New Delhi, November 30, 2023 : Buddy4Study, India’s leading scholarship and mentorship platform committed to fostering education, is all set to facilitate more than ₹ 180 Cr of scholarship funds among close to 60,000 school and college students in the financial year 2023-24.
The ed-tech platform, in partnership with India’s leading corporates, NGOs, and corporate foundations, identifies deserving students via the pool of online applications it receives from students across India. Currently, scholarship applications are open for various programmes, and the selection process is also underway on the platform with a total scholarship fund outlay of ₹ 140 Cr.
The scholarship application on the platform is completely free-of-cost for the students and the scholarship fund is directly disbursed into the bank account (via DBT) of the beneficiaries in a majority of the scholarship programmes.
In FY 2022-23, the platform had disbursed a total scholarship funds of ₹ 110 Cr among 38,000+ students.
Speaking on the expanding horizon of the organisation, Ashutosh Burnwal, Founder & CEO, Buddy4Study says, “India’s unique strength lies in the power of its youth who can transform our country into a developed nation provided they are empowered with access to quality education. At Buddy4Study, we envision making quality education accessible to all. In our 13th year of existence now, we are proud to have helped thousands of students in their education journey to achieve their dreams. We are now on a mission to support 10 million students with financial and mentorship support by 2030. Towards this mission, we are fortunate to have gotten support from our existing and new partners and funders to create more such opportunities to help students for schools and colleges across India.”
Buddy4Study has implemented scholarship and mentorship programmes of more than 150 funders including major corporates such as HDFC Bank, Loreal India, Schaeffler India, Alstom, Rolls-Royce, Mahindra and Mahindra Financial Services, Kotak Education Foundation, Aditya Birla Capital Foundation to provide financial assistance to students.
The platform is currently managing scholarship programmes catering to a diverse set of students across India. These scholarship and mentorship programmes include initiatives such as Kotak Kanya Scholarship 2023, Rolls-Royce Unnati Scholarship for Women Engineering Students 2023, Virchow Scholarship Program aimed at empowering girl students, Saksham Scholarship Program for Drivers’ Children aimed to help drivers’ children, and many distinctive scholarships targeting specific academic streams. Another special programme where special weightage is given to transgender students and differently-abled girl students is Legrand Empowering Scholarship Program.
Sharing the platforms’ transparent approach in managing scholarship corpus from the donors, Neha Agarwal, Chief Strategy and Growth Officer, Buddy4Study, says “Buddy4Study’s technology-driven system ensures scholarship funds are directly credited to beneficiary’s bank account. The transparent and efficient scholarship management process at Buddy4Study not only makes it easier for the students to apply for scholarship opportunities and avail benefits but also helps scholarship providers monitor the progress with real-time data through their live dashboard. It has led to our donors entrusting us with the management of multi-year scholarship programmes. Also, our outcome-oriented approach and mechanism to track the progress of our scholar beneficiaries bolster the confidence of our partners in the impact we have helped them to create by the successful implementation of their programme.”
Building upon its exceptional track record of assisting more than 70,000 beneficiaries and skillfully managing funds exceeding Rs 320 crore to date, Buddy4Study is expanding its reach to a broader spectrum of students year after year, all while actively working to reduce educational disparities and cultivate inclusivity within the realm of education.
Corporate Comm India (CCI Newswire)
