Power Grid Corporation Contributes INR 10 Cr To IIT Madras For Students’ Scholarships

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Power Grid Corporation Contributes INR 10 Cr To IIT Madras For Students’ Scholarships

According to recent reports, the Indian Institute of Technology, or IIT Madras, has collaborated with the Power Grid Corporation of India to launch a scholarship programme. The programme is focused on providing aid to meritorious B.Tech students from Economically Weaker Sections.

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So far, Power Grid Corporation of India has contributed INR 10.5 Crore in this scholarship fund. The contribution is part of Power Grid Corporation of India’s CSR initiatives.

A Golden Opportunity For EWS Students

This fund will support deserving students as well as cover their tuition fees through merit-cum-means scholarships at IIT Madras. According to a release by the institute, this has been the highest single contribution received for scholarships by IIT Madras under CSR in 2021-22.

@iitmadras is partnering with @pgcilindia to launch a scholarship programme for meritorious B. Tech students from economically weaker sections. This will help deserving students at #IITMadras, covering their tuition fees through merit-cum-means scholarships. pic.twitter.com/X9ZDjtuF1p
— IIT Madras (@iitmadras) May 7, 2022

Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, and VK Singh, Director (Personnel), Power Grid Corporation of India signed a MoU on 7th April 2022 with the objective of implementing this CSR-driven initiative.

The funds will be used to help bright, young students so that they can complete their education without any financial barrier.

Response From Different Sources

“IIT Madras’ motto is to be an ‘Institute for all.’ Initiatives like the BSc degree programme and scholarships for deserving students, have made IIT Madras more accessible for everyone. The institute records its sincere thanks to Power Grid Corporation. IIT Madras is also planning to expand such scholarships to all technical institutions across the country”, said Mr. V. Kamakoti, the director of IIT Madras.

“The Corporation believes that scholarships can be one of the most direct ways to give back to the community. Due to increasing educational costs, students need financial assistance more than ever. Our Scholarship scheme demonstrates POWERGRID’s commitment to education and to the future of upcoming generations. I believe that this scholarship will make a real, significant impact on the lives of the benefitted students”, comments VK Singh (Director, PGC).

The 'Power Grid Endowment Scholarship' fund was launched to grant merit-based scholarships to B.Tech students from economically weaker sections. Every year, many deserving students from deprived backgrounds attend IIT Madras. The Power Grid Endowment Scholarship will enable these talented young people to continue their education without financial restrictions.

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A release from IIT Madras commented, “This scholarship programme will carry a special focus on women students from economically weaker sections with an aim to encourage women in STEM (Science, Technology, Engineering and Mathematics). This scholarship programme helps in amplifying IIT Madras’ principle of being an inclusive institute for students from all economic sections.”