Malabar Group announces scholarships for over 21,000 female students

TDT | Manama

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Malabar Group, a leading diversified Indian business conglomerate and the parent company of Malabar Gold & Diamonds – the 6th largest jewellery retailer globally, announced its National Scholarship Programme for 2024 at an event at Bharat Diamond Bourse, BKC, Mumbai in India.

This announcement marks a significant milestone in the Group’s flagship CSR initiative, the Malabar National Scholarship Programme, which underscores its commitment to supporting female education.

The event was inaugurated by Piyush Goyal, Minister of Commerce & Industry, Government of India. MP Ahammed, (Chairman - Malabar Group), Abdul Salam K P (Vice-Chairman - Malabar Group), Asher O (MD - India operations – Malabar Gold & Diamonds), Nishad AK (Executive Director-Malabar Group) and Shaunak Parikh (Director, Mahendra Brothers) were present at the event.

This year, the scholarship programme has allocated more than 1.9 million USD to support the education of over 21,000 female students across India. Speaking about the initiative, MP Ahammed, Chairman, 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 in every country of operation, which spans Health, Housing, Hunger Free World, Education, Women empowerment and Environment, with a particular focus on empowering marginalized communities.

The Malabar National Scholarship Programme, launched in 2007, stands as a flagship initiative under its CSR framework.

To date, over 7 Million USD has been invested in the programme, providing financial aid to more than 95,000 female students across India.

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.