No one would have imagined a situation where a virus will change the lives of millions globally. Coronavirus impact was everywhere and in every field. Office halls were empty and work from home became the new normal. While the world was just adopting the new normal, India was hit by the second wave. Many children lost either one or both their parents. Various schemes were launched by the government in the previous months to support these children financially. HDFC Bank scholarship for all students affected by Covid- 19. The scholarship is a part of “Parivartan” which is an HDFC’s umbrella for its social responsibility program.
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Students in schools, undergraduate, postgraduate, and diploma level courses are eligible for this scholarship. HDFC Bank aims to help students with one-time financial assistance. The scholarship will range from ₹15,000 to ₹75,000. The scholarship is only for students that have lost either one or both parents due to Covid-19.
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The scholarship is divided into two categories. 1800 students from school and 1400 college students. The bank has created an entity of Rs.9 crores.
“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”- Ashima Bhat, Group Head, HDFC Bank
Students from only Indian schools and colleges with incomes less than Rs.6 lakhs per annum will be eligible for HDFC scholarships. The initiative by HDFC bank is to help students on edge of dropping out of schools and colleges because of the financial crisis.
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