Common use of FINANCIAL SUPPORT Clause in Contracts

FINANCIAL SUPPORT. i) NITI Aayog shall provide financial support in the form of grant-in-aid of Rs. 20 lakh. Out of the grant amount of Rs. Twenty lakhs, Rs. Twelve lakhs (Rs. 10 lakhs for establishment of ATL, procurement of the equipment, instruments, kits, etc. and Rs. 2 lakhs towards meeting O&M expenses, organizing science fairs, carnivals, etc.) shall be disbursed to the schools in the first year itself. The remaining Rs. eight lakhs shall be disbursed to the School in equal installments over a period of next four years for O&M expenses.

FINANCIAL SUPPORT. i) NITI Aayog shall provide financial support in the form of grant-in-aid of Rs. 20 lakh. Out of the grant amount of Rs. Twenty lakhs, Rs. Twelve lakhs (Rs. 10 lakhs for establishment of ATL, procurement of the equipment, instruments, kits, etc. and Rs. 2 lakhs towards meeting O&M expenses, organizing science fairs, carnivals, etc.) shall be disbursed to the schools in the first year itself. The remaining Rs. eight lakhs shall be disbursed to the School in equal installments over a period of next four years for O&M expenses.

FINANCIAL SUPPORT. i) NITI Aayog shall provide financial support in the form of grant-in-aid of Rs. 20 lakh. Out of the grant amount of Rs. Twenty lakhs, Rs. Twelve lakhs (Rs. 10 lakhs for establishment of ATL, procurement of the equipment, instruments, kits, etc. and Rs. 2 lakhs towards meeting O&M expenses, organizing science fairs, carnivals, etc.) shall be disbursed to the schools in the first year itself. The remaining Rs. eight lakhs shall be disbursed to the School in equal installments over a period of next four years for O&M expenses.. Stamp & Sign