The Father of the Nation Bangabandhu Sheikh Mujibur Rahman recognized the importance of quality higher education towards building a knowledge-based economy in Bangladesh. The functions of UGC are allocation of funds to universities, facilitate the development of higher educational system in Bangladesh with main purpose of upgrading the qualities of teaching-learning at the tertiary level, encourage cutting-edge innovative research and development, and improve governance issues at the universities. Also, UGC is responsible for formulating higher education policy and quality assurance to meet the international standard and advise the Government accordingly.