The Malabar Group, a prominent Indian business conglomerate and the parent company of Malabar Gold & Diamonds has announced flagship scholarships for over 21,000 female students, highlighting its commitment to women's empowerment. The initiative aims to support female education, particularly for underprivileged students, by providing financial assistance to bridge the education gap and create more opportunities for them.
The Malabar Group's National Scholarship Programme for 2024, a flagship CSR initiative, has allocated Rs. 16 crore to support the education of over 21,000 girl students across India. The announcement was made at an event organized at Bharat Diamond Bourse, BKC, Mumbai which was inaugurated by Minister of Commerce & Industry, Mr Piyush Goyal. Top leaders, including MP Ahammed, Asher O, Abdul Salam K P, Nishad AK, and Shaunak Parikh attended.
Malabar Group, founded in 1999, is committed to inclusive growth through social welfare activities. Its CSR initiatives include education, healthcare, environmental sustainability, and poverty alleviation, with a focus on marginalized communities. The Malabar National Scholarship Programme was launched in 2007 and has provided financial aid to over 95,000 girls so far with an aim to uplift communities and future generations.
In addition to this, the Malabar Group is committed to several other CSR projects that aim to eradicate hunger, poverty, gender inequality, and discrimination in society offering medical aid, housing construction support, and financial assistance for women's marriages. Through its Hunger-Free World Project, it ensures food security for all. It distributes nutritious meals to underprivileged communities and serves 100,000 people daily at 200 centres. The group also launched the Grandma Home project which provides free accommodation to destitute women.
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