Chandigarh, Sep 24 (Inditop.com) The Punjab government has exempted Adarsh (model) schools, coming up under the public-private partnership (PPP) model in the state, from various taxes.
“This decision was taken at a meeting headed by Chief Minister Parkash Singh Badal,” a government spokesperson said here Thursday.
The draft agreement and the lease deed between the government and the private partners were also finalised in the meeting of the Punjab Education Development Board (PEDB), the official said.
PEDB has finalised five private partners and approved 15 sites for setting up these modern and well-equipped schools in the state.
Adarsh schools would impart free education from pre-nursery to 12th class. Presently, there are nine Adarsh schools in the state.
As per the agreement, if the private partner fails to run the school according to the set terms and conditions, the board would take over its control.
Similarly, if the government fails to discharge its obligations, the private management could take over the school, with a condition to charge fees on 75 percent students and impart free education to the rest.
For each school, PEDB is providing 10-15 acres for 99 years lease, which could be renewed with mutual consent of both parties. The operational cost of the school would be shared on 70:30 basis between the board and the private partner.
The capital cost for the construction of school building would be around Rs.4-5 crore, and it would be shared on 50:50 basis.
“We have suggested that students’ strength should be increased from 1,000 to 1,200 in Adarsh schools,” Punjab Deputy Chief Minister Sukhbir Singh Badal said here Thursday.
