The announcement was made as the company launched the selection process for its annual Junior Football Camp for the fourth consecutive year.
As part of Bajaj Allianz's commitment to nurturing football talent, the five youngsters would receive training scholarships under the Youth Development Programme of one of India's leading clubs -- Mohun Bagan -- on their return, a press release here said.
In addition to this, the winning team of the state finals will be rewarded with a cash prize worth Rs 75,000 and runner-up will be given Rs 50,000.
In addition, Bajaj Allianz will be conducting selection process in Pune, Mumbai, Delhi, Chandigarh, Kolkata and North East. Overall,45,000 youngsters will be targeted in the selection process taking place in June and July in the country.
This year, Bajaj Allianz has tied up with Kerala Football Association to carry out the selection process in Kerala with the help of their players and coaches.