Bishnudatta- Saraswati Angbuhang Academic Fund
The Limbuwan Study Center (LSC) has received endowment of NCR 3,000,000 (Approximately USD30,000) from Mr. Bishnu Dutta Angbuwang and his wife Ms. Saraswati Karki under their joint names as Bishnu Dutta- Saraswoti Angbuhang Academic trust fund. The endowment is expected to yield income of more or less NCR 160,000 per year. There is a provision that 10% of income from interest of that trust-fund requires to be added over the principal amount to make the endowment-fund ever increasing. Likewise, it has 10% spending limit for operation cost. Then, this would provide roughly NCR100,000 of available annual income for LSC to invest for accomplishing the mutual and determined objectives by both donor and LSC through this scheme. The endowment donors strictly have set condition to spend this money for two purposes – a) an academic award with Rs.100,000 in every two years to honor any writer for the best book publication and remaining portion of the income is supposed to expend for b) research grant on a merit-based or need-based scholarship. The designations of those awards are – (i) Bishnu Dutta- Saraswoti Angbuhang Academic award and (ii) Bishnu Dutta-Saraswoti Angbuhang research fellowship. For both awards, LSC requires to form a selection committee based on its sub-regulation related to Bishnu Dutta plus Saraswoti Angbuwang Academic Trust Fund-2016. The selection committee disseminates advertisement through media for above mentioned award and fellowship applications in due course of time. With the increase of income from this trust fund, LSC will revise the amount of awards accordingly.