By Parvinder Kumar | Project Head
DHANPATMAL VIRMANI EDUCATION TRUST & MANAGEMENT SOCIETY
Roop Nagar, Delhi-110007. Phone No. 011-23848903
E.mail: virmanitrust@gmail.com ,web-site: www.virmanitrust.com
Report for the period ending June,2014
R.N. Virmani Memorial Endowment under the title “Providing Scholarship for Graduate Studies in India (Project No. 1066)”.
The R.N. Virmani Scholarships have helped students from the disadvantaged section of society to become Doctors, Chartered Accountants, Engineers and Advocates. The students have been able to achieve the highest levels in their field.
“THE VIRMANI TRUST IS WORKING FOR A LIFE OF DIGNITY AND SELF RELIANCE FOR THE DISADVANTAGED”. The Virmani Trust is a non profit making organisation, managing two schools, Adult Literacy Centres and providing Scholarships to the needy meritorious students from Dhanpatmal Virmani Sr. Sec. School Class XII having an income of less than Rs.2,00,000/- ($ 3300) annually. Preference is given to students getting admission in Professional/Technical Colleges i.e. Medical, Engineering/Technology and Management Institutions.
Dr. Renu Virmani Finn, the daughter of Mr. R. N. Virmani, the founder member of the VIRMANI TRUST donated $ 15000. In addition the other members of her family and friends have also made handsome donations.
The Scholarship scheme has been very successfully implemented with the formation of a permanent corpus. We have received a total of Rs. 50.96 Lakhs ($84,334) as contribution up to 31-05-2014 which has been invested in Govt. of India Bonds and Banks. From the interest accruing from this corpus, the scholarship amount is given to the awardees. Our aim is to increase this corpus to Rs. 2 crores ($ 3, 33,334) to enable us to award more scholarships.
Under the scheme scholarships are awarded as under:
Medical Rs. 4000/- per month
Engineering/Management/Law Rs. 2500/- per month
Chartered Accountancy Rs. 1500/- per month.
Our trust is registered under FCRA1976. The donations to the Trust are exempted under Section 80G of the Income Tax Act of India. For foreign currency Donation, our FCRA No. 231660415 with the Indian Overseas Bank, Roop Nagar, Delhi-110007 (Account No. is 18854).
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