PU BoF approved budget of Rs. 868.46 crore for FY 2025-26
The Panjab University (PU) Board of Finance (BoF) today approved budget of Rs. 868.46 crore for the year 2025-26 fiscal year. The budget estimate has envisaged expenditure of Rs. 868.46 crore and income of Rs. 383.69 crore.
City Air News
Oct 8, 2024 07:30
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Chandigarh, October 8, 2024: The Panjab University (PU) Board of Finance (BoF) today approved budget of Rs. 868.46 crore for the year 2025-26 fiscal year. The budget estimate has envisaged expenditure of Rs. 868.46 crore and income of Rs. 383.69 crore.
PU Vice Chancellor Prof Renu Vig presided over the BoF meeting, which was also attended by the Registrar Y.P.Verma, Financial Advisor, UGC, Nominee of Ministry of Education, Government of India, DCFA Sh. Sudeep Singh Jain, Nominee, Department of Higher Education and Languages, Government of Punjab Sh. Rakesh K. Sharma, Nominee of Finance Secretary, Chandigarh Administration DCLA Sh. Jasbir Singh, Under Secretary, Finance, Nominee, Department of Finance, Government of Punjab Sh. Jatinder Kumar, President PUTA Sh. Amarjeet Singh Naura, Finance & Development Officer Mr. Vikram Nayyar, Syndicate and Senate representatives and President PUNTEF Sh. Honey Thakur.
As per the budget estimates, PU is expecting to earn revenue of Rs. 383.69 crore during 2025-26, which is about Rs. 85.67 crore more than the fiscal year 2023-24. Out of this amount, Rs. 96 crore is expected through fees from partially self financed courses, Rs. 23 crore through CDOE (formerly USOL), Rs. 167 crore through exam fees, Rs. 26 crore from fees from University teaching departments, Rs. 36 crore from registration/certificate/CET fee etc, Rs. 12.80 crore from hostels, Rs. 5.10 crore from sports fees (PUSC) and Rs. 12.57 crore through other resources like interest, late admission fees, sale of admission forms.
An amount of Rs. 388.84 crore is to be received from UGC and Rs. 95.92 crore from Government of Punjab in 2025-26.
