Section 23 in The Techno India University, West Bengal, Act, 2012.
23. Permanent Endowment Fund and Security Fund of University.
(1)An Endowment Fund will be set up by the University through a fixed deposit of Rupees ten crore in a nationalized bank which will be kept as reserve fund for the development of the University.(2)A security fund will be pledged in the name of the Director of Public Instructions, on behalf of the State Government in the Department of Higher Education through a fixed deposit of Rupees one crore in a nationalized bank to be kept as security deposit.
