In a significant move to support education among underprivileged students, the Kotak Education Foundation (KEF), the corporate social responsibility (CSR) arm of Kotak Mahindra Group, has announced the Kotak Junior Scholarship program. This initiative aims to provide 1,000 scholarships to academically exceptional students from economically disadvantaged backgrounds across the Mumbai Metropolitan Region (MMR) who have completed their Class 10 education.
The scholarship offers financial aid of Rs. 73,500 over a period of 21 months, covering both grade 11th and 12th. The money is provided to the students in the form of Rs. 3,500 per month during classes 11th and 12th. Beyond monetary support, the program encompasses mentorship, academic assistance, career guidance, and exposure visits to facilitate the holistic development of the students.
Eligibility criteria for applicants for this scholarship are that the applicants must have secured over 85% in SSC, CBSE, or ICSE Class 10 board examinations. They must also have admission into Class 11 at a college within Mumbai, and also have residency within the Mumbai Metropolitan Region. Finally, the annual family income of the applicant must not exceed Rs. 3,20,000.
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The Kotak Junior Scholarship program is part of KEF’s broader commitment to empowering youth through education. Over the past 17 years, KEF has provided scholarships and financial assistance to over 3,600 scholars, with more than 800 alumni now working as successful professionals in various sectors.
Arati Kaulgud, Executive Committee Member and Head of Scholarship Programs at the Kotak Education Foundation, emphasized the foundation’s dedication to providing opportunities and access to quality education, stating, “The Kotak Junior Scholarship is not only a financial aid initiative but a comprehensive support system to equip young students with tools for academic and professional success..”
Kotak Education Foundation (KEF) stands on the brink of a new phase in its mission to uplift young people through access to quality education and sustainable livelihood opportunities. Drawing on years of experience and deep expertise, the foundation is now poised to broaden both the scope and depth of its impact. Moving beyond its earlier focus on individual schools, KEF is shifting toward fostering change at the district and state levels. This strategic evolution will enable the organization to contribute more significantly to systemic educational reforms and long-term, large-scale transformation.
As the central body responsible for executing the Kotak Mahindra Group’s education-focused CSR programs, KEF plays a vital role under the group’s CSR identity. Through this initiative, the foundation continues to drive meaningful and lasting change across the educational landscape.
