Mr Javadekar said the pay hike cleared by the cabinet was in the range of 22 to 28 per cent, depending on the seniority of the faculty members. In money terms, teachers can expect their salary to go up by anything between Rs 10,000 to Rs 50,000.
The new salaries will be effective 1 January 2016, quite like the pay hikes central government employees had received on the recommendation of the Seventh Central Pay Commission.
The announcement will benefit the faculty at 43 central universities, 329 state universities, besides 12,912 government and private aided colleges affiliated to state universities.
The revised pay package will also be extended to teachers at 119 centrally-funded technical institutions such as Indian Institute of Technology (IIT), Indian Institute of Management (IIM), Indian Institute of Science (IISc), National Institute of Industrial Engineering (NITIE) and IIITs.
"We need to attract talent and give good salaries to our teaching staff and to retain them," Mr Javadekar told reporters after the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.
The minister said the faculty at central government's institutes and universities will get the benefit immediately but teachers at higher education institutions run by the states may have to wait a bit longer.
"For the State government funded institutions, the revised pay scales will require adoption by the respective State Governments," an official statement issued by the centre said.
The Central Government will, however, bear the additional burden of the states on account of revision of pay scales.