SBI Asha Scholarship 2023: Last Date, Eligibility & Prize Amount

Nikhar Aggrawal

Updated On: August 07, 2023 01:09 PM

Want to apply for the SBI Asha Scholarship? Get the complete information on how to apply, eligibility criteria, benefits and documents required for it.
SBI Asha Scholarship 2023

The SBI Asha Scholarship Program 2023 is an initiative of the SBI Foundation's education vertical, Integrated Learning Mission (ILM). The SBI Foundation scholarship offers financial assistance to deserving students from low-income families all over India in order for them to continue their education. Students in Classes 6th-12th have the opportunity to apply for and receive scholarships.

The SBI Asha Scholarship Programs’ primary goal is to provide financial support to deserving students who have excelled in school but come from families with low incomes. We will discuss SBI Asha Scholarships’ eligibility criteria, its application process, and the documents required for it. The scholarship application form is going to be available on the Buddy4Study official website, where candidates interested in this opportunity can fill it out. Your qualifying exam scores will determine your eligibility for this SBI scholarship 2023.

Also Read: Best Scholarships for College Students in 2023

SBI Asha Scholarship Program Highlights

Students can check the SBI Scholarship Program 2023 highlights in the table shown below:

Name of the Scholarship Program

SBI Asha Scholarship

Year Launched

2022

Scholarship Sponsor

State Bank of India (SBI)

Eligible Classes for the Scholarship

From class 6 to 12

Applying Mode

Online

Who can apply for the SBI Asha Scholarship?

PAN India students studying in classes 6 to 12 with an annual family income of less than 3 Lakh can apply for SBI Scholarship 2023. Students must have a minimum of 75% in the previous academic year.

SBI Asha Scholarship Program Eligibility

Students can check the complete eligibility criteria for SBI Scholarship :

1. These Asha scholarships are available only for students:

  • Enrolled in their first year of undergraduate studies at one of the top NIRF universities/colleges  (for SBI Foundation Scholarship Program for Undergraduate/IIT Courses)
  • Enrolled in the first year of an MBA/PGDM program at a top IIM  (for SBI Foundation Scholarship for IIM Students )
  • Enrolled in the first year of a PhD programme at an renowned institute (for SBI Foundation Scholarship for PhD Students)

2. Applicants must have an overall grade point average of at least 75% in:

  • Class 12th (for SBI Foundation Scholarship Program for Undergraduate/IIT Courses 2023)
  • Graduation (for SBI Foundation Scholarship for IIM Students 2023)
  • Post-graduation (for SBI Foundation Scholarship for PhD Students 2023)

3. All students enrolled in Class 6th-12th currently are eligible.

4. The applicant's total annual family income from all sources cannot exceed INR 3,00,000.

5. Only PAN India students are eligible to apply for the SBI Foundation Scholarship.

6. Applicants applying for SBI Scholarship 2023 for PhD Students have to perform research in areas such as Cybersecurity, New Payment Models, Innovative Finance Mechanisms, Intellectual Property Rights, Microfinance And Credit Linkage, Policy Reform That Promote Financial Inclusion, Last-Mile Access To Digital Banking With Financial Services, and so on.

SBI Asha Scholarship Program Benefits

True to its tradition of service beyond banking, the Foundation now works in over 28 Indian states and union territories on Rural Development, Education, Livelihood & Entrepreneurship, Healthcare, Sports Promotion, Youth Empowerment and other areas to contribute to the socio-economic development and improvement of the underprivileged sections of society. SBI Foundation scholarship program is committed to reflecting the SBI Group's ethos through carrying out measures that are ethical, promote growth and equality which have a positive impact on society.

In the table provided below students can check the various SBI Scholarship 2023 available along with their deadline and scholarship amount.

Name of Program

Application Deadline

Scholarship

SBI Asha Scholarship Program for Undergraduate Courses 2023

30th April 2023

INR 50,000/-  per year

SBI Asha Scholarship for IIT Students 2023

30th April 2023

INR 3,40,000/-  per year

SBI Asha Scholarship for IIM Students 2023

30th April 2023

INR 5,00,000/-  per year

SBI Asha Scholarship for PhD Students 2023

31st May 2023

INR 2,00,000/-  per year

SBI Asha Scholarship Program Documents Required

Applicants can checkout the documents required for SBI Asha Scholarships:

  • A government-issued ID Proof  (Aadhaar card/voter identity card/driving license/PAN card)
  • Previous Academic Year Marksheets (Class 12th/ Graduation/ Post-graduation whichever is required)
  • Admission proof of current year(fee receipt/ institution identity card/ admission letter/ bonafide certificate)
  • Bank Account Information of applicant (or parents)
  • Income proof (Form 16A/ income certificate from government authority/ salary slips, etc.)
  • Applicant's Photograph

SBI Asha Scholarship Program Application Process

Those who want to apply for the SBI Scholarship 2023 can follow the steps provided below:

