IDFC bank scholarship 2023 | engineering students

admin | 2023-09-15
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The Engineering Scholarship Program is a need-based financial assistance program for engineering students who have secured admission to selected B-Tech/BE colleges in India. The program supports a part of the student’s tuition fee for four *years of full-time engineering degree.

Eligibility Criteria for IDFC bank scholarship

  • Eligible for students who are currently studying in the first year of their B-Tech/BE courses from selected colleges in India
  • Annual family income up to ₹ 6,00,000 per annum or less
  • Students who have not received any other scholarship or tuition fee waiver for their engineering course
  • Students should have secured admission to one of the colleges as per the list
  • Children of IDFC FIRST Bank employees are not eligible for the program

Scholarship Details

Number of Scholarships Available: 50
Number of Years of Support: 4 *years
Scholarship Amount: tuition Fee of one year or 1 lakh p.a. (whichever is lesser)

Scholar Selection Process

  • Candidates need to fill out the multi-step online application form that includes personal details, academic details, documents, etc.
  • Shortlisting based on eligibility criteria
  • Document-check and first-level shortlisting + waitlist
  • Home visit verification for shortlisted students
  • Final selection based on home verification visit
  • Scholar onboarding
  • Fund disbursement (year 1)
  • Marksheet submission for previous year’s result for subsequent year fund disbursement

Scholarship Renewal Criteria (multi-year scholarship)

  • Once selected, the scholar needs to submit marksheets of each passing year to be eligible for next year’s scholarship. Only students who pass their exams will be awarded scholarships for subsequent years
  • The student must enter the details and provide documents in an online scholar tracking system each year to claim their scholarships as per the following renewal eligibility criteria
  • Proof of continuity of education in subsequent years
  • Proof of tuition fee paid receipts for the next academic year
  • The scholarship will be transferred on an annual basis to the college

Apply for IDFC bank scholarship for engineering students

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