Amendment status not verified — confirm the current text below against the official source.
Grants and Financial Assistance.- (1) The University may be financed by the State and Central Government. (2) Subject to availability of funds on release of Government of India share of 60 percent such grant will be released and the State Government may contribute 40 percent of its share allotted for Component-1 of RUSA 2.0 to support existing teaching and non-teaching posts through salary grants in the aided courses in accordance with the requirements of RUSA Scheme of the Ministry of Human Resource Development. No State Government grant in aid shall be granted to any post of the University establishment. (3) The University shall be entitled to receive grants under RUSA from Ministry of Human Resource Development and the State Government and from any other body or corporation owned or controlled by the State or Centre or from private organizations, companies, institutions, etc and through philanthropy of otherwise; (4) The service conditions and salary, pension, gratuity and other grants received in respect of the aided staff, both teaching and non-teaching of St. Joseph`s Collage (Autonomous), Bengaluru, and Constituent Colleges of the University may be protected and continued to be provided by the State Government as a Constituent College. (5) The University may obtain or accept funds from funding agencies under various schemes of the Central Government and State Government or otherwise:- (a) For Research and Development and other activities; or (b) For any Specific research or programs receiving support from the Government: Provided that, the University may receive financial support from any other legal source.