Setting up a fundraiser on Milaap is FREE. There are no upfront or fixed fees. There are no time limits or minimum amounts to be raised as well.
For winners: Students who qualify among the top 10 as winners will receive a minimum guaranteed amount of INR 50,000 each. If his/her campaign raises an amount of more than INR 50,000 - deduction of 12% platform and marketing promotion fees and payment gateway fees of 2% fees would be applied on the amount raised.
For others: For all other students, a deduction of 5% platform fees and payment gateway fees of 2% on the funds raised will be applied by Milaap.
| Amount Raised | Fees | PG Fees | ST | Available for Withdrawal | Additional scholarship | TOTAL |
Example 1 | 50,000 | 6,000 | 1,250 | 900 | 41,850 | 8,150 | 50,000 |
Example 2 | 55,000 | 6,600 | 1,375 | 990 | 46,035 | 3,965 | 50,000 |
Funds raised would be transferred either to the students’ individual bank accounts upon submission of bills/invoices/fee challan or directly to the institution.