KVASU Budget for 2014-15

Posted On : Jun 19 2014

BUDGET NOTE

This is the 4th budget of the University since its inception on 01.04.2011.
KVASU Act (Section 30 under chapter V) provides that the Finance Council shall prepare the Budget Estimates of the University and make recommendations thereon to the Management Council.The total revenue of the University for the current year (2014-15) for Rs. 152.60 crore was formulated assuming an income of Rs. 35 crore as Plan Grant, Rs. 53.65 Crore as Non Plan Grant, Rs. 27.25 crore as GOI Special Grant, Rs. 14.25 crore as NABARD - RIDF assistance, Rs. 7.03 crore from ICAR and other Agencies and Rs. 13.17 crore as domestic income.
The total expenditure of the University for the current year (2014-15) is proposed as Rs. 159.78 crores which was formulated assuming a Non-Plan expenditure of Rs. 75.70 crores, Plan expenditure Rs. 35 crores and other expenditure of Rs. 49.08 crores leaving a gap of Rs. 7.178 crores which is likely to be achieved from increase in production of farm products and utilizing other sources.
The externally aided schemes are being carried out in accordance with the funds released by the Funding Agencies.
The following are the thrust areas on which the Budget Estimates 2014-15 is based.
• Infrastructure Development utilising the EFC/RIDF assistance.

• Commencement of new and innovative academic programmes which include PG certificate course on Farm Journalism and PG Diploma in Office Management.

• University riding club and Pet animal wellness, health and inpatient care on Revolving Fund mode and establishment of Centre of Wild Life Studies at Pookode and M.S Programme in Wild Life Studies under the Centre aimed at tapping the tourism potential of Wayanad.

• Fully imbibing the spirit of the Act steps are on to invite affiliation to Colleges / Courses imparting education in Veterinary, Dairy Sciences & Technology.

• Utilisation of unutilised land of the University to plant medicinal plants in collaboration with Kottakkal Aryavaidyasala and NMPDB.

• Educational tie up with the University of Edinburgh with emphasis on wild life studies and other areas of Veterinary Education. Establishment of Integrated Rural poultry Production Centre at Thiruvazhamkunnu raising the status of the Department of Poultry Science as a Faculty, catering to the efforts of the State in attaining self sufficiency in Poultry Industry.

• Introduction of Integrated University Management System (IUMS) as a part of e-governance.
The revised total budget of the University for 2014-15 is projected at Rs. 159.78 crore and the functional outlay is as follows.
Sl. No. Details Amount
(Rs. in Crores) Percentage
1 Administration 14.38 9.00 %
2 Education 38.35 24.00 %
3 Research 38.35 24.00 %
4 Entrepreneurship 4.78 3.00 %
5 Infrastructure & Farm Development 60.72 38.00 %
6 Loan & Advance 3.20 2.00 %
Total 159.78 100.00 %

The University is grateful to the State Government, ICAR, GOI and other Funding Agencies for the munificent assistance offered to the University.

KVASU Budget estimate 2014-15

Finance Officer