IDFC FIRST Bank has announced the opening of its MBA Scholarship programme for the batch of 2020-2022, as part of its Corporate Social Responsibility (CSR). As its flagship CSR programme, the scholarship is available to MBA aspirants across the country. It aims to financially support students from weaker social economic backgrounds, enabling them to pursue a management degree from a B-school of their choice.
To qualify for the scholarship, the candidate needs to secure admission into a two-year full-time MBA programme and the family income has to be less than Rs. 6 lakhs per annum. The initiative provides financial assistance to students so as to ease the burden of fees payable by them and to make admission to the best colleges and universities accessible to economically weaker students. About 150 scholarships will be granted by the Bank this year.
Rachana Iyer, Head – Corporate Social Responsibility, IDFC FIRST Bank said, “We believe expenses of MBA are rather high and even meritorious students often drop out from pursuing their careers because of financial difficulties. Through this initiative, we aim to lend a shoulder with Rs. 2 lakh per student for two years, to students from vulnerable communities, to pursue higher education and to attain a higher standard of living.”
