The State Government may pay to the University such other grants, subject to such conditions as they think fit for specific purposes.

Budget i. The annual budget estimates along with the financial statements of the University for ensuing financial year shall be prepared by the Comptroller of Finance and presented to Finance Committee, under the direction of the Vice-Chancellor before such dates as may be prescribed by the Statutes, for approval; ii. The annual budget estimates and the Financial statement as approved by the Finance Committee, shall be presented to the Board for consideration; iii. The Board shall have no power to reject the Budget, but it can make suggestions and amendments to the Budget and return the same to the Finance Committee for consideration; iv. The Finance Committee may accept or reject the recommendation of the Board with justification; v.