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The IDFC FIRST Bank has launched the IDFC FIRST Bank MBA Scholarship for providing or awarding the scholarship amount to students who want to pursue Business Administration in their Post Graduation or Master’s Phase. For pursuing an MBA degree, the students will be given an amount of Rs. 2,00,000/- for 2 years.
Today through this article we will provide you with all types of information about this scholarship like Purpose, Eligibility Criteria, Benefits, Features and important Documents etc. Apart from this, we will share with you the process of applying online under this scholarship. To get complete information about this scholarship initiative, read this article till the end.
IDFC FIRST Bank MBA Scholarship 2023
Those students who want to pursue or undertake MBA degrees with the help of financial help and support can apply online under the IDFC FIRST Bank MBA Scholarship so that they will be able to pay out their college fees till the completion of their studies. This scholarship will be provided by the authorities of IDFC First Bank. Scholarships will be provided to the students for 2 years. Students can also get admission to anyone out of empanelled colleges.
For getting financial assistance for pursuing MBA degrees, the students can apply for this scholarship in return for getting the scholarship amount. There are around 350 students which will be able to get the scholarship amount across the state for getting admission to the MBA degree from the empanelled college or university.
Highlights Of IDFC FIRST Bank MBA Scholarship Scheme
The highlights of this scholarship are as follows: –
| Name Of The Scholarship | IDFC FIRST Bank MBA Scholarship |
| Launched By | IDFC FIRST Bank |
| Delegated State | Tamilnadu |
| Allotted Portal | IDFC FIRST Bank Portal |
| Delegated Ministry | Ministry of Electronics & Information Technology |
| Objective | To provide scholarships to students for pursuing MBA degrees |
| Benefit | Students will be able to pursue their college-based studies |
| Applicable To | Citizens of India |
| Beneficiaries | Students undertaking MBA courses |
| Age Limit | 35 Years |
| Mode Of Transfer | DBT (Direct Benefit Transfer) |
| Payment Mechanism | e-payment mechanism |
| Form of Benefit | Scholarship amount |
| Scholarship Transferral | Monthly Basis |
| Amount of benefit | Rs. 2,00,000/- |
| Scholarship Tenure | 2 Years ( 24 Months) |
| No. of beneficiaries | 350 |
| Last Date To Apply Online | 30th June 2022 |
| Hosting Site | National Information Center (NIC) |
| Mode Of Application | Online |
| Youtube Channel | IDFC First Bank |
| Office Address | IDFC FIRST Bank Ltd KRM Tower, 7th Floor, No.1, Harrington Road, Chetpet, Chennai – 600031, Tamil Nadu, India |
| Official Website | www.idfcfirstbank.com |
Objectives Of IDFC FIRST Bank MBA Scholarship
The main or major objective of launching the IDFC FIRST Bank MBA Scholarship is to help the students belonging to the financially backward communities so that they will be able to pursue or carry out MBA degree without suffering from financial instabilities. The students will be able to get admission to the full-time MBA degree course after getting the scholarship amounts.
Another objective of launching the IDFC FIRST Bank MBA Scholarship is to provide a scholarship amount of Rs. 2,00,000/- to the students wanting to undertake MBA full time degree. This scholarship will be provided to the students for getting admission to that college or university which has been empanelled. There are various colleges empanelled.
IDFC FIRST Bank MBA Scholarship Timelines
The timelines of this scholarship are as follows:-
| Event | Date |
| Fresh Opening of Registration Forms | 15th June 2022 |
| Last Date of Online Form Submission | 30th June 2022 |
List of Delegated Banks
The lists of delegated banks are as follows:-
- Erstwhile IDFC Bank LTD
- Erstwhile Capital First LTD
Scholarship Statistics
The statisics of this scholarship are as follows:-
| No. Of Beneficiaries Awarded Scholarships | 979 |
| Colleges Across India | 152 |
Amount Of Benefit
This scholarship amount will only be provided to the students who are pursuing MBA courses from the colleges or universities which have been empanelled for providing admissions for the Business based courses to the students. An amount of Rs. 2 lakhs in the form of scholarships will be provided to the students for the next 2 years.
