The foundation, is the public charitable trust formed by Federal Bank to perpetuate the memory of its founder K P Hormis and the scholarships are given every year, a press release said.
The beneficiaries have been doubled this year.
The scholarships are granted to students of deserving merit pursuing streams Medicine (MBBS), Engineering (BE/B-Tech), Agriculture (B.Sc), Nursing (B.Sc) and MBA. Twenty students in each stream are offered the scholarship including one seat reserved for a physically challenged.
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