Institutes of Eminence (IoE) is a recognition scheme for higher education institutes in India, set by the University Grants Commission in 2017. The plan encompasses twenty institutions, 12 of which have already been declared Institutes of Eminence as of April 2021. Recognised institutes are granted more autonomy, both administratively (e.g. setting fees) and academically, are allowed to open offshore campuses, and will enjoy better collaboration opportunities with global universities. Public institutions are granted up to ₹1,000 crore (equivalent to ₹12 billion or US$160 million in 2019); no funding is awarded to private institutions.