Palamuru University as a state run University is supported by the Annual Block Grant released by the State Government for its maintenance and development. Being a University recognised under section 12(B), UGC also extends development assistance for select schemes under the given plan period on the basis of assessment of proposals submitted by it.
The University still in its infancy, has been confronted with budgetary deficits. The developmental support for UGC has been meagre.
Against this backdrop, Palamuru Universityseeks to pay attention to resource augmentation in its quest for promotion of excellence.
The policy of the University is to pursue the case for increased budgetary allocation from State Government and seek increased development support from UGC by formulating viable proposals for infrastructural development and research promotion.
The University has been following innovative means of resource mobilisation and optimum utilisation of available resourcesto improve its financial position.
It has focused on revenue generation from internal sources. In this connection mention needs to be:
The revision of affiliation fee & examination fee,economymeasures in infrastructure maintenance & conduct of examinations and
Rationalisation of expenditure.
The self-financecourses introduced to meet the emerging requirementsare being run in a viable manner. These help sustain the University amid the current scenario of the dwindling grants.
The University has been successful in inducing the local philanthropists to instituteendowments for the academic advancement. The two endowments created at Palamuru University to perpetuate the memory of Suravaram Pratap Reddy&RajaBahadur Venkatrami Reddy have been making significant contribution in this regard.
The University could impress upon the college managements, well-meaning citizens and other significant stake holders to institute Gold Medalsto toppers for awarding at the time of convocation, these munificent contributions have further strengthenedthe bonds of the Universitywith its local community.
The University is in the process of seeking contribution from alumni and Palamuru NRIsfor creation of academic facilities and strengthening of student amenities.
The University is encouraging teachers to tie-up withindustry & research institutes and take-up research projects from different funding agencies. Emphasises is also laid on consultancy projects to promote external cashflow in the University system.