Terms & Conditions

  1. Money Disbursement: For the First-Time and Extension Grants, 70% of the money will be disbursed at the time of the award of the grant to the institutional bank account provided. The remaining 30% will be released on a reimbursable basis (against receipts of expenditures already made) at the end of the grant period subject to the satisfactory completion of project milestones. Note: The remaining 30% will only be submitted on a reimbursable basis.
  2. Submission of Progress Reports: Two progress reports are expected during the duration of the grant (in the submission format provided by IBS). The mid-term report is to be submitted by the YI at the 6‑month period that indicates the completion of 50% of work. The final progress report is to be submitted by the YI at the end of the grant period. Note: Submission of the progress reports at mid-term and at the end of the grant period is mandatory.
  3. Submission of Financial Reports: Two utilization certificates are expected to be submitted during the duration of the grant (in the submission format provided by IBS), duly signed by the financial/​administrative authority of the institute. The first UC is expected on completion of utilization of the first instalment (but no later than 1 year after the start of the grant). If the reimbursable 30% component of the grant has been spent by the host institute, that can be included in the first UC. If the reimbursable component of the grant has been spent by the YI, awardees should send receipts and/​or invoices indicating the expenditure incurred. Upon receipt and approval of the first UC, and verification of expenditure incurred via the reimbursable component of the grant, IBS will release the second and final instalment (based on expenses incurred) of the grant to the institutional account. Upon reimbursement/​reappropriation of the reimbursable component of the grant via the institution, awardees will submit a final UC (in the submission format provided by IBS), indicating the total expenditure of the grant money.
  4. IBS Branding: IBS should be acknowledged and the IBS logo should be used (according to IBS branding guidelines) in material and resources developed as part of the project. Announcements, materials and resources posted on social media should tag IBS handles (Facebook , Twitter, (#IOG), Instagram, LinkedIn).
  5. Audience: Outreach should be carried out in India or primarily for an Indian audience (in-person or digital).
  6. First-Time and Extension awardees are encouraged to apply for secondary or additional sources of funding, to complement and augment the IOG-funded project.
  7. Expenses that can be supported via the Grant (this is not an exhaustive list):
  • Software licenses
  • Online platform/​services fees and registration costs
  • Purchasing small equipment/​s
  • Fees for hiring freelancers or consultants
  • Fees for other professional services
  • Stationery/​printing
  • Logistic/​venue costs for conducting events