SBI Foundation announces ₹100 crore scholarship for over 25,000 students

SBI Foundation, the Corporate Social Responsibility (CSR) arm of the State Bank of India (SBI), has announced the launch of the SBI Platinum Jubilee Asha Scholarship 2026 — one of India’s largest corporate scholarship programmes under which 25,707 meritorious students from economically disadvantaged families across the country will receive annual scholarships ranging from ₹15,000 to ₹15,00,000, depending on the category they belong to. 

The scholarship is for students across multiple academic pathways, including School students (Classes 9–12), undergraduate and postgraduate students studying at NIRF Top 300 or NAAC A-rated institutions, Medical (MBBS) students, students enrolled at IITs and IIMs and students pursuing master’s programmes abroad at universities ranked among the Top 200 in the QS World University Rankings.

Applications for the Scholarship 2026 will remain open from July 22, 2026, to September 4, 2026. Eligible students can apply through the official scholarship portal at www.sbiashascholarship.co.in, where detailed eligibility criteria, scholarship categories, benefits and application guidelines are available.

Challa Sreenivasulu Setty, Chairman, SBI, said, “We believe every deserving student should get an equal opportunity to pursue quality education and realise their aspirations, irrespective of financial circumstances. By expanding access to quality education across diverse academic pathways, we are nurturing the next generation of leaders, innovators and professionals who will drive India’s growth and global competitiveness.”

“Through this initiative, we aim to empower over 25000 scholars to become the torchbearers of progress,” he added. 

This programme is co-funded by other SBI Group entities – SBI General Insurance, SBI Life, SBI Securities, SBI Pension Fund, SBI Ventures, SBI Trustee, and SBI Operations Support.