Nagmani Kumar

Nagmani Kumar

Native Place: Sitamarhi, Bihar

Academic Record: 6.81/10 and 6.93/10 [5th and 6th semester].

Attendance Record: 81% and 83% [5th and 6th semester]

Fees: Rs. 80,500 per semester.

The candidate’s father passed away in July, 2019 leaving behind his wife, who is a homemaker and five children, all of whom are studying and are below the age of 20 except Nagmani. Two of them completed their school education and are preparing for the Medical Entrance Examination on their own. Their family’s Annual Income is Rs.60,000 as disclosed by ITR 2020-21 and at present, there is no other source of income in their family, and they are struggling to meet their daily expenses. The family was helped by the candidate’s grandfather, who is a farmer, to some extent. But, that wasn’t enough to cover up the whole family’s expenses, forcing them to avail too many personal loans at high interest rates.

The candidate had taken an educational loan of Rs. 6 Lakhs from SBI and it is difficult to add on marginal money to pay fees as there is no source of income. The family lives in their only property, and the same was mortgaged by his father for Rs. 7.5 Lakhs as the family’s economic condition was depleting. There is constant pressure from the bank to pay the business loan amount with interest. Due to the inability to pay, there is a possibility for the bank to proceed with an auction of the said property as the bank has served a 13(2) notice and a Possession notice under SARFAESI Act. The family is forced to repay the loan by September 2020. Nagmani admits that five of them are unable to concentrate in their studies, as their economic hardships pose a threat to the continuation of studies and the fear of dropping out from the University.

The Candidate is an active member of the Legal Aid and Awareness Committee of their University, and is also a content editor at The Criminal Law Blog of the university. He has interned in various courts and will be representing the university as a Researcher in Ian Fletcher International Insolvency Moot Court Competition, 2020. If not given this scholarship, the Candidate will have to take a personal loan for margin money from his locality at a high-interest rate, and will be forced to work on a part-time basis to pay back such loans.

Due to these Financial hardships, the Foundation awarded him a scholarship of Rs. 1,50,000/- last year.

Nagamani, despite all his hardships, has shown us that impediments can become impetus depending on the attitude of the individual. Not only has he fulfilled the required criteria but also proved himself to be an effective example for the fellow Scholars hence we are proud to shortlist him under the ‘Extreme Hardship’ category of the Eklavya Scholarship.