The South Indian Bank (SIB) has launched the second edition of SIB Scholar. The scholarship is been given to meritorious degree students from BPL families. Bank mandates that the annual income of students should be under INR 1 lakh. That said, applicants should have scored at least 85 percentage of marks in their 12th standard examination. Launched in December 2016, under the SIB Scholar scheme, the bank would bear the full fee amount of the student. Apart from the tuition fee, the bank will also provide a monthly grant of INR 4,000 in order to meet the hostel/academic expenses, for the entire duration of the course.
SIB envisions that five students from every district come under the purview of SIB Scholar.
