MUMBAI, Sept 15: Mahindra Group and UWC International patron Shelby M C Davis today joined hands to offer USD 12.5 million scholarship funding over the next five years for the students of UWC colleges in India and abroad.
Of the total funding, Shelby Davis will fund USD 7.5 million while Mahindara’s commitment will be USD 5 million, Mahindra Group Chairman Anand Mahindra said here today.
Set up in 1997, UWC Mahindra College is a residential school near Pune with around 250 students, from India as well as overseas.
“Our goal is to have UWC Mahindra College, as much as possible, completely need-blind admissions, which will largely be met by this donation,” Mahindra said.
Of the USD 7.5 million contribution of Shelby Davis, USD 5 million will be the additional funding for the Davis scholarships which already finance education of more than 100 American students at UWC Mexico and 13 other UWC colleges.
The remaining USD 2.5 million will go to Davis international scholarships at every UWC college.
The Mahindra Group will contribute USD 5 million in support of need-based scholarship for students at UWC Mahindra College and these funds are expected to support 50 new scholarship each year, 25 for the Indian students and another 25 for students selected by the UWC national committee in other countries. (PTI)
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