MoolahMatters

  Empowering underprivileged students with quality education is not just an act of charity but a crucial step toward a brighter future for India. Several foundations are spearheading this mission, working tirelessly to bridge the gap between privileged and underprivileged communities. These organizations are not only offering financial aid but also developing comprehensive programs that tackle various educational barriers. This blog explores five remarkable foundations making a significant impact on the lives of underprivileged students in India. Akshaya Patra Foundation: Nourishing Young Minds The Akshaya Patra Foundation is renowned for its extensive mid-day meal program, designed to combat hunger and malnutrition among schoolchildren. The foundation’s efforts extend beyond just providing meals; they contribute to improving school attendance and academic performance. By ensuring that children have access to nutritious food, Akshaya Patra encourages parents to send their kids to s...

  In the dynamic landscape of India's financial sector, Non-Banking Financial Companies (NBFCs) are leading a transformative journey that integrates digitalization with physical expansion. This strategic fusion is revolutionizing the accessibility, reliability, and inclusivity of financial services throughout the country. Through a combination of digital innovation and physical outreach, NBFCs are not only staying ahead of the curve but also empowering communities and propelling economic growth. Addressing the Underserved NBFCs' digital transformation is significantly empowering previously underserved communities. Utilizing user-friendly mobile applications and innovative digital platforms, NBFCs are reaching remote regions where traditional banking has struggled to penetrate. This digital revolution goes beyond mere convenience; it acts as a catalyst for financial inclusion, dismantling barriers and offering essential services to marginalized populations. By expanding their re...

  Academically talented yet financially underprivileged girls from Pune district are set to pursue careers in science and postgraduate studies thanks to scholarships from the Lila Poonawalla Foundation (LPF).  Karen Heggens, CEO of the IKEA Foundation, and his wife Karen were the honored guests at the LPF event where scholarships were awarded to these promising students. Heggens, who has been a generous supporter of LPF for over a decade, expressed his belief in empowering women who face financial barriers to education. The IKEA Foundation, affiliated with the Stichting INGKA Foundation, which owns the IKEA Group, provides educational support for girls across various countries. Also Read: Abhay Bhutada: Leading the Financial Sector Evolution from Small Ventures to Corporate Leadership Lila Poonawalla, a prominent corporate figure and co-founder of the awards with her husband Firoz, highlighted the impact of LPF’s scholarships. She noted that thousands of LPF-supported women h...