About this cause
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 34,000 Can$ is proposed (assuming an average yield of 5% interest).
For 200 students per year, the estimated endowment required is Rs.30 Crores.
Eligibility Criteria for scholarship
Parental income should be less than 5 Lakhs per annum
B.Tech/ Dual Degree
How the money will be used
The returns of the endowment will help in supporting 1 student annual tuition fee of Rs.66,667/- as Merit-cum-means Scholarships.
