Federal Bank Hormis Memorial Foundation Scholarship 2024

Admission Form, Career, Eligibility Criteria, Results, Scholarship
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Federal Bank Hormis Memorial Foundation Scholarship 2024 :- Established in memory of Federal Bank’s founder, Late Shri K.P. Hormis, the Federal Bank Hormis Memorial Foundation Scholarship aims to provide financial assistance to meritorious students from economically disadvantaged backgrounds pursuing specified professional courses. This scholarship program seeks to nurture talent and promote educational equity, empowering individuals to achieve their academic aspirations.

Eligibility Criteria

To be eligible for the Federal Bank Hormis Memorial Foundation Scholarship, applicants must meet the following criteria:

  • Indian nationality
  • Domicile in one of the eligible states: Gujarat, Karnataka, Kerala, Maharashtra, Punjab, or Tamil Nadu
  • Admission to the first year of a full-time undergraduate professional course in one of the eligible disciplines: MBBS, Engineering, B.Sc. Nursing, MBA, or Agriculture (B.Sc.) including B.Sc. (Hons.) Cooperation & Banking conducted by Agriculture Universities.
  • Annual family income of less than ₹3 lakhs
  • Secure at least 60% marks (55% for SC/ST/OBC candidates) in the qualifying examination (10+2 or equivalent)

Scholarship Benefits

Selected scholarship recipients can avail the following benefits:

  • Reimbursement of 100% tuition fees and other educational expenses, as per the college’s fee structure, subject to a maximum of ₹1 lakh per annum.
  • A one-time reimbursement of up to ₹40,000 for the purchase of a personal computer (PC) or laptop during their course of study (within the overall eligibility of ₹1 lakh per annum).

Application Process

Applications for the Federal Bank Hormis Memorial Foundation Scholarship are typically invited in the month of June. Interested candidates can apply online through the Federal Bank website or submit the application form along with the required documents to the designated address.

Selection Process

Applications are shortlisted based on the eligibility criteria and academic merit. Shortlisted candidates may be called for an interview to assess their overall aptitude and potential.

Disbursement of Scholarship

The scholarship amount is disbursed directly to the educational institution upon verification of the student’s enrollment and academic progress.

Renewal of Scholarship

The scholarship is renewable for subsequent years of the undergraduate program, subject to maintaining satisfactory academic performance and meeting the eligibility criteria.

Significance of the Scholarship

The Federal Bank Hormis Memorial Foundation Scholarship plays a crucial role in empowering financially constrained students to pursue higher education and achieve their academic goals. By providing financial support and a helping hand, the scholarship program contributes to fostering social mobility and bridging the educational divide.

Conclusion

The Federal Bank Hormis Memorial Foundation Scholarship stands as a testament to the institution’s commitment to social responsibility and its dedication to nurturing future generations of professionals. By providing financial assistance to deserving students, the scholarship program promotes educational equity and contributes to shaping a brighter future for individuals and society as a whole.

Federal Bank Hormis Memorial Foundation Scholarship 2024

  • Scholarship Name: Federal Bank Hormis Memorial Foundation Scholarship
  • Established By: Federal Bank
  • In Memory Of: Late Shri K.P. Hormis, founder of Federal Bank
  • Objective: To provide financial assistance to meritorious students from economically disadvantaged backgrounds pursuing specified professional courses.

Eligibility Criteria:

  • Indian nationality
  • Domicile in one of the eligible states: Gujarat, Karnataka, Kerala, Maharashtra, Punjab, or Tamil Nadu
  • Admission to the first year of a full-time undergraduate professional course in one of the eligible disciplines: MBBS, Engineering, B.Sc. Nursing, MBA, or Agriculture (B.Sc.) including B.Sc. (Hons.) Cooperation & Banking conducted by Agriculture Universities.
  • Annual family income of less than ₹3 lakhs
  • Secure at least 60% marks (55% for SC/ST/OBC candidates) in the qualifying examination (10+2 or equivalent)

Scholarship Benefits:

  • Reimbursement of 100% tuition fees and other educational expenses, as per the college’s fee structure, subject to a maximum of ₹1 lakh per annum.
  • A one-time reimbursement of up to ₹40,000 for the purchase of a personal computer (PC) or laptop during their course of study (within the overall eligibility of ₹1 lakh per annum).

Application Process:

  • Applications are typically invited in the month of June.
  • Interested candidates can apply online through the Federal Bank website or submit the application form along with the required documents to the designated address.

Selection Process:

  • Applications are shortlisted based on the eligibility criteria and academic merit.
  • Shortlisted candidates may be called for an interview to assess their overall aptitude and potential.

Disbursement of Scholarship:

  • The scholarship amount is disbursed directly to the educational institution upon verification of the student’s enrollment and academic progress.

Renewal of Scholarship:

  • The scholarship is renewable for subsequent years of the undergraduate program, subject to maintaining satisfactory academic performance and meeting the eligibility criteria.

Significance of the Scholarship:

  • Empowers financially constrained students to pursue higher education and achieve their academic goals.
  • Fosters social mobility and bridges the educational divide.

For more information, please visit the Federal Bank website or contact the designated authorities.

Objective of Federal Bank Hormis Memorial Foundation Scholarship

The Federal Bank Hormis Memorial Foundation Scholarship is designed to fulfill the following objectives:

  1. Financial Aid for Meritorious Students: The scholarship aims to provide financial assistance to meritorious students from economically disadvantaged backgrounds, enabling them to pursue higher education in specified professional courses.

  2. Educational Equity and Social Mobility: The scholarship seeks to promote educational equity by bridging the financial gap for deserving students, thus contributing to social mobility and fostering a more inclusive society.

  3. Nurturing Talent and Empowering Individuals: By supporting bright and deserving individuals, the scholarship program aims to nurture talent, empower individuals, and contribute to the development of a skilled workforce.

  4. Honoring the Legacy of Late Shri K.P. Hormis: The scholarship serves as a tribute to the legacy of Federal Bank’s founder, Late Shri K.P. Hormis, by embodying his values of education, empowerment, and social responsibility.

  5. Promoting Professional Development and Nation-Building: The scholarship supports students pursuing professional courses, thereby contributing to the development of a skilled and knowledgeable workforce, which is crucial for the nation’s progress and economic growth.

In summary, the Federal Bank Hormis Memorial Foundation Scholarship aims to empower individuals, promote educational equity, nurture talent, honor the legacy of its founder, and contribute to the nation’s development through professional education.

Federal Bank Hormis Memorial Foundation Scholarship Overview 

Launched By Federal Bank
Name of Scholarship Federal Bank Hormis Memorial Foundation Scholarship
Objective To offer financial assistance to the Students
Benefits Up to Rs. 1,00,000
Eligibility Criteria Students who are in their 1st year of undergraduate course
Deadline 17th December 2023
Official Website https://www.federalbank.co.in/fedbank-hormis-memorial-foundation

Eligibility Criteria :

To be eligible for the Federal Bank Hormis Memorial Foundation Scholarship, applicants must meet the following criteria:

  1. Indian Nationality: Applicants must be Indian citizens.

  2. Domicile: Applicants must be domiciled in one of the following states: Gujarat, Karnataka, Kerala, Maharashtra, Punjab, or Tamil Nadu.

  3. Course of Study: Applicants must be admitted to the first year of a full-time undergraduate professional course in one of the following eligible disciplines:

    • MBBS
    • Engineering
    • B.Sc. Nursing
    • MBA
    • Agriculture (B.Sc.) including B.Sc. (Hons.) Cooperation & Banking conducted by Agriculture Universities

  4. Annual Family Income: Applicants’ annual family income must be less than ₹3 lakhs.

  5. Academic Performance: Applicants must have secured at least 60% marks (55% for SC/ST/OBC candidates) in the qualifying examination (10+2 or equivalent).

  6. Additional Eligibility for Physically Challenged Applicants: One seat in each discipline will be kept aside for physically challenged students, which shall be duly evidenced by a certificate issued by a Medical Officer not below the rank of DMO or an approved Medical Officer of the Bank.

  7. Additional Eligibility for Wards of Martyred Armed Force Personnel: There is a separate category for wards of Martyred Armed Force Personnel.

Please note that the eligibility criteria may be subject to change. It is advisable to check the latest eligibility criteria on the Federal Bank website or contact the designated authorities for the most up-to-date information.

Benefits of Federal Bank Hormis Memorial Foundation Scholarship

The Federal Bank Hormis Memorial Foundation Scholarship offers a range of benefits to selected students:

  1. Tuition Fee Reimbursement: The scholarship provides 100% reimbursement of tuition fees and other educational expenses, subject to a maximum of ₹1 lakh per annum. This covers the cost of education, eliminating a significant financial burden for students from economically disadvantaged backgrounds.

  2. Personal Computer Reimbursement: Students receive a one-time reimbursement of up to ₹40,000 for the purchase of a personal computer (PC) or laptop during their course of study. This ensures that students have access to the necessary technology to facilitate their learning and academic progress.

  3. Mentorship and Networking Opportunities: The scholarship provides opportunities for mentorship and networking with industry professionals and successful alumni. This exposure can help students gain valuable insights into their chosen field, expand their professional network, and enhance their career prospects.

  4. Personal and Professional Development: The scholarship empowers students to focus on their studies and personal development without the additional stress of financial constraints. This allows them to devote their full attention to academic pursuits, extracurricular activities, and personal growth.

  5. Recognition and Motivation: The scholarship serves as a form of recognition for academic merit and potential, motivating students to excel in their studies and pursue their career aspirations.

  6. Contribution to Educational Equity and Social Mobility: The scholarship promotes educational equity by bridging the financial gap for deserving students, fostering social mobility and creating a more inclusive society.

Overall, the Federal Bank Hormis Memorial Foundation Scholarship provides a comprehensive package of financial support, mentorship, and recognition, empowering students to pursue higher education, achieve their academic goals, and make a positive impact on society.

