What is the advantage of joining in AICTE approved Colleges?

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Hello,
if u join any AICET approved college,u r eligible for MHRD scholarship which is avalible for those who qualified GATE,GPAT,also some clgs prefere faculty from AICET approved clgs degree holders

What is the advantage for faculty to teach in aicte approved college? and what is approval process of faculty in aicte.