HDFC Parivartan Scheme: Get an Overview
HDFC Bank Parivartan’s Educational Crisis Scholarship Support (ECSS) Programme is an initiative of HDFC Bank to support meritorious and needy students from underprivileged sections of society. The scholarship is for school students from Class 1 to 12 and diploma, ITI, polytechnic, UG and PG (general and professional) students.
Under ECSS, students who are unable to bear the education cost due to personal/family crisis or any other financial problem and are at risk of dropping out are given financial assistance up to INR 75,000 for their education.
HDFC Bank is the largest banking and financial services institution in India. This scholarship is part of its flagship programme – Educational Crisis Scholarship Support (ECSS). The bank has been working on education and livelihood training projects under its social initiative – Parivartan.
HDFC Bank’s social initiative ‘Parivartan’ has been a catalyst in making a difference in the lives of people through its interventions in the areas of rural development, education, skill development and livelihood enhancement, healthcare & hygiene and financial literacy.
Particulars | HDFC Parivartan Scheme Highlights |
Scholarship Level | Pre-Matric, Post-Matric, UG, PG |
Disciplines | All Disciplines |
Region | Covers entire India |
Scholarship Category | Merit and Means |
Provider Type | Private |
Course Names | School, Degree and Professional Courses |
Last Date | 04-Sep-2024 |
HDFC Parivartan Scheme: Educational Crisis Scholarship Support( ECSS)
Children's education can occasionally be directly impacted by financial difficulty or a family crisis, which frequently leads to the child leaving school, college, or university. The idea behind ECSS is to help these students get through challenging circumstances, such as personal or family crises, without having a negative effect on their academic performance.
The ECSS seeks to serve students enrolled in undergraduate and graduate programs (full-time, part-time, degree, diploma, and vocational training courses) who, because of personal or family crises, are unable to continue paying for their education and run the risk of leaving school, college, or university. Additionally, the program covers students from accredited private or government-aided schools in grades six through twelve.
Bereavement, death, terminal sickness, permanent handicap, loss of the breadwinner's employment due to an accident, or any other extreme scenario that has placed a burden on the family's resources would be considered this predicament. The scholarship will pay the chosen candidates' full annual school fees up to a maximum of Rs. 10,000 and their college or university fees up to a maximum of Rs. 25, 000.
HDFC Parivartan Scheme: Types
The scholarships mentioned below are available to students.
- HDFC Bank Parivartan’s ECS Scholarship in School Programme
- HDFC Bank Parivartan’s ECS Scholarship Beyond School Programme
- HDFC Bank Parivartan’s ECS Scholarship Professional Education Programme
More highlights of the scholarship types are tabulated below:
Scholarship Type | Benefits | Deadline |
HDFC Bank Parivartan's ECSS Programme for Postgraduate Students (Merit-cum-Need Based) 2024-25 | For general postgraduate students: INR 35,000 | 04-Sep-2024 |
HDFC Bank Parivartan's ECSS Programme for Undergraduate Students (Merit-cum-Need Based) 2024-25 | For general undergraduate students: INR 30,000 | 04-Sep-2024 |
HDFC Bank Parivartan's ECSS Programme for School Students (Merit-cum-Need Based) 2024-25 | For Class 1 to 6: INR 15,000 | 04-Sep-2024 |
HDFC Parivartan Scheme Eligibility
The Eligibility Criteria are given below.
HDFC Bank Parivartan’s ECS Scholarship in School Programme
- Open for Indian nationals only.
- The students must be currently studying in Classes 1 to 12, diploma, ITI, and polytechnic courses in private, government, or government-aided schools
- The applicants must have passed the previous qualifying examination with at least 55% marks.
- Annual family income must be less than or equal to INR 2.5 Lakh.
- Preference will be given to those who are facing personal or family crisis in the last 3 years which has led to discontinuation of education and are on the verge of dropping out.
