BIT Sindri laptop Program

This program is aimed at providing laptop to needy students in college. 6 Rounds has been completed till Aug. 2019 with distribution of 21 laptops to students and seventh round is in progress. More details on the program The program in no way compares to a regular loan scheme, which is designed for profit making by banks or other lenders. Though compared on a net cost to student basis, the program may be compared as below: Situation: A student takes loan/borrows Rs. 40,000/- to buy laptop at a rate of interest 10% per annum while entering 5th semester from a bank. Case: Profit making loans - by the end of 6months after completing course, we have 2.5 years = 10 quarters Loan amount Rs. 40,000/- , interest amount Rs. 11203/- based on 10% per annum compounded quarterly. So when you are in a position to payback the loan you have 22% interest added on top, which is then compounded further till you clear the loans. So for bank loan you pay Rs 51,203/- instead of Rs. 40,000 Case: Non-profit making financial aid as provided in the laptop project. - by the end of 6months after completing courses, we have 2.5 years = 10 quarters Financed amount Rs. 40,000/-  , interest amount Rs. 0/- So if the student wants to payback to the trust as a donation, there is no extra cost he needs to consider. We expect student to make a donationto the Laptop fund pool, which is this amount and some additional amount, Rs.6000/-  or more if he/she wish to, to this fund pool, so that we can grow the fund pool and provide financial aid to more and more students and make the fund pool sustainable for coming generations. Interested students can apply by creating an account on website and login. Please use gmail if possible and available. The application form is made using google forms and would need you to sign-in to google to fill the form. More details on the project It would have its own fund pool Separate Bank A/C would be created for collecting donations for this fund pool(BIT Sindri Laptop Project) Needs assessment and disbursal of funds/ equipment would be done periodically across the year Donations would be accepted across the year Periodic report of beneficiaries progress in academics & non-academic fields would be published Ground work in BIT would be done via voluntary contribution from college students or existing clubs with accountability - to keep any operational cost to below 2-3% of the financed amount in all cases. Digital business model, which is the basis of operations, is established and would be implemented for this project as well.

More details on the running program in this dedicated page https://anantprayas.org/bit-sindri-laptop-programme/

 

Full Study sponsorship

Funding full studies for students including  all the elements as available in a bank loan and more, to enable the student grow into a modern professional. The program in no way compares to a regular loan scheme, which is designed for profit making by banks or other lenders. Though compared on a net cost to student basis, its going to be a boon to the students. This program is not yet launched for submitting applications. We request commitment and contribution from the donors in order to finance this initiative. It would take around 5 years to become self sustainable as the student would graduate from college and start earning and paying back. The payback amount would go this fund pool alone and would be used for financing another student. We would need funds from donors to start and grow the program further to more and more number of students. For donations, click here More details on the project It would have its own fund pool Separate Bank A/C would be created for collecting donations for this fund pool(BIT Sindri Sponsor a Student) Needs assessment and disbursal of funds/ equipment would be done at the time of counseling sessions, when the student pledges to take admission in BIT Sindri. Selection process for the beneficiary for this project is yet to be designed. Donations would be accepted across the year Periodic report of beneficiaries progress in academics & non-academic fields would be published Ground work in BIT would be done via voluntary contribution from college students or existing clubs with accountability - to keep any operational cost to below 3% of the financed amount in all cases. Digital business model, which is the basis of operations, being established and would be implemented for this project as well.

More details on the program launch on this web page https://anantprayas.org/bit-sindri-study-finance/

 

Funding students' projects and innovation in college

The salient features of this program are below

  • Establish seed fund via govt./ alumni support
  • Provide mentoring support to prospective entrepreneurs
  • Provide patent enablement and support
  • Provide support and funds to participate in major events across the globe

This program is not yet launched for submitting applications. We request commitment and contribution from the donors in terms of financing this initiative.
For donations, click here

More details on the project

It would have its own fund pool
Separate Bank A/C would be created for collecting donations for this fund pool(BIT Sindri Innovation Fund)
Digital business model, which is the basis of operations, being established and would be implemented for this project as well

More details on how the program can be structured with the seed funds across the globe and setting up entrepreneurship support within the college administration and alumni needs to be established. The initial ideas at the moment are not published on this page. It would be a pleasure to discuss further on this topic if you are interested. Please write an email to aaloka@anantprayas.org to start the discussion.