Speaking to reporters, Sibal said, "The process of granting the status is underway."
Sibal was speaking during his visit to participate in the convocation of the Kashi Hindu Vishwavidyalaya or BHU.
He said only 12.4 per cent students passing intermediate, were getting admissions in graduation courses.
Sibal further said, "To increase the percentage, the government had to attract private and global players to invest in education sector for increasing the number of universities and colleges for higher education."
"The government is planning to create a mechanism to check the quality of education and infrastructure in private centers of higher education," he said.