Hyderabad's Bhanu bags $-2000 Niyo scholarship for education abroad

Hyderabad: Niyo, India's pioneering travel banking platform is supporting Indian students aspiring to pursue education abroad. Bhanu Prakash, a 21-year old from Ameerpet area of Hyderabad has been awarded a scholarship of $2000 to study at a renowned university in, Massachusetts, USA. Bhanu plans to pursue masters in (Business Analytics) and contribute to India's growth by building a startup upon his return.

Bhanu hails from Koyyalagudem, a small town in Andhra Pradesh. His father is the family's sole breadwinner and has successfully supported Bhanu's education, as well as that of his younger sibling. As a bright student, Bhanu has been a scholarship holder during his undergraduate studies. He applied to nine US universities, including Brandeis University, University of Maryland Baltimore County, Texas Tech University, Cleveland State University, Gannon University, and University of Dayton, receiving admissions from most of them. Bhanu received a 40 per cent scholarship from Brandeis University for a Master's in Business Analytics and decided to pursue his degree there. With the Niyo Scholarship, Bhanu will be able to cover most of his initial expenses and have a smooth transition to the USA.

Niyo's Scholarship Program initiative eases the financial burden for students embarking on their academic journeys this fall. With a total fund of $20,000, Niyo plans to provide ten individual scholarships of $2,000 each. This award will help ease the financial demands of studying abroad, covering tuition fees, living expenses, and other educational costs. Hyderabad had the highest participation rate in the Scholarship Program (25 per cent), followed by Ahmedabad (22 per cent), Bhubhneshwar (18 per cent), Pune, Kochi, Mumbai, and Delhi.

Vinay Bagri, Co-founder and CEO, Niyo, said, “We are thrilled to support students like Bhanu Prakash in their pursuit of international education through the Niyo Scholarship Program. At Niyo, we understand the financial challenges that come with studying abroad, and our mission is to alleviate some of that burden.”