Corpus Fund
The only way to create the Corpus fund is by enrolling Vysya Community people as
members of the fund. The interest earned from the Corpus Fund is utilized to sanction
Loan Scholarships. We are forbidden from touching the Corpus Fund.
These are the following categories of Membership for the Fund.
Endowment
Any Arya Vysya can create an Endowment. The minimum amount to create an
endowment is Rs. 1,00,000/- (Rupees One Lakh). Only the interest earned for the
financial year will be utilized for the Scholarship without touching the Capital of the Endowment.
Out of the interest earned, 50% of the amount will be sanctioned for Free Scholarship at
the discretion of the Donor to any Arya Vysya Student. The remaining 50% will be merged
with the General Fund for Loan Scholarships.
F.A.Q.
Frequently Asked Questions
Can I upgrade the donation plan?
Yes, Any point of time Member can upgrade.
Can I refer to non-Vysya member to donate?
No, This is exclusively for the Vysya Community
can non-Vysya student get the benefit?
No, This is Exclusively for Vysya Community only.
Will I get 80G benefit if I Donate?
No