IDFC First Bank to offer 350 MBA scholarships for 2021-23 batch

NEW DELHI: IDFC First Bank is offering scholarships to 350 Indian students to study MBA in the 2021-23 academic session. Selected students studying in one of 119 business schools in India will receive Rs 2 lakh each. The last day to apply is September 2, 2021.

The initiative is to support meritorious students from the economically weaker sections of the society, the IDFC First Bank said in a statement. The scholarship is open to students of Indian nationality only. To be eligible, the student must come from a family whose collective annual income is less than Rs 6 lakh per annum. They must be enrolled in a full two-year programme.

“Students fitting the eligibility criteria can apply for the scholarship on this link - buddy4study.com/page/idfc-first-bank-mba-scholarship. The number of scholarships has been raised to help students facing financial difficulties due to the COVID-19 pandemic.

The programme was started in 2016 and so far, 677 students have benefited from this initiative. All the students who received the scholarship have secured jobs with an average income of Rs 8,00,000 annually, the bank claimed.

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Rachana Iyer, corporate social responsibility, IDFC FIRST Bank said, “The COVID-19 pandemic has caused severe setbacks to many families. Hence, this year, our scholarship programme will support 350 students, the largest since inception. We strongly believe that our students will build a career that will ultimately empower them to secure a better future for themselves and their families.”

The MBA scholarship programme was instituted as a CSR initiative by erstwhile Capital First in 2016 and continued after the merger which resulted in the formation of IDFC First Bank.

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