Frequently Asked Questions (FAQs):

Q: What is “Endowment Fund”?

A: “Endowment Fund” is a fund that is created to collect donations, contributions, grants and gifts etc.

Q: How does it work?

A: An endowment fund is an investment fund set up by an institution in which principal amount is kept intact and only the income generated by it is utilized for various purposes; such as:

a. Research Activities

b. Scholarships

Q: Is it approved from any university’ body /forum?

A: Yes, The university’s apex body i.e. Board of Governors (BoG) has approved the Endowment fund. The BoG, further approved the contribution of Rs. 1,000/- and USD 10/- from students w.e.f. spring-16, onward.

Q: Is it refundable?

A: The contribution towards endowment fund is non-refundable.

Q: Would Endowment fund contributions only be collected from students?

A: The contributions towards endowment fund will be made by the University, its students, alumni and other donors.

Q: How much amount will each student contribute towards endowment fund?

A: The contributions will be made by the students once, as follows:

a. For Local Students: Rs. 1,000/-

b. For Overseas Students: USD 10/-

Q: When will the endowment fund take effect?

A: The contribution to that fund shall be applicable w.e.f. Spring -2016 to all existing and newly admitted students.

Q: Is it mandatory?

A: Yes, it is mandatory.

Q: Is it applicable to all students?

A: It is applicable to all students of degree programs only.

Q: Will I need to contribute in endowment fund every month, every semester or every year?

A: No, you will have to contribute once, only.