Parliament passes IIM (Amendment) Bill, 2025 to set up India's 22nd IIM in Guwahati
The Rajya Sabha passed the Indian Institutes of Management (Amendment) Bill, 2025 on 20 August 2025, a day after the Lok Sabha, clearing the way for India's 22nd IIM at Guwahati, Assam, with an outlay of ₹555 crore.
Summary
Parliament completed passage of the Indian Institutes of Management (Amendment) Bill, 2025 on 20 August 2025, when the Rajya Sabha passed it by voice vote a day after the Lok Sabha cleared it on 19 August. The Bill amends the Indian Institutes of Management Act, 2017 to establish an IIM at Guwahati, Assam, as an institution of national importance, which will be the country's 22nd IIM. The institute is to get a corpus fund of ₹555 crore for five years (2025–26 to 2029–30). Its establishment is one of the projects under the Special Development Package for Assam agreed in the Memorandum of Settlement signed by the Government of India, the Assam government and ULFA. Education Minister Dharmendra Pradhan said admissions would begin from the current academic year, and Prime Minister Narendra Modi congratulated the people of Assam.
Key facts
- Lok Sabha
- Passed 19 Aug 2025
- Rajya Sabha
- Passed 20 Aug 2025 (voice vote)
- Amends
- Indian Institutes of Management Act, 2017
- New institute
- IIM Guwahati, Assam – 22nd IIM
- Funding
- ₹555 crore corpus over 5 years (2025–26 to 2029–30)
- Background
- Special Development Package under Memorandum of Settlement with ULFA
- Admissions
- From current academic year (Education Minister)
Practice MCQs 4 questions
The IIM to be set up at Guwahati under the IIM (Amendment) Bill, 2025 passed by Parliament in August 2025 will be India's which IIM?
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Correct answer: C — 22nd
Education Minister Dharmendra Pradhan said the 22nd IIM in the country will be set up in Guwahati.
What corpus fund will IIM Guwahati receive for five years (2025–26 to 2029–30) under the IIM (Amendment) Bill, 2025?
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Correct answer: A — ₹555 crore
The Bill's financial memorandum provides a corpus fund of ₹555 crore for IIM Guwahati for five years, 2025–26 to 2029–30.
The establishment of IIM Guwahati is one of the projects under a Special Development Package for Assam agreed in a Memorandum of Settlement signed by the Government of India, the Assam government and which group?
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Correct answer: D — United Liberation Front of Asom (ULFA)
The Bill's statement of objects says the Government of India, the State Government of Assam and representatives of ULFA signed a Memorandum of Settlement, under whose Special Development Package an IIM at Guwahati is one of the projects.
Consider the following statements about the Indian Institutes of Management (Amendment) Bill, 2025: 1. It was passed by the Lok Sabha on 19 August and by the Rajya Sabha on 20 August 2025. 2. It amends the Indian Institutes of Management Act, 2017. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both statements are correct: the Lok Sabha passed the Bill on 19 August and the Rajya Sabha on 20 August 2025, and the Bill amends the Indian Institutes of Management Act, 2017.