To establish, support, maintain, acquire and/or grant-in-aid or give such other form of assistance as is necessary to schools, whether primary or higher secondary levels, colleges, universities, technical institutions, polytechnics, libraries, reading room, laboratories, hostels, boarding houses, vocational training and other institutions devoted to the cause of education, situated within India and admission to which is open to the public in general without distinction of caste, creed or religion.

To give aid by way of studentship or scholarship including supply of books and kits to students necessary for pursuing studies either in technical or commercial colleges and render such other kind of assistance to them by way of supply of books, kits and other incentives.