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This paper shows the importance of fair scheduling in grid environment such that all the tasks get equal amount of time for their execution such that it will not lead to starvation. The load balancing of the available resources in the computational grid is another important factor. This paper considers uniform load to be given to the resources. In order to achieve this, load balancing is applied after scheduling the jobs. It also considers the Execution Cost and Bandwidth Cost for the algorithms used here because in a grid environment, the resources are geographically distributed. The implementation of this approach the proposed algorithm reaches optimal solution and minimizes the make span as well as the execution cost and bandwidth cost.