UGC has selected four colleges including St Xavier's in Mumbai, Loyola in Chennai, St Joseph's in Bangalore and St Xavier's in Kolkata-for the College of Excellence Award.
The award consists of a grant of Rs. 2 crore to be spent over five years for specific purposes.
The UGC began conferring the Potential for Excellence Award on colleges about a decade ago. At least 200 of the 30,000 colleges across the country were selected for this award, which included generous funding for infrastructure and educational upgrade.
St Xavier's College in Mumbai had bagged the award in 2006, and received Rs 2.5 crore over eight years.