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The University Grants Commission (UGC) of Bangladesh is a statutory body responsible for the coordination, determination and maintenance of standards of university education in Bangladesh. It was established in 1972 under the Presidential Order No. 10 of 1973.

The main function of the UGC is to provide funding to universities and colleges in Bangladesh. The Commission allocates government funds to universities and colleges, which are used for the development of infrastructure, research activities and other educational needs.

The UGC is also responsible for the recognition and accreditation of universities and colleges in Bangladesh. The Commission sets standards and guidelines for accreditation and evaluates institutions to ensure that they meet these standards. It also monitors the quality of education provided by these institutions.

In addition to its core functions, the UGC is also involved in promoting research and development activities in universities and colleges in Bangladesh. It provides funding for research projects and encourages collaboration among institutions to promote innovation and knowledge sharing.

To summarize the UGC plays an important role in coordinating and overseeing the higher education system in Bangladesh. Its work has helped to promote the development of high-quality educational institutions and has contributed to the growth and advancement of higher education in the country.