The Board shall, after consideration of the annual report, forward a copy thereof to the State Government.

Government Grants The State Government shall make the following lump sum grants to the University every year, namely:-

1. (i) a grant not less than the estimated expenditure of pay and allowances of the staff contingencies, supplies and services of the University for proper functioning of University;
2. (ii) a grant to meet the actual pensionary and all other retirement liabilities of the pensioners of the University; and
3. (iii) non-lapsable lump sum grant of an amount equal to the net outlay in the annual plan to the University in respect to schemes included in the Five Year Plans and transferred to it for implementation by the University.