Auxilo Finserve, an education-focused NBFC claims to have doubled its Corporate Social Responsibility (CSR) funding for the financial year 2025-26. Through its flagship initiative, the ImpactX Scholarship under the Edevate CSR banner, the company claims to provide financial help to students from economically weaker backgrounds and to talented students with strong academic potential.
The company asserts that in the financial year 2024-25, its Edevate CSR Program awarded scholarships worth over Rs 95 lakh. This support helped more than 500 students across India pursue undergraduate, postgraduate, and skill-development courses.
Scholarship’s eligibility criteria and who can apply?
Auxilo follows a strict verification process, including home visits, to ensure scholarships go to genuinely deserving candidates. The company has also developed an in-house AI platform that validates and interprets student information, generating a Social Impact Score to enable unbiased selection.
The ImpactX Scholarship Program provides deserving students with scholarships of up to Rs 1,00,000 per semester. Key highlights of the program include:
- Scholarship Amount: Up to Rs 1,00,000 per semester
- Eligibility: Students from EWS backgrounds and merit-based deserving candidates
- Annual Family Income: Must not exceed Rs 7,00,000
- Applicable Courses: Full-time UG/PG programs recognized by AICTE, UGC, NAAC, or NBA
- Academic Requirement: Minimum 70% marks in the previous academic year
- Age Limit: 18-35 years
“Education is the most powerful tool for social transformation. Through the ImpactX Scholarship Program, we aim to support underprivileged youth by giving them an opportunity to pursue and complete their education. This initiative is not just financial aid, it’s about changing lives,” Neeraj Saxena, Managing Director and CEO of Auxilo Finserve, said.
Partnerships to reach more students
Furthermore, Auxilo claims to have partnered with education-focused NGOs like Buddy4Study and BIRDS (Bijapur Integrated Rural Development Society). These collaborations help the program reach deserving students, including those from rural areas, underserved communities, specially-abled individuals and high-achieving students from diverse backgrounds.