SBI Scholarship 2026-27: If you or someone in your family is enrolled in school, college, IIT, IIM, medical school, or studying abroad and facing financial difficulties regarding education, this initiative from the largest public sector bank in the country could be very beneficial. The SBI Foundation has initiated the application process for the “SBI Platinum Jubilee Asha Scholarship 2026-27.”
What does this scheme offer?
This SBI initiative provides financial support to deserving students from economically weaker backgrounds, with assistance ranging from Rs 15,000 to Rs 1.5 million each year. The application process is entirely free and conducted online. As per the official website, the deadline for submitting online applications for the 2026-27 academic year has been extended to September 19, 2026.
What are the scholarship amounts available for different categories?
The SBI Asha Scholarship is available for various educational levels:
Students in classes 9 to 12: Rs 15,000 per year.
Undergraduate (UG) students: Up to Rs 75,000.
Postgraduate (PG) students: Up to Rs 1.5 lakh.
MBBS (Medical) students: Up to Rs 2 lakh.
IIT (Engineering) students: Up to Rs 2 lakh.
IIM (MBA/PGDM) students: Up to Rs 5 lakh.
Students studying abroad: Up to Rs 15 lakh.
Who is eligible to apply?
The SBI Foundation has established specific educational and family income criteria for scholarship eligibility:
For classes 9 to 12: A minimum of 75% marks or 7.5 CGPA in the previous class is required. For SC/ST students, the minimum marks are 65%, and for students with disabilities (PwBD), it is 60%. The family income should not exceed Rs 3 lakh per year.
For Graduation and Postgraduation (UG/PG): The family income limit for UG students is Rs 6 lakh per year. The college or institute must be among the top 300 in the NIRF overall ranking or possess a NAAC ‘A’ grade.
For MBBS: Admission to AIIMS or a NIRF top 50 medical college is required. A NEET score is also necessary.
For IIT: Enrollment in any of the 23 IITs in the country and a valid JEE Advanced scorecard is mandatory.
IIM: Students studying in 22 IIMs across the country and having a valid CAT scorecard (income limit and educational norms apply).
Higher Education Abroad: Indian students studying at or holding an admission offer letter from a QS Top 200 university are eligible. Family income must be less than Rs 6 lakh per annum. A valid GRE, GMAT, MCAT, LNAT, or LSAT scorecard is required.
How to apply and what documents are required?
Visit the portal: Create your account by visiting the official SBI Asha Scholarship portal.
Select Category: Select the correct scholarship category as per your eligibility and fill the form.
Upload Documents: Previous Academic Marksheet, Identity Card (Aadhaar/Govt ID), Income Certificate, Bank Passbook Details, Admission/Bonafide Certificate and Fee Receipt, Entrance Exam Scorecard (JEE/NEET/CAT/GRE/GMAT etc.), Caste Certificate or Disability Certificate (if applicable).