The following are various types of degree-granting Institutions in India:- Central Universities u2013 These Universities are established by the Act of Parliament and are funded by the Central Government. Institutions of National Importance u2013 These Institutions are established/declared by the Act of Parliament (IITs, NITs, IIMs, IISERs, etc.) State Universities u2013 These Universities are established by the Act of the State Legislature concerned and are funded by the State Government. Private Universities u2013 These Universities are established by the Act of the State Legislature concerned and are self-financing Institutions. Institutions Deemed to be Universities u2013 These Institutions are declared by the Notification of the Government of India, on the advice of UGC, under Section 3 of the UGC Act, 1956.