Muthoot Finance Builds and Handover 14 New Aashiyana Homes in Edavanakkad, Kochi


Muthoot Finance has successfully constructed and handed over the newest tranche of 14 houses under the CSR initiative of Muthoot Aashiyana Housing Project in the coastal suburb of Edavanakkad located in Kochi. In order to celebrate this milestone, the company had organized a key handover ceremony on May 22, 2023 at Edavanakkad, Ernakulam District. The ceremony was inaugurated by Shri. George Alexander Muthoot, Managing Director, Muthoot Finance. Shri. Hibi Eden, MP, Ernakulum was the Chief Guest for the occasion. Shri. George M George – Deputy Managing Director – Muthoot Finance distributed saplings to the beneficiary families spreading awareness on the importance of creating and nurturing a sustainable environment.

Smt. Aseena Abdul Salam – President Edavanakkad Grama Panchayat; Shri. TA Joseph – President, Edavanakkad Cooperative Bank; Shri. Iqbal, Vice President Edavanakkad Grama Panchayat; Shri. Babu John Malayil – CSR Head, Muthoot Finance; Shri. Ajas Ashraf – Ward Member, Edavanakkad Grama Panchayat were present during the occasion.

The beneficiary families were previously living in dilapidated homes that were damaged by prolonged exposure to sea swells and erosion. With the successful construction of 14 houses in Edavanakkad, the company has now touched a landmark of building and handing over 250 houses under the flagship CSR initiative of Muthoot Aashiyana. Muthoot Finance has earmarked 20 Crores for Edavanakkad Housing Complex involving 14 well-built sturdy homes. Muthoot Aashiyana rehabilitation initiative was instigated in the year 2018 for the flood victims of Kerala. Given the positive impact created by the Muthoot Aashiyana initiative, the company had scaled up the project further. The recently completed projects under the initiative are 20 houses in Rewari, Haryana, and 10 houses in Haridwar, Uttarakhand.