ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The University Grants Commission (UGC) provides financial assistance to eligible colleges which are included under Section 2(f)* and declared fit to receive central assistance (UGC grant) under Section 12 (B)** of UGC Act, 1956 as per approved pattern of assistance under various schemes.

Detailed explanation-2: -In 1952, the Union Government decided that all cases pertaining to the allocation of grants-in-aid from public funds to the Central Universities and other Universities and Institutions of higher learning might be referred to the University Grants Commission.

Detailed explanation-3: -The full form UGC is University Grants Commission. In connection with the UGC Act 1956, it is an activity of the Indian Union Government. Under the Ministry of Human Resources Development & affiliated with the ministry of higher education.

Detailed explanation-4: -Established in 1953, the University Grants Commission (UGC) of India comes under the Ministry of Human Resource Development (HRD) with its head office located in New Delhi. Students preparing for the IAS Exam or any other Government Exam should be aware of this topic.