Balotra, Rajasthan, July 11, (LAB) The Motilal Oswal Foundation has announced a major education and livelihood initiative in Balotra, Rajasthan, pledging an investment of nearly ₹100 crore over the next five years to drive sustainable development in the region.
The launch event was attended by Rajasthan Chief Minister Shri Bhajan Lal Sharma and Sikkim Governor Shri Om Prakash Mathur. The initiative is rooted in the philosophy of “Learn, Earn & Return,” reflecting the vision of the Foundation’s co-founders, Shri Motilal Oswal and Shri Raamdeo Agrawal, who have committed 10% of their personal equity in Motilal Oswal Financial Services to create a philanthropic fund exceeding ₹4,000 crore.
The new Balotra program aims to impact over one lakh children, 5,000 youth, and 25,000 farmers in the region, while generating nearly 400 local jobs. Central to this initiative is the establishment of the Ansidevi Gopilal Oswal Kaushal Evam Krushi Vikas Sansthan, a state-of-the-art institution spread across 87 beeghas. The centre will focus on vocational skilling, agri-tech training, and future-ready digital education, positioning Balotra as a hub of rural innovation and empowerment.
To implement its vision, the Foundation has partnered with four leading civil society organisations: Rocket Learning, Educate Girls, Muskaan Dreams, and Lighthouse Communities Foundation.
Speaking at the launch, Shri Motilal Oswal said, “We have always believed in Learn, Earn & Return. Acquire knowledge, utilise it to build wealth, and then use that wealth to create a lasting impact. Balotra and Rajasthan gave me my beginnings, and it is fulfilling to return with something tangible and lasting.”
Shri Raamdeo Agrawal added, “Philanthropy is the purest form of investment—in people, in futures, in India.”
Over the years, the Motilal Oswal Foundation has committed more than ₹800 crore to projects in education, healthcare, agriculture, and rural development across India. Its previous contributions include ₹130 crore to IIT Bombay, ₹115 crore to Rajasthan Vidyarthi Griha, and ₹100 crore to the Indian School of Business.
Since its inception in 2011, the Foundation has educated over one lakh students, supported 50,000 farmers, and enabled 10,000 youth and people with disabilities. Looking ahead, it aims to play a significant role in contributing to the national vision of Viksit Bharat.
With the launch of its Balotra initiative, the Foundation strengthens its commitment to its motto: Empowering India, One Life at a Time.