Seed Corpus For Helping Poor Brahmins | Milaap
Seed Corpus For Helping Poor Brahmins
12%
Raised
Rs.5,96,933
of Rs.50,00,000
225 supporters
  • Rakesh

    Created by

    Rakesh Naik
  • vb

    This fundraiser will benefit

    various brahmin families

    from Hyderabad, Telangana

In this pandemic, I have been approached by many poor brahmin families esp priests, pandits, their supporting members and many others from lower economic background who are left to fend for themselves.

Already living hand to mouth existence on temples, honorariums and services they render in rituals and ceremonies these neglected community find no support in society.

The pandemic has put them to severe hardship resulting in many running into debts, begging and resorting to odd jobs.

Moved by their plight a couple of us brainstormed that a better way to help such families is by proving them some social security by way of creation of a large fund from donations. Raising money is a specialised activity and some of us from that background agreed to set a formal way to help poor brahmin families. This donation based seed fund will be used to get started for a formal corpus to be created further.

We plan to set up a formal trust, operations, technology and blockchain based model to be able to set up a security cover for poor brahmin families. The end use of the fund is purely for providing monthly pension like income, cater to emergency requirements, insurance, education of their kids, medical and housing.

The fund collected will be fully audited, administered by professionals with the highest standards of transparency and ethics. The seriousness is shown by revealing our identities for the cause we have espoused.

I shall be happy to provide any detail one has in this regard. Let us all help our brethren who need some backing from well-settled folks like us.

The intended end use of the fund are:

10 to 15% of the raise will go for:
1/set up a formal legal entry for brahmin welfare
2/put in a functional website
3/develop an application that is blockchain-based
4/form the initial operations team
5/start the regulatory paperwork for formal fundraise and FCRA approvals

10% for the advance activity:
1/budget the marketing funds for a further rise
2/identify service providers & vendors

75%-80% for cause-related disbursement:
1/help at least 20 to 30 families
2/showcase their stories

1/set up a formal legal entry for brahmin welfare - 10K INR (for trust deed, advocate charges, trust registration, pan card, bank account, stamps and seals)
2/put in a functional website  - 50K INR (design, logo, stationery, hosting, domain)
3/develop an application that is a blockchain based - 10 lacs INR [estimation from my understanding] (this is a web application that will be designed for bringing in blockchain concept to the website for dispersing the funds as we gain traction)
4/start the regulatory paperwork for formal fund raise and FCRA approvals - 1lacs INR [approximation]
5/budget the marketing funds for the further rise - 3lacs INR
6/help at least 20 to 30 families - 35 lacs or so @ 1 lacs per family or so.

Full transparency of funds used will be provided. 

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