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KOTAK SHIKSHA NIDHI

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ABOUT THE PROGRAM

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Under the CSR Project of Education & Livelihood of Kotak Group Companies, their
partner organisation Kotak Education Foundation is implementing ‘Kotak Shiksha
Nidhi’ – financial assistance to students, who have lost primary earning member
of the family due to COVID-19, for the continuation of education. 


ABOUT KOTAK MAHINDRA GROUP

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

Kotak Mahindra Group (Group) offers a wide range of financial services that
encompass every sphere of life. From commercial banking to stock broking, mutual
funds, life and general insurance and investment banking, the Group caters to
the diverse financial needs of individuals and the corporate sector. The premise
of Kotak Mahindra Group’s business model is concentrated India, diversified
financial services. The bold vision that underscores the Group’s growth is an
inclusive one, with a host of products and services designed to address the
needs of the unbanked and insufficiently banked. As on 30th June, 2021, Kotak
Mahindra Bank Ltd has a national footprint of 1,612 branches and 2,591 ATMs, and
branches in GIFT City and DIFC (Dubai). For more information, please visit the
Company’s website at https://www.kotak.com

The following Kotak Mahindra Group Companies are collaboratively funding their
CSR Project on Education & Livelihood Project – Kotak Shiksha Nidhi, which is
being 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 Investment Advisors Limited (KIAL)
 * Kotak Securities Limited (KSL)


ABOUT KOTAK EDUCATION FOUNDATION

Kotak Education Foundation (KEF) was established on 14th January, 2007 with a
mission to address urban poverty through education & livelihood initiatives. KEF
works in the impoverished areas of Mumbai - slums of Deonar, Govandi Chembur,
Kurla, Dharavi, etc. to empower children and youth from the underprivileged
families through various education and vocational skills training initiatives to
make them employable and lead a life with dignity.  

Read More...



 * KOTAK SHIKSHA NIDHI
   
   Deadline31-Mar-2022
   Eligibility
    * Students studying in schools and colleges across India falling under any
      of the below categories:
      * Loss of both parents due to COVID-19
      * Loss of one of the parents due to COVID-19
      * Loss of the primary earning member of the family (other than parent) due
        to COVID-19
    * Applicants must be school or college going students from 1st standard up
      to Diploma or Graduation (ages 6 years to 22 years). 
   
    
   
   Selection for Kotak Shiksha Nidhi:
   
    * The selection of eligible students for Kotak Shiksha Nidhi and the extent
      of assistance under Kotak Shiksha Nidhi (financial assistance for school
      and college fees payment) will be at the discretion of Kotak Education
      Foundation.
    * Kotak Education Foundation will review the Kotak Shiksha Nidhi
      applications based on proofs of continuation of education, related
      expenses from school/junior college/college as may be the case, and valid
      proof of the loss of parent/parents/primary earning member of the family
      (other than parent) due to COVID-19.
   
   Benefits:
    * Includes Indian national students studying in schools and colleges in
      India.
    * Includes school & college fees, library deposit, stationery and other
      continuation of education relevant expenses payable to school/college,
      hostel lodging & boarding expenses
    * Excludes International boards such as IGCSE, IB, etc.
   
   Documents
    * For minor applicant (under 18 years): Minor applicant’s Aadhaar Card along
      with identity proof of the parent/guardian of the minor applicant: Aadhaar
      Card, Voter Identity Card, Driving License, PAN Card
    * For applicants over 18 years: Aadhaar Card, Voter Identity Card, Driving
      License, PAN Card.
    * Current academic year admission proof such as fee receipt/ bonafide
      letter/institution ID card/admission letter and mark sheet of previous
      class grade (optional)
    * Death certificate of primary earning member(s), parent, parents
    * Proof of death due to COVID-19 such as hospital receipt, doctor
      prescription, COVID-19 test report, medical bills for COVID-19 medication,
      hospital discharge summary, etc.
    * Reference from two (2) persons who are aware of the family's crisis (can
      be a school teacher, doctor, head of school, college, or a government
      officer, etc.), if required
    * Bank account details of the applicant, if the beneficiary student
      (applicant) is above 18 years
    * Bank account details of the applicant’s parent or guardian, if the
      beneficiary student (applicant) is a minor
    * Passport size photograph of the applicant and the guardian
   
   How can you apply?
    * Click on the ‘Apply Now’ button below.
    * Login to Buddy4Study with your registered ID and you will be redirected to
      the ‘Kotak Shiksha Nidhi Application Form Page’.
      * If not registered on Buddy4Study - Register at Buddy4Study with your
        Email/Mobile/Facebook/Gmail account.
    * Click on the ‘Start Application’ button to begin the application process.
    * Fill in the required details in the online application form.
    * Upload relevant documents.
    * Accept the ‘Terms and Conditions and click on ‘Preview’. 
    * You need to review your details seen on screen for correctness,
      thereafter, click on the ‘Submit’ button to complete the application
      process.
   
