DMET Class of 1976 Grant

The Ashok Nigam batch grant. Mr Ashok Nigam of the Class of 1976 started it in 2020, for one scholarship every year. First awarded in 2021.

Award: ₹50,000 a year
Sponsor: DMET Class of 1972–76 (Class of 1976)
Set up: 2020
First awarded: 2021
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

₹9,76,948

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

How the Class of 1976 corpus adds up
Donations	₹9,57,982
Interest earned	₹2,18,966
Scholarships paid	minus ₹2,00,000
Balance	₹9,76,948

Does the fund sustain the award?

Not yet: 98%.

Fund, as on 4 Oct 2025

₹9,76,948of ₹10,00,000

Sustaining corpus ₹10,00,000 · 98% reached

₹9.77 lakh of ₹10 lakh: 98% of the way to sustaining one scholarship. ₹23,052 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 ₹68,386.

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

5 cadets named here, in 5 years.

See them on the awardees page

2025Deepak Kumar
2024Nayan Das
2023Aviral Singh
2022Vaibhav Kumar
2021Afsal Shameer

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.