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The Finance Committee

Finance Committe

Ensuring Financial Sustainability, Accountability, and Strategic Growth

The Finance Committee of Sikkim Skill University (SSU) serves as a pivotal body in steering the financial governance of the university. It is entrusted with the responsibility of strategic financial planning, effective budget formulation, prudent resource allocation, and ensuring long-term fiscal sustainability in alignment with the university’s vision of delivering industry-relevant education and fostering applied research excellence.

Working in close coordination with the Board of Governors, Academic Council, and key administrative units, the committee upholds principles of financial integrity, transparency, and accountability—ensuring that every financial decision supports the university’s mission and contributes to its overall growth and global relevance.

SSU, under the guidance of the Finance Committee, continues to invest strategically in infrastructure development, innovative research, skill-based education, and learner-centric initiatives—ensuring a financially sound and future-ready academic ecosystem.

Roles & Responsibilities of the Finance Committee
  • Strategic Budgeting & Resource Allocation:

    To formulate, revise, and recommend courses of study, ensuring they are academically rigorous, industry-relevant, and aligned with emerging trends and technologies.

  • Financial Planning & Policy Implementation:

    Develop and implement sound financial policies and frameworks aimed at long-term sustainability, risk management, and institutional resilience.

  • Expenditure Oversight & Cost Control:

    Monitor financial transactions to ensure efficiency, eliminate redundancies, and maintain fiscal discipline across all departments.

  • Revenue Mobilization & External Funding:

    Identify and secure diverse revenue streams, including government grants, CSR funds, industry partnerships, and research collaborations to strengthen the university’s financial base

  • Student Financial Support & Scholarships:

    Oversee the allocation and disbursement of scholarships, fellowships, and research grants to support meritorious and financially disadvantaged students.

  • Regulatory Compliance & Financial Auditing:

    Ensure strict adherence to financial regulations, standards, and statutory requirements through regular audits and internal financial reviews.

Structure of the Finance Committee
  • Chairperson

    The Vice-Chancellor or a senior designated authority responsible for overseeing all financial affairs of the university.

  • Support Team:

    A multidisciplinary team comprising finance professionals, academic representatives, and legal/compliance advisors tasked with:

    • Strategic financial planning and implementation.
    • Ensuring funding support for academic and research initiatives.
    • Promoting best practices in financial governance.
    • Monitoring adherence to financial regulations and institutional policies.
Financial Governance Framework
  • Transparent & Accountable Financial Management:

    Guided by principles of openness, due diligence, and fiscal responsibility in all financial operations.

  • Regulatory Alignment:

    Full compliance with financial norms and guidelines issued by UGC, AICTE, and relevant State/Central Government authorities.

  • Ethical and Sustainable Financial Practices:

    Adoption of ethical investment strategies, cost-effective spending policies, and long-term sustainability planning.

  • Periodic Financial Audits:

    Regular internal and statutory audits to ensure accuracy, compliance, and continuous improvement in financial processes.

Commitment to Financial Excellence

The Finance Committee of Sikkim Skill University remains committed to fostering a financially robust environment that empowers academic innovation, skill development, and inclusive growth. Through strategic foresight, transparent practices, and collaborative leadership, the committee plays a crucial role in shaping the university’s trajectory toward national and global recognition.