News Description
Kotak Education Foundation announces 500 merit cum means based scholarships, doubling the number of scholars in 2024-25
By Kotak Education Foundation
August 9, 2024
Kotak Education Foundation (KEF) - the CSR implementing agency of Kotak Mahindra Group, announced 500 scholarships under the Kotak Kanya Scholarship programme, doubling the numbers of scholars as it enters the 4th year, to support higher education of meritorious girls from economically disadvantaged section across India.
The scholarship program aims to empower the girl students by providing them with financial support of INR 1,50,000 per year, across 4 – 5 years, enabling them to pursue their higher education without financial constraints. Beside, Financial assistance, the scholarship facilitates holistic development of the scholars through intensive student engagement and finishing school activities. The response and outcomes from the Kotak Kanya Scholarship in the first three years were truly inspiring and 525 meritorious girls are supported through this venture across 24 States of India, and 122 top ranked Institution.
Jayasree Ramesh, Executive Committee Member (EC) & Director of Education Programme and Scholarship, Kotak Education Foundation said, "The Kotak Kanya Scholarship Program is a bespoke initiative designed to uncover and cultivate the unique potential of each scholar. We are committed to fostering their holistic development, extending beyond academic excellence to nurture their distinct talents and leadership attributes. Our scholars, empowered as change-makers, become beacons of hope not only for their families but also for the future of India, embodying the promise of a brighter tomorrow."
KEF’s scholarship wing has been supporting students for over a decade, providing scholarship and financial assistance to over 3600 scholars till date. Over 800 alumni are successful white-collar professionals working in leading companies and other esteemed institutions.
Benefits:
• Scholarship of INR 1,50,000 per year – across 4 -5 years of higher education
• The KK Scholarship, has a holistic approach towards nurturing the scholars beyond financial aid making them ready for the professional world.
• The KK Scholarship provide scholars with intensive student engagement support such as mentoring sessions, life skill and mental well-being sessions in collaboration with reputed finishing school organizations to make them future ready.
• Our expert mentoring session by industry expert from the particular domain helps the scholars to get a glimpse of the real world professional landscape.
• To support students in their academic journey KEF also provided the engineering and medical students with additional subscription of Unstop and Marrow respectively for additional skill development of the scholars in their respective fields.
Achievements:
• The KK Scholarship project has grown 950% in a span of 3 years from 50 students in 2021 to 525 in 2023.
• The KK Scholarship has not only spread its wings across 24 states but also found its esteemed place in 122 institutes nationwide.
• Kotak Kanya Scholarship has representation from all top ranked NIRF colleges in Engineering, MBBS, Law, Architecture and Design. Our scholars belong to the top 17 IITS of India, reputed NITS, NLUs and top medical colleges including AIIMS, JIMPER, Christian Medical College etc.
• 86 % of the scholars are from STEM fields and 40% of the students from IITs have scored within 10,000 All India rank in JEE advance.
• KEF has collaborated with esteemed Finishing school organizations like Talerang, Plaksha University for imparting the best finishing school certified training to the scholars.
• KK Scholars have got the opportunity to work as interns with Google, Jaguar Land Rover India Limited, Goldman Sachs, NLC Neyveli, BARC, GKN Aerospace, Dr. Reddy’s Lab, University of Oulu Finland etc. while our legal students have won several moot court competitions across India.
Eligibility Criteria for Kotak Kanya Scholarship:
• Open for meritorious girls across India.
• Applicants must have scored 75% or more marks or equivalent CGPA in class 12 board examinations.
• Applicant's annual family income must be below INR 6,00,000. (Rupees 6 Lakh)
• Meritorious girls who have secured admission to the first year of graduation programs in the academic year- 2024 from institutes of repute (NIRF/NAAC accredited) for professional graduation degrees like Engineering, MBBS, Integrated LLB (5 Years) or other professional courses (Design, Architecture, BSC Nursing, Research etc.)
Kotak Education Foundation
It has been a rewarding sixteen years since we embarked on our mission to equip economically disadvantaged children and youth with education and foundational skills, galvanizing them towards a better future. Our ‘Inch Wide Mile Deep’ approach, home-grown projects focused on quality education for the low-income segment have been instrumental in shaping the success of our projects across India. KEF’s approach is primarily three-pronged –
a) holistic interventions with children and educators in school,
b) equitable scholarships for higher studies, and
c) vocational education and skills training for livelihood.
KEF launched Kotak Kanya Scholarship in 2021 to offer financial and academic support to meritorious girl students for the pursuit of higher education from all across India. Kotak Junior Scholarship supports meritorious students from the Mumbai Metropolitan Region for pursuing 11th and 12th Standard. KEF’s Unnati project upskills unemployed youth from economically weaker sections of society and coaches them in the basics of IT and spoken English, life skills and personality development. It ensures placements for all eligible participants so they can stride with confidence into any professional sphere.
KEF is now at the cusp of change as it prepares for the next chapter in its journey toward empowering the youth with quality education and livelihood. Armed with its vast experience and expertise, the organization now aims to scale its depth as well as the breadth of its reach. KEF’s philosophy is evolving from a ‘school as a unit’ to working toward district/state level education transformation. As KEF expands its ambit, it will help drive systemic reform and state education transformation to create long-term Impact at Scale. Strengthening school leadership and teacher capacity building, creating a digital ecosystem and learning environment in schools, equipping middle school students with confidence and skills of communicative English, upskilling teachers to provide Foundational Literacy & Numeracy skills through Kshamata project and supporting districts in building and running Model Schools through these key projects. KEF is expanding to new geographies through the capacity building- Kshmata project beyond Maharashtra, supporting schools in Gujarat, Andhra Pradesh and Goa.
For more information, please visit the Company’s website at www.kotakeducation.org
About Kotak Mahindra Group
Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd (KMBL).
Kotak Mahindra Group (the Group) offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life and general insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked.
Kotak Mahindra Group has a global presence through its subsidiaries in UK, USA, Gulf Region, Singapore and Mauritius with offices in London, New York, Dubai, Abu Dhabi, Singapore and Mauritius respectively. As on 31st March, 2023, Kotak Mahindra Bank Ltd has a national footprint of 1,780 branches and 2,963 ATMs, and branches in GIFT City and DIFC (Dubai). For more information, please visit the Company’s website at https://www.kotak.com
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