US President Barack Obama has proposed a 7.4 million dollars allocation in his annual budget for preservation of the tradition and culture of Tibet in the Tibetan Autonomous Region and other parts of China. Proposing the allocation, the Obama Administration in its annual budget for the year 2011 said this fund be made available to non-governmental organisations to support activities which preserve cultural traditions.It says that the funds will be directed towards promoting sustainable development and environmental conservation in Tibetan communities. According to the budget document, the US President has also instructed Treasury Secretary to support any funding projects for Tibet at international financial institutions.