SBH launches welfare scheme for underprivileged girls

State Bank of Hyderabad has launched a welfare scheme to provide financial assistance to underprivileged/differently abled girl students.

Under the scheme, christened as ‘SBH Vidya', each of the 1,410 branches of SBH in Andhra Pradesh will adopt a student studying between VI-X standard based on the recommendation of the school management committee.

The identified students would be extended Rs 5,000 per year as financial support to meet various requirements till she reaches X standard.

“Each year, we propose to extend this assistance to new beneficiaries under this scheme,'' Mr M. Bhagavantha Rao, Managing Director, SBH, said after formally launching the scheme here on Tuesday.

The scheme was part of corporate social responsibility and community banking activities, he added.