Financial assistance

Kotak Mahindra Bank: Shiksha Nidhi – Financial aid to students, who have lost a senior salaried member due to COVID-19, for the pursuit of education


Press release

Launch of Kotak Kotak Shiksha Nidhi

Financial aid for students who have lost a core member

COVID-19, for the pursuit of education

Bombay, 20 years olde September 2021: The Kotak Mahindra Group (Kotak) today announced the launch of Kotak Shiksha Nidhi – an initiative to provide financial assistance to students who have lost a parent / parents and / or primary family member due to COVID -19, in order to complete their studies. Kotak Shiksha Nidhi is a collaborative CSR project on education and livelihoods of enterprises of the Kotak Mahindra Group, which is implemented by the Kotak Education Foundation (KEF).

Kotak Shiksha Nidhi is only open to Indian nationals. The application window opens today – 20e September 2021 and KEF will accept application forms until 31st March 2022. Students who have lost a parent / parents and / or primary family member from 1st As of April 2020 and studying in a government recognized state and central council or Indian university in any standard from year one to graduation or graduation (i.e. i.e. from the age of six to 22), are eligible to apply.

The Kotak Education Foundation has partnered with Buddy4Study ^ – one of the largest scholarship platforms in India, to provide Pan-Indian access to students interested in applying for Kotak Shiksha Nidhi.

Applications can be submitted online by click here.

Rohit Rao, Group Co-Chairman and CSR Director, Kotak Mahindra Bank Limited, said: “The COVID-19 pandemic has taken a toll on many people. families. There are many children who have lost one or both parents or one of the main family income. In this difficult time, we would like to reach out to ensure the continued education of these children without further disruption. Kotak Shiksha Nidhi will financially assist the selected beneficiaries who lost their family’s livelihood from April 1, 2020 and also subsequent cases, if applicable, until March 31, 2022,

by covering their education costs to help them complete their school and college studies. ”

Dr Ganesh Raja, CEO of the Kotak Education Foundation, said: “The COVID-19 pandemic has severely disrupted many lives and has endangered the continued education of thousands of children across India. Kotak Shiksha Nidhi is a sincere collaborative effort of Kotak Mahindra Group and Kotak Education Foundation to ensure that the school and college education of affected students is not disrupted due to the sudden loss of a parent or primary income of family due to COVID-19. Kotak Shiksha Nidhi’s financial aid will cover school and college fees, library deposit, stationery and other relevant expenses payable to the school / college, including accommodation and board costs. pension.”

The selection of eligible students and the level of assistance that can be extended under Kotak Shiksha Nidhi will be at the discretion of KEF and will be based on meeting the eligibility criteria and merit of the application.

Kotak Shiksha Nidhi

The following companies in the Kotak Mahindra Group are Collaboratively Funding the CSR Education and Livelihoods Project – Kotak Shiksha Nidhi, which is implemented by Kotak Education Foundation

  • Kotak Mahindra Asset Management Company Limited (KMAMC)
  • Kotak Mahindra Capital Company Limited (KMCCL)
  • Kotak Mahindra Investments Limited (KMIL)
  • Kotak Mahindra Prime Limited (KMPL)
  • Kotak Mahindra Trustee Company Limited (KMTCL)
  • Kotak Infrastructure Debt Fund Limited (KIDFL)
  • Kotak Securities Limited (KSL)

Disclaimer: Terms and Conditions apply. The selection and amount of assistance under Kotak Shiksha Nidhi will be based on meeting the eligibility criteria and will be at the discretion of the Kotak Education Foundation.

Kotak Karma is the corporate social responsibility (CSR) identity of the Kotak Mahindra Group.

About the Kotak Mahindra Group

Founded in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the flagship company of the Group, received a banking license from the Reserve Bank of India (RBI), becoming the first non-bank finance company in India to transform into a bank – Kotak Mahindra Bank SA (KMBL).

Kotak Mahindra Group (Group) offers a wide range of financial services covering all areas of life. From commercial banking to the stock market, including mutual funds, life insurance and general insurance and investment banking, the Group meets the various financial needs of individuals and the corporate sector. The premise of Kotak Mahindra Group’s business model is Concentrated, diverse India

financial services. The bold vision underlying the Group’s growth is inclusive, with a multitude of products and services designed to meet the needs of unbanked and insufficiently banked people. Like the 30e As of June 2021, Kotak Mahindra Bank Ltd has a nationwide presence of 1,612 branches and 2,591 ATMs, as well as branches in GIFT City and DIFC (Dubai).

For more information, please visit the company’s website at https://www.kotak.com.

About the Kotak Foundation for Education

The Kotak Education Foundation (KEF) was established on January 14, 2007 with the mission of addressing urban poverty through education and livelihood initiatives. KEF works in the poor areas of Mumbai – the slums of Deonar, Govandi Chembur, Kurla, Dharavi, etc. The KEF Scholarship for Deserving Students includes financial aid, mentoring and coaching sessions to help with 10th pass, complete 12th, and graduate. In addition, early school leavers are supported in moving above the poverty line through skills and livelihood programs. KEF works with over 140 schools, serving over 1,500 teachers and around one lakh of students.

^ About Buddy4Study

Buddy4Study (B4S), since 2011, has been working to bridge the gap between scholarship providers and scholarship seekers. It is one of the largest platforms in the country which allows scholarship applicants and providers to access information on scholarships held across the world. The platform will provide easy scholarship access with end-to-end support for student applications and end-to-end management and tracking of scholarship assistance for the provider.

For more information, please contact:

Phiroza choksi

Sakshi denis

Rakesh sharma

Himadri Buch

Kotak Mahindra Group

Kotak Mahindra Group

Fortuna PR

Fortuna PR

Telephone: +91 98203 63681

Telephone: +91 70454 74287

Mobile: +91 98335 37679

Mobile: +91 98203 46715

[email protected]

[email protected]

[email protected]

[email protected]

Disclaimer

Kotak Mahindra Bank Limited published this content on September 20, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 20, 2021 12:21:02 PM UTC.


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