It is the largest financial support to the Kufos since its inception in 2011, after the Kerala government's Rs.20 crore help.
The Nabard funding would be used for the completion of an academic complex, Ocean Studies campus and setting up a hatchery for grey mullet (thirutha) at Puthuveypu near here.
"Kufos is building the academic complex to provide adequate physical support for the newly introduced post-graduate courses," said Vice-Chancellor B. Madhusoodana Kurup.
Kufos offers 34 post-graduate programmes and one undergraduate course. Ten more post-graduate programmes are proposed to begin in the next academic year.
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