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The University Grants Commission (UGC) is a statutory body established by the Indian government to promote and coordinate higher education in the country. It was set up in 1956 with the aim of maintaining the standards of education in universities and colleges. The UGC formulates various policies and guidelines to ensure quality education and provides grants to institutions for their development. It also conducts the UGC NET exam to assess the eligibility of candidates for the teaching and research positions in higher education institutions.