This document proposes a go-kart design challenge event organized by the SAE Collegiate Club of ITM University, Gwalior. The event will have two rounds: a virtual round where teams submit designs and presentations, and a dynamic round where teams demonstrate working go-kart models. The event aims to give engineering students real-world design experience and stimulate entrepreneurship. It will provide certificates and prize money to winning teams. The organizers outline event timelines, describe the evaluation criteria and rounds, and provide a budget of approximately 2.1-2.5 lakhs to cover prizes, certificates, promotions and operating costs. Sponsorship and team registration fees will fund the event budget.