UGC on instructions of MHRD, with the objective to bring to bring transparency and propriety desires that all monetary transactions of the educational institutions may be done using digital modes of payment (viz online IMPS/BHIM/Debit Cards/AEPS) under the National Digital Payments Mission (NDPM) of MHRD.
UGC has also outlined services, which should be covered under the Digital Payment mode, which starts right from, all receipts and payments related to the functioning of the institutions vis. Student fees, exam fees, vendor payments, salary/wage payments etc. shall be made only through online or digital modes.
UGC also expects that for all students’ service in the hostel and otherwise digital mode should be used for all transactions. In fact, it also desires that Institute should encourage Canteens and business establishments on the campus to use only digital modes for their receipts and payments.
Universities have been asked to identify all transactions being carried out in cash currently and find ways for replacing them with digital modes. To make this a reality, UGC has asked the Institutions to prepare an Action Plan to identify all transactions being carried out in cash currently and find ways for replacing them with digital modes so that implementation can begin from the forthcoming academic year. The Institutions have been asked to appoint a Nodal officer so that the necessary action on the above activities can be initiated in a time bound manner.
UGC wants to keep track of the implementation on a monthly basis and has asked the Institutions to forward monthly report on the above to University Grants Commission for compilation and onward transmission to the MHRD.
Ravi Bhardwaj | EduLegaL