BOARD’S REPORT 129 concerns within the premises of Mahindra World School. This initiative aimed to elevate safety standards and enhance the aesthetic appeal of the school. With separate CSR grants received from the Company in FY 2021-22 and FY 2022-23, Mahindra World School Education Trust meticulously executed renovation plans tailored to the specific scope of work. These efforts resulted in significant enhancements to the overall safety and functionality of the school, ensuring a secure environment for students. Stakeholder and beneficiary engagement during the impact assessment process has highlighted the following outcomes for projects initiated in FY 2021-22 and FY 2022-23: ● This initiative reinforced the safety of the premises and also ensured that the school environment remained conducive to learning. ● The improvements substantially enhanced the safety and structural integrity of the school infrastructure. ● The project’s renovation process was based on a rigorous scientific approach, involving extensive consultations with multiple stakeholders. This collaborative strategy ensured that the upgrades were comprehensive and tailored to the specific needs of the school community. Mahindra All India Talent Scholarship The Company partnered with K.C. Mahindra Education Trust to provide scholarships to students belonging to economically disadvantaged families who wish to pursue job-oriented diploma courses at a Government recognised polytechnic in India. The selection process is based on academic merit as well as financial need. Preference is given to orphans, children of single parents, differently abled individuals and wards of central armed police forces personnel. To adapt to COVID-19 challenges the application and the selection process including document verification was moved online ensuring the project’s continuous support for students during the pandemic. In FY 2021-22, 1,288 students were supported under this project across 12 states. Stakeholder and beneficiary engagement during the impact assessment process has highlighted the following outcomes for projects initiated in FY 2021-22: ● The project’s effectiveness in reaching diverse groups is evident from the profile of respondents which include 27% belonging to the category of single-parent families, physically disabled, orphans and wards of central armed police forces. ● 86% of respondents rely on parental assistance, 7% selffinancing, and 4% depend on relatives. The scholarship serves as a crucial tool in reducing financial reliance on families or external sources. ● Scholarships play a crucial role in overcoming student challenges, addressing financial constraints for 77% of respondents. ● Scholarships facilitate continued education, financial planning, and career attainment with 54% of respondents reporting full fee coverage. ● The scholarship serves as a motivator, boosting academic performance for 99% of respondents. ● The scholarship enhances career prospects by boosting confidence for 44% of respondents, aiding college admissions in higher education for 34%, and improving job prospects for 14%. ● 99% of respondents highlighted that their families feel a sense of pride due to this scholarship. FD S&CO Scholarship for Education Your Company partnered with United Way Mumbai to provide scholarships for supporting the academic journey of two specific groups: a) girls of farm technicians/tech masters (classes 1-10) and b) children whose parents are engaged in the farming community (classes 10-12). The project recognised the financial and societal barriers these groups face and sought to provide a pathway through education. The scholarship criteria focus on providing financial assistance to children from economically challenged backgrounds. Each beneficiary received an annual scholarship amount of Rs. 5,500. In FY 2021-22, 1,960 students were supported under this project across 21 states, with Maharashtra having the highest number of beneficiaries, followed by Madhya Pradesh, Gujarat, Uttar Pradesh and West Bengal. Stakeholder and beneficiary engagement during the impact assessment process has highlighted the following outcomes for projects initiated in FY 2021-22: ● 97% of respondents who received scholarships belonged to a low-income category, which indicated the critical importance of the scholarship in supporting the educational aspirations of children. ● 98% of respondents reported increased academic marks post-scholarship, indicating the positive impact of scholarship in motivating children to perform well in academics. ● 100% of respondents acknowledged that scholarships eased financial burdens for their education during COVID-19 and also enhanced support for education among their families and communities. ● The survey indicates that 98% of respondents actively continue their education. The project motivated children to continue their education and pursue academic success. ● 61% of beneficiaries allocated the scholarship funds for school/college fees, 36% for various needs such as school kits, and the rest for purchasing books. The project effectively supported educational needs in multiple ways.
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