Applications Invited for Federal Bank Hormis Memorial Foundation Scholarship

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Federal Bank - CSR LogoChennai, 07.11.23: Federal Bank invited applications for Federal Bank Hormis Memorial Foundation Scholarships for the academic year 2023-24. The scholarship is a project under the CSR initiatives of the Bank and is dedicated to the memory of the Bank’s Founder, Late Shri K P Hormis.

Courses eligible for the scholarship are MBBS, Engineering, BSc Nursing, MBA, and BSc Agriculture including BSc (Hons) Co-operation & Banking with Agriculture Sciences conducted by Agriculture Universities. The annual family income of the applicant should be below ₹ 3,00,000/-. Children of armed forces personnel who gave up their lives for the nation will be considered under a separate channel and the family income stipulation does not apply to students falling under this category. Students applying for the scholarship should have secured admission for the first year under merit in Government/ Aided/ Government Recognised Self-financing/ Autonomous colleges during the Academic year 2023-24

Ajith Kumar K K, Chief Human Resources Officer, Federal Bank said “The heartbeat of the Bank’s CSR initiatives echoes in the transformative power they wield—nurturing communities, championing environmental sustainability, and crafting a shielded tomorrow for the future. Our commitment to education, especially vocational avenues, is a beacon for those wrestling with financial constraints. We’ve been catalysts for dreams, ensuring students not only complete their courses with our backing but also step into a world of meaningful employment.”

Students belonging to the states of Kerala, Tamil Nadu, Karnataka, Maharashtra, Gujarat, and Punjab are eligible to apply for the scholarship. One seat in each discipline will be kept aside for physically challenged students, and additionally, will include a category for Speech/ Hearing/ Vision impaired students, which shall be duly evidenced by a certificate issued by a Medical Officer, not below the rank of DMO or an approved Medical Officer of the Bank. If applications are not received under a physically challenged category, they will be utilized under the general category.

Selected students will be reimbursed 100% of tuition fees and other educational expenses paid as per the fee structure of the college, subject to a maximum of Rs.1 Lakh per year. Last date for online application: 17.12.2023