Milaap, India’s largest crowdfunding platform, in collaboration with Internshala, the country’s leading internship and training website, has launched an initiative titled ‘Sapno Ki Udaan’. The objective is to provide financial assistance to students who want to pursue higher education but may not have the adequate resources to do so. Indian and international students studying in India and Indian students studying abroad are eligible to apply for this scholarship.
For the top 10 fundraiser submissions, Milaap said it will ensure a guaranteed scholarship of a minimum Rs 50,000 each. The remaining entries get funds for their education through crowdfunding. Internshala added it will help spread the word among the student community as the outreach partner.
“Education, as a crowdfunding category, is getting popular. Students are availing the debt-free financial support they need from their families and communities by means of online fundraising,” Anoj Viswanathan, co-founder of Milaap, said. “Take the example of Sai Venkatesh, a promising CA aspirant. His poor father was unable to fund his education. An online fundraiser was started for him by his father’s friend Narsing Rao. The fundraiser on Milaap gained 6.4K shares on Facebook. He is now steps away from his goal amount.”
Viswanathan shared another example of a student named Ayush who wanted to study at the Massachusetts Institute of Technology in the US. “Although Ayush had a scholarship from MIT for tuition fees, he lacked the means to travel abroad or stay. A fundraiser was set up by Mumbai-based test prep start-up Avanti Centre of Learning, where he was studying. The campaign collected Rs 4.38 lakh of the target amount of Rs 5 lakh.”
“One thing that stands between talented students and their dreams is financial constraint. We envision a solution to this through online fundraising,” he added.
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Sarvesh Agrawal, the founder & CEO of Internshala, added, “Through this initiative, we hope to reach out to those students who have genuine passion for learning.”