The University has instituted “Distinguished Young Faculty Award” and “Distinguished Researcher Award” for recognizing the faculty members and research scholars respectively of the University every year. The award consists of a certificate of appreciation and a financial incentive, utilizing the prize money of Chancellor's Award. An amount of Rs.50,00,000/- (Rupees Fifty Lakhs Only) is set apart for this which would be deposited as corpus fund and interest earned shall be utilized for this purpose.