Tata Motors, India’s leading automobile manufacturer, has unveiled two special funding programs, ‘Vidyadhan’ and ‘Utkarsha’, designed to facilitate higher education for the children of its technicians working in manufacturing facilities across India. The programs will benefit families in Pune, Lucknow, Jamshedpur, Dharwad, Sanand, and Pantnagar.
The ‘Vidyadhan’ program offers education loans at concessional rates to support higher education for children who have successfully completed grades 10 and 12. Meanwhile, the ‘Utkarsha’ program provides annual scholarships specifically for girls, transgender individuals, and specially-abled children.
Mr. Sitaram Kandi, Chief Human Resources Officer (CHRO) of Tata Motors, stated, “Quality education is vital for progress and development. With these programs, we are making higher education more accessible and enabling the next generation of our hardworking technicians to fulfill their own dreams as well as those of their parents. While the children can focus on studying beyond 10th and 12th grades in any field of their choice, the parents do not have to worry anymore about the financing required for it. They will have better opportunities to build a successful career and life with the right qualifications and skills.”
Vidyadhan: Building Brighter Futures
‘Vidyadhan’ serves as a transformative bridge to higher learning, empowering the next generation to realize their potential. Eligible technicians can access loans of up to Rs. 7.5 lakh, covering up to 95% of fees for domestic education and up to 85% for international education. These loans are offered in collaboration with the State Bank of India (SBI), with Tata Motors providing concessions on the interest rate—50% lower for boys and 70% lower for girls, transgender individuals, and specially-abled children. To qualify, students must be enrolled in a full-time graduate or postgraduate course of at least two years’ duration at recognized universities or AICTE-equivalent institutions in India or abroad.
Utkarsha Scholarship: Fostering Inclusivity with Empowerment
The ‘Utkarsha’ program offers an annual scholarship of Rs. 25,000 to support the higher education of girls, transgender individuals, and specially-abled children who have successfully completed grades 10 or 12. To qualify, applicants must have scored a minimum of 60% and secured admission to a recognized university or AICTE-equivalent institution in India or abroad.
These initiatives by Tata Motors underscore the company’s commitment to fostering education and inclusivity, ensuring that the children of its employees have the resources and opportunities to build successful futures.
