The Socially Relevant Projects program, which started in the year 2003, with an initial grant of Rs. 10.0 lakhs from IIT Madras, is over the years being supported by funds received from IIT Madras alumni. In 2011, in honour of Prof. M.S. Ananth who was retiring as Director that year, the alumni of IIT Madras established the Prof. M.S. Ananth Endowment Fund. The interest from this fund is being used to fund projects under the SRP scheme.