Sakal India Foundation

Supports deserving students from needy families to pursue higher education through scholarships and grants

  • Bronze Certified 2023
  • FCRA
Transparency Rating:
Transparency Rating
The transparency rating is calculated based on the amount of information available for the organisation.
Claim this profile
Bronze Certified Bronze Certified

About

  • Headquarters

    Pune, Maharashtra

  • Since

    1959

The idea of setting up an organisation to encourage and assist needy and deserving students with grants and scholarships to pursue higher education wa Read mores conceived by the late Dr. N. B. Parulekar the managing editor of daily Sakal. With a donation of Rs. 1,25,000/- from Prof. R.S. Deshpande, former professor in the college of Engineering , Pune; Parulekar's recurring contributions and moral support of six distinguished persons, India Foundation was established as a registered society and an educational trust under the Socities Registration Act XXI of 1860 on March 30, 1959.In 2003, the trust was renamed Sakal India Foundation. In 1985, when Mr. Pratap G. Pawar took over the reins of the management of the house of Sakal he initiated a series of events that transformed its image. The administrative and financial reforms and policy decisions led to a metamorphosis of the Sakal group. The firm belief of the management, that journalism is a means for enlightenment of the masses and for social engineering, was reflected in the group's working. Gradual but determined steps were taken to achieve the objectives. They were woven into the diverse activities launched in the next three decades. The thrust was on all elements, components, professions, age-groups and sectors of the reading community. Sakal India Foundation has been supported by Sakal Papers Pvt. Ltd. since 1985. Some of the objectives of the Foundation are: 1.   To grant scholarships and financial aid as gift or loan to students, teachers , professionals, social workers with outstanding merit, including potential for leadership, for higher studies in India and abroad irrespective of their race or religion. 2.   To grant scholarships and financial aid to needy and deserving individuals for study of technology in India and abroad. 3.   To promote and establish cooperation between India and other countries for furtherance of research and higher studies. To help students to go abroad for higher studies, students were selected on the all over India basis and offered interest free loan scholarships. Recently, the scholarships were extended to students pursuing research leading to Ph.D. in India. The all India publicity, strict scrutiny and through screening of applications by a selection committee of trustees and experts have raised the credibility of the programme. Selection for award of a loan or a grant, Sakal India Foundation has become a high point in the academic world. The academic achievements and professional attainments of the awardees and loan repayment in the stipulated period have justified the selection of the awardees. The list of the awardees is a veritable roll of honour of distinguished personalities from different walks of life. The success of the loan scholarship programme led to the launch of another project. To induce school and college students and teachers into taking up research activity, research proposals were invited. After assessment , a financial assistance in the form of research fellowships were offered. Interaction with Indian expatriates around the world showed that highly-qualified and professionally established Indians had a strong urge to extend financial assistance to socially and economically underprivileged but academically meritorious students. An appeal to them evoked a favorable and generous response in the form of contributions of $200 per year per student over a minimum of four years. Thus began in 1984 the career development scheme to identify needy, deserving and meritorious students and offer them financial help to continue higher education, which otherwise was a distant possibility for them. Sakal India Foundation has become a center for providing guidance to students in selecting appropriate courses and institutions. Compilation of information on the available avenues of education is one of the activities of the foundation. Students in need of vocational guidance are advised adequately and directed to appropriate authorities. A review of the last more than 50 years of service by Sakal India Foundation to the youth brings a sense of satisfaction and directs attention to additional needs of young students. The constraint of limited funds needs to be overcome to achieve quantitative expansion. To catering to growing needs of young boys and girls studying specialised areas, diversification of programmes is inevitable. Undertaking qualitative expansion in newer fields, model programme could be devised. The inadequacy of institutions of formal education, burdened by increasing enrollment and shackled by rigid programme of instructions, leaves room for supplementary efforts. Sakal India Foundation anticipates the role of an entrepreneur to stimulate innovative ideas and infuse creativity.

Demographies Served

Programs

  • Interest-Free Education Loan Scholarship

    For exceptional students who are unable to cover all of the costs associated with their postsecondary education, we provide interest-free loans. The learners' accomplishments and superior academic standing serve as the fundamental qualifying requirements.

    The following is a list of the requirements that applicants must meet to be approved for a loan scholarship:

    An Indian resident is required to apply for a SIF Interest-Free loan.
    A verified admission letter from an accredited university in India (or outside, if the candidate is pursuing a PhD) is required.
    The applicant needs to be pursuing a graduate degree, postgraduate degree, or postgraduate diploma.

  • Career Development Scholarship

    Since 1959, the Sakal India Foundation has worked to empower students by providing career mentoring, education loans, and scholarships. This company was founded to provide grants and scholarships to deserving students from low-income families so they may pursue higher education.

    To continue the tradition of supporting worthy students from less fortunate families, SIF established the Career Development Scholarship more than thirty years ago. Thousands of students with exceptional distinction have received Career Development Scholarships from SIF up to this point.

Leadership Team

  • Mr. Pratap G. Pawar

    Chairman

  • Mr. Abhijit Pawar

    Managing Director

  • Mrs. Mrunal Pawar

    Director

  • Mr. S. Padmanabhan

    Trustee, Vice President

Demographics & Structure

  • No. of Employees

    6-20

M&E

  • Internal, External Assessors

    No

Policies

  • Ethics and Transparency Policies

    No

  • Formal CEO Oversight & Compensation Policy

    No

Political & Religious Declarations

  • On Affiliation if any

    No

  • On Deployment Bias if any

    No

Registration Details

  • PAN Card

    AAAAI0156Q

  • Registration ID

    MH/2018/0189860

  • VO ID / Darpan ID

    MH/2018/0189860

  • FCRA

    083930085

  • CSR Registration Number

    Not Available

Location

  • Headquarters

    Sakal Corporate Office Plot No. 27, N. T. Wadi, Near Sakhar Sankul, Shivajinagar, Pune, 411005

    Directions
  • Offices in Cities

Other Details

  • Type & Sub Type

    Non-profit
    Trust

Financial Details

 Income / Expenses
  • 2020-21

    Income
    Rs.8,903,744
    Expenses
    Rs.4,624,372
    Admin Expenses
    Rs.1,467,372
    Program Expenses
    Rs.3,157,000
    Tip: Click on any value above to exclude it.