The incomes from the NCF will be utilised for funding a variety of activities relatable to the field of culture - culture as understood in its holistic connotations. It will thus be available for the preservation and conservation of both tangible and intangible cultural heritage; for the training and development of a cadre of specialists and cultural administrators; for innovations and experiments in arts; for documentation of cultural expressions and forms that have lost their relevance in contemporary scenario and are either fading out or facing extinction; for undertaking research such as culture in its interface with the other sectors of development; creation of institutions and facilities such as galleries and museums and strengthening of existing ones; for international cultural cooperation which may promote the development of indegenous expertise and human resource; and even for low interest or interest free loans for culture related endeavours covered as objects of the Fund. 

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