Pradeep R Avasthi Memorial Scholarship
- Award
- ₹50,000 a year
- Sponsor
- DMET Class of 1972
- In memory of
- Pradeep R Avasthi
- Set up
- 2024
- Paid by
- The MERI Alumni Trust, to the college fee account
The corpus
Corpus, as on 4 Oct 2025
₹3,50,000
From the Trust’s ledger. Includes the figures brought forward from the old website on 4 Oct 2025.
| Donations | ₹4,00,000 |
|---|---|
| Interest earned | ₹0 |
| Scholarships paid | minus ₹50,000 |
| Balance | ₹3,50,000 |
Does the fund sustain the award?
Not yet: 35%.
Fund, as on 4 Oct 2025
₹3,50,000of ₹10,00,000
Sustaining corpus ₹10,00,000 · 35% reached
₹3.5 lakh of ₹10 lakh: 35% of the way to sustaining one scholarship. ₹6.5 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 ₹24,500.
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
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
- 2025Sushant Kumar
- 2024Abhinav 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.