|
 |
|
Winners
of medals for excellence
in their
studies with Mr. H. R.
Mehta.
|
|
|
| Education
arouses curiosity in a child’s
mind and creates interest for
higher learning. Timely financial
assistance is essential for sustaining
child's interest in education.
As we preferred to make efforts
to impact the lives of youngsters
we chose education. |
|
Principal
Objects of the Trust
- To
give help to Students in the form of scholarship,
free-ship, prizes, free books.
- To
establish and support educational institutions
for the benefit of students with less
privileged backgrounds.
Establishment
and Operation of Trust
The
operations of the Trust are managed by people
working on honorary basis
Target
Beneficiaries
Students
from less privileged backgrounds.
Trustees
Mr.
Haresh R Mehta, Mrs. Prassana H Mehta
 |
|
Felicitation
of Mr. H. R. Mehta by his peers
for his commitment towards providing
education for the under privileged.
|
|
Top
Status
of the Trust: Registration
- Charitable
Public Trust Registered under Greater
Bombay Municipal Charitable Trust Act
1950
- Registered
under Section 80 G of Income Tax Act of
India 1961 for tax exemption.
Overseas
Donations
Govt. of India permission recd to accept
funds from abroad
Policies
and Rules
Financial
assistance is extended to students who have
secured a minimum of 60 % marks and whose
parent’s income is low. The eligibility
criterion is strictly followed to ensure
that the needy and deserving gets the benefit.
Applications
seeking the assistance are collected in
the beginning of the academic year and the
eligible students are short-listed for the
financial assistance.
Fee
is paid directly to the Institutes.
To
ensure that the parents are serious and
uncompromising in discipline and judgment
as to the future of their children, the
parents of the eligible students have to
contribute 2 months fee and HMCT extends
the balance financial assistance.
 |
|
Speech
by Mr. H. R. Mehta emphasizing
the importance of education
at the medal distribution function
2004.
|
|
Top
Mode
of Contribution
Disbursement per student is approx max INR
4000 pa and the donor could contribute choosing
either of the following options:
- Make
yearly contribution to the charity fund
of the trust @ INR 4000 approx 90 $ dollars
and / or in multiples of INR 4000 per
year depending on the number of students
he/she wishes to help.
Or
- The
donor could choose to make donation which
shall be invested in Govt. of India securities,
annual income from which shall be utilized
to extend the financial assistance to
the students. For example the current
yield on ten years GOI paper being around
6.5%, the donor should donate an amount
of INR 61,000 per student intended to
be helped.
Top
Method
of Remittance
Funds to be remitted to the credit of the
Account No. 01100050194 with State Bank
of Mysore, Khar, Mumbai – 400 054 –
All particulars of the donor are to be sent
to the trust office by email to be able
to maintain proper records.
Attributes
of the trust
To make the bright children self-reliant
and instill in them an urge to serve the
society. HMCT is targeting to reach-out
to as many children as possible per year.
Duration
Ongoing.
Elaborate
action plan
Making the bright children self-reliant
so that they play a significant role in
contributing to the overall development
of the society.
Monitoring
and Evaluation
The performance of the students is continuously
monitored and to be eligible to the assistance
they have to sustain their good performance
i.e. 60% and above marks in all annual exams.
Top
Effect
Measurement
Every year more and more help requests are
being received.
Achievements
HMCT in the last 5 years has extended the
help to 1170 children so far and has since
disbursed a sum of INR 39.96 lacs.
|
Year
|
No
of students
|
Disbursement
|
|
2001
- 2002
|
69
|
212,971
|
|
2002
- 2003
|
169
|
531,220
|
|
2003
- 2004
|
271
|
871,863
|
|
2004
- 2005
|
323
|
1,153,479
|
|
2005
- 2006
|
328
|
1,226,000
|
|
Total
|
1,170
|
3,995,553
|
Growth
effort
HMCT runs the task of financial assistance
to the deserving children and to accelerate
the pace of its activity it plans to approach
likeminded people /organizations as per
the need.
Top
Profile
of Key Person
Mr. Haresh Mehta is Trustee of HMCT. He
is the founder of the H.M. Group of Companies
and is dedicatedly working for accomplishing
the HMCT mission as he considers it his
social responsibility.
Feedback
to Donors
The donors are updated on regular basis
with a detailed report on trust activities
and achievements with photographs annually.
In near future, we propose to make all this
available online by hosting a website.
Email:
hmtrust@hmgroupindia.com
|
