Muthoot Finance Invests ₹5 Crore in Rural Education Initiative
Muthoot Finance launches a school in Tamil Nadu to provide quality education to underserved communities. The initiative is part of their CSR efforts, focusing on inclusive education and social development.
Muthoot Finance has inaugurated the Muthoot Kalaivani Nursery & Primary School in Theyyar Village, Vandavasi, Tiruvannamalai, Tamil Nadu. This initiative underscores the company's commitment to inclusive education and social development through its CSR programs. The school aims to provide quality education to children in rural areas.
The company has invested ₹5 Crore in the construction, infrastructure, and operational support of the school. This aligns with Muthoot Finance's CSR strategy, which allocates over 60% of its funds to education, alongside health and environmental initiatives.
The inauguration ceremony was attended by Shri M.S. Tharaniventhan, Member of Parliament, and other dignitaries. Shri George M. George, Deputy Managing Director of Muthoot Finance, emphasized the importance of education in building strong, self-reliant communities.
The school, spread over 5.25 acres, is affiliated with the Tamil Nadu State Board and will initially accommodate 250 students. It plans to expand to higher levels, eventually serving over 1,000 students. Hand in Hand India, a national NGO, will operate the school, which began construction with a Bhoomi Pooja on February 19, 2024, and is now open for admissions starting June 2025.
This initiative reflects Muthoot Finance's dedication to driving holistic, sustainable change and empowering future generations through education.