Welcome back to our channel, where we bring you valuable information and opportunities. Today, we are thrilled to share with you one of the most prestigious scholarships of 2023: the ₹2,00,000/- Scholarship for MBA. In this blog post, we will provide you with all the essential details you need to know about this scholarship opportunity.
Limited Availability, Timely Information: Every year in June and July, this scholarship is released, but unfortunately, many deserving students miss out on the opportunity due to a lack of timely information. We aim to ensure that you are well-informed ahead of time, so you don't miss this incredible chance to reduce your tuition fees by ₹2,00,000/-.
Tips to Improve Your Chances: We have gathered insights from previous scholarship recipients on how you can enhance your chances of securing this scholarship. By implementing these strategies, you can increase your eligibility and strengthen your application. We believe in empowering you with the knowledge to make the most of this opportunity.
Scholarship Announcement and Application Process: To ensure you receive the latest updates on the scholarship, we will provide the information in three different places: the pinned comment of our YouTube video, our broadcast channel on Instagram (with a link in the bio), and a community post on our YouTube channel. Stay connected with us to receive the announcement as soon as it is made.
Eligibility Criteria: The scholarship, known as the IDFC First Bank MBA Scholarship Program, is specifically for students who will join the first year of a two-year full-time MBA program in 2023. It is essential to note that the scholarship is not applicable to 1-year executive programs, integrated MBA programs, or online/distance learning programs. Only two-year full-time MBA programs or equivalent programs, such as a post-graduate diploma in management or post-graduate program in business, are eligible.
Qualified Institutions and Need-Based Criteria: The scholarship is available for students studying at 152 designated colleges or universities. The comprehensive list of eligible institutions can be found on the official website of the scholarship program. One significant advantage of this scholarship is that it covers a wide range of esteemed institutions, including not only IIMs and IITs but also NMIMS, IIFT, XLRI, SPJIMR, NITIE, Christ, GIM, and more. The scholarship is need-based, and applicants must have a family income below ₹6,00,000/- per year from all sources to qualify.
Benefits and Disbursement: Successful scholarship recipients will receive a total of ₹2,00,000/- over the course of two years. The scholarship amount is disbursed in installments of ₹50,000/- per semester. This means that you will receive ₹50,000/- at the beginning of each semester for four semesters. The amount is directly transferred to your college, where it will be credited to your loan account (if you have one) or your savings account if you haven't taken a loan. However, please note that the scholarship funds can only be used to pay your tuition fees.
Application Process and Selection: When the scholarship is announced, you can visit the Buddy4Study website, which partnered with IDFC last year for applications. Keep a close eye on the main website for updates, and if Buddy4Study is the partner again, you can apply through their platform. During the application process, your Aadhaar card, PAN card, and income certificate will be verified online. Shortlisted candidates may undergo a physical verification process, where a representative will visit your home to assess your financial situation. The most deserving students will then be selected for the scholarship.
Increasing Your Chances: The scholarship
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