The senate and syndicate of Guru Nanak Dev University approved the budget estimates of Rs 299.68 crore for 2014-15 with the opening surplus balance of Rs 63. 80 crore. GNDU authorities said no financial burden would be imposed on students.
Vice-chancellor AS Brar said GNDU would receive a maintenance grant of Rs 35. 54 crore from the Punjab government.
"The remaining amount of Rs 160.11 crore would be raised from grants, fees and university's own sources. A total income of Rs 195.66 crore has been estimated for the financial year 2014-15," said Brar.
GNDU would try to meet the deficit of Rs 40.20 crore by ensuring control on its expenditure, he added, adding that out of the total budget of Rs 299.68 crore, 55.19 per cent would be spent on teaching, applied teaching, research and improvement of education.
"A total of 11.86 per cent would be spent on non-teaching departments, which includes hostels, publication, estate, construction, NSS, landscape, guest house, public relations and health centre. About 12.07 per cent has been allocated for general administration and 5.24 per cent for conducting examinations," Brar said.
There would be a provision of 12.97 per cent for general provision for teaching and non-teaching, including retirement benefits, vehicle, printing, legal expenses, PABX, advertisements, insurance and modernisation of departments and 2.67 per cent for construction of buildings.
"During the financial year 2013-14, GNDU spent Rs 2.81 crore on economically backward and intelligent students. Rs 22 lakh was also extended as help to the disabled students in the form of scholarships," the VC added.
Special scholarships and facilities in terms of finance were also provided to sports personnel and student-artists to encourage them to participate in cultural and sports activities. Brar said the claim of Rs 2.85 crore has also been submitted to Punjab government to provide scholarship to the students belonging to backward classes.
He said the university would provide financial support to students for attending conferences and seminars and conducting lectures by subject experts. He said the education department had become functional from the academic session 2013-14.
"The department of commerce and business management would also be bifurcated into commerce and university business school so that students could get quality education and research in their chosen field," the VC maintained. Two new courses- mechanical and civil engineering- would be started at regional campus, Sathiala of the university to benefit the rural students of the region, he said. "The fourth building of the girls' hostel too has been completed and handed over to university," Brar said.
Conducting exams - 5.24%
Building construction - 2.67%