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IDFC FIRST Bank Announced 350 MBA Scholarships for 2021-2023 Batch

News Desk, News Nation 360 : IDFC FIRST Bank has announced its flagship initiative - the MBA Scholarship programme for the batch of 2021-2023. This year, IDFC FIRST Bank will reward scholarships to 350 Indian students; the highest number of scholarships for a batch since inception. The bank will reward scholarships worth Rs 2 lakhs to each rewarding student. The programme provides financial assistance to meritorious Indian students from economically weaker sections of society to help them complete their master’s degree in management. 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. So far, 677 students from both urban and rural India have benefitted from this programme. These students belong to diverse family backgrounds with parents being retired lower-income scale government employees, auto-rickshaw drivers, farmers and other such backgrounds. Rachana Iyer, Head - Corporate Social Responsibility, IDFC FIRST Bank said that at IDFC FIRST Bank, they are committed to the cause of education. They realised that the rising costs of pursuing a management degree can act as a deterrent for even the most meritorious students and thus, they instituted the MBA Scholarship Programme in 2016, to support deserving students with a scholarship amount, and help ease their financial burden. So far, they’ve enabled 600 students to bully complete their degrees. IDFC FIRST Bank’s scholarship programme is open to students who are accepted for the MBA program across the select 119 B-schools in India. This year, students meeting the following eligibility criteria can apply for the scholarship between August 3 to September 2, 2021 : The student must be an Indian national and enrolled for a two-year full-time MBA 2021-23 batch or its equivalent in an Indian university or college that is part of the programme, Must come from a family that has gross annual income from all sources less than or equal to Rs 6 lakhs per annum.

Report : Anustup Kundu