The Finance Committee is a crucial statutory body responsible for planning, monitoring, and guiding the financial health of the institution. It ensures optimal utilization of resources by framing sound financial policies and recommending effective budgeting strategies. The committee comprises members from the governing council, the head of the institution, senior administrators, and financial experts, ensuring transparency and accountability in all financial matters.

The primary role of the committee is to examine and approve the institution’s annual budget proposals, recommend allocation of funds for various academic and infrastructural developments, and monitor expenditures in accordance with approved norms. It also evaluates financial requirements for research, innovations, and capacity-building initiatives, facilitating long-term financial sustainability.

The Finance Committee meets at least once in a year to review financial statements, scrutinize fund utilization, and advise on mobilization of additional resources through grants, funding agencies, and industry collaborations. Its recommendations are submitted to the Governing Council for final approval, making it an essential pillar in the institution’s governance framework.