Malabar Group Announces Scholarships for Over 165 Girl Students in East, Reinforces its Vision for Women Empowerment

 

Kolkata : Malabar Group, a leading Indian business conglomerate and the parent company of Malabar Gold & Diamonds, announced its Educational Scholarships for girl students in East for the 2024-2025 academic year. The announcement was made during an event at Mahajati Sadan Auditorium, Kolkata, West Bengal. This announcement marks a significant milestone in the Group's flagship CSR initiative, the Malabar Scholarship Programme, which underscores its commitment to supporting girls' education. The event was inaugurated by Respected Vivek Gupta MLA, Assembly Constituency Jorasanko; Mr. Thahsil Ahammed, Zonal Head-East, Malabar Gold and Diamonds and Amit Routh, Manager, Operations & Business Development, Malabar Gold and Diamonds who were present at the event along with other management team members of Malabar Gold & Diamonds, customers, well-wishers and students. This year, the scholarship program in India has earmarked a budget of 16crore to support the education of over 21,000 girl students In East, 51.26 lakhs have been allocated to benefit more than 165 girls across 5 colleges. Among them, 13.90 lakhs distributed to165 students of Surah Kanya Vidyalaya, Santoshpur Rishi Aurobinda Balika Vidyapith, Bhowanipore School, Netaji Nagar Day School, Bashanti Devi College.

 

Speaking about the initiative, MP Ahammed, Chairman, of Malabar Group, said, "Education is the most powerful tool to change the world. Our scholarship programme is a direct reflection of Malabar Group's deep-rooted belief that education unlocks opportunities and transforms lives. We are committed to removing barriers for young girls so they can fulfil their educational aspirations and contribute meaningfully to society."

 

Since its inception, Malabar Group has demonstrated a strong commitment to inclusive growth through its social welfare activities. In 1999, the Malabar Charitable Trust (MCT) was created to structure and expand these efforts. The group allocates 5% of its profits to CSR initiatives, which span education, healthcare, environmental sustainability, and poverty alleviation, focusing on empowering marginalized communities.

 

The Malabar National Scholarship Programme, launched in 2007, is a flagship initiative under its CSR framework. To date, over 60 crore has been contributed to support the programme, providing financial aid to more than 95,000 girl students across India & over 16.82 crore has been contributed to the support of more than 26,066 girl students in Karnataka State. By focusing on girls' education, Malabar Group aims to uplift not just individuals but entire communities, ensuring future generations are equipped with the tools for social and economic progress.

 

In addition to the scholarship programme, the Malabar Group's Hunger-Free World Project provides nutritious meals to the underprivileged across the country. Supported by a strong network of volunteers and partnerships with local NGOs, the initiative is committed to eradicating hunger and ensuring food security for all. Currently, over 60,000 food packets are distributed daily in 81 cities across 17 states in India. Additionally, 10,000 food packets are provided everyday to school students in Zambia. Malabar Group aims to scale the project to serve 100,000 people daily at 200 centres. The Hunger-Free World Project is being implemented in collaboration with Thanal, a voluntary organisation, which is active in social service.

 

The Malabar Group has also launched the Grandma Home project, which provides free, fully equipped accommodation for destitute women, offering them protection and care. Currently, homes are operational in Hyderabad and Bengaluru, with plans to expand to major cities in Kerala, as well as Chennai, Kolkata, Delhi, and Mumbai.

 

We have also established 581micro-learning centers across 12 states, dedicated to educating dropout students. To date, we have supported over 25,800 students.

 

The Group's CSR initiatives aimed at uplifting marginalized communities include medical aid for the underprivileged, support for housing construction, and financial assistance for the marriages of women in need. To date, the Malabar Group has invested over *282.29 crore in various social responsibility projects, reflecting its commitment to sustainable development.

 

Malabar Group's continued focus on impactful initiatives such as education and hunger relief exemplifies the company's belief that sustainable growth is only possible when communities are empowered and supported in every way possible. This dedication will remain at the heart of all future endeavours as the Group continues to expand both its business and social responsibilities.