(1) The Central Government may, after due appropriation made by Parliament, by law in this behalf,-



(a) make to each University for Research and Innovation, grants of such sums of money as may be required for supporting research and the promotion and development of higher education, subject to the provisions of the memorandum of agreement;



(b) provide to each University for Research and Innovation grants of such sums of money as are required to meet the expenditure on scholarships or fellowships instituted by it, including scholarships or fellowships for students from socially and educationally backward classes or categories of citizens enrolled in such University.



(2) The Board of Governors of each University for Research and Innovation shall constitute, in such manner and for such period as may be provided under its Statutes, an Expert Group for Research Audit for conducting an assessment and evaluation, on the basis of such parameters as may be provided under the Statutes, of the research undertaken out of public funds in each University for Research and Innovation.



(3) The Expert Group for Research Audit constituted under sub-section (2) shall submit its assessment and evaluation report of the research undertaken out of public funds in each University for Research and Innovation to the Board of Governors and the Vice-Chancellor shall cause such report to be placed before the Board of Governors along with an explanatory memorandum of the action taken thereon with reasons for such action.



(4) The Board of Governors shall, on consideration of the assessment and evaluation report referred to in sub-section (3) and the explanatory memorandum thereof, take such action as it deems fit; and the action taken thereof shall be reported to the Central Government, which shall cause the same to be laid before each House of Parliament.