06 October 2021 | News
REC Foundation providing financial assistance of Rs 14.4 Cr
Image Credit: twitter.com
In its efforts to get underway the upcoming School of Medical Research and Technology (SMRT), the Indian Institute of Technology Kanpur (IIT-K) has signed a Memorandum of Agreement (MoA) with the REC Foundation, the CSR arm of REC (formerly Rural Electrification Corporation Limited).
REC Foundation has committed financial assistance of Rs 14.4 Crores under its CSR programme to IIT Kanpur for the construction of student housing facilities at the upcoming SMRT.
School of Medical Research and Technology (SMRT) will be India’s first medical school that aims to narrow the gap between medical sciences and technology disciplines.
As a part of the SMRT, the institute will set up a 500-bed super speciality hospital and centres of excellence (CoE’s) for pursuing R&D activities in futuristic medicine. The school is likely to offer postgraduate and doctoral programmes in various super specialities.
As per this CSR Agreement, the REC will provide financial support through its CSR initiative to IIT Kanpur towards the establishment of SMRT at IIT Kanpur. The CSR contribution will be utilised for the construction of 2 Hostel Towers with furniture, fixtures, landscaping, external lighting and solar power generation facility for postgraduate students.