The following are various types of degree granting Institutions in India:-
Central Universities:- These Universities are established by the Act of Parliament and are funded by the Central Government.
Institutions of National Importance :-These Institutions are established/declared by the Act of Parliament (IITs, NITs, IIMs, IISERs, etc.)
State Universities :- These Universities are established by the Act of the State Legislature concerned and are funded by the State Government.
Private Universities :- These Universities are established by the Act of the State Legislature concerned and are self-financing Institutions.
Institutions Deemed to be Universities :- These Institutions are declared by the Notification of the Government of India, on the advice of UGC, under Section 3 of the UGC Act, 1956.