and Colleges, provide access of education to all the section of the society equitably, especially for the under privileged and differently abled persons. I understand that UGC has also launched career oriented courses at the academic staff colleges. To meet the challenges in education and in global society, UGC has evolved a scheme of granting potential for excellence status to selected universities. It is good that UGC is creating four National Institutes of Science at Chennai, Pune, Allahabad and Bhubaneshwar for promoting excellence in Science Education in collaboration with CSIR, DBT, ISRO, DAE, DST, DRDO and Department of Oceanography. Generating the sustained interest in the scientific discipline, will need continuity in provision of employment. 
Employment Generation through entrepreneurship
There has been substantial growth in our higher educational system and we are generating over 3 million graduates every year. However our employment generation system is not in a position to absorb the graduates passing out from the universities leading to increase in educated unemployed, year after year. This situation will lead to instability in the social structure. We need higher education backed by employment opportunities. A multi-pronged strategy is needed to make education more attractive and simultaneously create employment potential - how do we do that? 
Firstly, the educational system should highlight the importance of entrepreneurship and prepare the students right from the college education to get oriented towards setting up of the enterprises which will provide them creativity, freedom and ability to generate wealth. Apart from entrepreneurship, the youth should have the spirit that "we can do it". Secondly, the banking system should provide venture capital right 

from every village level to the prospective entrepreneurs for undertaking new enterprises. Banks have to be proactive to support the innovative products for enabling wealth generation by young entrepreneurs by setting aside the "conventional tangible asset syndrome". Definitely this involves certain amount of calculated risks which can be eliminated by making an analysis of successful venture capital enterprises. Thirdly, there is a need to identify marketable products and enhancement of purchasing power among the people. This can come through the implementation of mega programmes such as PURA, Interlinking of Rivers, Infrastructural missions, Power missions and Tourism. Also genuine border trade can improve if we have a friendly border in all sectors. 
The universities should become a facilitator for creating this entrepreneurship scheme through the support of the banking system and the marketing system. This is one way of reducing the employment gap leading to upliftment of the 260 million people living below the poverty line. 

An empowered University
The SAC-C (Scientific Advisory Committee to the Cabinet) has given the recommendation: The demand of the country both in terms of the quality and quantity is so enormous that the government funding alone will not be adequate to take care of the needs of the higher S&T education. It is also recognized that the requirements of the trained manpower arise not only from within the country but also from abroad as a result of the globalization of manpower markets. 

Recently, I was talking to a Physics Professor from Princeton. I asked him, “what is the difference between an Indian University and Princeton University”? And he replied in a single word that 

"Freedom is the difference". Of course, this freedom comes out of national administrative vision. Nation has to graduate towards this. Science has no borders and integrates many fields. May be, this is what probably was followed in our Gurukuls and Nalanda University, which were never dependent on the support of the government or the kingdom. I started visualizing an ideal university in our country which can have an autonomous, totally free educational environment, which can meet the challenges of 21st century. An empowered Board of governors and an academic council is appointed for establishing and guiding the university. The board of governors should elect the Chancellor and Visitor from within or outside the board giving credence only to the academic excellence. It is made fully autonomous with a mandate to develop human resource of excellence for deployment towards societal transformation. 

Each student is assigned a computer connected to the Internet through wired or wireless connections. In order to make use of the integrated educational services any time, any where- be it in the class room or the hostel, he stays always connected. He is in direct touch with all the happenings on the subject and also in continuous communications with his/her teachers. Assignments are given, completed and submitted through e-learning system. His teachers do not provide him or her solution to any problem. They only trigger his or her imagination to think wider and find a solution for him or herself. They encourage him to take risks and think differently. Students are taught the art of learning rather than learning itself. In this 21st century, we are seeing the death of time and distance. It is immaterial where the information is located at any time, any one, any place. And we will be able to travel with the information, in fact all the information that you need in your