Address for Correspondence
419, IIM Campus,
Vastrapur, Ahmedabad 380 015
Tel: +91-79-6632 5419 admin@manufoundation.in
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Registered Office
72, LIC Colony, Opposite Indira Park
Hyderabad 500 080
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admin@manufoundation.in
 

Stepping Stones Scholarships are loan scholarships. In disbursing them the Foundation is not in competition with banks. It will focus on brilliant students who, for whatever reason, cannot get financial support including bank loans.


(Students at the Higher Secondary School or pre-university level, for example, rarely get bank loans for regular studies or for coaching for competitive examinations.) But the main difference is that the obligation to repay the loan is moral, not legal.

The Foundation celebrates human goodness and the joy of sharing. The loan is given in the spirit of lending a helping hand to bright young people in need. Each awardee undertakes to donate to the Foundation enough money to support at least one other student financially through a critical stage. Such repayment – in fact donation – is due only after the awardee has a regular source of income. This repayment is to ensure that more and more needy students can get the benefit of loan scholarships administered by the Foundation.

Stepping Stones Scholarships are competitive. Candidates have to compete with one another for the limited scholarships. This is because the award of Stepping Stones scholarship is a recognition of achievement and of potential, not just need. These scholarships are open to Indians of all castes, creeds, religions, and regions.