HCLFoundation launches 10th edition of HCLTech Grant India with Rs 16.5cr funding

TAGS

HCLFoundation, the corporate social responsibility arm of , has announced the launch of the 10th edition of the . This initiative aims to provide a platform for non-governmental organizations (NGOs) to foster in communities through funding and support.

HCLTech Grant India: An Overview

The 10th edition of HCLTech Grant India will distribute ₹16.5 Crore (~$2.2 million) to nine selected NGOs. These NGOs will be chosen by a distinguished jury based on their pioneering projects in sustainable rural development across themes such as environment, health, and education. Interested NGOs can submit their applications on the HCLFoundation website by June 25, 2024.

See also  Lendlease strikes A$1.3bn deal with Stockland for Australian community projects

Commitment to Grassroots Organizations

“HCLTech Grant signifies our commitment to supporting and empowering them to make a real difference in the lives of people across India. We look forward to reviewing the innovative projects by NGOs across India and supporting impactful initiatives through HCLTech Grant,” said Nidhi Pundhir, Vice President, Global CSR, HCLTech & Director, HCLFoundation.

HCLFoundation launches the 10th edition of HCLTech Grant India, providing ₹16.5 Crore funding to nine NGOs for sustainable rural development

HCLFoundation launches the 10th edition of HCLTech Grant India, providing ₹16.5 Crore funding to nine NGOs for sustainable rural development

Significant Financial Commitment

To date, HCLFoundation has committed ₹146.95 crore (~$18 million) through the HCLTech Grant. In the 9th edition, notable NGOs such as The Corbett Foundation, Sangath, and Makkala Jagriti received ₹5 crore (approximately $609,000) each for their four-year projects focused on environment, health, and education, respectively.

See also  IndusInd Bank joins forces with Wise to streamline inward remittances from NRIs

Successful Projects

– The Corbett Foundation: Implemented projects in 16 villages in one district of Gujarat.

– Sangath: Covered 4,060 villages in three districts of Madhya Pradesh.

– Makkala Jagriti: Operated in 451 villages in one district of Karnataka.

Documentation and Assessment

Each year, HCLFoundation publishes “The Fifth Estate – The HCLTech Grant Compendium,” a detailed, photo-documented assessment of 30 shortlisted NGOs. This compendium highlights the best practices in environment, health, and education and serves as a benchmark for excellence in NGO initiatives.

See also  OpenGate acquires majority stake in BRMS provider InRule Technology

Rigorous Selection Process

The selection of awardee NGOs involves a rigorous seven-step screening process, including reviewing applications, conducting field audits, and performing due diligence to ensure the chosen projects have the potential to create significant impact.

The 10th edition of HCLTech Grant India reaffirms HCLFoundation’s dedication to empowering grassroots organizations and driving sustainable change in rural communities. By providing substantial funding and support, HCLFoundation continues to play a pivotal role in enhancing the quality of life across India.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This