SBI Platinum Jubilee Asha Scholarship: Education is the key to a brighter future, but for many, financial barriers stand in the way of their academic dreams. This is a challenge the State Bank of India (SBI) is addressing with a landmark initiative. In a significant move to empower the nation’s youth, the State Bank of India launches scholarship program, offering financial support of up to a staggering ₹20 lakh. This is not just another scholarship; it’s a golden opportunity for deserving students from underprivileged backgrounds to pursue their academic aspirations without the burden of financial stress.
The timing of this announcement couldn’t be better. With the application window now open, eligible students have a limited time to secure their future. Mark your calendars: the deadline to apply is November 15.
What is the SBI Platinum Jubilee Asha Scholarship?
The SBI Platinum Jubilee Asha Scholarship is a flagship program launched by the SBI Foundation, the corporate social responsibility (CSR) arm of the State Bank of India. Instituted on the occasion of the bank’s Platinum Jubilee, the scholarship aims to provide robust financial assistance to meritorious students across the country. The initiative reflects SBI’s long-standing commitment to social welfare and nation-building.
This year, the program is set to make a massive impact, with a dedicated budget of ₹90 crore for the current financial year. The goal is to support an impressive 23,230 students, helping them unlock their full potential and contribute to India’s progress. As SBI Chairman Challa Sreenivasulu Setty stated, “By creating a strong ecosystem around these scholars, we aim to empower them to become torchbearers of progress and contribute meaningfully to the vision of a Viksit Bharat by 2047.” This quote highlights the bank’s long-term vision beyond just financial aid.
Key Highlights and Benefits
The sheer scale of this scholarship program makes it stand out. The financial assistance offered is tiered, catering to different levels of education, with the maximum amount reserved for advanced studies.
- Financial Aid: The scholarship amount ranges from ₹15,000 for school students to up to ₹20 lakh for those pursuing higher education abroad.
- Duration: The financial support is not a one-time grant. It is renewable annually, covering the full duration of the student’s chosen course, provided they maintain the required academic performance.
- Diverse Categories: The scholarship is designed to be inclusive, with dedicated categories for various student groups. This ensures that a wide spectrum of academic pursuits is supported.
Also Read: What is Azim Premji Scholarship 2025? Know Eligibility and Criteria
Who is Eligible to Apply?
The eligibility criteria for the State Bank of India launches scholarship are designed to identify deserving students who are both academically strong and in genuine financial need.
- Nationality: Applicants must be Indian nationals.
- Academic Performance: A minimum of 75% marks or a 7.0 CGPA in the previous academic year is required. A special relaxation is offered for SC/ST students, who need a minimum of 67.5% marks or a 6.3 CGPA.
- Family Income: This is a crucial criterion.
- For school students (Class 9-12), the annual family income must not exceed ₹3 lakh.
- For college students (UG/PG), the annual family income must not exceed ₹6 lakh.
- Special Categories: The scholarship has specific provisions for students in top-tier institutions and those studying abroad.
- Students enrolled in a NIRF top 300 or NAAC ‘A’ accredited institute.
- Students at IITs and IIMs.
- Those pursuing a medical degree.
- Students aspiring to study abroad, with a special focus on SC/ST students targeting a master’s or higher degree at a Top 200 QS or THE World Ranking university.
How to Apply for the Scholarship
Applying for the SBI Platinum Jubilee Asha Scholarship is a straightforward online process. To avoid last-minute stress, it is highly recommended to start gathering your documents and completing the application well before the November 15 deadline.
Here is a step-by-step guide:
- Visit the Official Portal: Go to the official website of the SBI Foundation’s scholarship program. The application portal is sbiashascholarship.co.in.
- Register: Create an account using a valid email address and mobile number.
- Fill the Application Form: Provide accurate personal, academic, and financial details. Be meticulous with every piece of information to avoid rejection.
- Upload Required Documents: Prepare digital copies of the following documents:
- Government-issued ID proof (e.g., Aadhaar card)
- Marksheet of the previous academic year
- Proof of admission
- Latest fee receipt
- Income certificate
- Student’s passport-size photograph
- Caste certificate (if applicable)
- Submit and Review: Carefully review all the information and documents before submitting the form. Acknowledge and save the final submission for future reference.
Why This Scholarship Matters
The significance of this scholarship program cannot be overstated. It’s not just about money; it’s about social and economic empowerment. A 2023 report by the National Sample Survey Office (NSSO) indicated that financial constraints are a primary reason for students dropping out of higher education in India. This statistic underscores the immense need for such initiatives. By providing up to ₹20 lakh, the State Bank of India launches scholarship is directly tackling this issue, ensuring that talent does not go unrecognized due to a lack of funds.
This scholarship is particularly beneficial for students aiming for advanced degrees or international exposure, where costs can be astronomical. The provision of funds for overseas education for SC/ST students is a significant step towards creating a level playing field and promoting diversity in global academia.
The SBI Platinum Jubilee Asha Scholarship is a transformative opportunity for thousands of students who dream of a quality education but are limited by their financial circumstances. The State Bank of India’s commitment to this cause is a testament to its role in building a prosperous and educated society.
If you or someone you know meets the eligibility criteria, do not delay. This is a chance to secure your academic future and pursue your goals without compromise. Remember, the deadline is November 15, 2025.
