- 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
- the said equipment stores are exclusively required for the
project in hand, and
- 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
- 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.