In its ongoing commitment to bridging the gap between aspirations and accessibility, Tata Motors, India’s leading automobile manufacturer, today announced the launch of two special funding programs, ‘Vidyadhan’ and ‘Utkarsha’. These initiatives aim to support the higher education of children of its technicians working in manufacturing facilities across India, including plants in Pune, Lucknow, Jamshedpur, Dharwad, Sanand, and Pantnagar regions.
Under the ‘Vidyadhan’ program, education loans are being made available at concessional rates to support the higher education of children who have successfully cleared grades 10th and 12th. The ‘Utkarsha’ program offers additional annual scholarships to benefit girls, transgender individuals, and specially-abled children.
Announcing the launch of Vidyadhan and Utkarsha, Mr Sitaram Kandi, Chief Human Resources Officer (CHRO) of Tata Motors, stated, “Quality education is vital for progress and development. With these programs, we are making higher education more accessible and enabling the next generation of our hardworking technicians to fulfil their dreams as well as those of their parents. While the children can focus on studying beyond 10th and 12th grades in any field of their choice, the parents do not have to worry anymore about the financing required for it. They will have better opportunities to build a successful career and life with the right qualifications and skills.”
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Vidyadhan: Building Brighter Futures
‘Vidyadhan’, an education loan program, serves as a transformative bridge to higher learning, empowering the next generation to realise their potential to the fullest. Eligible technicians can access loans of up to Rs. 7.5 lakh, covering up to 95% of fees for domestic education or up to 85% for international education fees. These loans are being offered in collaboration with the State Bank of India (SBI), with Tata Motors providing concessions on the interest rate charged by SBI – 50% lower interest rates for boys and 70% lower for girls, transgender individuals, and specially-abled children. To qualify, students must be enrolled in a full-time graduate or postgraduate course of at least two years in duration affiliated with recognised universities or AICTE-equivalent institutions in India or abroad.
Utkarsha Scholarship: Fostering Inclusivity with Empowerment
The ‘Utkarsha’ program will provide a scholarship of Rs. 25,000/- annually to support the higher education of girls, transgender individuals, and specially-abled children post successful completion of grade 10th or 12th. To qualify, applicants must have scored a minimum of 60% and secured admission to a recognised university or AICTE-equivalent institution in India or abroad.
With the launch of Vidyadhan and Utkarsha, Tata Motors continues to demonstrate its commitment to empowering the next generation through accessible and inclusive education, ensuring that the children of its technicians have the opportunities and support needed to achieve their educational and career goals.
