The plus-two wings were separated from Ravenshaw College in 1998-99 as per the recommendation of the National Education Policy 1986. Meanwhile, the need for a new status for Ravenshaw College was felt. The ‘Friends of Ravenshaw’ joined hands to form the Ravenshaw College Development Trust with the aim to “restore and reinvigorate the oldest and the leading educational institution of modern Orissa, namely Ravenshaw College, to its pre-eminent position symbolising the SPIRIT OF ORISSA” (Ravenshaw College Vision – 2010, 11 July 1994). After a decade-long effort, Ravenshaw College was elevated to the status of a full-fledged University on 15 November 2006.