SBIF Asha Scholarship Program (State Bank of India Foundation)

Short Title: SBIF Asha Scholarship

Administered by: SBI Foundation

Financial Support: ₹15,000 (School) to ₹50,000 (UG) up to ₹3,00,000 (IIT/IIM Scholars)

Academic Level: Undergraduate

Family Income Ceiling: ≤ ₹300000 / Year

Current Cycle Deadline: 30-Nov-2026

Apply Now Prepare Application with MPath Assist Official Website Official Notification (PDF) Guidelines FAQ

Scheme Overview & Objective

Premier educational grant of State Bank of India supporting bright young minds from low-income families.

Who Can Apply? (Detailed Eligibility Matrix)

Target Education Level	Undergraduate
Minimum Qualification	Class 6 to 12 school students OR 1st year UG/PG students in top NIRF colleges/IITs/IIMs
Academic Disciplines / Streams	All Streams
Family Income Limit	Gross annual family income must not exceed ₹300000 from all sources.
Minimum Academic Score	Minimum 75.0% marks or equivalent CGPA in qualifying exam.
Gender Eligibility	Open to All Genders (Male, Female, Transgender)
Social Reservation Category	All
Domicile / Residence	All India

Statutory Rule: Full-time regular attendance is compulsory. Students enrolled in private/distance correspondence degrees are generally ineligible unless explicitly stated in guidelines.

Financial Benefits & Allowances

₹15,000 (School) to ₹50,000 (UG) up to ₹3,00,000 (IIT/IIM Scholars)

Fixed financial grant up to ₹50,000 for regular college students and up to ₹3,00,000 for students admitted to premier national institutions.

Disbursement Mode: Direct Benefit Transfer (DBT) directly into the beneficiary's Aadhaar-seeded active savings bank account via PFMS.

Mandatory Document Preparation Checklist

Ensure the following documents are in clear PDF / JPG format (under 500 KB each) with valid digital signatures prior to beginning application:

Income Certificate