HDFC Bank Parivartan’s ECS Scholarship UG Programme
- Open for Indian nationals only.
- The students must be pursuing graduation courses (general courses- BCom, BSc, BA, BCA, etc. and professional courses- BTech, MBBS, LLB, B Arch, Nursing) in recognized colleges or universities in India.
- The applicants must have passed the previous qualifying examination with at least 55% marks.
- Annual family income must be less than or equal to INR 2.5 Lakh.
- Preference will be given to those who are facing personal or family crisis in the last 3 years which has led to discontinuation of education and are on the verge of dropping out.
HDFC Bank Parivartan’s ECS Scholarship PG Programme
- Open for Indian nationals only.
- The students must be pursuing post graduation courses (general courses - MCom, MA, etc. and professional courses - MTech, MBA, etc.) in recognized colleges or universities in India.
- The applicants must have passed the previous qualifying examination with at least 55% marks.
- Annual family income must be less than or equal to INR 2.5 lakh.
- Preference will be given to those who are facing personal or family crisis in the last 3 years which has led to discontinuation of education and are on the verge of dropping out.
HDFC Parivartan Scheme: Awards
The amount(s) of the scholarship are mentioned below.
Read More About HDFC Parivartan Scheme.
HDFC Parivartan Scheme Apply Online
Applicants who meet the eligibility criteria can submit their applications for the HDFC Bank Parivartan's ECSS Programme through an online process by following the steps outlined below:
- Go to HDFC website (https://www.hdfcbankecss.com/)
- Select the type of scholarship you want to have
- Click on “Apply Now” button
- The fresh new window will be fully visible on your screen.
- You can go through your preferred scholarship agreement and move ahead with fulfilling it as per mentioned conditions.
- Click on the ‘Start Application’ button to begin the application process.
- Fill in the required details in the online application form.
- Upload relevant documents
- Accept the ‘Terms and Conditions’ and click on ‘Preview’.
- If all the details filled in the application are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.
‘ECSS’- Educational Crisis Scholarship Support Form PDF
| HDFC Parivartan Scheme FAQs |
| Q. Who can apply for the ECSS Scholarship? |
| A. Any student enrolled in any private or government-aided school between grades six and twelve, as well as those pursuing full- or part-time degrees, diplomas, vocational training programs, or undergrad and post-graduate degrees, is eligible to apply for scholarships. Please make sure you meet all eligibility requirements and are eligible to apply. In accordance with UGC/AICTE guidelines, the course and the college/university should be recognized. |
| Q. What are the eligibility criteria for ECSS Scholarship? |
A. The applicant for ECSS must reside in India. The HDFC Bank Management retains the right to amend the restrictions at any time. |
| Q. From where can I get the application form? |
| A. The application form can be downloaded from www.hdfcbank.com/scholarship |
| Q. How the scholarship be disbursed? |
| A. The sanctioned amount will be sent by Demand Draft directly to the school/college/university |
| Q. I missed the scholarship application deadline. Is there anything I can do? |
| A. Applying for the scholarship program is still open. Scholarships are awarded to qualified students based on the merits of each individual case. |
| Q. What annexures do I need to attach with the Application form? |
A. The following annexures must be attached to your application form:
|
| Q. What is the selection process for the scholarship? |
| A. Please be aware that if your application is determined to be lacking any required information or annexures, it will be denied. Senior HDFC Bank employees will form an eminent panel to review the applications. Applicants should consider their submissions unsuccessful if they have not heard anything by September 7th, 2013. Scholarship applications from the following categories will be given priority. • Children with disabilities living in semi-urban and rural locations; single parent families, where the child resides with either parent; parents undergoing treatment for a life-threatening illness; |
| Q. What is the scholarship grant amount? |
| The selected school kids will get an academic fee up to a maximum of Rs. 10,000, while the selected college or university students will receive an academic fee up to a maximum of Rs. 25,000. |
| Q. If I am selected for the scholarship, how will I be informed? |
