In an effort to reach out to economically weaker sections, a city school has initiated insurance cover for its schoolchildren totalling to 3,400.
The school has tied up with a private insurance company to provide cover for those who discontinue their studies due to sudden demise of the family’s breadwinner.
Announcing this at the press conference here on Friday, secretary and headmaster of Priyanka’s Vidyodaya High School D. Bhagirath said: “We have carried out a survey to find out why our students put an abrupt halt to their studies. In most cases, the break is due to unexpected financial crunch that surfaces when the sole breadwinner passes away. Recently, two of our students P. Tanusha of Class IX and P. Anusha of class VI lost their father in a road accident. We are opening a fixed deposit of Rs.1 lakh for them.”
The interest earned on fixed deposit can be utilised to pay school fee or to meet other educational needs. This apart, a total of 27 students will receive scholarships on the occasion of its 23rd Annual Day -‘Fiesta 14’, to be hosted on February 9. City Police Commissioner B. Shivadhar Reddy is expected to participate as chief guest. With skits, folk dance, mime and a fusion of western and classical dance lined up for the evening, the Fiesta 2014 will begin at Gurajada Kalakshetram from 5 p.m. on Sunday.