IIFL Scholarship 2020-21 – Empowering Young Girls To Fulfil Their Dreams

Girl education has always remained one of the most pressing issues within the country due to which a number of initiatives have been introduced by the government and various corporate organisations. Among such initiatives is the ‘IIFL Scholarship’ introduced by the IIFL Foundation, the CSR arm of IIFL Group. The scholarship has been introduced as part of its CSR initiative to support the meritorious girl students from economically weaker families. Under this scholarship, girl students who are studying in Class 9 to graduation level are provided with financial assistance of up to INR 5,000 for their academic expenses. 

Who all can apply for this IIFL scholarship? When and where can you apply? How will you get your scholarship amount? Are there any documents required for the application? What process is followed for the selection of scholars? Read this article further to get detailed answers to all these questions. 

IIFL Scholarship – An Overview

The IIFL Foundation, the CSR arm of IIFL Group has introduced this IIFL Scholarship with an objective to support meritorious girl students who belong to economically weaker sections of the society. It has run several such initiatives to address the most pressing social and development issues. Under this scholarship programme, two types of scholarships are being offered for different class categories that include –

• IIFL Scholarship for Class 9 and 10 Students
• IIFL Scholarship for Class 11 to Graduation Students

Find a detailed overview about the scholarship in the table below –

IIFL Scholarship – Detailed Overview

*The application timeline mentioned above is tentative and may change on the discretion of the scholarship provider. 

IIFL Scholarship – Key Dates

Before heading on to know every significant detail related to the scholarship, the students must initially keep track of its important dates. The application timeline for IIFL Scholarship generally falls in the month of March and April. For the academic year 2020-21, the last date to apply for the scholarship is 30th April 2021. If you find yourself eligible for this scholarship, make sure to apply for it before its deadline passes away. 

IIFL Scholarship – Eligibility Criteria

The students who wish to avail benefits under the IIFL scholarship need to fulfil certain eligibility conditions related to their academic qualification and academic qualification. These conditions may vary for each category of IIFL scholarship. Given below is a detailed overview of eligibility criteria for each IIFL scholarship category. 

IIFL Scholarship for Class 9 and 10 Students

• The scholarship is open for girl students only.
• They must be studying in Class 9 and 10. 
• The percentage of marks to be obtained in the previous class must be more than 50% marks. 
• The annual family income must not exceed INR 3 lakh from all sources. 
• Candidates who are currently Samasta Microfinance customers or prospects only are eligible. 

IIFL Scholarship for Class 11 to Graduation Students

• The scholarship is open for girl students only.
• They must be studying in Class 11 to graduation (3-year programme) level. 
• The percentage of marks to be obtained in the previous class must be more than 50% marks. 
• The annual family income must not exceed INR 3 lakh from all sources. 
• Candidates who are currently Samasta Microfinance customers or prospects only are eligible. 

IIFL Scholarship – Award Details

The students who fulfil the eligibility and selection criteria of the IIFL scholarship receive financial assistance of up to INR 5,000 for their academic expenses. The amount of scholarship may vary based on your current academic qualification. The table given below highlights a detailed overview of the scholarship award for different class categories. 

IIFL Scholarship – Amount

IIFL Scholarship – Application Process

Once you are aware of the scholarship eligibility and other details, you can proceed with its application process online. The applications for the IIFL Scholarship are accepted online through the Buddy4Study portal. The key steps that you must follow to make a successful application include –

Step 1: Visit the official scholarship page. 

Step 2: Read all the details carefully and click on the ‘Apply Now’ button of the respective scholarship. 

Step 3: Login to Buddy4Study using registered ID to land onto the ‘Online Application Form Page’. If not registered, please register using Email/Mobile/Facebook/Gmail account. 

Step 4: The application instruction page will open. Click on the ‘Start Application’ button. 

Step 5: Fill in all required details in the scholarship application form. 

Step 6: Upload all relevant documents. 

Step 7: Accept the ‘Terms and Conditions’ and click on the ‘Preview’ button to check if all the details filled are correctly showing or not. 

Step 8: If all the details in the preview are correct, click on the ‘Submit’ button to complete the application.

IIFL Scholarship – Key Documents Required

While applying for the IIFL Scholarship, the students are required to upload a certain set of documents in support of their application. These documents are generally related to the applicant’s identity, academic qualification, financial background and bank account details. The key documents which are required for this scholarship include –

• Aadhaar Card
• Marksheet of the previous qualifying examination
• Current academic year fee receipt/bonafide letter/ID card
• Income proof
• Bank document

IIFL Scholarship – Selection Criteria

The selection process for IIFL Scholarship involves a multi-stage process in which the students are shortlisted on the basis of their academic merit and financial need. The key steps involved in the selection procedure include –

• Initial shortlisting of applications received on the basis of academic merit and financial need
• Telephonic round of interview of shortlisted students for final selection

The students who qualify both the stages of selection receive the scholarship amount in their respective bank accounts. The students should make sure they enter the correct bank account details in the application form to avoid any inconvenience at a later stage. 

IIFL Scholarship – Contact Details

In case you have any queries related to the IIFL scholarship, its eligibility, application process or documents required, you may feel free to contact on the number/email mentioned below. 

Phone No. – +91-11-430-92248 (Ext: 212)

Email – info@buddy4study.com