| A. The winners of the scholarships will be contacted via phone or letter. You can anticipate receiving the DD at your college, university, or school. If you are not chosen for an award, you won't hear from us. Applicants should presume that their applications have not been accepted if they have not heard back by the deadline. |
| Q. What are my chances of getting ECSS scholarship? |
| A. Numerous factors influence your likelihood of receiving the scholarship offer. Certainly at the top of the list is how well you meet the scholarship's eligibility requirements. |
| Q. If I get selected for the scholarship and then decide to attend another school/college /university, can I get my scholarship transferred? |
| A. The student may only use the ECSS scholarship in the college, university, or current school where she or he is enrolled. The scholarship fund cannot be moved. The fund support will not automatically transfer to the new school, college, or university if a student who is receiving scholarship help from one of these institutions moves schools. In certain situations, the student must reapply to be supported by the award. |
| Q. What is the term for ECSS Scholarships? |
| A. The ECSS scholarship is given out annually and has a two-year maximum renewable period. Every year, ECSS scholars are required to reapply and recertify. |
| Q. If I have already received other scholarships in previous years, am I eligible to apply for ECSS scholarships? |
| A. Absolutely, students are qualified for further scholarships. But each year, students must reapply for the ECSS award. |
| Q. What are the post selection formalities? |
| A. If a candidate is later determined to be ineligible, they may be subject to heavy penalties and may have to reimburse the full sum of the scholarship they were awarded. |
| Q. Where can I send the duly filled application forms? |
| A. The application form must be properly completed and sent to the closest HDFC Bank branch. |
Read more: FAEA Scholarship.
HDFC Parivartan Scheme: Documents Required
- Mark sheets of last year
- Admission proof of the ongoing year
- Proof of Identity such as an Aadhar card
- Passport-size photographs
- Details of the Bank Passbook of the applicant
- Income proof of the applicant in case of merit-based scholarship, and proof of crisis related to family/personal in case of needs-based scholarship
HDFC Parivartan Scheme: Benefits
HDFC Scholarship wants to eradicate poverty and bridge the educational gap due to financial constraints among students who can’t afford to pay for school fees.
This is financial support which will among other things ease the financial burden that sometimes stops people from getting education.
Students of lower grade will start learning the alphabet and then move up to higher classes and continue education till university level.
HDFC Scholarship is a bridge for economically weaker students to focus on their academics and complete their educational goals. The objective is to empower individuals and make education more balanced in India country wise.
HDFC Parivartan Scheme: Selection Process
HDFC bank Parivartan’s ECSS Programme allows students from all levels of education but good performance and problem either in school or family environment. Here’s how it works:
- Students who meet the criteria are shortlisted.
- They verify if it is genuine.
- They look into application documents in the first round and only shortlisted candidates are interviewed in person.
- And then quality of students selected is further narrowed down. Last ones are selected as scholarship winners.
HDFC Parivartan Scheme: Terms and Conditions
HDFC Parivartan is a comprehensive corporate social responsibility program by HDFC Bank.
- The Scholarship will cover tuition fees, books and living expenses up to a certain limit. Scholarship amount will be credited to the Scholar’s bank account. The Scholarship is renewable every year based on the Scholar’s academic performance and conduct.
- Scholars must maintain good academic performance throughout the course. Scholars must submit periodic academic reports to the Bank. Scholars must not do anything that will bring disrepute to the Bank.
- The Bank may terminate the Scholarship if the Scholar: a) Fails to maintain good academic performance. b) Gives false information in the application. c) Violates any of the terms and conditions. In case of termination, the Scholar may be asked to return the Scholarship.
- The Bank may amend or modify these terms and conditions at any time without notice. Scholars will be informed through the official Scholarship portal.
People also Read: TATA Scholarship.
