The award has been instituted with crowd funding sourced from the alumni. About 120 IIT Kharagpur alumni from all over the world and India donated for this award since its launch.
Jyoti Agrawal, Jyotisman Das and Rathin Singha from the Department of Computer Science and Engineering received the fellowship on the occasion of the Annual Alumni Meet held during the day.
"The concept of Learn-Earn-Return is to support a student and enable him/her with the vision of extending similar support as an alumnus towards future generations of students at IIT Kharagpur. So it's a full circle of life which LER represents" said IIT Kharagpur director P.P. Chakrabarti.
"LER is unique in the way that it enables us to meet various expenses of students associated with academics and research projects. I have taken the pledge to give back to my alma mater as I grow in my life" said Das.
Each of the students will receive Rs 10,000 per month for four years as cash award.
From second semester onward the recipients would have to maintain a Cumulative Grade Points Average (CGPA) of 9.
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