Federal Bank's initiative for schools

As part of its CSR initiative, Federal Bank plans to help less privileged schools to set up computer labs at their premises. The bank will donate a set of five pre-owned computers to schools after getting them refurbished. The cost for setting up the facility along with other facilities will be borne by the bank for one year.

It has earmarked Rs 4,500 per personal computer (Rs 22,500 per school) and a total of Rs 40 lakh this year for the project. Federal Bank intends to donate 1,000 computers this year to about 200 schools. The project will be initially rolled out in Kerala and plans are afoot to extend the project to other parts of India.