The MAC is funded by the State Govt. of Assam under the Tribal Sub Plan (TSP). Fund allocation to MAC was very little till 2005. In 2005, the Govt entered into an agreement with the agitating tribal organizations and it was decided to enhance the budget allocation to MAC. Since then fund allocation has been gradually increased, although the amount always falls short of meeting huge demands and needs.

Funds allocated to MAC since 1996-97 have seen a steady increase. Funds allocated during 2010-11 were lapsed as there was no Council, not even a nominated one; and funds allocated for 2011-12 and 2012-13 were revenue deposited for the same reason. Funds for 2013-14 have been released after the elected council has taken charge and the same is being utilized at present.

The MAC allocates funds across its 28 departments for development works, livelihood programmes, infrastructure projects, education, health and other welfare schemes for the Mising community.