The HDFC Bank Parivartan Scholarship is an educational initiative under the HDFC Bank’s flagship social responsibility program, Parivartan – Transforming Lives. The program aims to provide financial support to meritorious and needy students across India, enabling them to continue their education without the burden of financial stress. It covers a wide range of students, from school level to postgraduate studies, and focuses on those facing economic difficulties.
Objective of the Scholarship
The primary goal of the HDFC Parivartan Scholarship is to bridge the education gap by offering monetary aid to students from economically weaker backgrounds. It ensures that talented and ambitious students are not forced to drop out due to a lack of funds. This initiative aligns with HDFC Bank’s vision of empowering communities through education, one of the key pillars of their CSR activities.
Eligibility Criteria
The scholarship is open to students from Class 1 to post-graduation. The eligibility requirements vary depending on the academic level, but generally include:
- Academic Performance: Applicants must have secured at least 55% marks in their previous qualifying examination.
- Family Income: The annual family income should not exceed ₹2.5–₹6 lakh, depending on the category.
- Nationality: The applicant must be an Indian citizen.
- Special Preference: Students facing personal or family crises, physical disabilities, or those from socially disadvantaged backgrounds are given priority.
Scholarship Categories
The HDFC Parivartan Scholarship is typically offered under three main categories:
- Merit-cum-Need Based Scholarship – For academically strong students from low-income families.
- Crisis Support Scholarship – For students whose families are going through sudden crises such as job loss, medical emergencies, or death of the breadwinner.
- Special Category Support – For differently-abled students or those from marginalized communities.
Financial Benefits
- School Students (Class 1–12): ₹15,000 to ₹35,000 per year.
- Undergraduate Students: ₹40,000 to ₹50,000 per year.
- Postgraduate Students: ₹75,000 per year.
The amount is directly transferred to the student’s or institution’s bank account to cover tuition fees, academic expenses, and related educational needs.
Application Process
The application process is completely online through official scholarship portals such as Buddy4Study or HDFC Bank’s CSR page. The steps include:
- Registration on the portal.
- Filling in personal, academic, and family details.
- Uploading required documents such as income proof, academic certificates, ID proof, and a passport-sized photograph.
Important Documents Required
- Aadhaar card or any government-issued ID
- Income certificate
- Mark sheets of the last qualifying examination
- Admission proof for the current academic year
- Bank account details
- Recent passport-size photograph
Impact of the Scholarship
Over the years, the HDFC Parivartan Scholarship has transformed thousands of lives by making quality education accessible to underprivileged students. It not only reduces the dropout rate but also motivates students to aim higher in their careers.
Conclusion
The HDFC Parivartan Scholarship is more than just financial aid—it is a lifeline for students striving to overcome economic barriers. By investing in education, HDFC Bank is investing in the nation’s future, ensuring that no deserving student is left behind due to financial constraints.