IRA will (subject to availability) award research grants each year in following categories,
A principal investigator/ single mentor/guide may have a maximum of two ongoing projects at the same time.
In a single funding cycle, only one project can be funded for a single principal investigator/ single mentor/guide
The numbers of actual research grants and quantum available would be advised by the secretary of the IRA to the committee. The funding shall be evaluated in the following three cycles,