All India Council for Technical Education (AICTE) has agreed to give financial assistance of Rs 10 crore as seed capital to the Tata Institute of Social Sciences (TISS) for setting up of a School of Vocational Education on its campus in Mumbai.

To this effect, the technical education regulator signed a memorandum of understanding with TISS in presence of Union Minister for Human Resource Development Minister Kapil Sibal here on Tuesday. The financial assistance will be disbursed over a period of three years.