Industrialist Anand Mahindra, who is governor of the UWC (United World College) Mahindra College, and investor Shelby Davis have jointly announced a scholarship fund of $12.5 million for students who hail from a modest background.
The fund will be handed out over the next five years which will help bright students get access to UWC education. Four second-year students at each UWC College will be named Davis-Mahindra International Scholars. The Mahindra group has promised Rs 6 crore over five years for UWC students, half to Indian students and the other half to international entrants.
Shelby Davis has committed to provide $1.5 million each year of which $1 million will be additional funding for Davis Scholarships which support over a 100 American students to attend UWC colleges. He will also continue to give half a million dollars which he does every year for Davis International Scholarships.