Project Title
To establish ‘Rajarshi ANM College’ at Nawabad, P.O: Rasapunja, Bakhrahat Road, West Bengal, Pin: 700104.

Introduction

The proposal aims to establish an ANM college in West Bengal to provide quality education and training to 40 students per year, addressing the shortage of skilled nursing professionals in remote villages in West Bengal.

Objectives

  1. To provide quality education and training to ANM students
  2. To improve healthcare services in the remote villages of West Bengal
  3. To enhance the employability of ANM graduates
Project Details
  1. Course: ANM (Auxiliary Nurse Midwife)
  2. Intake: 40 students per year
  3. Duration: 2 years
  4. Curriculum: As per the Indian Nursing Council (INC) guidelines
  5. Infrastructure: Classrooms, library, laboratory, hostel, etc.
Infrastructure Requirements
  1. Classrooms: Well-equipped with audio-visual aids
  2. Library: Collection of books, journals, and online resources
  3. Laboratory: Well-equipped for practical training
  4. Hostel: Accommodation for students
Faculty Requirements
  1. Principal: Qualified and experienced nursing professional
  2. Faculty: Experienced professionals with specialisation in ANM
Budget Estimate

The budget estimate will include:

  1. Infrastructure development: Construction/ renovation of Buildings, equipment, furniture, etc.
  2. Faculty and staff salaries: Principal, faculty, and support staff
  3. Student expenses: Hostel, mess, uniforms, etc.
  4. Miscellaneous: Library books, stationery, etc.

Total Budget for ANM College for 40 (Forty)students.

Initial Investment
  1. Infrastructure development, except buying the Land (Rajarshi Ngo has leased land of more than 30,000 sq. feet): Rs. 1 cr.50 Lakhs.
  2. Equipment and Furniture: 20 lakhs.
  3. Faculty and Staff recruitment: 10 Lakhs.

Initial investment, in total: 1.8 crores.

Total Annual Expenses:
  1. Faculty and staff salaries: Rs. 50 Lakhs.
  2. Maintenance and Utilities: Rs . 10 Lakhs.
  3. Marketing and Advertising: Rs. 05 Lakhs.
  4. Miscellaneous expenses: Rs . 05 Lakhs.

Total Annual Expenses: 70 Lakhs.

Total capital investment required to start the ANM college: 1.8 crores+0.7 crore=2.5 crores.

Fee Structure :
  1. Tuition fee: 01 Lakh per year per student.
  2. Hostel Fee: 50,000 per year per student.
  3. Other fees: 20,000 per student per year.

Total fee per student: 1.7 Lakh per student per year.

Total Revenue :
  1. 140 students×1.7 Lakhs per year.68 Lakhs.
ROI (Return on Investment) Calculation

Total Initial Investment: 2.5 crore and Annual Revenue 68 Lakhs, the Annual ROI would be: 0.68/2.5x10 =27.2 % per annum.

Break-even Analysis:

Annual expenses of 68 Lakh; the break-even point would be: 2.5 / 0.68 =3.68 ~ 4 yrs.

The calculation indicates that the institution would break even within 04 years, considering the estimated revenue and expenses.

Expenses and fee structure: The Institution can adjust its fee structure and expenses to ensure sustainability and Profitability.

Some possible strategies include :

  1. Increasing tuition fees: Adjusting fees to match industry standards or increasing them gradually.
  2. Reducing expenses; Optimising salaries, maintenance and marketing expenses.
  3. Scholarships and financial aid: Offer scholarships to attract meritorious students.

By carefully managing expenses and revenue, the institution can ensure a positive ROI and long-term sustainability

  1. Establish infrastructure: Construction of buildings
  2. Recruit faculty and staff: Principal, faculty, and support staff
  3. Admissions: Start admitting students
  4. Academic program: Implement curriculum and start classes
Conclusion

The establishment of ‘Rajarshi ANM College’ at Nawabad, P.O: Rasapunja, Bakhrahat Road in West Bengal will address the shortage of skilled nursing professionals, improve healthcare services towards remote villages, and enhance the employability of ANM graduates.

Please note that this is a basic outline, and it needs to provide more details and specifics according to the requirements and the guidelines of the relevant authorities. Additionally,this needs to be consulted with experts and a feasibility study conducted to ensure the project's success.