A meeting of the Cabinet presided by Prime Minister Narendra Modi gave its approval for operationalisation of these IITs initially by forming of Societies under the Societies Registration Act, 1860 in order to give them legal status till the amendment for their incorporation in The Institutes of Technology Act, 1961 is enacted. At present, there are 16 IITs in the country.
    
Each new IIT will have an initial intake of 180 students in its first year which would increase to 450 in the second year and to 928 (840 Undergraduates, 80 Postgraduates and 8 PhDs) in the third year of their operation, an official statement here said.
    
The total cost for running these IITs is Rs 1,411.80 crore and will be incurred between 2015-16 and 2018-19, it added.
    
The new IITs will be operated from their temporary campuses for the initial period of three years before shifting to their permanent campuses in the 4th year. Each IIT will have a sanctioned strength of faculty members, with a faculty-student ratio of 1:10.
    
The statement also added that the six new IITs will be registered as Societies as the Institutes of Technology Act, 1961, contains no provision to enable establishment of new IITs.

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