<h1>Cabinet Approves Rs. 2727.10 Crore Funding for Nalanda University from 2010 to 2022; Aims to Benefit 2450 Students.</h1> The Cabinet Committee on Economic Affairs approved financial support of Rs. 2727.10 crore for Nalanda University from 2010-11 to 2021-22. This includes Rs. 1749.65 crore for capital costs and Rs. 977.45 crore for recurring expenses. The university, located on 455 acres provided by the Bihar government, has received international contributions and will generate revenue as it begins phased teaching. By 2021-22, it aims to benefit 2450 students. Established under the Nalanda University Act, 2010, the university is an international institution of national importance, supported by an inter-governmental agreement to enhance its global status.