Over 750 scholarships to be awarded to meritorious students from economically disadvantaged sections

MUMBAI, 5th JUNE, 2023 (GPN): Kotak Education Foundation (KEF) – the CSR implementing agency of Kotak Mahindra Group, announced the launch of the Kotak Junior Scholarship programme to support further education of Class 11+ meritorious students from economically disadvantaged section across the Mumbai Metropolitan Region. With this programme, KEF aims to create a strong support system at the grass-root level beyond financial aid to the overall education and development for the future youth of the country.

This programme, spanning an initial term of 2 years for Class 11 + students from SSC, CBSE, and ICSE board, involves robust engagement activities beyond financial support such as one-to-one mentoring, career guidance sessions, entrance exam preparation support, exposure visits, and home visits.

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. 

Jayasree Ramesh, Executive Committee Member (EC), Head of Education Programme and Scholarship, Kotak Education Foundation said, “At Kotak Education Foundation, a deep-rooted focus on empowerment through education has been a key priority for us over the past 16 years. KEF has a legacy and expertise in offering scholarships for students from underserved communities. With the Kotak Junior Scholarship, we are focused towards a concrete student engagement plan to develop strong and qualified professionals, thereby helping their families rise above poverty.”

Eligibility criteria for the Kotak Junior Scholarship are as follows:

• Scored more than 85% in the SSC/CBSE/ICSE Examination and secured admission for Class 11 in Colleges in Mumbai
• Family income is less than Rs.3,20,000/- per annum
• Within MMR (Mumbai Metropolitan Region)

Kotak Karma is the Corporate Social Responsibility (CSR) identity of Kotak Mahindra Group.

Kotak Education Foundation

Kotak Education Foundation aims to support children and youth from underprivileged families through different education-based interventions, namely School Education, Scholarship, and Vocational Education so they can rise above the poverty line and lead a life of dignity through sustainable process. Registered in 2007, KEF has partnered and supported about 200 schools in Mumbai and nearby suburbs and has impacted about 1 lakh plus students, around 1,000 school Leaders, 10,000 teachers and about 30,000 plus school parents. KEF has succeeded in supporting students coming from Low income families to become Engineers, Doctors and Financial Professionals. Currently, KEF is working across Mumbai, Nashik, Palghar, Thane and Pune   for school education and vocational Education projects and has a presence across India for its scholarship Project and Financial aid to students impacted negatively by COVID. 

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