Section 8(2)(d) in Maharashtra Public Universities Act, 2016
(d)development fund, or any other fund established by the university; for the purposes of,-(i)creation of posts in various cadres;(ii)granting pay, allowances and other benefits to the posts created through its own funds provided those posts are not held by such persons, who are holding the posts for which government contribution is received;(iii)starting any academic programmes on self-supporting basis;(iv)granting remunerations or incentives to its employees for performing any task assigned to them other than their regular duties and responsibilities;(v)incurring expenditure on any development work and on welfare activities of its students and employees: