Muthoot Finance announces scholarships worth INR 1 Crore to support meritorious 8th and 9th grade students under Muthoot M George Excellence Awards

The Group celebrates 15 years of Muthoot M George Excellence Awards wherein they have benefitted 10,000 school students across the country

Bengaluru, February 06, 2025: Muthoot Finance Ltd has announced on Tuesday scholarships worth INR 1 crore for talented school students (8th and 9th grade) from across 788 districts pan India for next year (FY26). This initiative, part of the company’s long-standing CSR efforts and aimed at recognising academic excellence of secondary students, was unveiled today during the 15th anniversary celebrations of the Muthoot M George Excellence Awards.

This year, Muthoot Finance awarded scholarship worth INR 43 lakh for more than 1400 students. This initiative underscores Muthoot Finance’s commitment to fostering educational opportunities for young minds nationwide, further solidifying its role as a responsible corporate entity dedicated to social progress.

The Excellence Awards Distribution Ceremony held on Feb 04, 2025 at The Muthoot Group Head Office, Ernakulam. The event was inaugurated by Smt. R. Bindu, Minister for Higher Education & Social Justice, Kerala, alongside the Guest of Honour – Shri K.N. Unnikrishnan, Member of Kerala Legislative Assembly, Vypin and Shri K.V. Abdul, Azeez, Chairman and Managing Director, Skyline Builders.

The ceremony was presided over by Mr. George Alexander Muthoot, Managing Director, Muthoot Finance, who emphasised on the transformative power of education in shaping society. Shri Rohith Raj, Head – Corporate Communications, Muthoot Finance delivered the keynote address. Other distinguished attendees included Shri K.R. Bijimon, Executive Director & COO, Muthoot Finance, Shri Vinod, Regional Manager, Ernakulam, and Shri Janson Varghese, AM, CSR, Muthoot Finance.

Muthoot Finance has been at the forefront of numerous CSR initiatives in education. Launched in 2010, Muthoot M George Excellence Awards aimed at empowering academically talented students from economically disadvantaged backgrounds. As part of this pan-India initiative, Muthoot M George Foundation has disbursed more than INR 3 Crore and benefitted 10,000 students across India. This nationwide effort underscores the Muthoot Foundation’s dedication to nurturing academic excellence and supporting deserving students.

Speaking on the occasion, Mr. George Alexander Muthoot, Managing Director of Muthoot Finance, said, “At Muthoot Finance, we firmly believe that quality education is not just a privilege but also a fundamental necessity for a better life. For 15 years, the Muthoot M George Excellence Awards have been empowering bright young minds, and we take immense pride in continuing this legacy. Education is one of the pillars of our CSR activities, and this initiative is a small contribution towards that commitment. As we pledge INR 1 crore for the upcoming year, our mission remains to support and uplift meritorious students, ensuring that financial constraints do not stand in the way of their academic aspirations. We look forward to expanding this initiative and empowering millions of students in the years to come.”

Shri K.N. Unnikrishnan, Member of Kerala Legislative Assembly, Vypin, added, “India is home to some of the most talented young minds, and it is through quality education that we can unlock their full potential. Initiatives like the Muthoot M George Excellence Awards play a crucial role in making this vision a reality. By supporting bright students from underserved backgrounds, Muthoot Finance is not just transforming individual lives but also contributing to India’s journey towards becoming a global powerhouse. It is heartening to see corporate leaders step forward to nurture talent, and I commend Muthoot Finance for their continued commitment to this cause.”

Muthoot M George Foundation has a long-standing tradition spanning decades of implementing impactful CSR initiatives in education, healthcare, and community transformation. This program showcases the Foundation’s belief in the transformative power of education to uplift lives and foster a more equitable society.