Kotak Education Foundation Announces Expansion of Merit-Cum-Means Scholarships

By IND Today News Desk Last updated Aug 13, 2024

Kotak Education Foundation Announces Expansion of Merit-Cum-Means Scholarships

Hyderabad, Aug 9 (Maxim News): The Kotak Education Foundation (KEF), the CSR arm of the Kotak Mahindra Group, has unveiled an expansion of its Kotak Kanya Scholarship program, increasing the number of scholarships to 500 for its fourth year. This initiative aims to support the higher education of deserving girls from economically disadvantaged backgrounds across India.

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Financial Support and Holistic Development

The Kotak Kanya Scholarship provides financial assistance of INR 1,50,000 per year for 4 to 5 years, helping students pursue higher education without financial constraints. Beyond financial aid, the program emphasizes holistic development, offering intensive student engagement and finishing school activities designed to prepare scholars for professional success.

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Impressive Growth and Achievements

Since its inception, the Kotak Kanya Scholarship has grown significantly, with the number of supported scholars rising from 50 in 2021 to 525 in 2023—an increase of 950%. The program now spans 24 states and includes 122 esteemed institutions across the country, including top-ranked NIRF colleges and prestigious institutes like the IITs, NITs, NLUs, and AIIMS.

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Enhanced Support for STEM and Professional Fields

The scholarship program focuses heavily on STEM fields, with 86% of scholars pursuing careers in science, technology, engineering, and mathematics. Notably, 40% of students from IITs have achieved an All-India rank within the top 10,000 in JEE Advanced. Additionally, KEF provides supplementary resources such as Unstop and Marrow subscriptions for engineering and medical students to further develop their skills.

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Collaborations and Internships

KEF has partnered with renowned finishing school organizations like Talerang and Plaksha University to deliver certified training and career preparation. Scholarship recipients have secured internships with leading companies such as Google, Jaguar Land Rover India, and Goldman Sachs, and have excelled in moot court competitions.

Eligibility Criteria

The Kotak Kanya Scholarship is open to meritorious girls across India who meet the following criteria:

Achieved 75% or higher marks or an equivalent CGPA in class 12 board examinations.
Annual family income below INR 6,00,000.
Secured admission to a first-year graduation program in 2024 at a reputable institution for professional degrees in fields such as Engineering, MBBS, Integrated LLB, Design, Architecture, BSC Nursing, or research.

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Commitment to Quality Education and Skills Development

For 16 years, KEF has been dedicated to providing education and foundational skills to economically disadvantaged children and youth. Its “Inch Wide Mile Deep” approach includes holistic school interventions, equitable scholarships for higher education, and vocational training for livelihood enhancement.

The Kotak Kanya Scholarship, launched in 2021, represents KEF’s commitment to supporting meritorious girls across India in their pursuit of higher education. The foundation also offers the Kotak Junior Scholarship for students in Mumbai and the Unnati project for upskilling unemployed youth in IT and life skills, ensuring successful career placements. (Maxim News)