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DMET · MERIAlumni, home page

MERI Class of 2001 Grant

Started in 2023, now two awards every year.
Award
2 × ₹50,000 a year
Sponsor
MERI Class of 2001
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

₹6,43,780

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

How the Class of 2001 corpus adds up
Donations₹7,67,671
Interest earned₹25,109
Scholarships paidminus ₹1,49,000
Balance₹6,43,780

Does the fund sustain the award?

Not yet: 32%.

Fund, as on 4 Oct 2025

₹6,43,780of ₹20,00,000

Sustaining corpus ₹20,00,000 · 32% reached

₹6.44 lakh of ₹20 lakh: 32% of the way to sustaining its 2 scholarships. ₹13.6 lakh more and the fund sustains both awards 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 ₹45,065.

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

7 cadets named here, in 3 years.
See them on the awardees page
  • 2025Ashmit Jaiswal
  • 2025Pranav Amit Prasad
  • 2024Ashmit Jaiswal
  • 2024Divyam Tiwari
  • 2024Pranav Amit Prasad
  • 2024Vinayak Kumar
  • 2023Vinayak Kumar

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.