PLANNING AND CONTROLLING STATE AND CENTRAL GOVERNMENT GRANTS IN SELECTED STATE UNIVERSITIES OF GUJARAT: A FINANCIAL MANAGEMENT PERSPECTIVE

Anandkumar B. Chauhan

doi:10.29121/shodhkosh.v5.i3.2024.5252

PLANNING AND CONTROLLING STATE AND CENTRAL GOVERNMENT GRANTS IN SELECTED STATE UNIVERSITIES OF GUJARAT: A FINANCIAL MANAGEMENT PERSPECTIVE

Authors

Mr. Anandkumar B. Chauhan Research Scholar, Department of Business Studies, Sardar Patel University, Vallabh Vidyanagar

DOI:

https://doi.org/10.29121/shodhkosh.v5.i3.2024.5252

Keywords:

Higher Education, State Government Grant, Central Government Grant, Financial Management

Abstract [English]

Higher education in Gujarat, India, has experienced significant growth driven by strategic government initiatives, robust infrastructure, and a focus on quality and innovation. This study examines the allocation and utilization of state and central government grants among selected state universities in Gujarat, highlighting the critical role of financial management in ensuring the effective use of these funds. Using secondary data from five prominent public universities over five years (2018–19 to 2022–23), the research employs ANOVA tests to identify significant differences in grant ratios relative to total income across universities. Results reveal statistically significant variations in both state and central government grant allocations, indicating non-uniform distribution among the institutions. The study underscores the importance of structured financial planning, robust monitoring, compliance mechanisms, and accountability frameworks to optimize fund utilization. Finally, the research proposes a strategic approach to planning and controlling government grants, emphasizing budget prioritization, real-time tracking, capacity building, transparency, and risk management, to enhance the sustainability and impact of higher education financing in Gujarat

References

Agarwal, V. K., & Singh, D. (2023). FUNDING OF CENTRAL UNIVERSITIES AND HIGHER EDUCATION SYSTEMS IN INDIA. International Journal for Research Trends and Innovation, 8(11), 79-83.

Borthakur, P., Nath, S., & Chakraborty, S. (2023). Higher Education Landscape in India: Government Expenditure and Its Implications on Growth and Access. Space and Culture, India, 12(1). DOI: https://doi.org/10.20896/saci.v12i1.1422

Chattopadhyay, S. (2020, January 11). Public Funding of Universities in pursuit of Efficiency, Equity and Excellence. Economic & Political Weekly, 2, 32-36.

Kumar, R., Kumar, S., & Kumar, R. (2020). Financial Sustainability in Higher Education. Journal of HIgher Education Policy and Management, 42(3), 247-263. https://doi.org/10.1080/1360080X.2020.1744211

Singh, V., Kumar, A., & Sharma, P. (2020). Revenue Diversification Strategies in Higher Education. Higher Education Quarterly, 74(2), 147-162. https://doi.org/10.1111/hequ.12234. DOI: https://doi.org/10.1111/hequ.12234

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Published

2024-03-31

How to Cite

Chauhan, A. B. (2024). PLANNING AND CONTROLLING STATE AND CENTRAL GOVERNMENT GRANTS IN SELECTED STATE UNIVERSITIES OF GUJARAT: A FINANCIAL MANAGEMENT PERSPECTIVE. ShodhKosh: Journal of Visual and Performing Arts, 5(3), 1658–1662. https://doi.org/10.29121/shodhkosh.v5.i3.2024.5252

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Issue

Vol. 5 No. 3 (2024): Volume 5 Issue 3 March - 2024

Section

Articles

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