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DMET · MERIAlumni, home page

Anindya – Arun – Podu – Uttam Memorial Grant

Set up in 2023 by the DMET Class of 1993 in memory of four batchmates.
Award
₹50,000 a year
Sponsor
DMET Class of 1993
Set up
2023
Paid by
The MERI Alumni Trust, to the college fee account

The corpus

Figures as on 4 Oct 2025. Every gift, every interest credit and every award paid, from the Trust’s ledger.

Corpus, as on 4 Oct 2025

₹1,58,003

From the Trust’s ledger. Includes the figures brought forward from the old website on 4 Oct 2025.

How the Class of 1993 corpus adds up
Donations₹2,35,737
Interest earned₹22,266
Scholarships paidminus ₹1,00,000
Balance₹1,58,003

Does the fund sustain the award?

Not yet: 16%.

Fund, as on 4 Oct 2025

₹1,58,003of ₹10,00,000

Sustaining corpus ₹10,00,000 · 16% reached

₹1.58 lakh of ₹10 lakh: 16% of the way to sustaining one scholarship. ₹8.42 lakh more and the fund sustains the award every year.

The Trust’s rule: a fund of ₹10 lakh sustains one ₹50,000 scholarship a year. That is 20 times the award. At the assumed 7% a year, this fund earns about ₹11,060.

The 7% rate is the Trust’s assumption for the interest estimate, not a promise. Real interest depends on bank deposit rates.

Year by year

Since the new ledger started on 4 Oct 2025.

No gift, interest or award has reached the ledger of this grant since the figures were brought forward from the old website. New entries will show here, year by year.

Awardees

3 cadets named here, in 3 years.
See them on the awardees page
  • 2025Shivam Kumar
  • 2024Tanishq Basra
  • 2023Amit Raj Kahsyap

Donors

No gifts made on this site have reached the bank yet.

Donors appear here when the treasurer matches their gift with the bank statement. Earlier donors are in the figures brought forward from the old website.