The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment and operationalization of an Indian Institute of Management (IIM) at Jammu in a transit/ temporary campus in the Old Government College of Engineering & Technology from the academic year 2016-17.

• The project will involve a cost of Rs.61.90 crore in the temporary campus, for the initial four years from 2016 to 2020. The student intake in the Post-Graduate Diploma Programme (PGDP) in Management this year is 54, which will progressively go up to cumulative student strength of 120 in the fourth year.
• Meanwhile, steps would also be taken to set up a campus in Jammu and an out-campus in the Kashmir region. The Detailed Project Report for the permanent campuses is under preparation and the process for setting up the campuses would start thereafter.
• The Cabinet also approved formation of an IIM Jammu Society under the Societies Registration Act, 1860. IIM Jammu will be run and managed by the Society with a Board of Governors (BOGs) to be constituted by the Government of India, which will administer the institute and would be responsible for establishment and operationalization of the institute.
• This is a part of the Prime Minister’s development package for Jammu & Kashmir. The institute, coupled with the opening of IIT in Jammu, modernization of NIT Srinagar and opening of two new AIIMS institutions, one each in the Kashmir and Jammu regions, would go a long way in meeting the requirement of high quality living and education in Jammu & Kashmir.
• At present, there are 19 IIMs. Of these, 13 IIMs are located in Ahmedabad, Bengaluru, Kolkata, Lucknow, Indore, Kozhikode, Shillong, Ranchi, Raipur, Rohtak, Kashipur, Trichy, and Udaipur. Another six IIMs, which were started in 2015, are located at Amritsar, Sirmaur, Nagpur, Bodhgaya, Sambalpur and Visakhapatnam.