Deemed University in Bihar

Deemed University in Bihar

Following is a List of Universities in Bihar. I am not sure that which University is deemed and which is government owned. Many of the following Universities in Bihar are Deemed Universities.

though it is a constitutent of the University.

1. Babasaheb Bhimrao Ambedkar Bihar University, Muzzafarpur
2. B N Mandal University, Madhepura
3. Birla Institute of Technology, Ranchi
4. Bihar Yoga Bharati, Munger
5. Indian School of Mines, Dhanbad
6. Jai Prakash University, Chapra
7. Kameshwar Singh Darbhanga Sankrit University, Darbhangha
8. L N Mithila University, Darbhanga
9. Magadh University, Bodh Gaya
10. Maulana Mazharul Haque Arabic & Persian University, Patna
11. Nalanda Open University, Patna
12. Patna University, Patna
13. Patna University Directorate of Distance Education (PUDDE), Patna
14. Rajendra Agricultural University, Samastipur
15. Tilka Manjhi Bhagalpur University, Bhagalpur
16. Veer Kunwar Singh University, Arrah

This shows that How Big the Indian Education Industry is. What I advise to you is that, Start your Business in the Education Industry. Start providing a good quality Education to people via Business and believe me, You will definitely become a success. After all the next era is of Quality Education.

If you start a Business in the Indian Education Industry today than I am sure that you will definitely make a fortune over the period of time. Because starting the Education Business in India means starting a Business in world’s largest Education Industry having a $ 100 Billion market size.

Related Articles:

01) My Journey To Billionaire Club: Deemed University Status

02) My Journey To Billionaire Club: Deemed Universities Derecognition Status India

03) My Journey To Billionaire Club: Indian Education Industry

04) My Journey To Billionaire Club: Kapil Sibal

05) My Journey To Billionaire Club: Kapil Sibal Education Reforms

06) My Journey To Billionaire Club: Kapil Sibal’s New Education Policy

Financial Planning For a Child’s Education

Financial Planning for a Child’s Education

Planning your child’s future is very important. And the Education is the most important expense for your child. Here are the few things that you should keep in mind before planning your child’s education fund.

- There are several Insurance products available in the market. But you should not go for any of them. This is because Insurance + Investment = Bad Combination. Rather than that, you should go for Mutual Fund Investing with separate life insurance policy.

- Simply Buy 4-star or 5-star rated mutual funds (According to Valueresearchonline.com) and start SIP rather than investing lump-sum  amount. Here are the 4 Step Simple Quick Guide for Planning your Child’s Financial Future.

01) Invest Early: This is very important. The compound interest is the greatest force in the universe. So if you start early than the compound interest will work more in favour of you to make you rich. And you will be able to build large corpus.

02) Choose Growth Option: Choose 4-star or 5-star rated mutual funds and always go for Growth option.

03) Go For SIP: Rather than Investing lump-sum amounts irregularly, it is advisable to invest small but regular amount of money.

04) Switch in Time: Just 3 years before your goal, You shift your fund from Equities to debt. This is because during last 3 years of your goal, your aim should be to protect the capital.

05) Never mix Insurance with Investment: Never go for Insurance products which offer your child’s financial future with investments.

THE COST OF EDUCATION IN FUTURE:

Always consider the inflation rate while planning your financial goals. Say for Example, if today the cost of sending a child to USA for Medicine degree is Rs.10 Lakhs than after 18 years it will become Rs.28 Lakhs or even more at the inflation rate of 6% per annum.

Summary -

Two things are very important for planning your child’s financial future.

01) Start Investing Early &

02) Inflation Rate Consideration.

If you can manage the above 2 factors than You are a Winner. Your Child can study in world’s Best Universities.

Education Loan Benefits

“I have just cleared my graduation. For my post graduation, I am planning to go for MBA and intent to take a loan for this education. Will I get any income-tax on the loan? Also, can my father avail of the deduction, in case he takes the loan?”

Many students have the same query. They want to know that, if their parents take this education than still it will have tax benefits? Well, Yes. If your parents take an educational loan on behalf of you than also it is tax deductible.

As per Section 80E of the Income-Tax Act, 1961, a deduction can be claimed in respect of interest paid on loan taken for the education of own self or a specified relative (spouse and children of that individual or the student for whom individual is the legal guardian) from any financial institution or approved charitable organization for all field of studies (including vocational studies) after passing the senior secondary education or its equivalent from specified