SBI Foundation, the CSR arm of the State Bank of India, has invited applications under the SBIF Asha Scholarship Program 2024, under its education vertical - Integrated Learning Mission (ILM) that aims to provide financial assistance to meritorious students from low-income families across India, ensuring the continuity of their education.

This scholarship is open to students from Class 6 to 12 and for those who are pursuing undergraduate/postgraduate courses from the top 100 NIRF universities/colleges, IITs or MBA/PGDM courses from IIMs. Selected students can receive a scholarship to support their educational endeavours.

The Scholarships are open for Indian nationals only. The eligibility conditions for various stages are as follows: 

School students: Applicants must be studying in one of Class 6 to 12 in the current academic year. Students must have secured 75% marks or above in their previous academic year. The gross annual family income of the applicants must not exceed Rs. 3,00,000/-. 50% of the slots will be reserved for female applicants. Preference will be given to students belonging to SC and ST categories. The scholarship amount will be Rs. 15,000/-

Undergraduate/Post Graduate students: Applicants must be pursuing an undergraduate course (any year)/Post Graduate course (any year) from a premier university/college in India, as listed in the Top 100 Institutes according to the latest NIRF rankings. Premier institutions and renowned colleges will include those listed in the top 100 National Institutional Ranking Framework (NIRF) List for Universities and the top 100 in the NIRF List for Colleges for 2023 and 2024 (released by the Ministry of Education, Government of India). Additionally, all National Institutes of Technology (NITs) will also be included. 

IIT Students: Applicants must be pursuing an undergraduate course (any year) from an Indian Institute of Technology (IIT) in India. 

IIM Students: Applicants must be pursuing MBA/PGDM courses (any year) from an Indian Institute of Management (IIM) in India. 

For all the four categories (UG/PG/IIT/IIM), applicant must have secured 75% marks or above in their previous academic year. The gross annual family income of the applicants must not exceed Rs. 6,00,000/-. Preference will be given to students with a family income not exceeding Rs. 3,00,000/- per annum. 50% of the slots will be reserved for female applicants. Preference will be given to students belonging to the SC and ST categories.

Scholarship amount (Maximum): U.G- Rs. 50,000/-, P.G- Rs. 70,000/-, Undergraduate Students from IITs- Rs. 2,00,000/-, MBA Students from IIMs- Rs. 7,50,000/-

Application: Applications can be submitted online at https://www.sbifashascholarship.org/ by October 1, 2024. 

Detailed instructions are given at the website.