Donations are exempted u/s 80G of the Income Tax Act.
1. Endowment Scheme
In this scheme, interest on donation amount will be utilized for educational expenses of needy students. For the year 2016-2017, rate of interest is 6.80% p.a.
Donation of Rs. 10,000/- up to Rs.49, 999/- (we will keep this donation as fixed deposit in our name with our bankers for 5 years and the interest incurred on it will be utilized as scholarship for the educational purposes of a needy girl student taking education in our Samstha’s branch. The donation or the original amount will be deposited into the corpus fund of the institution after expiry of the period.
Donation of Rs.50, 000/- and more (we will keep this donation as fixed deposit in our name with our bankers for 10 years and the interest incurred on it will be utilized as scholarship for the educational purposes of a needy girl student taking education in our Samstha’s branch. The donation or the original amount will be deposited into the corpus fund of the institution after expiry of period.
*Note:- Samstha reserves the right of revision in the rate of interest and period of scholarship for Endowment Scheme without any prior notification.
The contribution/ donation can be made by Cheque or DD in favour of Maharshi Karve Stree Shikshan Samstha, online payments are also available.
Donations above Rs. 500/- are exempted under section 80(G) of the Income tax Act.
2. Financial Assistance for Educational Expenses of a needy girl student (popularly known as “Financial Guardianship”)
At the campuses of the Samstha at Pune, Wai and Satara, Samstha has schools, higher education institutes and hostels where more than 2000 girls are in need of financial assistance for their education. Girls coming from weaker section of society and coming from rural areas, stay in our hostels and complete the school education. Some of these girls belong to the draught-hit areas, having single parent or from low income group. The Samstha has to look after for their food, stay and other requirements. The annual expenses for food, stay and other requirements of one student are around Rs. 40,000/- p.a. for a school student. For a college student, the expense is around Rs.70,000/- to Rs.75,000/- p.a. for education and around Rs.50,000/- p.a. for accommodation.
You may sponsor for one such student. You can also support financially for more than one student. Details of the sponsored girl, such as, her name, address, class in which she is studying, family background, performance in annual examination etc. will be communicated to the donor.
This financial support can be made by Cheque, Demand Draft in favour of “Maharshi Karve Stree Shikshan Samstha”. Online payments can also be made through RTGS.
Donations are exempted under section 80G of the Income tax Act, 1961
3. Building Fund
Nearly 25000 girls take education in different educational units of our Institution. We find that, every year, number of girls interested in securing admission to different educational units, is increasing. Due to this heavy rush, it is always necessary to develop new infrastructure facilities for them. You may donate for the construction of a building, for renovation, for laboratories, libraries, class-rooms, sports grounds etc.
This financial support can be made by Cheque or DD in favour of Maharshi Karve Stree Shikshan Samstha. Online payments are available. Donations are exempted under section 80G of the Income tax Act.
4. Donation in Kind
You may help our Institution by donating some new equipment such as, computers and printers, Xerox machines.