15, Nov 2023
Cholamandalam Investment & Finance Company Limited (Chola) Continues to Empower Truckers’ Children
National, 15th November 2023: Cholamandalam Investment & Finance Company Limited (Chola), the financial services arm of the Murugappa Group, remains steadfast in its commitment to making a significant positive impact on the lives of children from the trucker’s community. Through its ongoing partnership with the Women Organization for the Rural (WORD), Chola has been instrumental in the success of the “My Dream Scholarship Program” for the past four years.
This program benefitted over 750+ students, providing them with essential scholarships to pursue higher education in secondary and higher education institutions including engineering courses. The scholarship has been helpful in ensuring that these young individuals are not compelled to enter the labour force prematurely.
The “My Dream Scholarship Program” has focused on the Namakkal and the surrounding seven districts of Tamil Nadu, where there is a substantial trucking community. The Commercial vehicle crew Members have erratic income due to many factors, making it challenging for their children to afford quality education.
Chola recognizes the potential within these communities and has tried to solve the problem by providing educational scholarships to support the aspirations of first-generation learners.
It is committed to support the education and aspirations of these students who often face unique challenges due to their parents’ profession. Chola believes that investing in their futures not only benefits these individuals but also contributes to the growth and success of India.
Mr. Ravindra Kundu, Executive Director of Cholamandalam Investment and Finance Company Limited of Cholamandalam Investment and Finance Company Limited highlighted the significance of this initiative, stating, “Truck drivers play an immensely crucial role in the better development of our economy, sacrificing time away from their families to transport goods over long distances. Taking up the responsibility of their children is something we are committed to, and we have plans to expand our initiative to benefit other categories of beneficiaries. We aim to extend our helping hands to students affected by Covid-19 across the country, children of cleaners, truck workshop employees, underprivileged auto drivers, and ex-servicemen.”
Chola’s dedication to improving the well-being of children from the commercial vehicle community is exemplified through its commitment to knowledge, innovation, and transformative actions. The “My Dream Scholarship Program” serves as a beacon of hope, providing young individuals with opportunities to pursue their dreams and build a brighter future.