  • Visit the official Buddy4Study website.
  • Click on "Apply Now." by scrolling down under the SBI Asha Scholarship Program.
  • When you click on it, a small box will appear which will ask you to sign in using an Email/Mobile Number/Gmail account.
  • Applicants who have already registered on buddy4study can directly log in. Otherwise, click the "Register" button.
  • When you click "Register," a new page will appear.
  • Enter your name, phone number, valid email address and all the required details along with a unique password. Then click the Register button.
  • The applicant needs to verify their phone number and email address using the OTP.
  • Following that, the applicant will be directed to the SBI Scholarship 2023 application form page.
  • Click on "Start Application" to open the real application form for SBI Asha Scholarship.
  • On the following page, applicants must enter the necessary details and then upload  all the documents required.
  • Accept the Terms and Conditions after carefully reading them.
  • If all of the information displayed is correct and in the proper format, click the "Submit" button to complete the application.

Note: If there is an error in the application, the candidate must correct it before submitting it.

SBI Asha Scholarship Program Application Status

Students can follow the steps provided below to check the SBI Asha Scholarship Program 2023 Application Status:

  • Visit the official website of Buddy4Study.
  • Login using your registered mobile number/email and password.
  • After that click on the applied scholarship tab which is present on the right side of the page.
  • A new window will open, which will show you the status of your application.
  • If your application is completed and verified then the status will show Successfully Submitted and if it isn’t it will show Pending.
  • As soon as the status changes to successfully submitted and the verification is done, the total scholarship money will be transferred to the provided bank account.

SBI Asha Scholarship Program Selection Procedure

The SBI Scholarship 2023 selection process will include a preliminary shortlisting of applications, as well as academic merit and financial background. Applicants will also have to take part in a phone interview, which will be followed by a document verification ground.

Following that, they will be given the opportunity to participate in this SBI Asha Scholarship 2023. This is a one-time scholarship which will be successfully transferred to the selected candidates' bank accounts.

SBI Asha Scholarship Program Contact Details

If the applicant has any concerns about the SBI scholarship 2023, please contact the number listed below. You can also go to the SBI Foundation's official website.

Contact Number

011-430-92248  (Ext-303)

Email

sbiashascholarship@buddy4study.com

Related Articles:

UP Scholarships Last Date 2023

How to Check Digital Gujarat Scholarship Status 2023?


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FAQs

Only school students are eligible for the SBI Scholarship 2023?

Yes, only school students are eligible for SBI scholarship 2023. Applicants must be enrolled in 6 to 12 classes. The minimum grade must be 75% of the previous year's grade.

What are the types of SBI Foundation Asha Scholarships available?

There are four types of SBI Asha Scholarships available:

  • SBI Asha Scholarship Program 2023 for Undergraduate Courses
  • SBI Asha Scholarship Program 2023 for IIT Students
  • SBI Asha Scholarship Program 2023 for IIM Students
  • SBI Asha Scholarship Program 2023 for PhD Students

Which organisation carries out the SBI Foundation’s new SBI Asha Scholarship Program 2023?

The BuddyForStudy organisation carries out the SBI foundation's new SBI Asha Scholarship Program 2023. The application form can be found on their official website and applicants can fill and submit the form on their website.

Who can apply for the SBI Asha Scholarships 2023?

Applicants must have received at least 75% in their Class 12 examination. The applicants' annual family income from all sources must not exceed INR 3 lakh and only PAN India students can apply for the SBI Asha scholarships 2023.

How am I going to be selected for this SBI Asha Scholarship 2023?

The selection procedure  for this SBI Asha Scholarship 2023 is divided into two steps:

  • Complete the application form. The application and financial background will be reviewed by the authority.
  • Shortlisted candidates will be contacted by phone and interviewed only during the phone call. Finally, the documents will be checked for legitimacy.

Is this SBI scholarship 2023 available to me as my family's annual income is Rs 2 lakh?

Yes, this SBI scholarship 2023 will be available to you if your family's annual income is Rs 2 lakh. Candidates with family incomes of less than three lakh rupees are eligible for this SBI scholarship 2023.

Are the SBI Asha scholarships legitimate?

SBI Asha Scholarship 2023 is a huge and very beneficial initiative by SBI Foundation which is one of the prominent bank-associated partners. It falls under the SBI foundation's Corporate Social Responsibility (CSR) plan which makes SBI Asha scholarships legitimate.

Will I be eligible for this scholarship in future years of studies?

No. This is a one-time scholarship available to students Pursuing Graduation, Post Graduation (MBA/PGDM), or PhD programmes. Therefore, you will not be eligible for this SBI scholarship 2023 in future years of studies.

If I am selected, how will I receive the scholarship from the SBI scholarship 2023 program?

After selection, the scholarship money will be directly transferred to the scholars' bank accounts and only through bank transfer, you will receive the scholarship from the SBI foundation scholarship program.

How do I apply for the SBI Asha scholarship 2023?

To apply for the SBI Asha scholarship 2023, the student must complete the scholarship application form. The relevant authority will review the application and conduct a financial background check. The authorities will contact the selected candidates and conduct an interview. Following this, the documents will be verified.

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