PROSU300
PROSU300
F.No. M/676/2025-SAGB/IDEA2024000247
Date: 11-02-2025
To
BHIMASEN
Madam / Sir,
We are pleased to inform that your institution is selected for establishing an AICTE IDEA Lab with the following budget and fund flow.
Total Project Cost, Rs. (in lakh) AICTE Institute Industry / Alumni / Others
90 20 10 30 20 10 30 20 10 30
AICTE shall release one-third of its contribution as the first instalment after formal acceptance of this offer by the Institute and the remaining amount
(second instalment), only after the total matching grant amount (Institute Contribution) is deposited in an exclusive Bank Account of AICTE- IDEA Lab
along with proof for placing Purchase order for procurement of all the Equipment’s (as per Scheme document) and proof submitted to us. Further, your
institution must ensure the contribution of funds by Industry/ Alumni/ Other sources as mentioned in the table above. The Institute must ensure
continuous flow of funds into the project over and above the total Project cost, towards sustenance of IDEA Lab beyond 2 years and to be eligible for
grants under other schemes from AICTE in future. Your Institution must adhere to the timeline for implementation of AICTE-IDEA lab project, enclosed
with this offer letter.
We would also like to recall among other things the following towards smooth initiation of the project:
Your institution must provide a built-up and furnished space of at least 3000 sq. ft. to house the IDEA Lab (2000 sq ft for Lab & 1000 sq ft for
student activities).
Your institution should open a separate bank account for this project and the same be intimated to us through the Mandate Form (enclosed).
This is required for issuing Sanction Order from our end.
Your institution must abide by Terms and Conditions provided in the Scheme Document (accessible from our website) and timeline enclosed
with this letter.
The logo of AICTE IDEA Lab can be used by the institution as long as it has a valid Extension of Approval (EoA).
We look forward to an Acceptance Letter (giving reference to this offer letter) within 10 days, as per the template enclosed. We hope that the institute
will implement the prestigious project with all sincerity and commitment.This is issued with the approval of competent authority.
Dr. N.H.Siddalingaswamy
Creation of Separate Bank Account for IDEA Lab and Initiate /Planning for
4. X+18 days
the Procurement process
7. Confirmation of Funds Transfer by Institute on AICTE IDEA Lab Portal X+30 to 35 days
11. Completion of Procurement by Institutes & Establishment of IDEA lab X+90 to 100 days
12. Inauguration of IDEA Lab & Initiation of IDEA Lab Activities X+100 to 120 days
13. Submission of Progress Report by the Institute on IDEA Lab Portal X+130 to 135 days
AICTE-IDEA Lab
To,
The Advisor,
Scholarships and Grants Bureau,
All India Council for Technical Education (AICTE),
Nelson Mandela Marg, New Delhi 110 070
Subject: Acceptance of the AICTE IDEA Lab Project offer (IDEA Lab ID - IDEA2024000247)
Name of Institute:
Dear Sir,
Our Institute agrees to the terms and conditions provided in the offer letter and scheme document and
the timeline for implementation prescribed by the AICTE. We also assure you that we will implement
this prestigious project with all sincerity and commitment.
Signature: Signature: