HDFC Bank has launched Covid Crisis Support Scholarship for students who have been impacted by the pandemic. The scholarship is part of Parivartan, HDFC Bank’s umbrella for its social responsibility.
The scholarship program is meant for school students as well as those pursuing UG, PG and diploma courses. Under this scholarship scheme, students will be provided with a one-time financial assistance ranging from Rs 15,000 to Rs 75,000. The program is available to students who have:
- lost either or both of their parent(s)
- earning family member(s) have lost their employment (or livelihood) during the pandemic
The bank has created a corpus of Rs 9 crore for the Parivartan Covid Crisis Support Scholarship. The scholarship will help around 3,200 students under two categories:
- School (from class 1 to 12) covering around 1,800 students
- College (diploma, graduation & PG courses) covering around 1,400 students
“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. We have therefore launched an additional scholarship program for those impacted by Covid to support more students,” said Ashima Bhat, Group Head, Business Finance and Strategy, Administration, and Infrastructure, HDFC Bank.
Students whose annual family income is less than Rs 6 lakh per annum, and are pursuing studies in Indian boards and universities, would be eligible to apply. This crisis support scholarship is especially for those students who are on the verge of dropping out due to financial constraints due to the pandemic.
The scholarship program will be managed by Buddy4Study India Foundation which hosts one of the largest scholarship platforms in India.
This is the second scholarship program run by the bank. HDFC Bank also has a flagship program – Educational Crisis Support Scholarship (ECSS), which it runs annually.
