About the Program
The IDFC FIRST Impact Engineering Scholarship Program is a need-based financial assistance program
designed for
engineering students who have secured admission in select B-Tech/BE colleges in India.
The program covers a part of
eligible students’ fees for four-year* full-time engineering degrees.
Scholarship Details
Eligibility Criteria
- Eligible for students who are currently in the first year of their B-Tech/BE courses from select colleges in India. Courses such as Diploma in Engineering are not eligible.
- Family income up to Rs. 6,00,000 per annum
- Students who have not received any other scholarship or tuition fee waiver for their engineering course
- Children of IDFC FIRST Bank employees cannot participate.
- Students should have secured admission in one of the colleges from our list of eligible colleges as per the list
List of Colleges
Scholarship Details
Number of Scholarships Available: 50
Tenure of Support: 4* years
Scholarship Amount: Fee of one year or 1 lakh p.a. (whichever is lesser)
Scholar Selection Process
- Candidates need to fill out the multi-step online application form that includes personal details, academic details, documents, etc.
- Shortlisting based on eligibility criteria
- Document-check and first-level shortlisting + waitlist
- Home visit verification for shortlisted students
- Final selection based on home verification visit
- Scholar onboarding
- Fund disbursement (year 1)
- Marksheet submission for previous year’s result for subsequent year fund disbursement
Scholarship Renewal Criteria (multi-year scholarship)
- Once selected, the scholar needs to submit marksheets of each passing year to be eligible for next year’s scholarship. Only students who pass their exams will be awarded scholarships for subsequent years
- The student must enter the details and provide documents in an online scholar tracking system each year to claim their scholarships as per the following renewal eligibility criteria
- Proof of continuity of education in subsequent years
- Proof of tuition fee paid receipts for the next academic year
- The scholarship will be transferred on an annual basis to the college
Application Procedure
Eligible candidates can apply for the scholarship through the following steps:
Documents Required
Below is the list of documents that have to be uploaded before the final submission of the application form:
01. A government-issued address proof and identity proof (Aadhaar card)
02. Proof of admission (college/school ID card, academic fees receipt) for the academic year
03. Family income proof (ITR Form-16/income certificate from competent government authority/salary slips)
Frequently Asked Questions
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Q.1 I am not in the first year of my engineering degree, can I apply for the scholarship?
No, only students in first year of their full-time engineering degree course are eligible for the scholarship.
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Q.2 I cannot find my college name in the list of eligible colleges, how do I apply?
Applicants who cannot find their college on the list of eligible colleges are ineligible to apply for the IDFC FIRST Bank Engineering Scholarship.
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Q.3 Will I receive this scholarship for subsequent years of my engineering studies?
Yes, eligible students will receive the scholarship amount for subsequent years of their course duration, provided that they clear their exams successfully. Kindly refer to the T & Cs for more information.
Terms and Conditions
- Candidate should be enrolled in the first year of their full time engineering degree course (B.E./ B. Tech Degree).
- Candidates opting for dual-degree / part time / distance learning / diploma/ exchange programs in engineering are not eligible for the scholarship.
- Available only to Indian nationals.
- Scholarship will be awarded for 4 years only (subject to a scholar passing all exams) and not beyond this tenure.
- Once selected, the scholar needs to submit marksheets of each passing year to be eligible for the next year’s scholarship. Only students who pass their exams will be awarded scholarships for subsequent years.
- If a scholar fails to pass any of the exams, they will be considered a drop-out and the scholarship will be revoked immediately.
- Home-visit verification is a mandatory step for the selection of scholars. If the applicant fails to facilitate /ensure the needful or is unable to comply with the process within the stipulated timeframe, his/her candidature shall be rejected.
- The scholarship fund can be utilized only for academic expenses purposes and will only be transferred to a student’s college bank account. The same shall be adjusted by the college against the tuition fee to be paid by the student.
- IDFC FIRST Bank does not transfer any scholarship amount to students’ bank accounts. It is the sole responsibility of the scholar to ensure that the college submits all its KYC documents for vendor empanelment for scholarship disbursal within the stipulated timeframe. Failure to do so may lead to revocation of scholarship.
- Scholarship recipients must submit their testimonials and acknowledgement receipts after the scholarship award has been disbursed to their college accounts.
- The final awardees will be selected solely at the discretion of IDFC FIRST Bank.
- If an applicant /scholarship recipient agrees to explore the possibility of availing a student loan from the bank, as indicated during his/her application submission stage, it will be deemed as an act of authorization by him/her to the bank and/or its representatives or its agents to communicate with him/her in the future via email, phone or SMS pertaining to his/her application or to other promotional activities.
