Scheme of Development Assistance to Colleges for the Construction of Buildings

Financial Assistance | - The scheme provides financial assistance for the construction and renovation/extension (of existing buildings) of various types of buildings (e.g., classrooms, library, laboratories, administrative block, staff quarters, hostels). | - The University Grants Commission provides financial assistance on a 100% basis within the approved ceiling. | - Colleges may seek assistance up to 60% of the total grants allocated under General Development Assistance in a Plan period for the construction of buildings. | Disbursement | The release of the approved grant is staggered based on progress and documentation: | - 50% of the approved grant will be released while conveying the University Grants Commission’s approval to the Plan and Estimates. | - 40% of the approved grant will be released upon receipt of the audited Utilisation Certificate, audited Statement of Expenditure, and progress report of the first installment indicating the stage of construction (Annexure-IV & V). | - Remaining 10% of the grant will be released on receipt of the Completion documents (Annexure-IV, VI, VII, revised estimates, and photographs). | Conditions | - The College must ensure that the expenditure exceeding the UGC grant, if any, will be met by the College from its own resources. | - The construction must not be delayed for want of funds. | - The Project should be completed in a time-bound manner (in months). | - The construction must be executed in accordance with the plan accepted by the Commission.