Funding agencies are Government or Non-government bodies providing monetary grants for the scientific research areas in Science and Technology, etc. In India various funding agencies are available which provide grants for a research in a various field. These agencies provide research schemes to promote research in the areas of Science and Technology by providing a grant for the research. Research funding is a term generally covering any funding for scientific research, in the areas of both Science & Technology and Social Science. It is a competitive process, in which potential research projects are evaluated and only the most promising ones receive funding. Such processes, which are run by government, corporations or foundations, allocate scarce funds. Most research funding comes from two major sources, corporations (through research and development departments) and government (primarily carried out through universities and specialized government agencies).