MTM –Education Fund (EF)

MTM –Education Fund (EF)

• What is MTM ?

• MTM is a Non Political & Non Profit body : Regd. NGO

• MTM core objective is to create SOCIO-ECONOMIC – EDUCATIONAL Awareness & eMPOWERMENT among all People in the state of Maharashtra.

• Education is the basic and key foundation of any community

MTM – Education Fund

Education

MTM –Education Fund (EF)Objectives & strategy

• To collect and build –Rs 50 Lacs Corpus Fund (on First Crunch)

• To Enroll 1000 DONOR Members with each contributing Rs 5000.

• Rs 50 Lacs corpus Fund – will be invested in Bank FD with LONG term tenure

• Only annual interest will be used for needy – students .

MTM –Education Fund (EF)Objectives & strategy

• Recipients will return back voluntary once they start earning.

• Thus Fund will be perpetual and help the community for the Long term

MTM Education FUND – Donor members

• NIMBADRI RAILAPURKAR• • JAGANBABU R GANJI• • SUBHASH MACHA• • SUDHIR NIKAM• • D GIRIJA• • SARALA J GANJI• • MAKARAND MYAKAL• • SHALINI MYAKAL• • CHANDRASHEKHRA SHETTY• • Y PRABHAKAR – Andhra

Bank

• RAJU PEYYALA• • RAJESH UDAYA• • GANESH CHANDRIYA• • UMESH SINGH• • A K LAXMINARAYANA• • NOMULA NARAYANA• • BANDI GANGADHAR• • BHADRADRI• • CHILIVERU m

LAXMINARAYANA

EF- Bank FD receipts

Why education fund required

Why education fund required

• 70-80% of telugu people are below middle class (Mumbai & Bhiwandi)

• Education cost is growing annually @ 20%• Girls are not encouraged for education after

graduation• Education loans interest are high and requires

mortgages• Scholarship from telugu NGO are not made

available

Why education fund required

• There is not earmarked funds from our Telugu NGOs/sanghams

• Low awareness programme on various – Govt -schemes.

• Education help has low priority in our Telugu community

• More than 10,000 students annually requires financial help

How Funds will be used

• Only annual interest earned will be distributed to needy and POOR STUDENTS

• EF will prefer to donate mostly to GIRLS students

• Payments will direct made to school and colleges

Who will decide on Education fund

Who will decide on Education fund

• MTM-EF has a separate Governing council Body

• Principal, senior professor, wellknown social worker and talent personalities are the members of this body.

• Some are non Telugu experts• This body will verify all required documents,

may interview needy students and will decide jointly

EF – Governing Council

• Subhash Macha (MTM- core team member) - Chairman

• Dr. Prof D Jha (Vice-principal of Somaiyya Management college) - Vice –Chairman

• Dr. T. Manjunath ( Principal of Bapuji MBA academy) – Bangalore – Vice – Chairman

• D Girija – Council Member

How many students got the benefits

• Since last two years• Three Girls are the recipients from EF, all are

economically backward and talent students• EF donated Rs 10,000/- to mentally and

physically challenged students – MBA Foundation- Near Thane – Airoli

EF- Donor membership Rights

• Donor members can recommend student names to governing council

• Donor can join governing council• Donor can inspect all books and records• Donor can forward their feedback/suggestions• Donor can nominate their legal heir rights

EF- Mission & vision

EF- Mission & vision

• EF aims to set up a Virtual school and Job orientation courses (employment purposes)

• Plans to join corporate CSR policy and work literacy task

• Against First target Corpus of Rs 50 lacs, we will get annual interest Rs 4 lac

• Next two years, we will start helping annually 70- 80 school childrens.

Our challenges

Our challenges

• We have one crore telugu people in Maharahstra.

• We want only 1000 donor membership with only Rs 5,000/-

• We want to share this policy with all our telugu groups and expand education assistances under their NGO

• More than 10,000 students annually requires financial help

You decide - I promise

You decide

• You can be donor member of MTM –EF• You can join governing council member• Your rights will give career chance• Your participation will help community directly• Your donation will stand perpetual fund

assistance (only annual interest be shared)

Contact details

• Subhash Macha – Chairman Mobile 98190 43703• MTM core office• MTM president – Jaganbabu

THANKS