3 Scholarships for Students Offered by Banks in India

Economic constraints should not stand in the way of a child's education. To address this challenge, various

banks in India

extend

scholarships

to students pursuing diverse educational paths in schools and colleges.
These scholarships primarily serve the dual purpose of offering financial support to students coming from Economically Weaker Sections (EWS) and recognizing the achievements of merit-worthy students.
Check out of list of scholarships that are offered by different banks in India.
1. SBIF Asha Scholarship for School Student

It is an initiative of the State Bank of India and SBI Foundation to provide financial assistance to meritious students from low-income families across India. Students studying in Classes 6 to 12 will receive a scholarship of Rs. 10,000 for one year.
Eligibility Criteria
• The

SBIF Asha Scholarship for School Students

is open to students of Class 6 to 12.
• To qualify, applicants should have achieved a minimum of 75% marks in their most recent academic year.

• The annual family income of the candidate should not exceed Rs. 3,00,000.
Selection Process
The selection will be made on the basis of the academic performance and the financial background of the student. Shortlisted candidates will have to appear for a personal interview followed by document verification.
2. Kotak Life Insurance Scholarship Program
The

Kotak Life Insurance Scholarship Program

offers financial aid to students from Tamil Nadu and Maharashtra to help them with their higher education. Candidates shortlisted will receive Rs. 30,000 per year for 3 years to cover the academic expenses.

Eligibility Criteria

• Must be a resident of Tamil Nadu or Maharashtra.
• Eligible candidates should be in their first year of the B.Com program at one of the designated colleges.
• Applicants are required to have achieved a minimum of 65% marks in both their 10th and 12th class examinations.
• The annual family income should not be more than Rs. 3,60,000.
Selection Process
The selection process includes shortlisting candidates on the basis of academic performance and other criteria mentioned above.
3. HDFC Bank Parivartan's ECSS Programme
The

HDFC Bank Parivartan's ECSS Programme

is an initiative from the HDFC bank to support meritious students who come from underprivileged backgrounds. The scholarship is open to candidates from school Class 1 to 12) and college (UG & PG). Those selected for this program will get financial assistance of Rs. 75,000 for their studies.
Eligibility Criteria (School Students)
• Students currently enrolled in Classes 1 to 12 in either a private, government, or government-aided school are eligible.
• Applicants must have achieved a minimum of 55% marks in their most recent qualifying examination.
• The annual family income should not exceed INR 2.5 lakh to meet the eligibility criteria.
Selection Process
Applicants will undergo a shortlisting process based on the documents submitted in support of the specified eligibility criteria mentioned above.