The Nilaya Foundation Scholarship, established by the alumni of Prahlada Vidyarthi Nilaya (PVN) in 2003, aims to support economically disadvantaged students in their educational endeavors. Prahlad Vidyarthi Nilaya, founded in 1953 by H.H. Shri Vishvesha Teertha Swamiji of Pejawar Mutt under ABMM, has been a beacon of hope and a blessed sanctuary for hundreds of underprivileged students over the years. The Nilaya Foundation, officially recognized by the government on 25th January 2006, continues this legacy by providing financial assistance, mentoring, and ongoing career guidance to deserving students.
The Foundation’s mission is to create a nurturing home-like environment that empowers students to excel academically and succeed in their chosen fields. The Nilaya Foundation Scholarship is a testament to the enduring impact of Prahlada Vidyarthi Nilaya’s noble service to the student community, which has inspired the establishment of similar Nilayas across various cities, benefiting thousands of students annually.