, MGU likes to encourage entrepreneurship among the Faculty, Staff, Research Scholars, and Students. MGU will directly and actively support the incubation of “MGU Incubated Companies” by its Faculty / Staff / Researchers / Alumni/ Students.

Some of these companies may be founded based in part or in full on technologies/IP developed by the University, or jointly with it in collaborative mode. MGU may also provide incubation support to external Start-ups with which Faculty / Staff / Researchers / Scholars / Students are associated as consultants or mentors. The commercialization of advanced technologies developed at the University as a result of incubation will greatly benefit the Institution as well as society at large and will contribute to the economic resurgence of our country.