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How SBI Asha Scholarship Transforms Lives: A Complete Guide to Application and Benefits

Shihij Kaul

Updated on 12th September, 2024 , 4 min read

SBI Asha Scholarship

SBI Asha Scholarship: Comprehensive Overview

SBI Asha Scholarship Program is an enterprise started by SBI Foundation under the education initiative- Integrated Learning Mission. The main objective of this scholarship program is to provide economic assistance to students belonging to financially weaker families across India to ensure the continuity of their education. 
This program provides students studying in classes 6 to 12 with the opportunity to gain a scholarship of INR 10,000 for one year. 
The main aim of the SBI Asha Scholarship Program is to provide economic assistance to deserving students from low-income families who have demonstrated academic distinction. SBI gave a great amount of importance to carrying out the plan to join the deprived people.

Scholarship Name

SBI Asha Scholarship program

Scholarship Sponsor

SBI Foundation

Eligible for Classes

Class 6 to 12

Financial Benefit

INR 10,000 for one year

Last Date to Apply

To be announced for 2024

SBI Asha Scholarship: Eligibility Criteria 

The eligibility criteria for SBI Asha Scholarship 2024 is mentioned below

  • This scholarship is only open to school students.
  • Students should be from classes 6-12
  • The previous year's minimum marks must be 75%. The annual family income of the student INR 3 lakhs from all sources.
  • Students from all over India can apply for this scholarship. 

SBI Asha Scholarship: Application Process 

The application process for the SBI Asha Scholarship is mentioned below:

  • Candidates need to visit the scholarship website
  • Candidates need to read the important information carefully and click on “Apply Now”
  • Candidates need to fill in the details on the online application. Candidates can register using their email ID or phone number.
  • The SBI Asha Scholarship Program official page will open.
  • Candidates are asked to fill in all the necessary details and upload the required documents.
  • Candidates should read all the “Terms and Conditions” and preview the application.
  • Reconfirm all the information and click on the ‘Submit’ button. 

SBI Asha Scholarship: Documents Required

Documents required to apply for the scholarship are mentioned below:

  • Student’s last year’s mark sheet.
  • Original identity proof such as voter ID, Aadhar card, driving license or PAN card.
  • Admission proof of current academic year such as admission letter, fee receipt, bonafide certificate, and identity card.
  • Bank account details of the candidate or parent.
  • Income verification which can be Form 16A/income certificate from the government authority/salary slips
  • Candidate’s photograph

SBI Asha Scholarship: Benefits

Selected candidates for this scholarship will be priced INR 10,000 for one year, based on the previous year's marks. In Addition, the scholarship will offer: -

  • The scholarship program offers financial aid to the student to cover education expenses, such as purchasing book, tuition fees, stationary, and others 
  • The scholarship program inspires the students with the stories of other SBI Asha scholars who have overcome their challenges 
  • Offers mentorship, guidance, and to the candidates along with skill development training offered by the SBI Foundation and its partners 
  • Offers wide exposure to opportunities and networks to fulfil their goals 

SBI Asha Scholarship: Selection Process 

The SBI Asha Scholarship Program 2024 recruits a thorough selection process to choose the most worthy candidates. This procedure takes into account academic achievements and economic circumstances. This process is divided into various stages, each of which serves a certain purpose:

Initial Shortlisting 

The first step in the selection process is the initial shortlisting of candidates. This step is done by evaluating the candidate's eligibility criteria. To be qualified for this scholarship, candidates must meet specific requirements, such as minimum academic performance standards and economic need. Those who pass this stage will move to the next stage.

Document Verification

Once candidates are selected, their documents are subjected to an accurate verification process. This stage is conducted to ensure the validity of the information provided in their candidates.

Personal Interview

After the documents are verified, the selected candidates are called to participate in a personal interview. During the interview, candidates have the chance to discuss their academic achievements, aspirations, and financial circumstances.

SBI Asha Scholarship: Objectives

The main goal of the SBI Asha Scholarship Program is to give money to worthy kids from low-income families who have demonstrated academic achievement. This foundation is making every effort to carry out the program and connect it with financially disadvantaged pupils.

SBI Asha Scholarship: Why Apply?

  • The scholarship program provides financial assistance to students to help with the costs of their education, including books, tuition, stationary, and other expenses. 
  • Students are motivated by the scholarship program's stories of other SBI Asha scholars who have triumphed over adversity. 
  • Provides candidates with skill development training provided by the SBI Foundation and its partners, as well as mentorship and assistance. 
  • Provides extensive exposure to networks and chances to achieve their objectives.
SBI Asha Scholarship FAQs
Q.  What is the SBI Asha Scholarship Program 2024?
A. An initiative of the SBI Foundation, the SBI Asha Scholarship program 2024 provides financial aid to academically gifted students from low-income Indian households. 
Q. What is the application deadline for the SBI Asha Scholarship Program 2024?
A. The SBI Asha Scholarship program will accept applications through November 30, 2024. 
Q. Who is eligible for the SBI Asha Scholarship?
A. Students who enrolled in classes 6 through 12 and received a 75% grade in the most recent academic session are eligible to apply for the SBI Asha Scholarship program. Additionally, students must come from low-income households with an annual income of less than Rs. 3 lakh. 
Q. How is the fund disbursed under SBI Asha Scholarship program?
A.  Under the SBI Asha Scholarship program, a sum of Rs. 10,000 is awarded to the candidate and put into the bank account that they specified on the application. 
Q. What is the scholarship amount for the SBI Asha Scholarship?
A. The Rs. 10,000 award for the SBI Asha award program will be deposited into the candidate's bank account, which they will have specified when completing the application. 
Q. How can I check the status of my SBI Asha Scholarship application?
A. You can check your SBI Asha Scholarship program application status by visiting the official website.  

SBI Asha Scholarship: Contact Details

If the candidates face any issues related to scholarship. They can contact the number. Candidates can also visit the official website of the SBI Foundation.

Contact Number

011-430-92248

Website

https://www.sbifoundation.in/

 

Frequently Asked Questions

What is the SBI Asha Scholarship Program 2024?

SBI Asha Scholarship program 2024 is an initiative of SBI Foundation that offers financial assistance to the academically bright student who belong to low-income families residing in India.

Who is eligible for the SBI Asha Scholarship?

The eligible candidates for SBI Asha Scholarship program are those students with 75% marks in recent academic sessions and have enrolled for class 6 to 12. Besides, students should belong to low-income families with annual income less than Rs.3 lakh.

How is the fund disbursed under SBI Asha Scholarship program?

The Rs.10,000 fund is disbursed under the SBI Asha Scholarship program and deposited to the bank account of the candidate provided by them while filling out the application form.

Can a 12th-passed student apply for this scholarship?

No, a class 12th passed student cannot apply for this scholarship to get the financial aid as the candidate applying for the scholarship scheme must have enrolled for class 6 to 12.

How many times can I apply for the scholarship?

The eligible candidates can apply for the scholarship only once and not more than that.

What is the scholarship amount for the SBI Asha Scholarship?

The scholarship amount for SBI Asha Scholarship program is Rs.10,000, deposited to the candidate's bank account as mentioned while filling in the application.

Am I eligible for this scholarship if my family income is Rs.2 lakh p.a.?

Yes, as per SBI Asha Scholarship program, if your family income annually is less than Rs.2 lakh then you are eligible for this scholarship.

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