The SBI Foundation, the corporate social responsibility (CSR) arm of the State Bank of India (SBI), has launched the SBI Platinum Jubilee Asha Scholarship 2026, one of India’s largest corporate scholarship programmes. With a total outlay of ₹100 crore, the initiative aims to provide financial assistance to 25,707 meritorious students from economically disadvantaged families, helping them pursue quality education without financial constraints.
Launched in 2022 as part of SBI’s Platinum Jubilee celebrations, the scholarship programme has become a flagship education initiative focused on expanding equal access to learning and nurturing India’s future workforce.
Scholarships Across Every Stage of Education
The SBI Platinum Jubilee Asha Scholarship 2026 covers students across multiple educational levels, including:
- Students of Classes 9 to 12
- Undergraduate and postgraduate students studying in NIRF Top 300 or NAAC A-rated institutions
- MBBS students
- Students enrolled in IITs and IIMs
- Students pursuing Master’s programmes abroad at universities ranked among the Top 200 in the QS World University Rankings
The programme is designed to support talented students throughout their academic journey, from school education to higher studies in India and overseas.
Financial Assistance up to ₹15 Lakh
Depending on the scholarship category, selected students will receive annual financial assistance ranging from ₹15,000 to ₹15 lakh.
The scholarship will continue for the entire duration of the selected course, subject to students meeting the prescribed renewal criteria each year.
The initiative aims to remove financial barriers that often prevent deserving students from accessing quality education and career opportunities.
Applications Open Till September 4
Applications for the SBI Platinum Jubilee Asha Scholarship 2026 are open from July 22, 2026, to September 4, 2026.
Eligible students can apply through the official scholarship portal, where detailed information regarding eligibility criteria, scholarship categories, benefits, and application guidelines is available.
SBI’s Commitment to Nation Building
Speaking about the initiative, SBI Chairman Challa Sreenivasulu Setty said the scholarship reflects the bank’s long-standing commitment to nation-building through education.
He said every deserving student should have an equal opportunity to pursue quality education regardless of financial background, adding that the programme aims to nurture future leaders, innovators, professionals, and entrepreneurs who will contribute to India’s development and the vision of Viksit Bharat 2047.
Part of SBI Foundation’s Broader CSR Mission
The scholarship programme forms part of SBI Foundation’s larger CSR strategy, which focuses on:
- Education
- Healthcare
- Livelihood generation
- Rural development
- Environmental sustainability
- Community development
- Women empowerment
- Empowerment of persons with disabilities
- Sports development
The initiative is also co-funded by several SBI Group companies, including:
- SBI General Insurance
- SBI Life Insurance
- SBI Securities
- SBI Pension Fund
- SBI Ventures
- SBI Trustee
- SBI Operations Support
Strengthening Access to Higher Education
By supporting more than 25,000 students annually, the SBI Platinum Jubilee Asha Scholarship is expected to become one of India’s most impactful corporate-funded education initiatives.
The programme reinforces the belief that education remains one of the strongest drivers of social mobility and inclusive economic growth, helping talented students unlock their potential while contributing to the country’s long-term development.
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