The Managing Committee shall,-
(i) exercise the powers in due diligence manner for protecting the interests of the trust;
(ii) ensure timely collection of trust fund;
(iii) prepare the master plan/vision document for the activities of the trust;
(iv) assist in the preparation of the five years perspective plan, disaggregated into annual action plan for five years/annual budget of the trust alongwith the proposed schemes and projects;
(v) supervise and ensure the execution of five years perspective plan, annual action plan, approved schemes and projects;
(vi) accord sanction to the projects, release and disburse the trust fund for the purpose;
(vii) operate the trust fund in a diligent manner and to open an interest bearing PD account in the name of the trust and operate such account;
(viii) monitor the progress of utilization of trust funds;
(ix) place the audited accounts alongwith an annual report before the Governing Council for its approval within sixty days of closure of financial year;
(x) do all other things which are necessary for smooth functioning and management of the trust; and
(xi) lay down the procedure for the functioning of the trust.