State Bank of India (SBI) has started Talent Award Scheme under which this year it would be felicitating 1,00,000 top ranking students across 10,000 rural higher secondary schools in the country. For this bank has approved Rs 10 crores for the purpose.
As a reward each of the selected students will get a Certificate of Excellence signed by a top executive of the bank and the school principal concerned and they will be given a cash award of Rs 1,000 either in cash or the Bank will open a saving account with ATM card and internet banking facility into which the money would be deposited.
The bank will also be sanctioning, in-principle, education loan to the rank holders for pursuing higher education. The top three rank holders under each stream viz Science, Arts and Commerce will be eligible for the loan.
Separate awards would be given to the rank holders of the State Board Examinations, ICSE and CBSE.
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