Sakal India Foundation gives interest-free loan scholarships

ST Correspondent
Saturday, 21 July 2018

The grants were offered to students, who are going for their master’s degrees in various areas from artificial intelligence to management specialisation in different places like Germany, New York, Boston, Baltimore, etc

Pune: As many as 51 students aspiring to pursue higher education abroad have received interest-free loan scholarships from Sakal India Foundation (SIF) on Friday. For the first time, the Foundation has offered a loan of Rs 70,000. Until last year, the foundation gave Rs 60,000 to students. 

The Chairman of Sakal Media Group, Pratap Pawar, was present as the chief guest in the presence of S Padmanabhan, Vice President of Sakal India Foundation, the Foundation’s Executive Secretary Dr AS Kalgaonkar and BG Jadhav, council member, besides others. 

The organisers said that as next year Sakal India Foundation will enter its diamond jubilee, it has plans to grant Rs one lakh interest-free loan scholarships to students and that they have raised the amount this year as a step ahead. These 51 students are selected from the 89 applications received this year.

The grants were offered to students, who are going for their master’s degrees in various areas from artificial intelligence to management specialisation in different places like Germany, New York, Boston, Baltimore, etc. 

The students expressed that unlike other scholarships, which are granted on the basis of the social and economic background of the family, the foundation judges a student purely on the basis of their merit. 

Pawar stated that children must move to foreign countries to gain a better quality education, but they should also return to the country to empower the nation. “We have often seen many students who have gone abroad to study and settled there. I understand students get a quality education and definitely one must look higher to achieve better in a career. But, it must be your responsibility to return to the country and share your knowledge to improve the educational system to make the nation powerful. It is necessary to understand inner strengths and ability and what one wants to pursue in life. This helps you to hold onto your dreams till the end,” said Pawar.

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