About Kotak Mahindra Group
Kotak Mahindra Group was established in 1985, as one of the leading financial services conglomerates in India. In February 2003, they received a banking license from the Reserve Bank of India, becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank.
Kotak Mahindra Group offers a wide range of financial services as commercial banking, stock broking, mutual funds, investment banking, etc. Their business model is mainly concentrated in India, with diversified financial services.
About Kotak Education Foundation
The Kotak Education Foundation was established on January 14, 2007, which marked a significant milestone in its mission to combat urban poverty by focusing on education and livelihood initiatives. They operate in economically disadvantaged areas of Mumbai, including the Kurla, Govandi Chembur, Deonar, and Dharavi slums. Their main objective is to empower children and young individuals from underprivileged families through a range of educational programs and vocational skills training.
Kotak Education Foundation’s scholarship program is for meritorious students, that not only provides financial assistance but also mentorship and coaching sessions. They guide the students who have completed their 10th grade to successfully complete their 12th grade and pursue higher education.
Eligibility Criteria of Kotak Junior Scholarship Program 2024-25
These are some common eligibility criteria for the Kotak Junior Scholarship Program mentioned below:
- Candidates must have secured a minimum of 85% marks in their Class 10 board examination (SSC/CBSE/ICSE) in 2024
- Applicant must secured admission in Class 11th at junior colleges/schools for Arts, Commerce, or Science streams in the Mumbai Metropolitan Region for the academic session of 2024-25.
- The annual family income should not exceed more than INR 3,20,000 or below.
- Applicant must be a resident of the Mumbai Metropolitan Region
- Children of employees of Kotak Education Foundation and Buddy4Study are not eligible for the Kotak Junior Scholarship program.
Benefits of Kotak Junior Scholarship Program 2024-25
These are the following benefits applicants will get through the Kotak Junior Scholarship Program 2024-25:
- Candidates will get a scholarship of INR 3,500/month during Class 11 and 12, totaling INR 73,500 for 21 months
- Along with the scholarship amount, they also provide mentorship support to the students through the educational journey
- Academic assistance helps the students to excel in their studies
The scholarship amount will be paid every quarter. It should only be used for academic expenses purposes such as tuition fees, books, stationery, travel, and other related educational needs.
Documents Required for Kotak Junior Scholarship Program 2024-25
These are some important documents that you will need to apply for the Kotak Junior Scholarship Program 2024-25:
- Marksheet of SSC/ICSE/CBSE
- Yellow/Orange Ration Card of Students
- Passport Size Photograph
- Aadhaar Card of Parents and Students
- Pan Card of at one earning parents
- School Leaving Certificate
- Latest copy of the IT Return along with 26AS by any family member
- Death certificate for a single parent
- Student’s Bank Account details
Step by Step Process to Apply for Kotak Junior Scholarship Program 2024-25
To apply for the Kotak Junior Scholarship Program, candidates have to follow these simple steps as mentioned below:
- Firstly, visit this link kotakeducation.org/kotak-junior-scholarship.
- From that page, select the “Apply Now” option and it will take you to the Buddy4Study website.
- If you already registered for Buddy4Study, then click on the Apply Now option, or register your account first.
- It will take you to the Kotak Junior Scholarship 2024-25 application form page.
- From there you need to select the “Start Application” option to begin the application.
- You have to provide all the required details in the online form and upload all the relevant documents.
- Please be sure to read the ‘terms and conditions’ of this scholarship scheme, and then select the “Preview” option.
- If all provided details are correct, then select the “Submit” button to complete the application process.
FAQs: Kotak Junior Scholarship 2024-25
Q: What is the selection process for the Kotak Junior Scholarship 2024-25?
A: The selection of the Kotak Junior Scholarship program 2024-25 will be provided to the applicants based on their academic performance and financial background. It involves a multi-stage process as mentioned below:
- Candidates will be shortlisted based on the eligibility criteria of this scholarship
- Then, comes the Document Verification
- There will be a Telephonic Interview for the shortlisted candidates
- Final selection of scholars
Q: If selected for the scholarship, then how will I get the amount?
A: The scholarship amount will be directly transferred to the student’s bank account every quarter during the first year of the program. In the second year, the scholarship will be provided on a half-yearly basis.
Q: Will I get the scholarship for the subsequent year of my studies?
A: Yes, this scholarship will be provided to the students throughout their journey until the completion of their Class 12. However, candidates must meet the following eligibility criteria to renew Kotak Junior Scholarship in successive years:
- Applicant must maintain the regular academic session.
- Uphold good disciplinary conduct
- Achieve over 70% marks in Class 11 for the renewal of this scholarship
- Renewal of this scholarship in the successive year will be at the sole discretion of the Kotak Education Foundation.
Also Read: Dr Ambedkar Scholarship Portal of Punjab 2022-23: Latest Update, List of Scholarships
