Kotak Mahindra Group Launches Kotak Kanya Scholarship For Female Students: Check Report

Kotak Mahindra Group launches Kotak Kanya Scholarship for girl children which is a joint CSR project on education and livelihood that is being executed by Kotak Education Foundation (KEF). The Kotak Kanya Scholarship will provide financial assistance to deserving female students from underserved backgrounds who wish to continue their studies after class 12.

According to the media release of the bank "This scholarship is exclusively for Indian students. The application process, which is being administrated online, commences on 9 th August, 2021. Students will have to apply through Buddy4Study^, one of India's largest scholarship platforms. KEF will accept application forms till 30th September, 2021." A girl child can apply for the scholarship by visiting https://kotakeducation.org/kotak-kanya-scholarship/.

"Kotak Education Foundation (KEF) will implement the Kotak Kanya Scholarship 2021* for girls. Under Kotak Kanya Scholarship, meritorious girl students who aspire to pursue professional graduation (degree) courses from institutions of repute (NAAC/NBA/UGC accredited) after class 12 will be provided scholarships to pay their educational expenses till the completion of their graduation (degree). The professional graduation (degree) courses include Engineering, Medicine, Architecture, Designing, Specialised Commerce & Finance, Chartered Accountancy (CA), Company Secretary (CS), Bachelor of Law (LLB) and Computer courses, etc. Further, applicants must have scored 75% or more marks in their 12th grade Board examinations or equivalent, and the applicant's annual family income should be Rs 3 lakh or less," according to the announcement of the Kotak Group.

"Kotak Kanya Scholarship is one of the many efforts under Kotak Mahindra Group's CSR Project on Education & Livelihood to empower the girl child by providing scholarships for their education. Lack or insufficient funds is one of the main issues that prevents girls from pursuing professional graduation level education. Kotak Kanya Scholarship, which is being implemented by Kotak Education Foundation is an effort to bring about a change in society, thus paving the way for a bright and promising future for deserving girls," Rohit Rao, Joint President & Group Chief CSR Officer, Kotak Mahindra Bank Limited, said.

"The best investment in developing communities is by extending support to young leaders who are driven by passion and want to make a difference. Under the Kotak Kanya Scholarship 2021, scholarships of up to Rs 1 lakh per year will be extended to girl students to cover their academic expenses, including tuition fees, hostel fees (applicable only for on-campus hostels), internet, laptop, books, stationery, etc," Dr Ganesh Raja, CEO, Kotak Education Foundation, said.

Kotak Kanya Scholarship 2021

Kotak Mahindra Group, Kotak Education Foundation, and Buddy4Study employees' children are not eligible to apply for the Kotak Kanya Scholarship 2021. The following Kotak Mahindra Group companies are jointly financing the Kotak Kanya Scholarship 2021 CSR Project on Education and Livelihood, which is being conducted by Kotak Education Foundation.

• Kotak Mahindra Asset Management Company Limited (KMAMC)
• Kotak Mahindra Capital Company Limited (KMCCL)
• Kotak Mahindra Investments Limited (KMIL)
• Kotak Mahindra Prime Limited (KMPL)
• Kotak Mahindra Trustee Company Limited (KMTCL)
• Kotak Infrastructure Debt Fund Limited (KIDFL)
• Kotak Securities Limited (KSL)

According to the official statement of Kotak Group "As one of the implementing partners for Kotak Kanya Scholarship 2021, Buddy4Study (B4S) will extend application management support to students and shortlist students for the Kotak Kanya Scholarship. B4S portal will help in creating awareness for Kotak Kanya Scholarship 2021, and assist in the scholarship application management process, due diligence of documents, shortlisting of scholars, and scholar tracking."