Scholarship Tenure
The only eligibility criteria for the student is to make sure that he or she must be pursuing a Business Administration course in the Master’s degree. Students will be able to get the scholarship amount as per the duration marked or fixed by the government. The scholarship tenure will be 2 years consisting of 24 months.
Annual Income Limit
The source of earning of the student/beneficiary’s family will also be taken into consideration whenever the student will be shortlisted for getting the scholarship amounts. The annual income of the student’s family must not exceed Rs. 6,00,000/-. Only those students will be shortlisted whose annual income value equals to this amount.
Maximum Age Limit
The age of the student must or should not exceed the that age limit that has been specified or aforesaid by the selection body for the selection of an eligible beneficiary. The student age must be 35 years or in other words the maximum age limit of the student will be 35 years of age.
Beneficiary Limitation
The Government has also set up some limitations on the selection of eligible beneficiaries who will be considered eligible for securing their registration seat under this scholarship. A target of covering around 350 students who are pursuing MBA degrees has been set up or fixed by the government as per the issued guidelines.
Selection Procedure
The students or beneficiaries will be selected by the IDFC First Bank Selection Panel after scrutinizing the documents and application forms submitted by the students. On the basis of fee receipt, the scholarship amounts will get provided to the student’s college or university. Then, the students will need to keep this fee receipt after getting the scholarship amount.
Eligible Colleges
The lists of eligible colleges are as follows:-
| AIMTC Jalandhar – Apeejay Institute of Management Technical Campus – Jalandhar | Alkesh Dinesh Mody Institute for Financial and Management Studies | Alliance University-Bangalore | Amritha School Of Business |
| Army Institute of Management-Kolkata | Balaji Institute of Telecom and Management | BGU Bhubaneswar – Birla Global University – Bhubaneswar | BIMTECH-Noida |
| BKSBM Ahmedabad – BK School of Business Management – Ahmedabad | BVBIMS Kolkata – Bharatiya Vidya Bhavan Institute of Management Science – Kolkata | BVIMED Pune – Bharati Vidyapeeth Institute Of Management and Entrepreneurship Development – Pune | BVIMSR Mumbai – Bharati Vidyapeeths Institute of Management Studies and Research – Mumbai |
| CBS Kolkata – Calcutta Business School – Kolkata | Chandigarh University | Christ University Bangalore | DBM Rajkot – Department of Business Management – Rajkot |
| DBS Dehradun – Doon Business School – Dehradun | Delhi School of Economics | DIT University Dehradun- Dehradun Institute of Technology Dehradun – Delhi | DSIMS Mumbai – Durgadevi Saraf Institute of Management Studies – Mumbai |
| DYBS Pune – DR. D. Y. PATIL B-SCHOOL – Pune | FLAME University – Pune | FMS-Delhi | GBS Kolkata – Globsyn Business School – Kolkata |
| GITAM University (GU) – Hyderabad | GLIM Gurgaon- Great Lakes Institute of Management, Gurgaon | GNIMS Mumbai – Guru Nanak Institute of Management Studies – Mumbai | Graphic Era Deemed University – Dehradun |
| IBA Bangalore – Indus Business Academy – Bangalore | IBS Dehradun | IBS- Gurgaon | IBS- Jaipur |
| IBS Kolkata – ICFAI Business School – Kolkata | IBS Pune – IBS Business School – Pune | IBS-Bangalore | IBS-Hyderabad |
| IBS-Mumbai | IES Mumbai – IES Management College and Research Centre – Mumbai | IFIM Institutions Bangalore-Pool Campus | IFIMBS Bangalore – Institute of Finance and International Management Business School |
| IFIMBS Bangalore – Institute of Finance and International Management Business School – Bangalore | IFMR Chennai | IGIDR Mumbai | IIBM Pune – Indira Institute of Business Management – Pune |
