law: The Science and Engineering Research Board Act, 2008
  7. Powers and
  
  functions of Board. -
  1.  
  
    The
  
  Board shall serve as a premier multi-disciplinary research funding agency for
  
  planning, promoting and funding basic research in the emerging areas of science
  
  and engineering.
  2.  
  
    The
  
  powers and functions of the Board shall, inter alia, include-
   
  
   i.  
  
    serving
  
  as a premier multi-disciplinary research agency for planning, promoting and
  
  funding of internationally competitive research in emerging areas;
   
  
  
  
   ii.  
  
    considering
  
  and taking decisions on the recommendations and suggestions made by the
  
  Oversight Committee;
   
  
   iii.  
  
    identifying
  
  major inter-disciplinary research areas, and individuals, groups or
  
  institutions and funding them for undertaking research;
   
  
   iv.  
  
    evolving
  
  nationally coordinated programmes in various identified areas involving
  
  institutions that will have a multiplier effect in promoting research;
   
  
   v.  
  
    assisting
  
  in setting up infrastructure and environment for scientific pursuit;
   
  
   vi.  
  
    achieving
  
  synergy between academic institutions, research and development laboratories
  
  and industry for promoting basic research in science and engineering;
   
  
   vii.  
  
    evolving
  
  a management system to speedily provide for funding research, including
  
  monitoring and evaluation, by adopting modern management practices;
   
  
   viii.  
  
    evolving
  
  participation in international collaborative projects, wherever necessary or
  
  desirable; and
   
  
   ix.  
  
    taking
  
  over and continuance of the basic research projects and programmes undertaken
  
  or funded by the Central Government under the existing Science and Engineering
  
  Research Council scheme.
  1.  
  
  
  2.  
  
  
  3.  
  
    The
  
  Board may provide financial assistance for the purposes specified in
  
  sub-section (2), in the form of grants and loans to individuals, academic
  
  institutions, research and development laboratories, industries and other
  
  organisations.