Saksham Scholarship Program 2023 for School Students of Classes 1 to 8 by Mahindra Finance [Rs. 5k for 1 Year]: Apply by Sep 30!

"This opportunity is brought to you by Team SAMMAT for free."

Applications are invited for the Saksham Scholarship Program 2023 for School Students of Classes 1 to 8. Apply by September 30, 2023!

About the Saksham Scholarship

Saksham Scholarship Program for Drivers’ Children is an initiative by Mahindra and Mahindra Financial Services Limited (MMFSL) to provide financial assistance to the children of drivers’ community to support them in continuing their education.

Mahindra Finance believes in empowering the academic and career goals of children of drivers by removing the financial barrier. The scholarship is open for students from Andhra Pradesh, Tamil Nadu, Telangana and Karnataka, who are studying in Classes 1 to 12, graduation, and postgraduation levels.

The selected scholars will be provided with a one-time (fixed) financial assistance of up to INR 20,000 to cover their academic expenses.

MMFSL, a part of the Mahindra Group, is one of India’s leading non-banking finance companies operating in rural and semi-urban India. The company has introduced this scholarship program as part of its CSR (Corporate Social Responsibility) Flagship program “Swabhimaan” with an objective to financially support underprivileged children/wards of drivers’ community in continuing their education.

Eligibility Criteria

Open for students from Andhra Pradesh, Tamil Nadu, Telangana and Karnataka.
Applicants must be studying in Class 1 to 8.
One of the parents should be a driver (all light motor vehicles and small commercial vehicles such as Taxi, Jeep, Car & delivery vans such as Pickup, magic, school van, etc.) and should hold a valid driving license.
Annual family income of the applicants from all sources should not be more than Rs. 3,00,000.

Important Note

Preference will be given to girl students.
Scholarships will be granted to a maximum of two students per family.
Children or family members of Mahindra Finance & Buddy4Study are not eligible.

Benefits

Rs. 5,000 for 1 year.

Documents

Marksheet of the previous qualifying examination.
Photo identity proof (Aadhaar card, voter ID card, driving license, PAN card).
Proof of family income (Form 16A, income certificate from a government authority, salary slips, etc.)
Admission proof (Fee receipt, admission letter, institution ID card, bonafide certificate).
Bank account details of the applicant (cancelled cheque, passbook copy).
Commercial driving license (for taxi, cab, minivan, school van, magic/pick-up, etc.)
Contract copy or income proof or employee ID card (for cab driver’s profile if they don’t possess a commercial driving license).
Address proof (Domicile certificate, residential certificate, telephone bill, ration card).
Photograph of the applicant.