The committee shall look after all aspects of financial aid, recoverable and non-recoverable out of B.S.W. funds and its payment and recovery. It shall also implement the guidelines for the same.
It shall assist the deserving and bona fide student in securing summer/winter jobs during vacations as well as part-time jobs (which may be from outside IIT) during the academic sessions. It shall also look into the aspect of loans, scholarships and grants provided by BSW to the needy students.
The committee shall normally invite applications for financial assistance at the beginning of each semester for the bona fide students and the applications shall be entertained by the President of committee on emergency basis at any time during the year. This will be considered by the committee in its emergency conveyed by the President.