In a first-of-its-kind initiative under CSR, Hindustan Aeronautics Limited (HAL) today launched a HAL Endowment Scholarship Scheme in partnership with the Indian Institute of Technology, Madras (IITM) to support meritorious students from economically weaker sections of the society.
A Memorandum of Agreement to implement this initiative was signed between Mr. Pradeep Kumar, General Manager (HR), HAL and Prof. Manu Santhanam, Dean-in-charge–Alumni and Corporate Relations, IITM in the presence of Dr. D. K. Sunil, CMD, HAL, Dr Kamakoti, Director (IITM), Mr. M. G. Balasubrahmanya, Director (HR), HAL, Dr S D Premkumar, Independent Director, HAL and other senior officials.
“HAL recognises that true progress begins with equal access to quality education,” says Dr. D. K. Sunil, CMD, HAL. “We believe that no student should be denied the opportunity to study at a reputed institution like IIT Madras due to economic constraints. By supporting deserving students from underprivileged backgrounds, HAL is unlocking their potential and empowering them while fostering academic excellence. This Endowment Scholarship Scheme is our way of giving back to society and contributing to nation-building.”
Under this scheme, financial assistance will be provided to 40 students over four years. Thereafter, 40 students will receive support each year for the next 15 years. Students from economically disadvantaged backgrounds who are enrolled in four engineering streams, including aeronautical, mechanical, electrical and metallurgical engineering at IIT Madras will be eligible for the Scholarship.
The Endowment Scheme is part of the company’s broader CSR commitment, in addition to various initiatives in the field of education, skill development, environment, healthcare, women’s empowerment and sports. Over the last five years, HAL has contributed more than ₹500 crore to such causes across the country.
