1. Budget Renewal Presentation (2014- 2015) - ISHA EDUCATION, COIMBATORE DISTRICT TAMIL NADU MEGHA MANJUNATH (STEWARD)

2. Follow up with Last meeting 1. Email confirmation – “ Permission to allow pictures of children to be posted on our webpage “ 2. Email confirmation – “ Permission to link Isha Vidhya webpage to our project page “ 3. Upload all documents to Asha project page ( http://www.ashanet.org/projects/project- view.php?p=933 )http://www.ashanet.org/projects/project- view.php?p=933 4. Budget proposal – enclosed in the presentation 5. Uniform Metric conversion 6. Site Visit

3. Site Visit Update: In contact with Nirmala (One of the volunteer from Asha) her Nephew will be able to make it to the site visit to the Isha Vidhya school near Coimbatore. Spoke with Vinod Hari ( Project coordinator) We can even visit the schools near to Chennai ( 3 hours journey from Chennai - Villupuram School and Cuddalore School) In contact with my Family to arrange a site visit

4. Scholarship There are four options available to a donor: 1) Full educational support (Rs.20,000 / $480 / £300 per year) covers tuition, books, note-books, nutritional health supplement, noon-meal, transport and uniform. 2) Scholarship program (Rs.10,000 / $240 / £150 per year) which covers tuition, books, note- books and health supplement. 3) Transport Subsidy (Rs.5,250 / $126 / £79 per year) 4) Noon-meal Subsidy (Rs.3,000 / $72 / £45 per year) Asha supports Scholarship program ( Rs10,000 scholarship per Kid ) Asha has been supporting Isha vidhya from past 7 years.

5. Size of the project First School Start Date – Jun 2006 # of Schools - 9 # of Students - 5820 Girls : boys - 47 : 53 # of Teachers – 287 # non-teaching staff - 191 Average Income of Parents –Rs 5000/month ($ US 105/GBP 66) 58% of students on Scholarship (some are fully supported, some pay for transport & uniforms, some a small amount for food)

6. Project Growth ( why scholarships are important? – see the comment )

7. Isha Vidhya Supporters

8. Funding Requirement

9. Budget Proposal for Asha 1.Scholarship program – Rs 10,000 per kid/ $166.67 per Kid 2. Fixing the rate as $1 = Rs 60, Isha Vidhya needs support of Asha to raise funds for 80 kids through the scholarship program. i.e. 80 * 166.67 = $13,333.6 * Exchange rate that they get after bank commissions will be only Rs 57 per dollar, when quoted rate is 60 * Hence after all bank charges we need to provide them Rs. 8,00,000 Budget proposal for 2014-2015 year quoted : $14,036 i.e. $175.45 per kid 3. Last time we allocated $14,934. ( Because we had to take into account of extra 2 students who got left out due to 20% budget cut in 2012-2013 )

10. Budget Proposal for Asha 4. Scholarship fee will cover the tuition, notebooks, textbooks and nutritional health snacks but does not include noon-meals and transportation fees. 5. Isha Vidhya is unable to meet the demand even with growing supporters. They want us to support them with the new initiative called Govt. School Adoption project. They have already adopted 40 schools all over Tamil nadu state. 6. Can we support more students for scholarship program ? Reason 1: 400 more children has been admitted this year Reason 2: Only 32% of the scholarship requirement has been met 7. Can we help them towards Govt. School Adoption project ?

11. Necessity of Funding explained– part 1 1. Total Current Budget is Rs 14.89 crores, Isha Vidhya has fallen way short of funds every year, year after year. 2. Total funds raised by Isha was only Rs. 7.44 crores out of 14.89 crores (US$ 1.305 million) 3. After meeting all operating costs, Isha always end up postponing the construction of classrooms needed to complete the schools. 4. Currently children are in their 10 th standard. Std.(first batch). This year, they have to necessarily complete the classroom construction for 11 th and 12 th standard for students which means they need the complete infrastructure ready ( classroom, facilities, working Labs and materials) to get the permission from the government. 5. A total of 42 classrooms has to be constructed which imposes a heavy Capex burden this year (Capital expenditure)

12. Necessity of Funding explained– part 2 6. 400 more children has been admitted this year 7. Only 32% of the scholarship requirement has been met till now 8. Govt. school adoption budget is Rs. 13 million( An additional expense this year on top of the others) 9. Only 42% of the students pay tuition & book fees. 10. The remaining 58% who are on scholarship don’t pay these fees. If they use school transport, they pay bus fees (which are charged on a break-even basis) Those who have the noon-meal provided by the school pay a highly subsidized Food Fee (Rs. 5.50 per meal compared to cost per meal of Rs. 17.50)

13. Necessity of Funding explained– part 3 11. Teacher Retention problem : Almost 33% of the teachers drop every year and join Govt.jobs, or get married or start a family. (Raised Rs. 7760 per teacher per month compared to Rs. 5930 last year.) 12. Most of these children would not be able to continue studies in our school without scholarship. They are admitted with the understanding that they will continue to get the scholarship for full 14 years from LKG to 12 th continue to meet the scholarship eligibility criteria. 13. Isha is renting the buses/vans to provide transport facility for children. It would be much cheaper ( about 30-35% ) if they get their own transportation facility. 13. This is the most crucial year for funding and they absolutely need support from Asha and has requested Asha to continue their sponsorship !!

14. Further plan 1. Planning to create a Facebook page to make it more collaborated between Asha, California and Isha Education. 2. We can elaborate our support with tips/suggestions in the page - Isha Vidhya and Asha both raise funds by organizing marathons/ Sevathon – Suggested by Vinod Hari

15. Thank You ! Any Questions?