The decision will benefit 7.58 lakh teachers and equivalent academic staff in the 106 Universities/Colleges which are funded by the UGC/MHRD and also 329 Universities which are funded by state governments and 12,912 government and private-aided colleges affiliated to state public universities, the government said in a statement.
The revised pay package will also cover teachers of 119 centrally funded technical institutions like IITs, IISc, IIMs, IISERs, IIITs, NITIE. etc.
The revised pay scales for the teaching staff will be applicable from January 1, 2016. The implementation of seventh pay commission benefits for the teaching staff will cost the Centre around Rs 9,800 crore.
The implementation of this pay revision will enhance the teachers' pay in the range of Rs. 10,400 and Rs. 49,800, the government said. This revision would register an entry pay growth in the range of 22-28 per cent.
For the state government funded institutions, the revised pay scales will require adoption by the respective state governments. The central government will bear the additional burden of the States on account of revision of pay scales.