The Idea was generated at the alumni meeting of the past students of Sheth M.K.High School of the year 1976, 1977 and 1978 in the year 2001 to help the needy students of the society. To further our commitment to the society, the Saraswati Foundation was established in the year 2002 and 18 students were provided assistance in the very first year of the foundation.
Saraswati Foundation is Mumbai based non profit making foundation. The attainment of our trust status in 2002 affirmed our strong-rooted values and dedication to society. The Foundation was registered with the Charity Commissioner, Greater Mumbai (India) vide Registration No: E-20626 Dtd.: 22-11-2002.
The primary objective of the Saraswati Foundation is to support needy and deserving students who have financial difficulties in pursuing their higher education. We firmly believe education as the key to sustaining the economic growth and social status of India, by means of invenstment in human capital and providing opportunities to uplift their social status.
The Foundation does not receive any funding from the government and the Interest free loans to the students are made possible solely with the kind contributions of well-wishers. Since the inception of the Saraswati Foundation, we have been raising funds annually. Over the years, more then 60 students have been provided with loans amounting to more than Rs. 1.8 millions.
We are constantly in touch with various educational institutions to know the developments in educational field. We are constantly stepping up our efforts to build up the Fund so that progressively more loans can be given to deserving students, in the light of current economic conditions.