By Guneshwar Mahato | Project Leader
Rotary Club of Narayangarh has initiated an endowment fund for the 10 poor and talent students studying in classess 1-12 of Chitwan and Tanahu districts of Nepal by targeting to raise around 5,000 USD. It has reached about 900 USD (18% of the target). RC Narayangarh has already established an endowment fund by opening a fixed deposit account in Shine Resunga Development Bank, Narayangarh branch in Chitwan. The agreed interest rate of the FD is 8.0%. The club hs also started to draft a scholarship distribution guideline in the chairmanship of Mr. Dipendra Shrestha. One the full target is met, the club will distribute (i) school uniforms (ii) school bag (iii) stationaries and (iv) shoes to 10 poor and talent students selected from various governmental schools. A students selected for this scholarship will get these materials support till he/she passes class 12th. Once he/she passes out standard 12th, then next student will be selected for the same support each year, and this way, the fund will be life-long support to the poor students.
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