'Around 50 percent of children between age group 6 to 18 years do not go to school at all. Through our new initiative, we seek to empower underprivileged children with education, thereby insuring their future,' said Ramachandran.

Aviva will create a corpus of over Rs.40 million for the project and money will be utilised for various projects across the country.

Yogita Verma Sehgal, director resource mobilisation, CRY said: 'We view the association with Aviva as an illustration of the extent to which corporate houses can work towards greater social justice. At CRY, we believe that it is the right of every child to receive quality education.'

Thomas Chandy, CEO of Save the Children, said: 'India has the shocking distinction of having the largest number of street children in the world. Through this project, we hope to provide quality, relevant education to street children.'