Applications are invited for IDFC FIRST Bank Engineering Scholarship 2023-27. The last date of application is 15 September.

About the Scholarship

The Engineering Scholarship Program is a need-based financial assistance program for engineering students who have secured admission to selected B-Tech/BE colleges in India. The program supports a part of the student’s tuition fee for four *years of full-time engineering degree.

Eligibility Criteria

  • Eligible for students who are currently studying in the first year of their B-Tech/BE courses from selected colleges in India
  • Annual family income up to ₹ 6,00,000 per annum or less
  • Students who have not received any other scholarship or tuition fee waiver for their engineering course
  • Students should have secured admission to one of the colleges as per the list
  • Children of IDFC FIRST Bank employees are not eligible for the program

Benefits

  • Number of Scholarships Available: 50
  • Number of Years of Support: 4 *years
  • Scholarship Amount: tuition Fee of one year or 1 lakh p.a. (whichever is lesser)

Application Process

Interested and eligible candidates can apply online via this page.

Required Documents

Below is the list of documents that have to be uploaded before the final submission of the application form:

  • A government-issued address proof and identity proof (Aadhaar card)
  • Proof of admission (college/school ID card, academic fees receipt) for the academic year
  • Family income proof (ITR Form-16/income certificate from competent government authority/salary slips)
  • Birth certificate.

Selection Process

  • Candidates need to fill out the multi-step online application form that includes personal details, academic details, documents, etc.
  • Shortlisting based on eligibility criteria
  • Document-check and first-level shortlisting + waitlist
  • Home visit verification for shortlisted students
  • Final selection based on home verification visit
  • Scholar onboarding
  • Fund disbursement (year 1)
  • Marksheet submission for previous year’s result for subsequent year fund disbursement.

Timeline

Applications will be live from 01 September 2023 To 15 September 2023.

Terms & Conditions

  • Candidate should be enrolled in the first year of their full-time, four-year engineering degree course (B.E./ B. Tech Degree).
  • Candidates opting for dual degree/part-time/distance learning/diploma/exchange programs in engineering are not eligible to apply.
  • Only Indian nationals are eligible to apply.
  • The scholarship will be awarded for 4 years only (subject to the scholar passing all exams ) and not beyond this tenure. If a scholar fails to pass any of the exams, they will be considered a dropout and the scholarship will be revoked immediately.
  • Once selected, the scholar needs to submit mark sheets for each passing year to be eligible for the next year’s scholarship. Only students who pass all of their engineering exams will be awarded scholarships for subsequent years.

FAQs

I am not in the first year of my engineering degree, can I apply for the scholarship?

No, only students in the first year of their full-time engineering degree course are eligible for the scholarship.

I cannot find my college name in the list of eligible colleges, how do I apply?

If you cannot find your college listed in the list of eligible colleges, then you are not eligible to apply for the IDFC FIRST Bank engineering scholarship program.

How many years will I receive the scholarship amount?

The student shall receive the scholarship amount for four years of studies provided he/she clears all his/her exams in the same year that they were scheduled for without any dues or failure. Kindly refer to *T&C for further information.

Which documents are acceptable as proof of family income?

Income Certificate & ITR of last financial year , Orphan certificate ( if applicable) are acceptable.

Is the EWS Certificate valid proof of Income?

No. The EWS certificate is an income and asset certificate issued to the economically weaker category and is not accepted as income proof as it does not establish the exact income of the applicant.

Click here to view the official notification of IDFC FIRST Bank Engineering Scholarship 2023-27.