Scholarship for Students
Contributions are eligible for relevant tax exemption
No.of Donors: 182
Till 2015, the Tuition fee for a student was Rs.90,000/- per annum, the Merit-Cum Scholarship fully supported the total cost of tuition fee.
From 2016, tuition fee has been revised to Rs.2 lakhs per annum. The Govt. Merit-Cum Scholarship has been revised to 2/3rd of Rs.2 lakhs (ie 1.33 Lakhs). This leaves a sum of Rs. 66,667/- to be borne by the student.
To support each student an endowment of Rs.15 lakhs or 25,000 USD is proposed (assuming an average yield of 5% interest).
For 200 students per year, the estimated endowment required is Rs.30 Crores.