About Us
What is the CESP Golden Jubilee Foundation all about?
The Centre for Economic Studies and Planning (CESP, hereon), JNU is one of the premier centres for higher studies in economics in India. The CESP Golden Jubilee Foundation (Foundation, hereon), formed in the 50th year of the establishment of CESP, is an aluminitiative to create a means-based scholarship programme for students pursuing M.A.(Economics) programme at CESP. The Foundation has been registered as a charitable trust. A significant number of academically gifted students from all over the country forgo theopportunity to study at CESP primarily due to economic reasons. This constraint is morepronounced for the students from disadvantaged backgrounds, girls and those coming from the more remote areas. The Foundation intends to provide scholarships to support such students.
How will the Foundation provide for the scholarships?
The scholarships will be funded through earnings/principal drawdown from a corpus created with contributions from the Alum and Faculty of CESP and paid directly to the selected students. The scholarship amount will seek to cover hostel and mess charges. It will be disbursed at the beginning of every month for four semesters. The amount paid out as scholarships would be at least 90 per cent of the total expenditure of the Foundation. The Trustees and Members of the Managing Committee of the Foundation will not be paid for their involvement.
The corpus will be invested strictly in line with provisions of the Income Tax Act as applicable to charitable trusts.
How will the recipients be selected?
The selection of the recipients would be made based on marks/rank attained by the applicants in the Admission Test and family income. However, if more than one admitted student with the same rank/marks are tied for the last spot(s) in the list(s) of selected students, preference will be given to the girl student. Government rules on reservations would be applicable for scholarships, subject to family income ceiling.
The continuation of the scholarship in second, third and fourth semesters will be contingent on admission to the relevant semester(s) as per JNU rules.
When will the Foundation seek the contributions?
Contributions would be sought from the Indian Residents and Non Residents with a NRO Account, June 2024 onwards. Contributions would be sought from Non Resident Indians with NRE accounts/non INR denominated accounts and from Non Indian Alumni post receipt of FCRA approval and opening of an appropriate bank account. Foundation has already applied for an FCRA account.
When will the Foundation start disbursement of Scholarships?
Students who have (a) joined the programme in academic year 2023-24 will be considered for their third and fourth semesters, and (b) been admitted in 2024-25.
Will the contributors receive Income Tax benefits?
Yes. All Indian Income Tax paying contributors will be eligible to receive a tax set off since the Foundation has received a provisional registration under section 80G of the Income Tax Act. [PAN AAETT8053E; TAN DELT22946A]
Will the Foundation be eligible to accept contributions from non-resident alum?
The Foundation has applied for registration under FCRA.
Would the records of the Foundation be available for public scrutiny?
Audited Accounts and Annual Reports, as approved by the Board of Trustees of the Foundation, will be available on the website of the Foundation. All contributors will receive a soft copy of the Audited Accounts and Annual Report on request.