India: Auxilo Finserve, an education-focused NBFC, has doubled its CSR investment for FY 2025-26. Through ‘ImpactX Scholarship Program’, Auxilo’s flagship initiative under the Edevate CSR banner, the company will financially support students from the economically weaker sections (EWS) of the society and, also merit-based deserving candidates with exceptional academic potential/performance.
In FY 2024-25, the Edevate CSR Program funded over ₹95 lakh in scholarships, enabling more than 500 students across India to pursue undergraduate, postgraduate, and skill-development courses.
Under the ImpactX Scholarship Program, deserving students with strong academic performance will receive scholarships of up to ₹1,00,000 per semester.
ImpactX Scholarship Program – Key Highlights:
- Scholarship Amount: Up to ₹1,00,000 per semester
- Eligibility: Students from the EWS segment of society and merit-based deserving students
- Annual Family Income: Must not exceed ₹7,00,000
- Applicable For: Full-time UG/PG courses recognized by AICTE, UGC, NAAC, or NBA
- Academic Requirement: Minimum 70% marks in the last academic year
- Age Limit: 18 to 35 years
Neeraj Saxena, Managing Director and CEO of Auxilo Finserve, stated
“Education is the most powerful tool for social transformation. Through the ImpactX Scholarship Program, we aim to support underprivileged youth by providing an opportunity to pursue and complete desired education. This initiative is not just about financial aid, it’s about transforming lives.”
Auxilo has also partnered with education-focused NGOs such as Buddy4Study and BIRDS (Bijapur Integrated Rural Development Society) to broaden its outreach and ensure scholarships reach the most deserving candidates, including students from rural and underserved communities, specially-abled individuals and academically meritorious students from diverse backgrounds.
Auxilo follows a robust verification process, including home visits, to ensure the scholarships benefit genuinely deserving candidates. The team at Auxilo has developed the industry’s first in-house AI platform that not only validates but also interprets and verifies student-submitted information, generating a Social Impact Score to enable unbiased student selection.
Students can apply by visiting https://www.auxilo.com/Impactx-scholarship/ and submitting the required documentation.
This initiative reflects Auxilo’s long-term vision of creating social impact through education by bridging financial barriers and empowering young minds from under-represented communities.