1. TEQIP: CRS Financial/Accounting Guidelines
AICTE
16th July 2019

2. Heads of Expenditure Procurement of Goods Consumables/ Spare Travel
Contingencies
Miscellaneous

3. General Guidelines
The expenditure will be incurred as per the rules of TEQIP-III. For procurement purposes the World Bank guidelines will be followed.
Note that the funds provided for TEQIP activities (institute PLA) and CRS are different and non-exchangeable.
The expenditure incurred on TEQIP activities should not be booked under CRS and vice-versa.
The expenditure shall be committed on only those items which are specified in the proposal submitted by PI on AICTE web portal.

4. General Guidelines.. Contd.
Make approval process as easy as possible for grant approval on fast track basis, so that researcher doesn’t lose time in administrative matters.
Approval Process:
PI to submit hard copy of his/ her proposal to TEQIP office for records
Initiation/ submission of proposal to Principal (through TEQIP Coordinator) by PI.
Confirmation by TEQIP Coordinator (after due verification) that the item of expenditure is as per the proposal and budget is available.
Competent authority (Principal) approves the Proposal
NPIU reserves the right to intervene in approval process in case of any bottleneck is observed/ reported
Expenditure shall be committed only when a proposal is initiated by Principal Investigator (PI) of CRS Project and is approved by competent authority.

5. Booking of Expenditure
Expenditure on CRS activities shall be booked through the account where funds are received (not under PFMS as is done for TEQIP activities).
CRS account shall be operated by following a normal procedure of the institute (like cheque, DD, RTGS, NEFT etc.) for operating this account.

6. Financial/Accounting Guidelines
The separate book of accounts/ tally etc. shall be maintained for expenditure under various activities of CRS as per finance manual for TEQIP-III.
Separate Audit will be done for the expenditure against these grants
Separate Audit Report shall be prepared.
The institute shall submit the Utilization Certificate (UC) annually (based on annual audit report) with the signature of auditor and competent authority.
The institute has to submit a provisional UC till date (under signature of PI and competent authority) at the time of submitting request for release of next instalment. The request for release of additional funds shall also have appropriate proofs justifying demand.
After termination/closure of the project/ scheme, the unspent balance if any shall be returned back to NPIU.

7. THANK YOU