SBI Foundation Launches 3rd Asha Scholarship Program For Students

September 11, 2024

The SBI Foundation has launched the 3rd edition of its Asha Scholarship Program, which aims to help 10,000 deserving students from underprivileged backgrounds across India. This scholarship provides financial support to students who need assistance with their education costs, ensuring they can continue their studies.

What is the Asha Scholarship Program?

The Asha Scholarship Program was started in 2022 and offers scholarships to students from Class 6 up to the postgraduate level. The scholarships range from ₹15,000 to ₹20,00,000 per year, depending on the student’s needs and level of education.

Who can apply for the Scholarship?

The program has different categories for students based on their education level:

School students
Undergraduate students
Postgraduate students
Students at IITs (Indian Institutes of Technology) and IIMs (Indian Institutes of Management)

Additionally, there is a special ‘Study Abroad’ scheme for Scheduled Caste (SC) and Scheduled Tribe (ST) students who want to pursue higher education overseas.

How can students apply?

Applications for the scholarship opened on August 16, 2024, and will remain open until October 1, 2024. Interested students can find more details about eligibility and apply through the official website: www.sbifashascholarship.org.

How has the Program Helped So Far?

Since the Asha Scholarship Program began, it has provided ₹3.91 crore in financial aid, helping 3,198 students across India. This has had a positive impact on making education more accessible to students who face financial barriers.

Challa Sreenivasulu Setty, the Chairman of SBI, emphasized that the Asha Scholarship Program aligns with the bank’s broader mission of offering services that go beyond banking. He also highlighted how the Asha Scholars will play a key role in contributing to India’s vision of becoming a developed nation by 2047 (Viksit Bharat).

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