Karnataka Bank’s solar initiative for rural students
Karnataka Bank Ltd has initiated a programme to provide solar lights in the non-electrified houses of students in rural areas. The initiative has been launched in association with the Manipal-based non-governmental organization Bharatiya Vikas Trust (BVT) under its corporate social responsibility (CSR) programme. Till now, 100 houses of the students from remote rural areas of Udupi district have been provided solar lights under this programme. The bank has spent around Rs. 5 lakh for this under its CSR programme till now.
The initiative has been termed as a ‘solar light scholarship’ for rural students as those students lacking electricity connection at their house have been given this facility. While the school authorities identify the beneficiaries, BVT screens them. SELCO Solar installs the solar units in the houses of such students. The total cost of a unit is ₹9,500. While the beneficiary’s family pays ₹4,500, the bank bears the remaining cost. This single unit helps illuminate two lights in a house.
So let's discuss some questions related to this post:
1. Name the bank which has initiated a programme to provide solar lights in the non-electrified houses of students in rural areas?
2. The ‘solar light scholarship’ initiative has been launched in association with which organization?