Muthoot Finance Ltd, a gold loan company's Corporate Social Responsibility (CSR) wing Muthoot M George Foundation inaugurated it's educational initiative 'Muthoot M George Excellence Awards distribution 2016' for 400 government schools in Karnataka recently. The educational initiative is a part of one of the CSR activity undertaken by the company.
The Excellence award for 2016 was inaugurated and distributed by Mr. Srinivas Murthy A, MLA along with Mr. George M Alexander, Director, The Muthoot Group. The other officials present during this occasion include Mr Babu John Malayil, DGM Corporate Communications Muthoot Finance Ltd, Mr. Sobhit Bhaskaran, Zonal Head, Muthoot Finance Ltd, Bangalore along with PTA members, Students and Parents.
This scholarship will benefit students of 400 Government schools and consists of a cash prize of Rs.3000/- with a certificate duly signed by Educational Officer and Chairman of Muthoot M George Foundation. The scholarship award was launched in the year 2010 to the toppers of govt schools in Kerala, later in 2013 it got extended to state of Karnataka, Telangana and Andhra Pradesh. The selection of the scholarships is based on the list of rank holders prepared of various govt. schools in consultation with District Educational Offices.
Speaking on this occasion Mr. George M Alexander said, "This year we are planning to distribute scholarships to 400 govt. school students in Karnataka as we felt that we should encourage the children from the deprived class, who constitute the main student population of Government schools and support. We will remain duly committed towards our commitment to the community through coming up with various corporate social responsibility in the near future."
About The Muthoot Group:
The Muthoot Group's business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.
About Muthoot M George Foundation
Muthoot M George Foundation is, named after Late M George Muthoot, the Founder chairman, of the Muthoot Group, and started functioning in the year 1993. The Foundation's activities include support to the poor for their medical treatment, marriage of girls & education of children. Also it has projects to encourage Medical Research, and environment friendly life.