On November 28, 2021 , amid a ceremony, Nepal representative of Development for Peace International, Gayatri Rimal handed over a check of around US $ 2000.00 to the authority of Ram Chandra Primary School, Betrawati, Nuwakot, Nepal. The purpose was to establish a scholarship fund in memory of Ira Acharya. The check amount will be deposited in the fixed account of the local commercial bank in the name of Ira Acharya Memorial Scholarship Fund . Scholarships will be awarded to the students in the basis of merits and economic condition from the interest earned by the principal amount deposited. The principal amount will not be used for scholarship award and remains in the account to earn interest again. By this mechanism, scholarships will be awarded every year.