| IIEBM Pune – Indian Institute of Education and Business Management – Pune | IIFM Bhopal | IIM- Bangalore | IIM Calcutta |
| IIM Lucknow | IIM Shillong | IIM-Ahmedabad | IIM-Indore |
| IIM-Kozhikode | IIT Bombay | IIT Kharagpur | IIT Roorkee – Indian Institute of Technology – Roorkee |
| IMI Bhubaneshwar | IMI Kolkata – International Management Institute – Kolkata | IMT Ghaziabad – Institute of Management Technology, Ghaziabad | IMT Hyderabad |
| Indian Institute of Social Welfare and Business Management (IISWBM) | Institute of Management Technology (IMT) – Nagpur | IPE Hyderabad – Institute of Public Enterprise – Hyderabad | IRMA Anand |
| ISBM Pune – International School of Business and Media – Pune | ISMR Pune – International School of Management and Research – Pune | ITMBS Mumbai – ITM Business School – Mumbai | ITMBS Warangal – ITM Business School – Warangal |
| ITS Ghaziabad – Institute of Technology and Science – Ghaziabad | IU Ahmedabad – Indus University – Ahmedabad | Jaipuria Institute Of Management Lucknow | Jaipuria Institute of Management(JIMI)-Indore |
| Jaipuria Institute of Management-Jaipur | Jaipuria Institute of Management-Noida | JBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies – Mumbai | KIITSM Bhubaneswar – KIIT School of Management |
| KIITSM Bhubaneswar – KIIT School of Management – Bhubaneswar | Kirloskar Institute of Advanced Management Studies-Pune | KJ SIMSR Mumbai- K. J. Somaiya Institute of Management Studies and Research Mumbai | LBSIM Delhi – Lal Bahadur Shastri Institute Of Management – Delhi |
| LLIM Mumbai – Lala Lajpatrai Institute of Management – Mumbai | MDI Gurgaon | MDI Murshidabad – Management Development Institute – Murshidabad | MEFGI Rajkot – Marwadi Education Foundation”s Group of Institutions – Rajkot |
| Mukesh Patel School of Technology Management and Engineering (MPSTME) | Mumbai Educational Trust Institute Of Management (METIOM)-Mumbai | New Delhi Institute of Management | NIAEM Hyderabad |
| NIBM Pune – National Institute of Bank Management – Pune | NICM Gandhinagar – Shri Jairambhai Patel Institute of Business Management – Gandhinagar | NITIE Mumbai- National Institute of Industrial Engineering Mumbai | NIT-Trichy |
| NLDIMSR Mumbai – N L Dalmia Institute of Management Studies and Research – Mumbai | NMIMS Bangalore – Narsee Monjee Institute of Management Studies, Bangalore | NMIMS Mumbai | NMIMS-Indore |
| NMIMS-Navi Mumbai | NRIBM Ahmedabad – N R Institute Of Business Management – Ahmedabad | NU Ahemadabad – Nirma University, Ahmedabad | NUL Hyderabad – Nalsar University of Law – Hyderabad |
| PCTE Punjab – PCTE Group Of Institutes – Punjab | PIBM Pune – Pune Institute of Business Management – Pune | Praxis Business School – Bangalore | PUMBA Pune- Department of Management Sciences (PUMBA) Pune |
| R V Institute of Management-Bangalore | RMI Mumbai – Rizvi Management Institutes – Mumbai | SBS Ahmedabad – Shanti Business School – Ahmedabad | SCMHRD Pune- Symbiosis Centre for Management and Human Resource Development Pune |
| Shailesh J Mehta-IIT Bombay | SIBM – Bangalore | Sies – College Of Management Studies-Mumbai | SIIB Pune |
| SP Jain- Mumbai | SPMPD Gandhinagar – School of Petroleum Management Pandit Deendayal Petroleum University – Gandhinagar | SSBF Pune – Symbiosis School of Banking and Finance – Pune | SSKIPS Ahmedabad – Sant Kabir Institute of Professional Studies – Ahmedabad |
| Sydenham Institute of Management Studies Research and Entrepreneurship Education | Symbiosis Institute of Business Management-Hyderabad | Thakur Institute Of Management Studies Research-Mumbai | TIET Patiala – Thapar Institute of Engineering and Technology – Patiala |
| UBS Raigad – Universal Business School – Raigad | UWBS Kolkata | VAMNICOM Pune – Vaikunth Mehta National Institute of Co-operative Management – Pune | VESIM Mumbai – Vivekanand Education Society Institute of Management Studies and Research -Mumbai |
