Provided that the power to raise any such loan shall be exercised after obtaining previous permission of the State Government.

Object of the University The object of the University shall be to disseminate, create and preserve knowledge of Indian System of Medicine and other disciplines as per NEP and understanding by teaching, research, extension of education and service and by effective demonstration, in general and in particular the object shall be-

1. (1) to carry out its responsibility of new inventions, preservation and dissemination of knowledge of Indian System of Medicine and to achieve the aims and objectives of NEP, AYUSH and Health policies;
2. (2) to extend the benefits of knowledge and skills for developing total health of individuals and society by associating the University closely with local and regional health problems;
3. (3) to facilitate research and specialization in the field of AYUSH;
4. (4) to promote acquisition of knowledge in a rapidly developing and changing society and to continuously offer opportunities of upgrading discovery in all fields of AYUSH with use of modern communication, media and technologies;
5. (5) to build up financial self-sufficiency by undertaking academic and allied programmes and resource generative services in a cost effective manner;
6. (6) to serve as an academic centre of excellence for all students and academicians from different parts of the country and outside of the country; and
7. (7) to do all such acts and things whether incidental to the powers aforesaid or not, as may be required in order to further the objects of the University.