IIT Bombay Heritage Foundation on Friday introduced a grant of Rs 2.35 crores to IIT Bombay with the intention to fulfill the wants of scholars in wake of the COVID-19 pandemic.
Chairman of IIT Bombay Heritage Foundation, Raj Mashruwala, confirmed that the fund will probably be used to buy 500 laptop computer computer systems and broadband help for 500 needy undergraduate college students.
According to a press launch by IIT Bombay, “IITBHF was able to collect the USD 301,000 for this grant from its US-based alumni pursuant to extended fund-raising drives. Given that the need may be for upto 1,000 laptop computers, IITBHF is requesting other India-based alumni and IIT Bombay’s corporate sponsors to provide matching funds to meet needs of additional 500 students.”
IIT Bombay will finalise the factors for the distribution of those funds to the suitable college students, it said.
“We are delighted at this wonderful gesture by our alumni in the United States. Since we are at the 50 percent of this specific fund raising drive, we hope citizens come forward to help in equipping our students with IT tools so that they attend online classes next semester,” stated IIT Bombay’s Director Subhasis Chaudhuri.