Budget of the project

Budget is an important component of the project because Research Section will only allow expenditure from budget heads sanctioned by funding agency. Expenditure on any item not included in budget head will not be allowed. The budget should be prepared under broad sub-head as under as per requirement of the project:

1. Staff – designations, numbers, period of employment and salary
2. Contingency for recurring expenses
3. Travel
4. Supply & Material / consumables
5. Equipment (Non-recurring)
6. Overhead charges (Administrative Charges)
7. Any other provision as required in the project- Conferences, training, workshops

Note: The PI should clearly mention all items required for the project in the proposed budget.