Question: Can I get benefits under Financial Assistance For Development Of Buddhist/Tibetan Arts And Culture? What are the requirements?

Answer: Here are the eligibility criteria for Financial Assistance For Development Of Buddhist/Tibetan Arts And Culture:

Ministry Of CultureFinancial Assistance For Development Of Buddhist/Tibetan Arts And CultureArtBuddhistCultureFinancial
AssistanceMonasteriesTibetanDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked QuestionsThe
scheme â€œFinancial Assistance for Development of Buddhist/Tibetan Arts and Cultureâ€​ was launched by the Ministry of Culture,
Government of India to provide financial assistance to voluntary Buddhist/Tibetan organizations including Monasteries engaged in the
propagation and scientific development of Buddhist/Tibetan culture, tradition and research in related fields.The grant shall be given based
on the appraisal of applications and recommendations by the Expert Advisory Committee and thereafter administrative approval and
financial concurrence of competent authorities in the Ministry of Culture.The Joint Secretary In-Charge would be the competent
authority for the release of funds up to â‚¹30.00 lakhs based on the recommendation of the Expert Advisory Committee and in
consultation with IFD in each Case.The grants will be paid in two equal installments, the first being normally released with the approval
of the project.The second installment will be released on receipt of a duly audited statement of accounts showing the utilization of the
entire amount of the grant plus the share of the grantee/concerned State/U.T. Government and other documents on behalf of the
Chartered Accountant.The release of the balance of the grant will be decided on the basis of the actual expenditure incurred on the
project subject to the maximum limit.The grant for repairs, restoration, and renovation of Heritage Buildings associated with Buddhism
is subject to a certificate from the Archaeological Survey of India. An officer of the appropriate level from the ASI office/Circle
concerned will be associated with the organization for this activity. Applications against which a previous grant/Utilisation certificate is
pending will not be considered.Mode of Payment:All payments will be made through electronic transfers.Special Provision:The Expert
Advisory Committee (EAC) on the scheme is empowered to recommend or reject any proposal received without or with the
recommendation of State Government/U.T. administration/ Local Administration and also to recommend the amount beyond the
maximum limit but not exceeding â‚¹1.00 crore from this scheme. In respect of any proposal which is of outstanding merit for which the
EAC feels that the maximum limit would not be sufficient for undertaking the said project, with the approval of the Minister (Culture)
and concurrence of AS&FA, Ministry of Culture. However, in each such case, detailed justification would be given by EAC for
exceeding the limit of â‚¹ 30.00 lakhs.Inspection & Monitoring:The inspection would be carried out by Ministry officials every year at
least in 5% of the cases and also the services of autonomous institutions like Central University of Tibetan Studies, Sarnath, Nava
Nalanda Mahavihara, Nalanda, Central Institute of Buddhist Studies, Leh, ZCCs would be utilized. The concerned State
Government/UTs Administration, District Collector/Dy. Commissioner will also monitor.Penalties in case of misutilization of grant:The
members of the executive body of the organization would be liable for the recovery of misused grants. The organization will also be
blacklisted for misuse of funds, fake registration certificate, etc. All immovable assets created from the Government grants would be
taken over by local administration prescribed by the Ministry.OkWas this helpful?ShareNews and UpdatesNo new news and updates
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