Sir Ratan Tata Trust (SRTT) came into being in 1919 with a sum of Indian currency ₹8 million. It is under the ownership of Ratan Tata. Established in accordance with the will of Sir Ratanji Tata, the Trust is now one of the oldest grant bestowing foundations in India. The Trust has, for about a century, been instrumental in development processes, providing grants to institutions in the areas of rural livelihoods and communities, education, health, enhancing civil society and governance and arts, crafts and culture. The grants offered by the Trust can be broadly classified as: