HDFC Bank Announces scholarship for students: check details and who are Eligible to Apply

HDFC Bank on Tuesday launched a “covid crisis support scholarship” for students who have been impacted by the pandemic and is part of ‘Parivartan’, the bank’s umbrella social responsibility programme.

The scholarship programme is meant for school students as well as those pursuing undergraduate, post-graduate and diploma courses. Under this scholarship scheme, students will be provided one-time financial assistance ranging from ₹15,000 to ₹75,000, the bank said. students under the following categories

1) The students who have lost either or both of their parents

2) If the earning family member(s) have lost their employment (or livelihood) during the pandemic

The bank said it has created a corpus of ₹9 crore for the Parivartan Covid Crisis Support Scholarship to help around 3,200 students under two categories. Around 1,800 school students and 1,400 college students under the following categories:

1) School (from class 1 to 12) covering around 1,800 students

2) College (diploma, graduation and PG courses) covering around 1,400 students

Ashima Bhat, group head (business finance and strategy, administration, and infrastructure) said, the pandemic has adversely impacted many families across the country and the education of many students is at risk. “During this time of crisis, we believe in supporting talented young individuals who are going through hardships due to the pandemic and are at risk of dropping out from schools or colleges.

As a socially responsible corporate citizen we will lend our support in every manner possible,” said Bhat. Students whose annual family income is less than ₹6 lakh per annum, and are pursuing studies in Indian boards and universities, would be eligible to apply. This scholarship is especially for those students who are on the verge of dropping out due to financial constraints amidthe pandemic, the bank said.