(I) The University shall waive tuition fees of poor and economically Backward Classes students to the lane of at least five percent.
PARL 11 THE KOLKATA GAZETTE. EIXTRAORDINARY. JANU: Y4.201') 5
(2) The State Government may under sub-rule (1) recommend to the University for waiver of tuition fees.
considering the social need of the State under the principle of corporate social responsibility.
(3) The State Government on satisfaction of necessary documents regarding income of parents or guardians may recommend to the University for allowing free-ship.
(4) In allowing the free-ship scheme, the State Government may consider the market demands Of the subject and cost to be incurred in pursuing a specific coarse.
13. Maintenance/ Utilization of Endowment Fu
(1) There shall be established an Endowment Fund by the University as provided under the Act.
(2) 'Hie endowment fund shall be established and executed in Form-A appended to the Schedule to these rules and the instrument is to be properly stamped and registered before the appropriate Registering authority.
(3) A certified copy of the registered instrument executing Endowment fund shall be submitted to the State Government soon after its registration.
(4) The State Government may, from time to time, collect the status of the fund from the bank in which the fund is kept invested, and the executor of the fund shall furnish a bank guarantee to this effect.
(5) The Annual report of the University shall consist a statement to the effect along with details that the Endowment Funds is regularly administered.