Section 16 of SCTIMST Act : Section 16: Fund Of Institute

Explanation using Example

Imagine a situation where the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) in Trivandrum is planning to expand its research facilities. To fund this expansion, the Institute follows the provisions of Section 16 of its governing Act:

1. The Institute receives a grant from the Central Government and additional funding from the Government of Kerala, which are credited to the Institute's Fund as per Section 16(1)(a).
2. It also increases certain service fees, and the additional revenue generated is added to th...

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