HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program Application

HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program: The Housing Development Finance Corporation Limited or HDFC Bank is one of the chief self-governed banks in the country. As a part of the “Parivartan” plan of the Bank, the authorities launched the HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program. This scholarship will support such children who have lost their parents due to the pandemic. The scheme not only promises to cover School Education but also higher education. Hence, check all the details of this scholarship here in this article and apply for it.

HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program 2022

The HDFC Bank is intending to support the education of various candidates who lost parents or the earning member of the family due to the Pandemic of Covid-19. Thus, they launched a scholarship to support the educational needs of such candidates. Not only school education but also higher education will also be covered by them through this scheme. The candidates will have to apply online for assistance. Only eligible candidates will be selected and will receive the amount directly into the bank accounts through the safe online transfer window by the method of Direct Bank Transfer or DBT.

HDFC Bank Parivartan's COVID Crisis Support ScholarshipHDFC Bank Parivartan's COVID Crisis Support Scholarship

Overview of HDFC Covid Crisis Scholarship 2022

Name of the Scholarship HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program
Authority Housing Development Finance Corporation Limited or HDFC Bank
ProjectParivartan
Year2022
AimTo support the education of students who lost either earning parent or both parents due to the pandemic of Covid-19
BeneficiariesIndian students up to Post Graduate Level
Scholarship Amount Up to Rs.75,000
Scholarship Slots 3200
Application ModeOnline
Amount Disbursement Mode Direct Bank Transfer or DBT

Aim of the Scholarship

The aim of the authorities through this scholarship is to support the educational needs of students who are not only suffering emotionally but also financially due to parental loss. Candidates whose parents lost lives due to the Covid-19 virus can seek monetary help for educational expenses by applying for this scheme. The bank has a total corpus of Rs. 9 crores and each penny would be utilised for the benefit of the students. Since students studying at any level can be supported, this scholarship will ensure that the most needy students get help. The risk of dropping out cases will minimize and the organisation will be able to contribute to the good of society.

Features of HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program

The Scholarship Program of HDFC Bank has the following features: –

  • The scholarship will support students who have lost either an earning parent or both parents due to the Covid-19 pandemic.
  • This scholarship is a part of the “Parivartan” Project of the HDFC Bank.
  • Students of any level upto Post Graducation can apply for this scholarship.
  • The students can get financial assistance up to Rs. 75,000 for supporting their educational expenses.
  • A total investment of Rs. 9 crores into this project has been planned by the authorities.
  • Nearly 3200 students will be getting benefits from this scholarship program. Nearly 1800 students studying in classes 1 to 12 will be covered and 1400 of those in Diploma, Graduaction and Postgraduation.
  • The money will be directly transferred into the abnk account of the beneficiary through a safe online transfer window.

National Scholarship Portal

Scholarship Amount

The scholarship amount depends entirely on the type, of course, a student is pursuing. The educational level is also a huge factor. The students will however get minimum assistance of Rs. 15,000. The benefits will be provided up to an amount of Rs. 75,000. The following assistance will be provided in respective cases:

Study Level Scholarship Amount
Classes 1 to 5Rs. 15,000
Classes 6 to 8 Rs. 18,000
Classes 9 to 12 Rs. 21,000
Diploma Courses Rs. 20,000
General Undergraduate Courses such as BA, BCom, BSc, BCA and more Rs. 30,000
Professional Undergraduate Courses such as BTech, LLB, BArch, MBBS and more Rs. 50,000
General Postgraduate Courses such as MA, MCom, MSc, MCA and more Rs. 35,000
Professional Postgraduate Courses, that is, MTech, and MBA Rs. 55,000- Rs. 75,000

Utilisation of Scholarship Amount

Candidates can use the Scholarship amount only to cover the education expenses listed below:

  • Non-Refundable Tuition fees that need to be paid to the institution.
  • Accomodation expenses such as hostel fee or more
  • Food expenses
  • Internet Facility needed in order to study during online classes
  • An electronic device needed for online study
  • Books and Stationery
  • Other expenses can also be covered unless they are related to the education of the students

HDFC Bank Parivartan’s COVID Crisis Scholarship Eligibility Criteria

The subsequent eligibility criteria need to be considered while applying for the HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program:

  • The applicant must be a citizen of India.
  • The scholarship is for students studying in Classes 1 to 12, Diploma Courses, Undergraduate or Postgraduate Courses.
  • Students who lost their parents or an earning member of the family can apply for this scholarship.
  • In case a student’s family member who has been earning and financially supporting the family lost employment or earning source amidst the pandemic can also apply.
  • The annual income of the family must not be more than Rs. 6 lakh combined from all sources.
  • Children of those who are employed by either the HDFC Bank or Buddy4Study are not eligible to apply. 

Documents needed at the time of Application

The documents given below are the prerequisites for registering for the scholarship:

  • Passport-sized photo of the student.
  • Result marksheet of the previous year of study.
  • Identity proof such as an Aadhaar card, Voter ID, Driving License or PAN card issued by the Government.
  • Proof of Admission in the current year such as Fee receipt or College opr School ID card or Admission letter or a bonafide certificate.
  • Document to prove the loss of income due to Death or Unemployment during the pandemic of COVID-19.  
  • Reference from 2 people operating as Institution heads or Doctors or Government Officials or more who can identify the pandemic crisis faced by the family of the applicant.
  • Details of the bank account along with the passbook photocopy of the applicant or the parent.

Application Process for HDFC Bank Parivartan’s COVID Crisis Support Scholarship Program 2022

The simple steps given below need to be followed in order to apply for the Scholarship funded by the HDFC bank under the Parivartan project due to Covid-19:

  1. Open the official portal of HDFC Bank at www.hdfcbank.com.
  2. Scroll the home page in the “Personal” section to reach the “About Us” list.
  3. Click on “News Room” and check the “Press Release” section.
  4. Click on “Know More” in “Press Release“.
  5. Open the dropdown list for the year “2022” and click on “Q221“.
  6. Click on the link attested to the release “HDFC Bank Launches Covid Crisis Support Scholarship“.
  7. Scroll to reach the highlighed application link and click it.
  8. The page for Scholarship Application on the educational portal of Buddy4Study will open up.
  9. Tap on “Apply Now“.
  10. Login to Buddy4Study or register using the available options.
  11. The online application form will consequently open up.
  12. Click on the “Start Application” and fill in all the required details.
  13. Upload the aforementioned documents in the needed size and format.
  14. Accept the “Terms and Conditions” and tap on the option to “Preview” the application before submission. 
  15. Click “Submit” if all the details are correctly filled and the documents are successfully uploaded and finish the application procedure.
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