Finance & Funding

The annual budget of IETC for the FY 2021-2022 along with cost per student (per annum/per month), worked out on the basis of the strength of 236 (as per the audited accounts as on 30th June, 2022) students then, is as under:

Budget Heads Total Incurred Expenses against the Budget 2021-22 Cost per student per month Cost per student per annum
(Rs.) (Rs.) (Rs.)
Direct Expenses on Students
Nutrition for Children, Text Books, Stationery, Craft Material, Lab Consumables, Upkeep of Cafeteria, Sports Goods & Kits, Library Books etc.
193,520 68 820
Indirect Expenses on Students
A. Personnel Cost
Staff salaries, Bonuses, EOBI, Medical Allowance, etc.
11,113,763 3,924 47,092
B. Other Indirect Cost
Staff’s Seminars/Workshops/ Professional   Development, Staff Uniforms, Functions/Events, Parents/Community Activities, Transportation for Teachers, Security Charges etc.
3,375,333 1,192 14,302
Total: 14,682,616 5,185 62,214

The cost per trainee/student, according to the incurred expenses against the budget of 2021-22 with the strength of 236 was worked out as Rs. 5,185/- per student per month.


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