Kochi, February : Muthoot M George Foundation, the CSR wing of Muthoot Finance Ltd, today felicitated talented students with Scholarships to pursue their professional education. Scholarship will be provided to students studying MBBS, Engineering, BSc Nursing and B.Com. (Hon) Water Resource Minister, Mr. Mathew T Thomas launched the Muthoot M George Higher Education Scholarship.
Prof. (Dr.) Kuncheria P. Isaac, Former Vice Chancellor, Kerala Technological University distributed the scholarship to the deserving students. Mr. George Alexander Muthoot, Managing Director, The Muthoot Group presided the event.
The event was held today in Kochi in the august presence of Prof. K V Thomas, Member of Parliament, Dr. A Unnikrishnan, Principal, Rajagiri College, Prof. Dr. Ramkumar, Principal ,MITS, Sr. Dr. Celine E (Sr.Vinitha), St. Teresa's College, Ernakulam, Dr. Haneesh, General Hospital Ernakulam, Dr. Junaid, Former Director, Govt. Medical College, Ernakulam, Shri. K Mohammed Y Safirulla IAS, District Collector, Ernakulam, Dr. Usha Marath, Principal, Lissie College of Nursing, Ernakulam, Mr. V A Joseph, Managing Director & CEO, South Indian Bank, Mr. K P Padmakumar, Former chairman of Federal Bank & wholetime director, MVFL and Mr. John Paul, Independent Director, Muthoot Finance Ltd.
Mr. George M Alexander said, “We bestowed Scholarships to 40 deserving achievers to nurture and encourage the young minds. We remain duly committed to the community with various corporate social responsibilities in the near future.”
Once the candidate is selected he/she will be entitled to the scholarship every year till the completion of the course, subject to the relevant terms and conditions. The projected financial outlay for the scheme is as follows.
From the 4th year onwards the financials will be the same, every year
The scholarship is awarded on the basis of their qualifying examination (+2 examination). Students who secure 80% or equivalent grading in the qualifying examination and whose family income is below Rs. 2 lakhs per annum are eligible for applying the scholarship. The candidate should also qualify in the relevant Entrance Examination and obtain admission in a recognized educational institution.
The selection procedure for the scholarship was
- Applications were invited through press release
- 400 applications received
- Shortlisted 20 applications in each category based on +2 mark list
- Verification reports collected from respective colleges
- Field verification conducted to know their financial background
- Selected 10 candidates from each category for scholarship, a total of 40 candidates
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.
Today, The Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 129 years. The formidable business empire comprises of 18 divisions including Financial Services, Wealth Management, Money Transfer, Forex, Securities, Vehicle & Asset Finance, Media, IT, Healthcare, Housing & Infrastructure, Education, Power Generation, Leisure & Hospitality, Plantation & Estates, Precious Metals, Travel Services, Housing Finance & Overseas Operations.
Muthoot Finance, the flagship company of the Group, is today a ‘financial supermarket’ providing a bouquet of financial services including Insurance, Foreign Exchange, Money Transfer, Gold Coins, Demat Account, Debentures (NCDs), PAN Card, Travel Services and Muthoot ATMs, besides Gold Loans – all under one roof.
Headquartered in Kochi and having its Corporate Office in New Delhi, the company operates through a network of +4500 branches/group offices across 26 Indian States &Union Territories. Globally, it also has its presence in USA, UK, UAE, Central America and Sri Lanka.
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. The activities of the Foundation are broadly divided into four, as be
- Muthoot Environment Research Foundation: To conduct advanced study in Environment preservation & Environment friendly growt
- Projects in the public interest
- Relief & Rehabilitation works during and after Natural Calamities & Disasters
Supporting the poor and underprivileged in their miseries in the form of Medical treatment, Marriage of Girls, Professional education of their children etc.