HDFC Bank launches Covid Crisis Support Scholarship

HDFC Bank launches Covid Crisis Support Scholarship

Total corpus of Rs 9 crore to support 3,200 students up to PG level

One-time scholarship amount of up to Rs 75,000

HDFC Bank Parivartan's COVID Crisis Support Scholarship Program is an initiative of HDFC Bank that aims to support the children affected by COVID crisis to continue their education. The scholarship program is meant for school students from Class 1-12 to those pursuing UG, PG and diploma courses. Under this scholarship, the students who have lost either or both of their parent(s)/earning member(s) or whose earning family members have lost their employment (or livelihood) during the pandemic will be provided with a one-time financial assistance ranging from INR 15,000 to INR 75,000.

HDFC Bank, India’s leading banking and financial service provider, has introduced this scholarship to help those COVID-19 affected students who are left with very little or almost no financial support to continue their education.

HDFC Bank today announced the launch of 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:

i) lost either or both of their parent(s)

ii) 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, Infrastructure, and CSR 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.

The scholarship programme will be managed by Buddy4Study India Foundation which hosts one of the largest scholarship platforms in India. Interested students can apply for scholarships using this link: https://www.buddy4study.com/page/hdfc-bank-parivartans-covid-crisis-support-scholarshipprogram

This is the second scholarship programme run by the bank. HDFC Bank also has a flagship programme – Educational Crisis Support Scholarship (ECSS), which it runs annually. Buddy4Study also manages the Educational Crisis Support Scholarship (ECSS) which started accepting applications in March 2021. Till June 2021, ECSS received over 63,000 applications across categories and 800 of the 3100 planned scholarships have already been disbursed. Going by this trend, the bank expects to receive over 60,000 applications for the newly launched Parivartan's Covid Crisis Support Scholarship.

HDFC Bank Parivartan's COVID Crisis Support Scholarship In-School Program 2021

Eligibility

Open for Indian nationals only.

The students must be currently studying in Class 1 to 12.

Students who have been through any of the below two crisis situations –

Students who lost either or both of their parent(s)/earning member(s) since January 2020, OR

Students whose earning family member lost their employment (or livelihood) during the pandemic

Annual family income must be less than or equal to INR 6,00,000 (6 lakh) from all sources.

Children of employees of HDFC Bank and Buddy4Study are not eligible.

Benefits:

For students of Class 1 to 5 – INR 15,000

For students of Class 6 to 8 – INR 18,000

For students of Class 9 to 12 – INR 21,000

NOTE: Scholarship fund can be utilized only for academic expense purposes which includes tuition fees, hostel fees, food, internet, online learning device, books, stationery, etc.

Documents

Marksheet of the previous educational degree (2019-20) (NOTE: In case, you don’t have a marksheet for 2019-20 session, please upload the marksheet for 2018-19 session.)
A government-issued identity proof (Aadhaar card/voter identity card/driving license/PAN card)
Current year admission proof (fee receipt/admission letter/institution identity card/bonafide certificate) (2020-21)
Crisis document (Death certificate of parent(s) or proof of job loss)
Reference of 2 persons who know the family's crisis (Can be a school teacher, doctor, head of school, college, or a government officer, etc.)
Bank account details of applicant (or parent)
Photograph of the applicant

How can you apply?

Click on the ‘Apply Now’ button below.
Login to Buddy4Study using a registered ID to land onto the ‘Online Application Form Page’.
If not registered on Buddy4Study - Register at Buddy4Study with your Email/Mobile/Facebook/Gmail account.
You will now be redirected to the HDFC Bank Parivartan's COVID Crisis Support Scholarship application form page.
Click on the ‘Start Application’ button to begin the application process.
Fill in the required details in the online scholarship application form.
Upload the required documents.
Accept the ‘Terms and Conditions’ and click on ‘Preview’.
If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.
Click Here To View Details
Click Here To Apply Online

HDFC Bank Parivartan's COVID Crisis Support Scholarship Beyond School Program 2021

Eligibility

Open for Indian nationals only.

The students must be currently studying in a diploma, undergraduate or postgraduate (General and Professional) program.

Students who have been through any of the below two crisis situations –

Students who lost either or both of their parent(s)/earning member(s) since January 2020, OR

Students whose earning family member lost their employment (or livelihood) during the pandemic

Annual family income must be less than or equal to INR 6,00,000 (6 lakh) from all sources.

Children of employees of HDFC Bank and Buddy4Study are not eligible.

Benefits:

For Diploma courses – INR 20,000

For Undergraduate (General – BCom, BSc, BA, BCA, etc.) courses – INR 30,000

For Postgraduate (MCom, MA, etc.) courses – INR 35,000

For undergraduate (Professional – BTech, MBBS, LLB, BArch, Nursing) courses – INR 50,000

For Postgraduate (MTech, MBA) courses – INR 55,000 to INR 75,000

NOTE: Scholarship funds can be utilized only for academic expense purposes which includes tuition fees, hostel fees, food, internet, online learning device, books, stationery, etc.

Documents

How can you apply?