Homoeopathic Fund

There shall be a fund raised for the Board and account shall be maintained by the Board by the following methods:- Grants and loans if any received from the State Government; All fees received by the Board on account of registration of Homoeopaths admission to the Board's examination and licensing of firms for sale of drugs under the Act; Contribution 'if any received from any local authority or any Homoeopathic Medical Association; and All sums received by or on behalf of the Board from sources other than those mentioned in the foregoing Clauses. The State Govt may at its discretion place a lump sum allotment at the disposal of the Board every year for distribution according to rules of the Homoeopathic Dispensaries and educational institutions in Nagaland and other suitable purposes connected with the aims and objects of the Act. The Board shall administer, subject to conditions, any fund placed at its disposal by the State Govt for specific purposes. The fund for the Board shall be deposited in a bank with the previous sanction of the State government.