Procedure for Release of Grants
The first instalment of the grant shall comprise 100% of the Non - Recurring and 50% of the total Recurring grant approved by the Committee for the total duration of the project. The grant will be released to the Principal of the College. On receipt of Annual Progress Report, statement of expenditure and utilisation certificate of 1st instalment of grant, 40% of the total recurring grant will be released as second instalment. Remaining 10% will be released on receipt following documents as final reimbursement:
- Copy of the final report of project along with soft copy.
- A consolidated item-wise detailed statement of expenditure incurred during the complete project period in the prescribed proforma duly signed and sealed by the Principal Investigator
- A consolidated Audited Utilisation Certificate for the amount actually utilized towards the project duly signed and sealed by Chartered Accountant, Principal as well as the Principal Investigator in the prescribed pro forma.
- The unutilized grant if any may be refunded immediately through cash to the Principal, SXC. It is mandatory to post the executive summary of the report, research documents, monographs, academic papers published under Minor Research Project on the website of the College.
The Principal Investigators are expected to settle the accounts immediately upon completion of the project. In case the balance grant, if any, is not claimed within six months from the date of completion of the project, the same will lapse and no representation will be entertained in this regard.