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6.3.5 – Welfare schemes for
Teaching Non-teaching Students

1. Contributory Provident 1. Contributory provident 1. Group insurance 2.
Fund 2. Gratuity 3. Group fund 2. Gratuity 3. Group Scholarships 3.Complete
Insurance 4. Tuition fee insurance 4. Priority in Health Checkup and issue
concession to teaching admission to the various of Health Record 4. Bus
faculty who have programmes to the wards Facility 5. Hostel
registered at KAHE for of the non-teaching Facility 6. All Sports
Ph.D. degree (Part time) staff. 5. Concession in Specility 7. Full and
5. Concessional transport tuition fee to the wards. partial fee concession
facility 6. Health 6. Free transport in the for Sports Quota Students
benefits at Karpagam University bus 7. Health 8. Full and Partial
Medical CollegeHospital benefits at Karpagam travel Charges for with
at subsidized cost 7. Medical College at in India and
Registration fee and subsidized cost 8. Free International Sports
travelling allowance to coaching / training to Meets 9. Medals and
attend seminars and upgrade the skill of the Certifiacates for
conferences 8. Hostel non-teaching staff such Meritorius top Sports
accommodation to as training in Tally, Students. 10. Full or
bachelors / spinsters 9. drafting office note Partial fee concession in
Cash incentive to faculty etc., 9. Food at Hostel and Mess for
who won awards / subsidized cost at Sports students
recognition 10. University canteen 10.
Registration fee for Hostel accommodation to
completing SWAYAM Course. bachelors / spinsters
11. Registration fee for
attending
Conferences/seminars 12.
Partial travel assistance
for International
conference/workshop etc.
13. Medals and
certificates for
publicartion, Grants, E-
content preparation etc.

6.4 – Financial Management and Resource Mobilization

6.4.1 – Institution conducts internal and external financial audits regularly (with in 100 words each)
Karpagam Academy of Higher Education has an appropriate procedure that is being
followed for maintaining Books of Accounts. On approval of authority concerned,
necessary amount is sanctioned for purchase of equipment, subscription, to meet
department expenses etc. A team of accountants are appointed in the finance
section for recording accounting transactions. Proper ledgers are maintained.
Thereafter, Trial balance, income and expenditure account and balance sheet are
prepared periodically to ascertain the liquidity and financial position of the
institution. Auditing is the inspection of various books of accounts by an
authorized auditor to ascertain the accuracy of the records and transactions.
This is done to find and whether financial statements exhibit true and fair
view of the organization. Auditing plays an important role for an institution
in fraud detection and prevention. Both internal and external audit system is
followed in KAHE. The internal audit system is done by internal auditors on
concurrent basis so that any violation could be found out immediately. The
objections raised by the internal auditors are answered then and there.
Further, institution has a practice of regularly conducting internal audit for
identifying the errors in posting and pit-falls, if any. This internal audit