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C.1.4. Key Advisory Recommendations%u2015 Governance must move beyond accreditation, Ranking and surveys %u2015 Adopt national and international standards on governance and acquire International certifications on quality assurance %u2015 Ensure the strategic plan is in alignment with national policies, global trends so that the reforms in governance stays relevant.Component 2: Finance and Funding Structure C.2.1. Finance%u2015 Financial sustainability is essential for any institution with aspirations of global excellence.%u2015 SRMIST%u2019S Current revenue streams are being to be expanded to reduce the tuition fee dependencyStrengths & AchievementsSelf-sufficient revenue through tuition fee and annual income through tuition fee.Funding allocation for quality initiatives, sustainability studies, student support infra including hostels.Funding for faculty exchange programs, Institutional visits, adjunct professors, Seed Research project funding.WeaknessTuition fee dependency %u2013 Weak diversified revenue %u2013 uneven fund allocation %u2013 Lack of broader perspective - lack of inclusiveness in funding proposals.OpportunitiesNational and global funding for research in contemporary areas - consultancy and testing opportunities with local industries, to start with commercialization of patents with potential one.ChallengesCoordinating capital allocation fairly across six campuses with uneven infrastructure maturity, revenue capacity, and growth stageNavigating compliance complexity across parallel funding streams %u2014 UGC/AICTE norms, government grant audit requirements, international grant conditions, and GST/tax treatment of research incomeAbsence of a mature internal Net Present Value (NPV) /Return on Investment evaluation culture for non-revenue investments such as sustainability infrastructure or social-impact programs, where payback is reputational rather than financial.SRM Institute of Science and TechnologySRMIST | INSTITUTIONAL DEVELOPMENT PLAN 2026%u20132035