New Generation Innovation Network
The scheme aims to create an ecosystem that promotes innovation in educational institutions. Through this scheme, financial assistance is provided to host institutes and student teams for running incubators and for student projects.
About This Scheme
Benefits
₹10.0 L · one-time
1. The host institute will be provided a one-time grant of ₹10 lakhs to set up the required infrastructure for the implementation of the scheme and also provide the following expenses:
> Operational Expenses:
₹5.0 L · annual
Each Educational Institute will get funding of ₹5 Lakhs per year to be used towards operating expenditure for maintenance.
₹5.0 L · annual
Operational Expenses Grant of ₹5 lakhs per annum (released in phases of ₹2.5 lakhs at a time) shall be operated like a revolving fund i.e. upon submission of audited utilization the next installment could be claimed
> Project Fund:
₹1.0 L
Each Project/team will get a maximum funding of ₹1.00 lakh and the college will take up a maximum of 5 projects in a year. Each project/idea selected by the host institute shall have to be approved by the State Level Committee.
Required Documents
- ✦Details of the Principal of the Institute
- ✦List/Details of Management Committee Members of the institute
- ✦Documents in support of Infrastructure details
- ✦List/Details of Faculty
- ✦List/details of Research Activities in the institute
- ✦Any other document, as required
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹10.0 L
