Odisha HRD

UGC Scholarships for rank holders at the Bachelors level

Following is from a UGC page.

Post-Graduate Merit Scholarship Scheme for University Rank Holders at Undergraduate Level for the academic session 2006-07.

The University Grants Commission, on the basis of a initiative of MHRD, had introduced Post-Graduate Merit Scholarship Scheme for University rank holders (in General and Honours Courses at Undergraduate levels) with the objective of attracting talents for pursuing post-graduate studies in basic subjects. The scheme is for non-professional courses only. The selection will be purely on merit basis. The awardees under this scheme can pursue their Post-Graduate programme in any area of specialization as also in any institution of higher learning in the country recognized by UGC under Section 2(f) and 12(B) of UGC Act.

Subjects identified at undergraduate level for the award of Scholarships

Eligibility

While in General Courses the First & Second Rank holders at under-graduate level in the above mentioned courses only admitted in any Post-Graduate courses would be awarded the scholarship

In Honours Courses scholarship will be awarded only to the First Rank Holder.

These awardees will have to submit the proofs of their merit position at undergraduate level as well as their admission in first year of Post-Graduate courses during 2006-07.

The scholarship would however, be subject to securing a minimum of sixty percent marks at undergraduate level.

Duration of Scholarships:       2 Years

Number of Scholarships per year:

Rate of Scholarship:      Rs. 2000/- p.m.(10 months in a year)

Other Conditions:

A student who is awarded the Post-Graduate Scholarship will not be debarred from accepting any other Scholarship. But candidate is entitled for only one scholarship either PG Merit Scholarship for University rank holding or Indira Gandhi PG Scholarship for Single Girl Child.

Students desirous of leaving the studies mid-way without completing the PG degree will have to take prior approval from the UGC by submitting an application along with justification through the concerned university.

The University/College institution will have to submit a certificate of completion of the PG Course in respect of each student availing this scholarship.

Documents to be submitted at the time of application:

Proof of admission to Master�s degree course in a recognized Indian University.

Matriculation Certificate.

Verification certificate from the institution where the candidate has taken admission (Annexture-II)

University Rank Certificate at U.G. level (Annexure-III)

Procedure for application:

Eligible students who are pursuing postgraduate 1st year course in any of the above mentioned subjects in the current year, i.e. 2005-2006 may submit their application for the above scholarship (Annexure I) giving full details like name, father�s name, date of birth, permanent and postal address, name of the undergraduate course, percentage of marks obtained along with merit certificate, postgraduate, course being pursued etc. (with all relevant attested copies of documents).

The application may be submitted to Joint Secretary (NIC), University Grants Commission, Bahadurshah Zafar Marg, New Delhi 110002 within 15 days from the date of publication of this advertisement.

Application received after the due date will not be considered. Those who have applied earlier need to apply fresh in response to this advertisement.

Candidates are advised before submitting application should read guidelines for the scheme which is available on UGC website www.ugc.ac.in.

Envelops containing application should be marked as APPLICATION FOR PG MERIT SCHOLARSHIP FOR UNIVERSITY RANK HOLDER.

27 comments August 14th, 2007

Educational Loans from Banks

The following is copied from the UGC page on educational loans.

Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker’s Association (IBA) has framed a Comprehensive Educational Loan Scheme to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses including professional courses in schools and colleges in India and abroad.

The Salient features of the scheme are as under:

• The scheme envisages loans up to Rs.7.5 lakh for studies in India and up to Rs. 15 lakh for studies abroad.

• For loans up to Rs. 4 lakh no collateral or margin is required and the interest rate is not to exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will not exceed PLR plus 1 percent.

• The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies

Tax Benefit

Repayment of an education loan is deductible under section 80E of the Income Tax Act. The yearly limit for deduction is Rs. 40,000 (for both the principal and the interest). Only loans taken for higher education – fulltime studies in any graduate or post-graduate, professional, and pure and applied science courses – may claim deduction. The deduction will be available for a maximum of eight years starting from the day you start repaying.

