Nagpur: Nagpur University administration always complains about lack of funds, but an RTI query has revealed there is a huge jump in its deposits kept in nationalized banks. In the last four years, the deposits have increased by a whopping Rs 350 crore. Naturally, the interest being earned on them has also jumped by Rs 30 crore in the same period. The RTI query was filed by activist Abhay Kolarkar.

As per the reply by NU public information officer (PIO), NU had deposits of Rs 208.85 crore in 2012-13 which rose to Rs 556.35 crore by last financial year. The interest accrued on this amount was Rs 13.55 crore in 2012-13 which increased to Rs 43.85 crore in the last fiscal.

On the other hand, there has been a big drop in donations received by the university in the last three years years. In 2013-14, it had received Rs 28.50 lakh as donations from various quarters which came down to just Rs 5.50 lakh last year, a cause of concern for the university, according to Kolarkar.

NU however failed to answer the query on where the interest earned was spent. It informed that the amount was reinvested into deposits. NU also evaded query on whether the interest was spent on students and on what projects. It only informed the money was spent on student welfare activities.

# NU deposits in last 4 years:

Year -------------------------------- Deposits -------------------------------- Interest

2012-13-------------------------------- 205.85 -------------------------------- 13.55

2013-14--------------------------------378.78 -------------------------------- 11.46

2014-15--------------------------------475.25 -------------------------------- 35.86

2015-16--------------------------------556.35 -------------------------------- 43.85

(* Deposits & interest in Rs crore)

#Donations received by NU in last 4 yrs:

Year ---------------------------------- Donations (in Rs lakh)

2012-13-----------------------------------14

2013-14-----------------------------------28.50

2014-15----------------------------------- 11.75

2015-16-----------------------------------5.50

