The NATIONAL ASSESSMENT AND ACCREDITATION COUNCIL (NAAC) conducts assessment and accreditation of Higher Educational Institutions (HEI) such as colleges, universities or other recognised institutions to derive an understanding of the ‘Quality Status’ of the institution. NAAC evaluates the institutions for its conformance to the standards of quality in terms of its performance related to the educational processes and outcomes, curriculum coverage, teaching-learning processes, faculty, research, infrastructure, learning resources, organisation, governance, financial well being and student services.
To promote the following core values among the HEIs of the country:
• Contributing to National Development
• Fostering Global Competencies among Students
• Inculcating a Value System among Students
• Promoting the Use of Technology
• Quest for Excellence
The NAAC functions through its General Council (GC) and Executive Committee (EC) comprising educational administrators, policy makers and senior academicians from a cross-section of Indian higher education system. The Chairperson of the UGC is the President of the GC of the NAAC, the Chairperson of the EC is an eminent academician nominated by the President of GC (NAAC). The Director is the academic and administrative head of NAAC and is the member-secretary of both the GC and the EC. In addition to the statutory bodies that steer its policies and core staff to support its activities NAAC is advised by the advisory and consultative committees constituted from time to time.

IQAC
In pursuance of its Action Plan for performance evaluation, assessment & accreditation & quality up-gradation of institutions of higher education, NAAC proposes that every accredited institution should establish an Internal Quality Assurance Cell (IQAC) as a post-accreditation quality sustenance measure. Since quality enhancement is a continuous process, the IQAC will become a part of the institution’s system & work towards realisation of the goals of quality enhancement & sustenance. The prime task of the IQAC is to develop a system for conscious, consistent & catalytic improvement in the overall performance of institutions. For this, during the post-accreditation period, it will channelize all efforts & measures of the institution towards promoting its holistic academic excellence.. In this regards, AIMBA has has formed Internal Quality Assurance Cell (IQAC) in the year 2017
Some of the functions expected of the IQAC are:
• Development and application of quality benchmarks/parameters for various academic and administrative activities of the institution
• Facilitating the creation of a learner-centric environment conducive to quality education and faculty maturation to adopt the required knowledge and technology for participatory teaching and learning process
• Arrangement for feedback response from students, parents and other stakeholders on quality-related institutional processes
• Dissemination of information on various quality parameters of higher education
• Organization of inter and intra institutional workshops, seminars on quality related themes and promotion of quality circles
• Documentation of the various programmes/activities leading to quality improvement
• Acting as a nodal agency of the Institution for coordinating quality-related activities, including adoption and dissemination of best practices
• Development and maintenance of institutional database through MIS for the purpose of maintaining/enhancing the institutional quality
• Development of Quality Culture in the institution
• Preparation of the Annual Quality Assurance Report (AQAR) as per guidelines and parameters of NAAC, to be submitted to NAAC