Malabar Group, the father or mother firm of Malabar Gold & Diamonds on Friday introduced scholarships of ₹16 crore to assist the training of over 21,000 lady college students throughout India.
The announcement was made at Bharat Diamond Bourse, BKC, Mumba to mark the Group’s flagship CSR initiative, the Malabar Nationwide Scholarship Programme, which underscores its dedication to supporting ladies’ training.
The occasion was inaugurated by Piyush Goyal, Union Minister for Commerce & Trade.
MP Ahammed, Chairman, Malabar Group, stated, “Training is essentially the most highly effective device to alter the world. Our scholarship programme is a direct reflection of our deep-rooted perception that training unlocks alternatives and transforms lives.”
“We’re dedicated to eradicating limitations for younger ladies to allow them to fulfil their instructional aspirations and contribute meaningfully to society,” he added.
The group allocates 5% of its earnings to CSR initiatives, which span training, healthcare, environmental sustainability, and poverty alleviation, with a specific deal with empowering marginalised communities.
The Malabar Nationwide Scholarship Programme, began in 2007, stands as a flagship initiative underneath its CSR framework. Up to now, over ₹60 crore has been invested within the programme, offering monetary help to greater than 95,000 lady college students throughout India, the Group stated.
By specializing in ladies’ training, the Group goals to uplift not simply people however total communities, guaranteeing future generations are geared up with the instruments for social and financial progress, it stated.
Along with the scholarship program, the Group’s Starvation-Free World Undertaking offers nutritious meals to the underprivileged in India.
“At the moment, 50,000 meals packets are distributed day by day in 80 cities throughout 16 states in India. Moreover, 10,000 meals packets are supplied day-after-day to highschool college students in Zambia,” the group stated.
It goals to scale the challenge to serve 100,000 individuals day by day at 200 facilities. The Starvation-Free World Undertaking is being applied in collaboration with the Thanal, a voluntary organisation, which is lively in social service.
The Group has additionally began the Grandma House challenge, which offers free, absolutely geared up lodging for destitute girls, providing them safety and care.
At the moment, houses are operational in Bengaluru and Hyderabad, with plans to broaden to main cities in Kerala, in addition to Chennai, Kolkata, Delhi, and Mumbai, the group stated in a press release.
The Group’s CSR initiatives aimed toward uplifting marginalised communities embrace medical help for the underprivileged, assist for housing building, and monetary help for the marriages of girls in want.
Up to now, the Malabar Group stated it has invested over ₹263 crore in varied social accountability initiatives.
Printed – September 27, 2024 09:47 pm IST