Equitable Access to quality higher education has been a concern of the University Grants Commission. To this purpose the Commission, besides encouraging colleges and universities to provide for liberal financial support to the meritorious but needy students, has also been instrumental in educational loan scheme. The Reserve Bank of India (RBI) has issued guidelines in this regard to all commercial banks. A large number of banks have already launched educational loan schemes. Provided below are links to the respective website of individual banks offering such facilities.

• Allahabad Bank
  Educational Loan Scheme Application form

• Andhra Bank
  Educational Loan Scheme Application Form

• Bank of Baroda
  BOB Scholar Application form

• Bank of India
  Vidya Vardhini Application Form

• Bank of Maharashtra
  Educational Loan Scheme Application Form

• Canara Bank
  Vidyasagar Loan Application Form

• Central Bank of India
  Centvidhyarath Application Form

• Corporation Bank
  Educational Loan Scheme Application Form

• Dena Bank
  Dena Vidya Laxmi Application Form

• Indian Bank
  Educational Loan Scheme Application Form

• Indian Overseas Bank
  Vidya Jothi Application form

• Oriental bank of Commerce
  Educational Loan Scheme Application Form

• Panjab and Sindh Bank
  Educational Loan Scheme Application From

• Panjab National Bank
  Vidyalaksyapurti Application Form

• State Bank of India
  Educational Loan Scheme Application Form

• State Bank of Bikaner and Jaipur
  Educational Loan Scheme Application Form

• State Bank of Hyderabad
  Educational Loan Scheme Application form

• State Bank of Indore

• State Bank of Mysore

• State Bank of Saurashatra

• State Bank of Travancore
  Gyan Jyothi Application Form

• Syndicate Bank
  SyndVidya Application Form

• Uco Bank
  Educational loan Scheme Application form

• Union Bank of India

• United Bank of India
  Educational loan Scheme Application Form

• Vijaya Bank
  Education Loan Scheme Application Form

Disclaimer: Since the rules, regulations, eligibility conditions, repayments and interests rates etc are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

9 comments August 14th, 2007

NIT (National Institues of Technology) act becomes effective Aug 15 2007.

Update: The NIT statutes based on this act was pubslished in the Gazette in April 2009. A copy of it is at https://www.orissalinks.com/bigfiles/NIT%20statutes.pdf. Thanks to the  reader who commented on this.

The NIT (National Institutes of Technology) act becomes effective Aug 15 2007. There is a similar act for the IITs; but the NITs did not have one earlier. By virtue of this act NITs now become "Institutes of National Importance (INI)." Thus the proposed IIESTs, which will also be accorded INI status will not necessarily have a higher status than NITs.

76 comments August 14th, 2007

Next round of JEE counselling soon; AIEEE counseling dates not fixed yet

Tathya.in has a detailed report on this. There are lots of "ifs" and "may" in the report. So excerpts will confuse readers. Please read the full article.

17 comments August 14th, 2007

JITM Students obtain scholarships from LBW trust of Australia

Following are excerpts from a report in Pioneer on this.

Thirteen students belonging to B Tech, +2 Science and ITI of JITM, Paralkhemundi, have been chosen by the LBW Trust, which is based in Sydney, Australia, having the website http://www.lbwtrust.com.au.

The scholarships will cover the respective tuition fees in different programmes. The support is initially for a year and would be continued based on the academic performance of the students.

The awardees also include three female students. It is expected that this support will assist the selected students greatly, who are from weak financial background though being meritorious. It is also expected to encourage other students to perform well academically in order to avail similar opportunities in the future.
…
The LBW Trust was established last year with the purpose of providing education and training to impoverished and underprivileged people overseas and within Australia.

Candidates for assistance by the trust would be chosen from cricket playing nations among developing countries as well as from Australia.

The trust hopes that these young men and women, who are sponsored by it, would in their turn play their part in the upliftment of their countries.

Interested students should go to the Contact Us pages of the trust and send a mail to them to find out more about this scholarship and how to apply for it. 

1 comment August 14th, 2007