The Indian School of Mines was formally opened on December 9, 1926, by Lord Irwin, the then Viceroy of India to address the need for trained manpower related to mining activities in mining and applied geology. In 1967 it was granted the status of a deemed to be university under Section 3 of UGC Act, 1956.
Government to set up IT-based student scholarship scheme:
The Indian government will create an information technology-based scheme to provide financial aid and scholarships for students
Finance Minister Arun Jaitley said during his the Union Budget 2015 that the sheme would help students from poorer families’ access higher education without worrying about cost.
“No student will miss out on higher education for lack of funds,” said Jaitley in his budget speech. He did not announce how the scheme would be financed.
Source: The Economic Times