HDFC Parivartan Scheme: Extra Guidelines
For students from economically challenged backgrounds, the HDFC Scholarship program serves as a linking factor, allowing them to focus on their academic pursuits and achieve their educational goals. The goal is to empower people while also establishing a more equitable and well-rounded educational system across the nation of India.
Through the SJE Scholarship program, you can obtain chances akin to college loans, empowering you to pursue your aspirations.
HDFC Parivartan Scheme: Total Number of Scholars by Year
The data is tabulated below:
Year | Scholars |
2023-24 | 7684 |
2022-23 | 4292 |
2021-22 | 3097 |
2019-20 | 1198 |
HDFC Parivartan Scheme: How it Helped Scholars?
HDFC Parivartan Scheme helped many scholars to pay tuition fees which were unaffordable for their families.
It also helped in paying the annual fees of many students.
Many students paid coaching fees with the scholarship grant.
Many students purchased textbooks and laptops with the monetary grant.
It helped many students to enroll in online classes to polish their skills and enhance knowledge.
HDFC Parivartan Scheme: Cumulative Impact (2017-2023)
Over 125.4 million have been impacted through the HDFC Parivartan Scheme across education, healthcare, livelihood and environment.
Key Statistics for Focus Areas (2023)
- Education: Over 29,000 schools
- Health: Over 2,500 mobile medical vans
- Water Conservation: Over 1,000 water bodies rejuvenated.
- Sanitation: Inauguration of over 3,000 sanitation units.
- Financial Inclusion: Over 9 million people through banking and financial services.
- Skill Development: More than 4 lac trained in vocational skills.
- Financial Expended: HDFC Bank has allocated ₹1,000 cr for Parivartan CSR, which spans diverse sectors across the length and breadth of the country.
- Reaching the Last Mile: The program is currently in over 600 districts, to date, of rural and semi-urban India.
- SDG's Alignment:
The initiative aligns with several United Nations Sustainable Development Goals (SDGs)-
Goal 4 (Quality Education)
Goal 6 (Clean Water and Sanitation)
Goal 8 (Decent Work and Economic Growth)
Thirteenth Goal: Climate Action
HDFC Parivartan Scheme: Vision, Aims and Objectives
HDFC Bank Parivartan's Educational Crisis Scholarship Support (ECSS) Programme for 2024 aims to provide financial assistance to students facing crisis situations, ensuring that their education is not disrupted. The principal objectives of the ECSS Programme are listed below:
Help in terms of finance is the principal objectives of this scholarship programme.
Assistance in continuity of education for economically weaker students is another goal.
Mitigation and Eradication of Crisis is also an important rationale behind the programme.
Promotion of Higher Education is the result that these objectives aim at.
Promotion of inclusivity and all-embracing culture in education.
Overall development of the students and all-round progress is the essence of the scholarship.
HDFC Parivartan Scheme VS SBI CSR Scheme
The detailed comparison is tabulated below:
Parameters | HDFC Parivartan Scheme | SBI CSR Scheme |
Full Name | HDFC Bank Parivartan | State Bank of India (SBI) Corporate Social Responsibility (CSR) Scheme |
Goals | Inclusive growth shall be fostered, focusing on sustainable development and welfare in the community. | Encourage social development, economic growth, and care for the environment. |
Focused Areas | Education, healthcare, skill development, rural development, and environmental issues | Education, health care, women empowerment, rural development, and environmental sustainability. |
Targeted Beneficiaries | Underprivileged and marginalized communities, especially in rural areas. | Underprivileged, socially and economically backward communities across India. |
Healthcare Initiatives | Provides healthcare infrastructure, mobile clinics, sanitation facilities, and awareness programs. | Focuses on improving rural healthcare through mobile clinics, sanitation, and health camps. |
Education Initiatives | Supports primary and higher education, infrastructure, digital classrooms, and scholarships. | Promotes digital literacy, rural school infrastructure development, and scholarships. |
Rural Development Programs | Implements water conservation, irrigation facilities, and sanitation infrastructure. | Focuses on sustainable agriculture, water conservation, and rural infrastructure development. |
