KC Mahindra & Govt of Rajasthan to sponsor Nanhi Kalis

Published on Mon, Aug 14, 2006 at 19:08 |  Source : Moneycontrol.com

Updated at Mon, Aug 14, 2006 at 19:29  

41808 Investors following Mah and Mah. Share this News with them.
0
0
Share on Tumblr

ALSO READ

Other Stocks in this news

Mahindra & Mahindra Financial Services |

The KC Mahindra Education Trust has entered into a tie-up with the Government of Rajasthan to sponsor the education of 10,000 Nanhi Kalis in Udaipur. The project will be implemented by K. C. Mahindra Education Trust in collaboration with its partner, Naandi Foundation at the grass root level. Nanhi kali is a special project jointly managed by K. C. Mahindra Education Trust and Naandi Foundation, aimed at providing education to the underprivileged girl child in India.

 

Expressing delight on this tie-up, Mr. Keshub Mahindra, the Chairman of the K.C. Mahindra Education Trust and Chairman, Mahindra & Mahindra, said, "The KC Mahindra Education Trust aims to provide education to the underprivileged girl child under the aegis of Nanhi Kali, and has till date supported over 15,600 Nanhi Kalis, apart from providing more than Rs. 13.55 crores in the form of grants, scholarships and loans to needy students,. This tie-up with the Government of Rajasthan is both historic and momentous as it cements the growing public-private relationship in altruistic projects."

 

The cost of sponsoring the education of an under privileged girl child per annum per child is Rs. 1,800/-. While the Government of Rajasthan will bear 50% of the cost, K. C. Mahindra Education Trust has raised resources for this from the Mahindra Group of companies including Mahindra & Mahindra Financial Services Ltd. for the balance 50%. As a result of this partnership, 10,000 under privileged girls studying in Std. I to VIII in Udaipur will receive not only direct support in the form of uniforms, notebooks etc. but also academic support under the Nanhi Kali project. The K. C. Mahindra Education Trust will provide profiles and photographs of the child along with her photograph and will also regularly monitor her academic progress.

 

The K. C. Mahindra Education Trust is part of the Mahindra Group, which has always been conscious of its Corporate Social Responsibility. The Group-wide belief is that CSR encompasses making socially responsible products, engaging in socially responsible employee relations and making a commitment to the community around. It is basically about managing our business processes to produce an overall positive impact on society. Recognising the potential that education holds for transforming lives for the better, the Mahindra Group has chosen education as its prime CSR focus area through initiatives like the Nanhi Kali project which supports education of the girl child. The Group has also been involved in various CSR activities beyond education. In this 60th anniversary year, the Group plans a thrust on CSR by which it can reach out and transform many more lives. It has made a commitment to dedicate 1% of its PAT towards CSR and has launched a unique kind of ESOPs called Employee Social Options, which will enable Mahindra employees to volunteer and involve themselves in socially responsible activities.

 

Sourced From: Adfactors Public Relations Pvt Ltd

 

  

Trending News

Business News

Apple will give out a free app a week; App Store will update
Reebok execs named in Rs 870 cr fraud denied anticipatory bail "Reebok execs named in Rs 870 cr fraud denied anticipatory bail"

Kolkata Knight Riders win maiden IPL title

CNBC-TV18 ALERT South Korean Markets Shut Today

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 27 2012, 11:52 | Source: CNBC-TV18

Expect to maintain EBIDTA margin ahead: Wockhardt  

May 27 2012, 11:00 | Source: CNBC-TV18

e-commerce market in India: What's in store?  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!