The Adani Foundation, the corporate social responsibility arm of the Adani Group, on Thursday announced an endowment of Rs 5 crore to 20 children who lost one or both parents in the Morbi bridge collapse. The bridge collapse killed 135 people, including 55 children.
In a press release, the Adani Foundation said it was “working with the Morbi district administration to set up endowments of Rs 25 lakh each” for seven children who were orphaned and 12 other children who lost their minds. one of their parents. Among the beneficiaries of the Rs 5 crore endowment corpus will also be an unborn child of a pregnant woman who lost her husband in the bridge collapse.
According to the press release, the foundation will place the funds in secure fixed deposits for the 20 children, keeping the principal amount intact while the interest will be used to support them. A letter of commitment to this effect for the main amount was given to the Collector of the Morbi district, according to the foundation.
The press release quoted Priti Adani, chairman of the foundation, as saying: “Among those most seriously affected are the little ones, many of whom have not yet learned that their mother or father or both parents will never come home. The least that can be done in this time of great distress is to ensure that these children have the means to grow up, receive a proper education and lead fulfilling lives. That’s why we decided to set up a fund to provide the financial support they need during their growing years.