PBI Varsity Patiala Seeking Loans

Patiala hosts so many esteemed universities of Punjab. It is a city offering very high hope for education. The Punjab University is indebted with high loans and is now finding it hard to shake them off. Thus, they are looking for various measures, but all in vain. The crisis of the situation is so profound that the institute is not able to pay off even the salary of employees. The charges of amenities are simply out of the question.

The burden of heavy debts

Statistics help us see that the university had to borrow loans summing to an amount of Rupees 8 crore for continuing with the pension plan of different employees. It has now started exploring option for new loans for minimizing the debts.

Thus this Patiala based institute is suffering a phase of heavy economic crisis. The employees are bent on the delay in release of grants from the state government.

The problem has grown worse. AS Chawala, the honorable registrar of the university has mentioned slim chances of salaries being paid in near future. Also AS Chawala said that the university can generate all the unpaid fees of certain students from various other sources.

Little hope for the university

The university in Patiala will get funds from the government in recent times. However, university faculty members believe otherwise. They have only little hope for any salary payment in recent times. The employees are hence eagerly waiting for the forthcoming months.

The faculty is lacking motivation to continue and criticism against the university authorities is on the rise. The government is facing multitudes of blame for the financial crisis.

The state government has come up with some resolutions to facilitate quality higher education and ensure welfare of the faculty members. However, the efforts of the government seem to be inefficient and government’s jurisdiction in Patiala seems to be at their back foot.