The number of applications and the number of scholarship recipients is
expected to expand considerably in coming years, as the awareness about the
SHDF programs and procedures is now rapidly spreading. SHDF is making plans
to tap an ever-increasing number of potential donors in Washington
metropolitan area as well as in the rest of USA, to meet the rising need for
funds.
SHDF, in consultation with Nishkam, has also prepared a scheme to identify
poor but very deserving and bright school students (XI and XII grade
students), who ordinarily will not plan to compete for entrance into
professional institutions because of their families' poor financial
situation. These students will be informed upfront (after a due process of
selection) that in case they decided to compete for and got admitted to a
professional degree course ina recognized institution, SHDF will provide
them with a pre-defined amount of financial assistance (currently estimated
at an average amount of RS. 20,000) during each year of the degree course,
provided they maintained minimum scores. This will be a great step forward
to reach out to the neediest of the needy students. SHDF plans to commit
and eventually finance 100 such (school) students each year for selected
four-year professional degree courses. This means that it will eventually
be financing about 400 students every year from project year 4 onwards. In
addition, it plans to continue financing every year about one hundred poor
students already admitted to professional degree and post graduate courses,
i.e. those who have obtained admission in professional courses, but are
looking for financial help to close the funding gap. Thus, SHDF anticipates
financing of some 500 students from project year 4. It is estimated that
the annual budget of SHDF will gradually increase from the current level of
some $40,000 to over $200,000 by the year 2010. SHDF is in need of donor
support not only from individuals, but also from the corporate sector and
other charities in the USA in order to (i) sustain the proposed
annually-expanding-program; and (ii) simultaneously build up an endowment
fund to generate regular (interest) income in order to ensure that SHDF is
able to meet its commitment over the longer term to poor students who join
professional courses and expect to be financed for the entire duration of
their courses.
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