Section 26
Grants by Central Government and State Governments.
The Indian Institutes of Information Technology (Public-private Partnership) Act, 2017
About this Act
An Act to declare certain Indian Institutes of Information Technology established under public-private partnership as institutions of national importance, with a view to develop new knowledge in information technology and to provide manpower of global standards for the information technology industry and to provide for certain other matters connected with such institutions or incidental thereto.
(1) For the purposes of enabling the
Institute to discharge their functions efficiently under this Act, the Central Government and the State
Government may, after due appropriation made by the Parliament and the concerned State Legislature, as
the case may be, by law in this behalf, pay to each Institute in every financial year such sums of money in
such manner as is required to fulfil their obligations under section 11.
(2) The Central Government and the concerned State Government shall provide to each Institute, grants of such sums of money as are required to meet the expenditure on scholarships or fellowships instituted by it, including scholarships or fellowships for students from socially and educationally backward classes of citizens enrolled in such Institute.
(2) The Central Government and the concerned State Government shall provide to each Institute, grants of such sums of money as are required to meet the expenditure on scholarships or fellowships instituted by it, including scholarships or fellowships for students from socially and educationally backward classes of citizens enrolled in such Institute.