Women Empowerment Initiatives | Supports women through skill development programs, self-help groups, and entrepreneurship. | Empowers women via self-help groups (SHGs), vocational training, and financial literacy. |
Skill Development & Livelihood | Offers skill training in various sectors for youth to improve employability. | Provides vocational training and job placement support for youth in rural areas. |
Environmental Sustainability | Focuses on afforestation, renewable energy, waste management, and water conservation. | Emphasizes tree plantation, water conservation, and reducing carbon footprints. |
Impact Reach | More than 10 million beneficiaries have been benefitted across 30,000 villages in India. | Reaches over 15,000 villages across India, impacting more than 2 million people. |
Funding Source | Part of HDFC Bank’s Corporate Social Responsibility (CSR) funds. | SBI’s CSR budget, which allocates a significant percentage of its profits. |
Notable Projects | Holistic Rural Development Program (HRDP) | SBI Youth for India Fellowship Program |
Geographic Focus | Pan-India with special focus on rural and semi-urban areas. | Nationwide, with special attention to backward regions and rural areas. |
CSR Compliance | In compliance with Section 135 of the Companies Act, 2013. | Adheres to the Companies Act, 2013, mandating CSR spending for large corporations. |
Significance of Social Initiatives in Nation's Growth
There are many advantages of these initiatives that play a pivotal role in the development of a nation. Some of them are mentioned below:
Initiatives like Parivartan Scheme is a great way to support the marginalized and wekaer section of society in less time. Government polices generally take a lot of time to reach to the beneficiaries but these steps are instrumental in bridging the gap.
Empowerment of the lower sections is a possible feasible through these initiatives, be it building capacity or vocational training.
Growth of the economy is well facilitated by these social initiatives.
Promotion of inclusivity and egalitarianism is carried out and social harmony is promoted.
Sustainability is taken into account when these initiatives promote long-term growth and development.
Corporate Social Responsibility (CSR) in India
CSR is a business model that encourages companies to incorporate social and environmental aspects into the mainstream of their operations. In India, because of prevailing socio-economic challenges faced by the masses, like poverty, illiteracy, and unavailability of healthcare facilities, this concept of CSR has gained great momentum.
Legal Requirement: India became one of the first countries in the world, in 2013, to make CSR mandatory for large companies through the Companies Act, 2013. As per the Companies Act 2013, every company having a net worth of ₹ 500 crores or more, or a turnover of ₹1000 crores or more, or a net profit of ₹5 crores or more during any financial year, shall spend at least 2% of the average net profit of the company made during the three immediately preceding financial years on CSR activities.
Social Inequality: The main dichotomy of rich and poor pervades Indian society. Most CSR initiatives attempt to bridge this gap through education, healthcare, and employment opportunities for the underprivileged segments of society.
Sustainability: The concept of CSR also relates to the issue of sustainable development. Firms are now concerned about the conservation of the environment, renewable energy, and water management, among other areas. Businesses can make contributions in regard to long-term sustainability goals through the application of CSR, such as reduction of carbon footprints and promotion of green energy.
Empowering the Communities with important initiatives: Various CSR initiatives have been tactfully crafted to improve the community. Rural and backward areas are specifically targeted . Be it skill development, financial literacy programs, or healthcare camps, one way or other, CSR goes a long way in building resilient communities that can better withstand economic challenges.
Company Reputation: A company involved in CSR activities has a better reputation and brand image in the eyes of consumers and employees as well as amongst all stakeholders. This improves the companies' goodwill and provides them with competitive advantage in the market.
HDFC Parivartan Scheme: Contact Information
011-430-92248 (Ext- 116) (Monday to Friday - 10:00AM to 6PM)
hdfcbankecss@buddy4study.com
GF, Shop No 3 to 6, Office No 104 to 106, Siddhi Aura, Nityanand Nagar
Andheri East Mumbai - 400069