|
| FINANCIAL MANAGEMENT FOR THE YEAR 2011-2012 |
Kalinga Institute of Social Sciences (KISS) was started in the year 1993 with just 125 tribal students. With the growth of KIIT Group of Institutions, KISS has also grown as the biggest residential tribal institute of the country. KIIT is the backbone of KISS. Total 5% seats in professional education programmes of KIIT University are reserved for meritorious students from KISS. Now, 16,500 tribal children of 62 tribes, including 13 primitive tribes, are pursuing their education from Class-1 to post-graduation levels in KISS, out of which 1500 students from KISS are pursuing higher professional courses in different years in KIIT University. The sources of income of KISS are as following :
|
 |
As per the resolution passed by the KIIT Society, 5% of the total turnover of KIIT Group of Institutions amounting to Rs. 16.00 crores (approx.) is donated to KISS as a charitable work/social responsibility. |
|
As per the statutory rules of the KIIT University, each and every staff contributes 3% of his/her gross salary to KISS amounting to Rs. 3.50 crores (approx.) for welfare of tribal children in KISS. |
|
The Contractors/Vendors of KIIT Group of Institutions are contributing 2-3% of their profits to KISS amounting to Rs. 3.50 crores (approx.). |
|
The guardians of the students pursuing education in KIIT and well-wishers contribute benevolently for this noble cause amounting to Rs. 3.00 crores (approx.). |
|
Grants received from Ministry of Tribal Affairs, Government of India towards diet expenses for 5000 students of KISS amounting to Rs. 5.38 crores (approx.). |
|
Donations received from different organizations, corporate houses like Give India amounting to Rs. 4.00 crores (approx.). |
|
Sale of vocational products produced by KISS amounting to Rs.2.00 crore (approx.). |
|
Total expenditure for the year 2011-12 is Rs. 37.18 crores. |
|
|
All these are possible because of dedication, transparency and honesty maintained by its Founder, Dr. Achyuta Samanta. He is a bachelor and nobody will find any movable or immovable property anywhere in his name. |
|
|
