What does a college do when it needs funds urgently for some major refurbishing? For Shri Ram College of Commerce, all it took was a few calls to illustrious alumni.
The alumni association of the college came together to raise funds to improve its infrastructure. In a little over a month, the college was able to raise over Rs 1 crore with help from just 17 top alumni.
The money will help SRCC refurbish classrooms, provide air conditioning in several lecture and tutorial rooms, retro-fit its structure and install a broadband network.
Big names like lawyer and BJP general secretary Arun Jaitley, Bharat Hotels CMD Jyotsna Suri, Punj Lloyd CMD Atul Punj, Max India boss Analjit Singh, Yadu Hari Dalmia, vice chairman of Dalmia Cement (Bharat) Ltd and Abhishek Dalmia of Renaissance are among those who have come forward to help their alma mater.
“We have tied up with a French university for an exchange programme. We are called the best commerce college in India, but our classrooms needed to be better equipped. If you are opening up to international students, you need to meet world standards in every respect. Each alumnus has contributed Rs 6 lakh,” said principal PC Jain. The college is also buying LCD projectors and laptops.
Here is one revenue model that other cashstrapped colleges can try following.