Mysore/Mysuru: The over a Century old University of Mysore (UoM), which is facing a cash crunch, presented a deficit budget (2026-27) of Rs. 53.76 crore yesterday.
The UoM Acting Finance Officer Prof. Manjunath presented the Budget at the special Academic Council meeting of the University at Crawford Hall here yesterday. The meeting was presided over by Vice-Chancellor Prof. N.K. Lokanath.
Revenue: Rs. 384.28 crore Expenditure: Rs. 438.04 crore
Presenting the Budget Prof. Manjunath said, “The University expects a revenue of Rs.384.28 crore (barring endowment funds), while the expenses is at Rs. 438.04 crore, resulting in a deficit budget of Rs. 53.76 crore. The University had sent a proposal to the Government seeking Rs. 171.45 crore towards pension of employees. Subsequently, the Government released Rs. 100 crore and the University faced a deficit of Rs. 71.45 crore on this account.”
Continuing, he said, “The State Government has sanctioned Rs. 222.48 crore as salaries for permanent employees and pension for retired staff. This apart, the University has expected the release of Rs. 10 crore funds for development and Rs.6 crore for facilities to be extended to SC/ST community students, resulting in a collective sanction of Rs. 238.57 crore from the Government.”
Pointing out that the University has estimated Rs.122.48 crore for payment of wages to permanent staff (Teaching-200 and Non-Teaching-400), Prof. Manjunath said that the payment will be credited directly from K-2 account through HRMS portal.
“Currently 1,864 pensioners/pensioner families are receiving monthly pension. The number of pensioners will touch 1,906 this year (2026-27), with 42 staff (18 Teaching and 24 Non-Teaching) set to retire in the current year. As such, the University sent a proposal to the Government for Rs. 171.45 crore and subsequently, the Government released Rs. 100 crore,” he noted.
Sources of Revenue
Explaining the sources of revenue, Prof. Manjunath said the University expects an income of Rs. 108.75 crore through admissions, registrations, affiliation of colleges, exam fees etc. Considering wage allowances, general administrative expenses and other anticipated non-plan expenditures, a budgetary allocation of Rs. 108.54 crore has been made, he pointed out.
No courses or departments closed
Prof. Lokanath clarified that no courses or departments in the University have been shut down. However, there has been a decline in admission to certain courses run by the University, he noted.
Yuvaraja College autonomous status withdrawn
“Following a request by the teaching staff of Yuvaraja’s College, the University has withdrawn the autonomous status granted to it. The University Grants Commission (UGC) had sanctioned Rs. 1.06 crore to Yuvaraja’s College in 2017 under the Centre of Excellence Plan. However, the College is yet to give accounts regarding utilisation of this money. This apart, no Audit of the College accounts has been done since 2020,” Prof. Lokanath said.
Pension money
Replying to a point raised by an Academic Council member, Prof. Lokanath admitted that there was less fiscal discipline in Mysore Varsity when compared to Bangalore University. Pointing out that in Bangalore University, a fixed amount is reserved for pensions every year, the VC said, however, this is not being done in Mysore University. The Government used to sanction money for pensions till 2019, he pointed out, lamenting that the Varsity failed in reserving money for pensions when it was financially stable several years ago.
Registrar (Evaluation) Prof. Nagaraj said there was a proposal for giving another chance to students who have not completed their BA, B.Sc and B.Com degrees between 2004 and 2019 and added that the University has decided to give a last chance for failed students to complete their degree courses.
Approval for various Endowment funds
The budget meeting highlighted the restriction on printing hard copies of marks cards. The meeting accorded approval for establishment of various new endowment funds for awarding medals and prizes for rank students in various subjects. The meeting also thanked the Government for release of Rs. 100 crore for pension.
University Registrar M.K. Savitha, Dr. B.R. Ambedkar Research and Extension Centre Director Prof. J. Somashekar and others were present.
This post was published on March 27, 2026 6:36 pm