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DMET · MERIAlumni, home page

DMET MERI Alumni Grant (MAT Grant)

The first grant set up by the alumni for DMET · MERI cadets, first awarded in 2013. The Class of 1994 (batch of 1990–94) started it and gives most of its fund. Other classes also give to it.
Award
₹50,000 a year
Sponsor
MERI Alumni Trust, started by the Class of 1994
Set up
2013
First awarded
2013
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

₹9,50,954

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

How the MAT corpus adds up
Donations₹12,25,177
Interest earned₹4,05,777
Scholarships paidminus ₹6,80,000
Balance₹9,50,954

Does the fund sustain the award?

Not yet: 95%.

Fund, as on 4 Oct 2025

₹9,50,954of ₹10,00,000

Sustaining corpus ₹10,00,000 · 95% reached

₹9.51 lakh of ₹10 lakh: 95% of the way to sustaining one scholarship. ₹49,046 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 ₹66,567.

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

17 cadets named here, in 13 years.
See them on the awardees page
  • 2025Astik Anil Raiker
  • 2024Ronit Bal
  • 2024Vishal Das
  • 2023Aditya Singh
  • 2022Soumya Ranjan Sahoo
  • 2021Shrikant
  • 2020J. Bharadwaj Keerthi
  • 2019Md. Shadan Asgar
  • 2018Jitendra Chaudhary
  • 2017Ishwar Kumar
  • 2016Shashi Bhushan Kumar
  • 2016Shyam Goel
  • 2015Himanshu Maurya
  • 2015Rohit Singh Yadav
  • 2014Jai Narayan Tiwari
  • 2014Kumar Gaurav
  • 2013Rakesh Sharma

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.