Important Dates

The last date for registration under Federal Bank Hormis Memorial Foundation Scholarship Will be on 17th December 2023.

Reward Details :

Federal Bank Hormis Memorial Foundation Scholarship:

Financial Support

  • 100% Reimbursement of Tuition Fees and Other Educational Expenses: Selected students will receive full reimbursement for their tuition fees and other educational expenses, up to a maximum of ₹1,00,000 per annum. This reimbursement is based on the official fee structure of the college.

  • One-Time Reimbursement for Personal Computer (PC) or Laptop: In addition to tuition fee reimbursement, students are eligible for a one-time reimbursement of up to ₹40,000 for the purchase of a personal computer (PC) or laptop during their course of study (within the overall eligibility of ₹1,00,000 per annum).

Mentorship and Networking Opportunities

  • Mentorship Opportunities: The scholarship program provides opportunities for mentorship and guidance from experienced professionals and successful alumni. This mentorship can help students gain valuable insights into their chosen field, develop professional skills, and expand their network.

  • Networking Events: The scholarship program may organize networking events and workshops to connect scholarship recipients with industry professionals, alumni, and peers. These interactions can provide valuable career guidance, open doors to internships and job opportunities, and foster a sense of community among scholarship recipients.

Recognition and Motivation

  • Public Recognition: Scholarship recipients are recognized for their academic achievements and potential through public announcements, ceremonies, and awards. This recognition serves as a source of motivation and encouragement for students to continue excelling in their studies.

  • Sense of Accomplishment: Receiving a prestigious scholarship like the Federal Bank Hormis Memorial Foundation Scholarship instills a sense of accomplishment and pride in students. This recognition can boost their confidence, motivate them to pursue their academic goals with renewed determination, and inspire them to make a positive impact on society.

Overall Impact

The Federal Bank Hormis Memorial Foundation Scholarship provides a comprehensive package of financial support, mentorship, and recognition, empowering students from economically disadvantaged backgrounds to pursue higher education, achieve their academic goals, and make a positive contribution to society. By bridging the financial gap and fostering educational equity, the scholarship program promotes social mobility and contributes to the overall development of the nation’s human capital.

Required Documents
  • Photograph of the student
  • Course fee structure
  • ID proof & address proof
  • Medical certificate
  • Marksheets of qualifying examination
  • Income certificate
  • Domicile certificate
  • Admission letter
Selection Process

The selection of candidates will be done on the basis of eligibility criteria and interview session.

Federal Bank Hormis Memorial Foundation Scholarship Apply Online 2024

The application process for the Federal Bank Hormis Memorial Foundation Scholarship is typically open during the month of June. Interested candidates can apply online through the Federal Bank website or submit the application form along with the required documents to the designated address.

Online Application Process

To apply online, follow these steps:

  1. Visit the Federal Bank website: Access the official website of Federal Bank (https://www.federalbank.co.in/).

  2. Navigate to the Scholarship Section: Locate the “Scholarships” section or a dedicated page for the Federal Bank Hormis Memorial Foundation Scholarship.

  3. Click on the “Apply Online” Button: Identify the “Apply Now” or “Apply Online” button and click on it to initiate the application process.

  4. Create an Account or Login: If you are a new user, create an account by providing the necessary details. If you have an existing account, log in using your registered credentials.

  5. Fill out the Application Form: Carefully complete the online application form, providing accurate and up-to-date information about yourself, your academic background, and your financial situation.

  6. Upload Required Documents: Attach scanned copies of the required documents, such as mark sheets, income certificates, and any other relevant certificates or proofs.

  7. Review and Submit: Thoroughly review the application form and ensure all information is accurate and complete. Once satisfied, click on the “Submit” button to finalize the application.

Offline Application Process

For offline applications, follow these steps:

  1. Download the Application Form: Locate the application form in PDF format on the Federal Bank website or obtain a physical copy from the designated branch.

  2. Fill out the Application Form: Carefully complete the application form in handwriting or by typing, providing accurate and up-to-date information.

  3. Attach Required Documents: Attach photocopies or original copies of the required documents, such as mark sheets, income certificates, and any other relevant certificates or proofs.

  4. Submit the Application Form: Submit the completed application form along with the attached documents to the designated address or branch mentioned in the application instructions.

Important Considerations

  • Application Deadline: Ensure you submit your application before the specified deadline. Late applications will not be considered.

  • Eligibility Criteria: Carefully review the eligibility criteria and ensure you meet all the requirements before applying.

  • Accuracy of Information: Provide accurate and truthful information in your application. Any discrepancies may lead to disqualification.

  • Complete Documentation: Attach all required documents as instructed. Incomplete applications may not be processed.

  • Application Tracking: Keep a record of your application submission, including the date, mode of application, and any acknowledgment received.

Additional Information

For more detailed information and updates regarding the scholarship application process, eligibility criteria, and important dates, visit the Federal Bank website or contact the designated authorities through the provided contact information.

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