Starting an MBA College in Rural India: What Are the Essential Steps and Requirements?

Hi friends,

My aim is to start an MBA college in rural India. For that, what are the basic requirements and documentation needed? Please share your feelings and ideas with me.

Thank you.
Thirupathikk

It will need permission from the government, a huge infrastructure, heavy equipment (e.g., computer, projector, etc.), and most importantly, good faculty. That's all from my side.

There are a lot of infrastructure-related issues that need to be carefully examined before making an effort to make this idea a reality. One problem that the institute is likely to face is that guest faculty may be reluctant to visit a rural campus. Similarly, people from the corporate world may not prefer to go to a rural area to deliver guest lectures. These two issues can be overcome if the IT infrastructure is very good and there is a good broadband connectivity that may be used to ensure that students get virtual access to the best faculty. Infrastructure is likely to be a problem in rural areas. One has to ensure that there is an uninterrupted supply of electricity on the campus.

Initially, it will be a challenge to persuade companies to visit a campus in a rural area. This can be overcome as the institute builds its brand over 5 - 6 years. However, until that time, the institute must have people with good connections in the business world who may ensure that students get access to the best openings. In short, the idea is full of challenges, but in another 2 - 3 decades, the business will have to move towards rural areas.

Make an academic year calendar. Chalk out the number of available teaching days per month. Calculate an estimated cost budget for tuition. Add capital, fixed, and running costs to it. You might be able to get a suitable budget for it. In case you want to offer full-time and regular degree/diploma, you should have an NOC from the state government/state university and AICTE. If you plan to start with a distance mode degree, then there is no need for AICTE approval. Just take accreditation from any university offering such courses and start off with a vision! Frustration will be there in the initial years, but if you do it aesthetically, you will be a sure-shot guru. Let me know in case you need help. [Login to view]