(1)The University shall strive to be self-reliant and financially sustainable by adopting the best practices of Central Universities/ State Universities/ Deemed to be Universities/ Private Universities/ Institute of National Importance.

(2)The State Government may issue directives for promotion of financial sustainability of the Universities.

(3)The University shall: -

(a)maintain fiscal discipline and ensure that any deficit financing (deficit financing means the State Government shall provide the grants to the University only for the differential amount between the estimated expenses and estimated revenue) aligns with the financial policies of the State Government;

(b)develop long-term financial strategies to reduce recurring deficits;

(c)prepare the financial sustainability plan and conduct the Sustainability Audit by an independent agency expertise in conducting such audit;

(d)submit the compliance report of the financial sustainability plan along with the Sustainability Audit Report as approved by the Syndicate;

(e)collaborate with private entities for infrastructure development and revenue generation;

(f)strive for income from sponsored research projects, patents, and consultancy services;

(g)seek Corporate Social Responsibility (CSR) Funds from Industries, Corporate Houses, MSME’s and other similar organisations;

(h)maintain transparency in financial reporting through periodic audits and public disclosures;,

(i)ensure that deficit financing does not exceed a predefined percentage of the University’s annual20, budget24 by the Statutes; as prescribed

(j)adopt cost-cutting measures and revenue-enhancing initiatives as proposed by the Finance and Accounts Committee and/or Financial Advisor; and

(k)adopt such other procedure as prescribed by the Statutes.