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Equipment



  1. Project will be sanctioned only to universities, institutions where basic infrastructure in the form of equipment/ personnel for the work exist. A grant for the purchase of special equipment/stores will be made only if

    1. the said equipment stores are exclusively required for the project in hand, and
    2. the university/institution concerned will not normally provide them for their departmental work. The necessity for such equipment should be clearly indicated while submitting the proposal. The cost of maintenance of these equipments would be met by LSRB till the completion of the project. However the budget estimate for this purpose should be reflected in the project proposal. Thereafter, the maintenance would be the responsibility of the grantee institution/the agency to which the equipment is transferred.

    For smooth and expeditious execution of the project, arrangements can however be made for the use by the investigators of such specialized equipment as are available in the various R&D establishments to the extent possible.

  2. The university, college or the institution concerned will be responsible for careful custody and maintenance of the equipment purchased out of the grant. Equipment should be purchased in accordance with rules of the institution. Proper stock of accounts should be maintained for the equipment purchased. The equipment should be stamped LSRB Project No. All equipments purchased should be serially numbered. An inventory of equipment and stores purchased out of the grant should be sent to the Secretary, LSRB in format given in Annexure VI and Annexure VIA, alongwith the periodical reports in 10 copies. The inventory should give the description of the equipment (whether expendable or non expendable), its cost in rupees, date of purchase and the name of the supplier. The stock registers maintained by the institution/universities for the purpose should be shown to the auditors for applying the necessary check with reference to the grant received. The auditors should be requested to issue a certificate that necessary check has been made and the inventory is found to be in order. The inventory and the requisite certificate from the auditor should be furnished alongwith the audited accounts. The equipment/surplus stores will be the property of LSRB who will be responsible for its future transfer/disposal after the termination of the project. The Board at the written request of the grantee institution may agree to out-right transfer of some or all equipment of the inventory to the Institution concerned based on the recommendations of the concerned panel. The Secretary, on behalf of the Board, may agree to such outright transfers up to a ceiling of Rs. 10 lakhs. SA to RM may approve transfer of equipment beyond this amount.
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