| - |
JST takes the responsibility
of establishing endownment using the funds that will be
generated |
| - |
Since fair amount of
contribution is expected from NRIs and foreigners, FCA
registration is |
|
needed, which JST already has
|
| - |
JST will receive money from
NRIs and foreigners for this purpose, through normal
banking channels |
| - |
JST will deposit this seed
money in FDs with banks |
| - |
Any money received for this
purpose from local donors shall be deposited in another
account |
| - |
Interest earned from these
accounts shall be used to provide assistance
|
| - |
Any trustee, friends of
trustees and any responsible person in general, can
refer deserving cases |
| - |
The trust will conduct a
check on the candidate, using its own procedures like
home study visit, |
|
verification with friends,
Principal of the school or college, associates, etc.,
|
|
( detailed format,
methodology etc can be worked out once the project is
approved) |
| - |
A designated trustee or
volunteer of the trust will be responsible for
scrutinizing the forms |
|
and making the final
recommendation |
| - |
In consultation with the
Secretary, a final decision shall be taken and money
disbursed |
| - |
Follow up monitoring will be
done by the trustee / recommending person / in line with
a |
|
predetermined format
|
| - |
We will ensure all
administrative aspects of this activity are taken care
of by us, including |
|
setting up procedures,
designing necessary forms, getting home study reports,
filing, follow |
|
up activities etc for the
first few years, to ensure that the local trustees at
Melkote are |
|
not burdened with this
additional work. |
| - |
The entire activity will be
that of the trust and all documents, materials, money
etc connected |
|
with this activity will
belong to the trust |
|
|
