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.
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|
Funds raised would be transferred either to the students’ individual bank accounts upon submission of bills/invoices/fee challan or directly to the institution.