   Apply NowCheck Result

CONTACT

In case of any queries, please reach out to:

+91-11-430-92248 (Ext: 263) (Monday to Friday - 10:00AM to
6PM)kotakshikshanidhi@buddy4study.com

FREQUENTLY ASKED QUESTIONS

 * WHAT IS THE SELECTION PROCESS FOR THE KOTAK SHIKSHA NIDHI?
   
   Eligible students for applying under Kotak Shiksha Nidhi are those who have
   lost both parents or one of the parents or a primary earning member of the
   family (other than parents) due to COVID-19 and will be selected based on the
   financial situation of the applicant’s family and the assistance requirement
   for continuing school and college education.
   
   The selection process involves a multi-stage process as detailed below:
   
    * Selection of applications will be based on the proof of crisis documents
      submitted by the applicant, in priority order given below –
      * Loss of both parent(s) due to COVID-19
      * Loss of one of the parents due to COVID-19
      * Loss of primary earning member of the family due to COVID-19
    * Shortlisted applicants will have to appear for a telephonic interaction
      and document verification check after which the final selection will be
      made.
    * Selection and Shiksha Nidhi (financial assistance) amount will be at the
      discretion of Kotak Education Foundation.

 * WHAT IS THE FINANCIAL ASSISTANCE AMOUNT AVAILABLE UNDER KOTAK SHIKSHA NIDHI?
   
   The objective of Kotak Shiksha Nidhi is to ensure the continuation of school
   and college education from 1st Standard up to Diploma or Graduation (ages 6
   years to 22 years) at the same level as the student was undergoing prior to
   COVID-19 prior to tragic loss of one or both parents or primary earning
   member of family of the student. Thus, Kotak Shiksha Nidhi endeavours to take
   care of the actual expenses required for the continuation of current level of
   education. The selection and quantum of assistance under Kotak Shiksha Nidhi
   will be based on the fulfillment of the eligibility criteria and will be at
   the discretion of Kotak Education Foundation.

 * IS KOTAK SHIKSHA NIDHI ONLY FOR THE CURRENT YEAR OR BEYOND THE 1ST YEAR?
   
   The Kotak Shiksha Nidhi application window opens on 20th September, 2021 to
   students who have lost one parent, both parents and a primary earning member
   of the family due to COVID-19 from 1st April, 2020 and remains open up to
   31st March, 2022.  
   
   FY 2021-22 is the first year of Kotak Shiksha Nidhi and under its CSR Project
   on Education & Livelihood, Kotak Group of Companies undertake to support the
   continuation of school and college education of school and college going
   students from the 1st standard to diploma and graduation level (ages 6 years
   to 22 years) and continuation of Kotak Shiksha Nidhi for subsequent years is
   subject to various factors such as students need for continued assistance
   academic progress and no disciplinary issues, which Kotak Education
   Foundation will review periodically and the continuity of Shiksha Nidhi
   including the renewal of the Shiksha Nidhi will be at the discretion of Kotak
   Education Foundation.

 * IF SELECTED FOR KOTAK SHIKSHA NIDHI, HOW WILL THE STUDENTS RECEIVE THE
   FINANCIAL ASSISTANCE?
   
   Kotak Shiksha Nidhi (financial assistance) will be transferred to the
   selected student’s bank account (and to parent / guardian’s account, if the
   student is a minor) in one or more installments subject to the students
   continuing with the education course. The manner of transfer and number of
   installments will be at the discretion of Kotak Education Foundation.

ASK YOUR QUESTION AND OUR SCHOLARSHIP SUPPORT WILL GET BACK TO YOU?

KOTAK SHIKSHA NIDHI EDUCATIONAL PANNEL DOES NOT RESPONDING

Asked by Ram Walke on 04-Mar-2022

(1)Answer

s akhil on 04-Mar-2022


Dear Student,

Kindly be more specific about your query so that we can assist you in a better
way. 

Team Buddy4Study.
 

FOR WHICH CLASS

Asked by Ramziya Nizam on 01-Mar-2022

(1)Answer

s akhil on 02-Mar-2022


Dear Student,

Kindly be more specific about your query so that we can assist you in a better
way. 


Team Buddy4Study.
 

View All Questions & Answers

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All the information provided here is for reference purpose only. While we strive
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the accuracy of the data published here. For official information, please refer
to the official website. read more


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