Federal Bank announced that 159 applicants from across the country will receive Federal Bank Hormis Memorial Foundation scholarship for pursuing higher studies. Initiated in memory of the founder of Federal Bank, Sri K P Hormis, the scholarship aims to financially support meritorious students from weaker social economic backgrounds, enabling them to pursue professional educational courses.
As part of its flagship CSR programme, applicants chosen are for the academic year 2021-22. The programme seeks to provide an opportunity for the emerging talent. Students belonging to the states of Kerala, Tamil Nadu, Gujarat and Maharashtra pursuing first year of MBBS, Engineering, B Sc. Nursing, MBA & Agriculture (BSc) including BSc (Hons) Cooperation & Banking with Agricultural Sciences conducted by Agriculture Universities had applied for this scholarship.
Launched in 1996, the Trust is striving hard to support the community in which it operates through various training programs, seminars, awards, infrastructure development and so on. Each year, Federal Bank Hormis Memorial Foundation aims to inspire children to explore their passion among many other CSR initiatives.