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4w ago

Parliament Clears Bill Establishing IIM Guwahati as India’s 22nd IIM

The measure ties the new institute to Assam’s peace-and-development package and commits ₹555 crore over five years as operations begin from temporary arrangements.

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Union education minister Dharmendra Pradhan introduced the Bill in Lok Sabha amid uproar by the Opposition over the issue of Special Intensive Revision (SIR) of electoral rolls in Bihar. (Sansad TV)

Overview

  • Rajya Sabha passed the Indian Institutes of Management (Amendment) Bill, 2025 on August 20 by voice vote, a day after Lok Sabha approval, sending it for Presidential assent.
  • Union education minister Dharmendra Pradhan said IIM Guwahati will admit students in the current academic session, with faculty appointments and classes to start from temporary facilities.
  • The Bill provides a ₹555 crore corpus for 2025–30 from the Consolidated Fund of India, after which the institute is expected to become self-sustaining.
  • Until the first Board is constituted under the IIM Act, the Centre will appoint persons to exercise the Board’s powers; state leaders have said IIM Ahmedabad will mentor academic activities.
  • IIM Guwahati is designated an institution of national importance, becoming the second IIM in the Northeast, and is listed under a Special Development Package linked to a Centre–Assam–ULFA settlement.