| VESIM-Mumbai | VGSOM Kharagpur | VIT Mumbai – Vidyalankar Institute of Technology- Mumbai | WE School Mumbai- Welingkar Institute of Management Development and Research Mumbai |
| WSB Hyderabad – Woxsen School of Business – Hyderabad | XIME Bangalore | XIMR Mumbai – Xavier Institute of Management Research – Mumbai | XISS Ranchi |
| XSRM Bhubaneswar |
Benefits Of IDFC FIRST Bank MBA Scholarship
The benefits of this scholarship are as follows:-
- The students will not have to suffer from financial instabilities after getting the online registration under the IDFC FIRST Bank MBA Scholarship.
- Students will be able to get the scholarship amount for the next 2 years.
- Scholars will get admission to anyone out of the empanelled colleges or universities.
- Students will be offered an amount of Rs. 2,00,000/- for getting paid out their college fees.
- There are around 350 students who will be able to get the scholarship amount.
- IDFC First Bank has opened around 599 branches across the country.
- Financial status of the student will get improved.
- One can apply online under the IDFC FIRST Bank MBA Scholarship by 30th June 2022.
- No one will be left out to get this scholarship amount.
- Students will be able to build their careers in the Business field.
Features Of IDFC FIRST Bank MBA Scholarship
The features of this scholarship are as follows:-
- The IDFC First Bank has launched the IDFC FIRST Bank MBA Scholarship.
- This will provide a portal for the students for building their careers in the business field.
- This scholarship will be provided to students who are undertaking MBA courses.
- A scholarship amount of Rs. 2 Lakhs will be provided to the students for pursuing MBA courses.
- The tenure of this scholarship amount will be 2 years.
- A target of covering around 350 students across the state has been fixed by the government.
- For providing ease in the process of getting admissions, the government has empanelled many colleges or universities under this scholarship.
- Students will be offered the choice of getting admission to any one college empanelled.
- The last date to apply online under this scholarship is 30th June 2022.
- For getting more information, one can visit the official website.
Eligibility Criteria
The applicants will need to follow the mentioned below eligibility criteria for getting online registration under this scholarship: –
- The student must be an Indian Citizen.
- The student must be pursuing an MBA course.
- The student must have got admission to the university or college which have been empanelled or considered eligible.
- The annual income of the student must be equal to Rs. 6 Lakhs.
- The age limit of the student must be 35 Years.
Important Documents
Some of the important documents to apply online under this scholarship are as follows:-
- Aadhar Card
- DOB certificate
- Annual Income Certificate
- Latest Passport Size Photograph
- Marksheets
- Bank accounts details
- Educational Certificates
- Active Mobile number for receiving OTPs
- Working Email Id for future reference
- Latest Passport Size Photograph
Process To Apply Online Under IDFC FIRST Bank MBA Scholarship
As this scholarship has been recently launched, no such information has been received by using social networking resources. As soon as any information related to the application procedure required to apply online under the IDFC FIRST Bank MBA Scholarship will be launched, we will update you through this article otherwise the applicant can visit the Official Website.
Contact Information
In case any queries and questions come to your mind regarding the IDFC FIRST Bank MBA Scholarship, then you may contact this mentioned office address:-
- Office Address
- IDFC FIRST Bank Ltd
- KRM Tower,
- 7th Floor, No.1,
- Harrington Road,
- Chetpet,
- Chennai – 600031,
- Tamil Nadu,
- India
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