Mumbai, Jul 20 : HDFC Bank on Tuesday launched Covid Crisis Support Scholarship for students who have been impacted by Covid19.
The scholarship is part of Parivartan, HDFC Bank’s umbrella for its social responsibility.
The scholarship programme 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 programme 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 Parivartan Covid Crisis Support 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
Ms Ashima Bhat, Group Head – Business Finance and Strategy, Administration, and Infrastructure said, ”Students are the future of our nation, and their education is important. 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. We have therefore launched an additional scholarship programme for those impacted by COVID to support more students.”
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.
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