MADURAI: The financial crisis of Madurai Kamaraj University (MKU) in Madurai has been once again taken to the attention of top level State government IAS officials who are looking after the higher education, finance department etc.
As on December 30th 2023, the bank balance of MKU is only Rs.76 lakhs whereas its monthly requirement as of today is Rs.12.6 crores per month for salary, pension, administrative expenses and other bills to be paid for regular maintenance of university, sources said.
This financial crisis situation was explained to the senior level officials of Tamil Nadu State Government in the last two days at meetings held in Chennai on December 27th and 28th 2023, where the MKU Vice-Chancellor Prof.Dr.J.Kumar and Registrar in-charge Prof.Ramakrishnan had briefed about the pathetic financial position of MKU.
According to sources in Chennai, the MKU bank account at SBI branch in Nagamalai Pudukottai here has only Rs.76 lakhs as on December 30th 2023. The university staff and pensioners have not received their November 2023 month salary yet, even as the new year 2024 is coming in. The December month salary is now coming.
“The daily expenses of MKU is there for us for which we struggle. In SBI Branch of our university, there is only Rs.76 lakhs. Our university authorities had given the complete picture of MKU about its financial position. The November 2023 month salary and pension is pending, now December adds to that. So, the immediate fund needed for us is Rs.24 crores because January has come. There is a positive indication from the State government and we were told that the MKU staff will have good news in the next three or four days because the government treasury is now closed due to holiday,” reliable sources in university told ‘Lotus Times’ media from Chennai and Madurai.
