Company also highlights ₹3.75 crore in scholarships awarded to over 13,411 students and launches 11 welfare initiatives across North, East and West India.
NEW DELHI (India CSR): Commemorating the 77th birth anniversary of its former Chairman, Late Shri M. G. George Muthoot, Muthoot Finance Limited, India’s largest gold loan NBFC, has announced a Rs. 1 crore initiative to upgrade sanitation facilities across government schools in North, East and West India. The company has also launched eleven community-focused welfare projects spanning education, healthcare, senior citizen care, road safety and disability support. Over the last decade, Muthoot Finance has awarded scholarships worth Rs. 3.75 crore to more than 13,411 students, carrying forward the former Chairman’s vision of inclusive growth and community development.
Sanitation Builds Dignity
Alexander George Muthoot, Managing Director of The Muthoot Group, announced the CSR initiatives at an event held at the Group’s Corporate Office North. The flagship ₹1 crore school sanitation programme will address critical infrastructure gaps in government schools, particularly in rural and underserved regions, by creating safe, hygienic and dignified sanitation facilities. Depending on existing infrastructure and specific requirements, the company will construct or renovate between one and four functional toilet units per school, with special emphasis on menstrual hygiene management for girl students.
Schools Receive Support
Under the Swachh Bharat Abhiyan, Muthoot Finance has recently completed and inaugurated a new toilet block at Government Senior Secondary School, Barauli, in Haryana’s Panipat district. The facility is expected to benefit nearly 800 students. The initiative aims to improve attendance, well-being and dignity for students, especially girls, by ensuring access to clean and functional sanitation facilities.
Education Expands Opportunity
The company’s education-focused interventions include presenting the Muthoot M. George Excellence Award to 100 meritorious students of Classes 8 and 9 across North Delhi, distributing bicycles to girl students in Firozabad, providing classroom infrastructure to schools in Vadodara, establishing a digital computer laboratory in Rajkot, and distributing career-guidance materials to 5,000 students across Ahmedabad. These efforts complement the company’s decade-long scholarship programme supporting higher education and future aspirations.
Welfare Supports Communities
Muthoot Finance has also extended support to senior citizen homes and care institutions across Faridabad, Gorakhpur and Bhopal through the donation of motorised wheelchairs and essential household appliances, including refrigerators and washing machines. Other initiatives include a clean drinking-water facility for over 700 students at a government school in Misrod, Bhopal, and the distribution of safety helmets to frontline civic workers in Jaipur.
Leadership Reaffirms Commitment
Speaking on the occasion, Alexander George Muthoot, Managing Director, The Muthoot Group, said, “These initiatives are a humble tribute to our former Chairman, Late Shri M. G. George Muthoot, who firmly believed that education and community welfare are key catalysts for sustainable social transformation. His vision continues to guide our efforts towards creating meaningful and lasting change in the communities we serve.”
He added, “Through investments in essential school sanitation infrastructure, educational opportunities and targeted grassroots welfare initiatives, we aim to address critical barriers faced by young students, particularly girls, while bringing greater comfort and support to the elderly and marginalised sections of society. We remain committed to carrying forward his legacy by building healthier, more inclusive and empowered communities across the nation.”
Senior Leaders Present
Ranjeet Singh, Senior CGM, Business Performance Department; Rakesh Mehra, General Manager, CSR & Corporate Affairs; Rohit Raj, Head of Corporate Communications & CSR; and other senior officials from the Corporate Office North were present at the event.
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