Since its inception, the K.C. Mahindra Education trust has promoted education mainly by way of scholarships and grants to deserving and needy students. Some of these were instituted way back in the mid 1950s while others were founded more recently, a proof of its continuous efforts to bring about social and economic development through a literate, enlightened and empowered populace.
About the scholarship:
To encourage and motivate students, K. C. Mahindra Education Trust has set up the K.C. Mahindra Scholarship for Post Graduate studies abroad. Interest-free loan scholarships for higher education abroad are being awarded since the year 1956. In the year 2010, the trust announced the KC Mahindra Fellows Fund where the 3 most deserving candidates selected are awarded an interest free loan scholarship where the maximum amount will be Rs. 8 lakhs per scholar, based on merit and need.
Preference will be given to students who are interested to pursue their studies in subjects important for the development of the country, such as Survey and Prospecting of the mineral resources of the country, alternate Sources of Energy, like Solar, Wind and Tidal Energy, and Bio-Gas Technology for rural areas, Oceanography, Off-shore Drilling, Harvesting of ocean wealth, like Sea-bed Mining, Fisheries and Exploration of other oceanic products, Water Management, Agricultural Research and Engineering
, Transportation Economics, High-Tech. Electronics and any other emerging areas and industry. The decision of the Trustees, with regard to the annual awards is based on the recommendation made by the Selection Committee. These recommendations are made on the basis of merit, but the character, aptitude and ambition of each individual candidate are also the guiding factors while making the selection.Duration:
Duration of studies abroad would be for a maximum of two years unless specific approval of the Trust is obtained by the scholar to extend studies exceeding this period.
Award
Every year, 50 scholarships are offered as given below:
1) A maximum of Rs.8 lakh per scholar, awarded to the top 3 K.C. Mahindra fellows
2) A maximum of Rs.2 lakh per scholar, awarded to remaining successful applicants
Value:
The maximum amount for the scholarship will be Rs. 2 lakhs per scholar, except for the 3 K.C. Mahindra fellow scholarships for which the maximum amount will be Rs. 8 lakhs per scholar
Eligibility:
To be eligible to apply for the K. C. Mahindra Education Trust Scholarships, the Applicant is required to satisfy the following conditions :-
(a) He/She is required to possess a First Class degree or an equivalent diploma of similar standard of a recognized Indian University.
(b) Applicant must have secured admission or atleast have applied for admission in reputable foreign Universities or Institution.
In addition to the above conditions the Applicant’s character, aptitude and ambition will be the major factors in guiding the Trustees to arrive at a decision regarding the final selection.
The Applicant is required to state definitely all sources of financial help by the way of University Scholarships, College Fellowships or other financial support from relations and friends or from other Trusts.
Application Procedure:
Interested candidates can download the application form through the following link
Upon receipt of the Application Form:-
(a) the candidate is required to go through the form carefully and answer all question relevantly and in detail, taking care not leave any column blank.
(b) where names of referees have been asked for, candidate is required to have their permission prior to giving their names as referees.
(c) The Application Form will have to be signed by: (i) the candidate (ii) candidate’s parent or guardian (iii) the person who will guarantee the regular payment of the insurance premia and repayment of the loan.
The Application Form must reach the office of the Trust before the specified date. Forms received late will not be considered for the scholarship award.
Postal Address:
Note:
1) The form needs to be printed on legal / full scape size paper.
2) The last date to submit the form is 31.03.2016
3) The completed form needs to be sent to the following address:
K.C. Mahindra Education Trust
Cecil Court, 3rd Floor, Near Regal Cinema, Mahakavi Bhushan Marg,
Colaba, Mumbai – 400 001
Conditions to be fulfilled by selected candidates:
1. AGREEMENT
The selected candidate is required to sign an Agreement, the terms and conditions of which may include any or all of the following:-
(a) The candidate shall undertake to commence his / her studies from a date fixed by the Trustees and prosecute the same continuously with due diligence at the place of institution, as agreed upon by the Trustees.
(b) The course of studies or training shall not be altered under any circumstances, without the prior written sanction of the trustees.
(c) The candidate shall not be entitled to incur claim or receive any other expenditure or allowance save that sanctioned in writing at the time of award of the scholarship.
(d) If during the period of the scholarship, the candidate receives any other scholarship or other pecuniary emoluments or comes into possession of any independent means, the Trustees shall be at liberty, in their absolute discretion, to discontinue or reduce the scholarship payable to the candidate.
(e) The candidate shall give written acknowledgements to the Trustees of all payments to be made to him / her under the scholarship or to be disbursed on his / her behalf and such payment or disbursement shall constitute a debt by the candidate to the Trustees.
(f) If the scholarship is cancelled or the candidate changes his / her nationality or acquires foreign citizenship, the entire amount of the said debt shall become immediately payable and the candidate shall forthwith repay the same notwithstanding the other terms and conditions applicable to the candidate.
(g) If in the judgment of the Trustees, a candidate who is awarded a scholarship is guilty of serious misconduct or idleness of fails to maintain a reasonable standard or proficiency or ceases to pursue his / her study or training or there is any breach of the agreement mentioned above, the Trustees may deprive the candidate of his / her scholarship. The decision of the Trustees under the provision shall be final in each case and shall not be liable to be questioned in any manner whatsoever.
2. INSURANCE
Before leaving the country, the candidate is required to obtain a 20 year MONEY BACK Policy on his / her life for a sum usually equivalent to the total scholarship amount to him / her, and under such table as may be decided upon by the Trustees.
This policy will be assigned by the candidate in favour of the Trustees in a manner prescribed by the Trust.
All arrangement regarding the said policy will be made by the Office of the Trust.
The candidate shall obtain a guarantee acceptable to the Trustees for the due and regular payment of the premia to become payable in respect of the said policy.
All such premia must be remitted directly to the insurance company and a copy of the receipt should be sent to the Trust office.
If the candidate already has a policy on his / her life he / she should submit full details regarding the same to the Trustees, who may, in their absolute discretion, waive the necessity of obtaining a fresh policy, if existing policy should meet with their approval.
Only on receipt of the duly assigned insurance policy in favour of the Trustees as stated above, will the candidate receive payment of the loan scholarship amount.
3. REPAYMENT OF THE LOAN SCHOLARSHIP
The candidate shall repay the scholarship amount to the Trust within 24 months of completing the course or 48 months of receiving the scholarship, whichhever is earlier, or such other expiry period as the Trust may in its sole discretion determine
4. EMPLOYMENT
After completing the course the candidate will be free to serve any firm or institution of his / her choice. There will not be any obligation on the part of the Trustees to provide employment.
Application Deadline: 31 March 2016
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