Mumbai University approves Rs 968.18 crore budget, calls it ‘student-centric’; outlay up 12%
Anu Parthiban | March 22, 2025 | 08:07 PM IST | 1 min read
The MU Budget 2025-26 has been increased by more than 12% for the financial year 2025-26. This year's budget has a deficit of Rs 147.63 crore.
NEW DELHI: The University of Mumbai has approved an “all-inclusive student-centric” budget of Rs 968.18 crore today in the general assembly, Mumbai, under the chairmanship of MU vice-chancellor Ravindra Kulkarni. Despite struggling with an increased deficit of Rs 147.63 crore, the university said it has prioritized “quality, inclusiveness, and excellence”.
As per the MU budget for the financial year 2025-26, a significant amount of Rs 135 crore has been allocated for various developmental activities such as setting up of hostel, staff quarters, and academic blocks construction.
It has also made provision of Rs 75 crore for academic and governance excellence initiatives, including strengthening research and innovation culture, internationalization of higher education and initiatives for global citizenship education, student support and advancement initiatives, alumni connect and university-industry collaboration initiatives.
This is the first MU budget meeting in two years held with all 10 elected senate members of the university. The Yuva Sena (UBT) stalled the meeting and staged a sit-in protest alleging that the budget had neither been presented nor approved in the management council meeting. However, the university claimed otherwise.
MU Budget 2025: Key highlights
Last year, the total budget outlay of the university was Rs 857 crore and the deficit stood at Rs 121.6 crore. The MU Budget has been increased by more than 12% for the financial year 2025-26.
- Rs 135 crore for various developmental activities including hostel, staff quarters and academic blocks construction.
- Rs 10 crore for teacher training, awards, rankings, e-content development, collaboration with other universities etc.
- Rs 15 crore to strengthen research, start-ups, lecture series and more.
- Rs 5 crore for student help desk, equal opportunity cell, single-window system etc.
- Rs 5 crore for industry and alumni linkages.
- Rs 5 crore for NEP implementation and internationalisation of higher education.
- Rs 35 crore for governance, quality, accessibility and excellence initiatives.
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Quick Watch
]Next Story
]Ashoka University Student Election 2025: Admin rejects Insha Husain’s NOC request; USF says ‘targeted attack’
Ashoka University Student Election 2025: The USF said that the “suspicious timeline” indicates that the “rejections were sent in an attempt to cover up the targeting of one student”.
Anu Parthiban | 1 min readFeatured News
]- No guidance, no time: TET exam prep leaves teachers scrambling to balance studies alongside full-time jobs
- ‘Weaken universities’: Bihar teachers on month-long protest against plan to bring colleges under govt control
- ‘Have seen 8 suicides’: Why hundreds of IIT Delhi B.Tech students are protesting over Rishikesh Kumar’s death
- ‘Cover-up, conflict of interest’: Visva Bharati prof files RTI, VBUFA says facts buried in disciplinary cases
- University of Southampton Delhi to launch 30 courses over next decade, expand to STEM, health, arts: Provost
- Maharashtra’s draft coaching regulation law based on Kota-like centres, will harm small classes: Association
- ‘Cancel admissions’: Jamia Millia students allege lower rank-holders given seats over toppers, protest
- MGR Medical University releases faculty data of 13,000 teaching staff after TN group’s transparency push
- ICAR DDG: ‘NEP rollout priority; multiple entry-exit option helps bring students back to BSc agriculture’
- Removing deprivation points from admissions will change JNU’s character, make it elitist: Professor