Chief minister Bhagwant Mann’s go to to the cash-strapped Punjabi college right here on Tuesday got here as a bummer with no financial support introduced for the establishment, a lot to the frustration of varsity authorities anticipating grant from the federal government to assist it sail by way of the monetary disaster.

The chief minister’s go to got here on a day when the varsity handed its 206 crore deficit annual price range for the following fiscal 12 months in a syndicate assembly.

Mann was right here to handle college students, school and college staff within the valedictory perform of three-day Punjabi cinema, tv and theater mega present.

“It was an appropriate day for CM Mann to announce special bailout package as his visit coincided with varsity syndicate meeting which passed the deficit budget of 206 crore,” mentioned a senior school member.

As per 2022-23 budgetary proposal, the college’s estimated expenditure is 548 crore, whereas its anticipated revenue is 342 crore, primarily from few collections and authorities grant.

The college was anticipating the newly-elected chief minister to make an announcement for disbursing the grant introduced by former CM Charanjit Singh Channi.

On November 24, Channi and former finance minister Manpreet Badal had introduced that the state authorities will clear the 150-crore debt of the varsity in a single go and double the annual grant from 120 crore to 240 crore.

Later, addressing the press convention, varsity vice-chancellor Professor Arvind mentioned the college handed over detailed presentation associated to the college’s monetary situation to the chief minister.

“We are hoping to get some funds from newly formed government. For this, the university will strongly put up its case,” he said.

Mann, addressing the gathering, ensured to make Punjabi University free from the massive debt so as to regain its pristine glory as a seat of higher learning in northern India.

“The government will make every effort to make university a debt free,” he mentioned.

Mann mentioned no pupil could be bereft of upper schooling as a result of paucity of funds.

“To impart world class education to our students is the top priority of the state government,” he mentioned.

He mentioned that every one the pending problems with academics could be resolved to their satisfaction quickly.

Mismanagement prevailed after media individuals had been disallowed entry contained in the venue. Police cordoned off the realm to limit motion of scribes.