Become a ” J.N Tata Scholar ” – Apply For J.N Tata Endowment Loan Scholarship | Amount : Upto Rs. 10 Lakh

Become a ” J.N Tata Scholar ” – Apply For J.N Tata Endowment Loan Scholarship| Amount : Upto Rs. 10 Lakh

The J. N. Tata Endowment awards a one-time loan scholarship only at the beginning of the course to Indian nationals for full time Postgraduate/Ph.D./Postdoctoral studies abroad and in India, in all fields, irrespective of caste, creed, gender or community. The amount to be awarded to each Scholar by way of the loan scholarship is determined on the basis of the norms laid down for the purpose, and does not cover the full cost of studies.’

Scholarship Amount :

• The J. N. Tata Endowment awards a one-time loan scholarship only at the beginning of the course to Indian nationals for full time Postgraduate/Ph.D./Postdoctoral studies abroad, in all fields, irrespective of caste, creed, gender or community.
• The amount to be awarded to each scholar by way of the loan scholarship is determined on the basis of the norms laid down for the purpose, and does not cover the full cost of studies.
• The amount awarded as the loan scholarship ranges between Rs.1,00,000/- and Rs.10,00,000/-.
• All selected applicants do not necessarily qualify for the maximum amount.
• The selected scholars may also qualify for a gift scholarship and travel assistance from our allied Trusts as may be decided at the sole discretion of the Trustees of the concerned Trusts.
• A gift scholarship can be for a maximum amount of Rs.10,00,000/- and the travel grant can be a maximum of Rs.50,000/-.

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Eligibility Criteria

• Applicants should be Indian nationals who are graduates of a recognised Indian University, with a consistently good academic record and other achievements to their credit
• Students in the final year of the degree course and those awaiting results are eligible to apply.
• Mid-career professionals up to the age of 45, with a good academic record and experience in their fields for further research, specialisation or training may also apply.
• Candidates need not have the admission/offer letters from the Universities to which they have applied for the academic year 2017-2018 at the time of making the application. Candidates may, therefore, update their application form once they secure admission and submit it again, using the same Login ID.
• Scholars going abroad for seminars, conferences and undergraduate studies are not eligible for a J. N. Tata Endowment Loan Scholarship.

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Selection for the Awards

 

It is a matter of pride to be called a JN Tata Scholar. Staying true to our founder Jamsetjee Nusserwanjee’s vision of rewarding the brightest and the best, we follow a rigorous selection process. Candidates may note the following points.

• Apart from consistent academic performance, we give importance to participation in both co-curricular and extra-curricular activities.
• A good GRE/GMAT/TOEFL/IELTS score is extremely important for those applying overseas. If you have received a low GRE score, it may be advisable to improve upon it, to increase your chances of receiving the loan scholarship.
• A good statement of purpose will make a significant difference to your chances. We have provided some guidance on our web site on how you can construct a good statement of purpose.
• After the initial screening of applications, candidates who are found suitable will have to undergo an online test, the date and time of which will informed to them.
• Candidates shortlisted based on the online test will be called for an interview.
• Such candidates should mail scanned copies of the required documents before the time of the interview.

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The Interview

 

• Candidates should note that to be shortlisted for an interview is no guarantee of receiving the loan scholarship.
• The interview carries a significant weightage in the selection process and is conducted at Mumbai or through Skype by a Technical Committee from April 2017 onwards.
• Candidates should come prepared with knowledge of their subjects and suggested areas of interest, as they will be examined in depth and detail. The greatest weight will be given to depth of understanding of the chosen area of study and career path.
• There will be two interviewers, one of who is a

1. Subject-expert
2. Director of the Endowment

• The final selection of scholars for the award of the loan scholarship is based on the following criteria:

1. Performance at the interview.
2. Score at the online test.
3. Score based on academic results, GRE/GMAT/IELTS/TOEFL scores, extra-curricular activities, research work, statement of purpose, and work experience.

• All the Awards will be announced together by the first week of July 2017 by mail. The Trustees’ decision on the award of scholarships is final. Correspondence in this regard will not be entertained.

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Formalities to be completed

• The candidate and the guarantor (preferably a parent or a relative having the capacity to repay the loan) will have to visit the Administrative Office of the Endowment, by prior appointment, to complete the necessary formalities after obtaining the visa.
• They will be required to enter into a legal agreement with the Trustees and provide documentary evidence of the capacity of the guarantor to repay the loan.
• Repayment of the loan begins from the time the scholar starts earning or by the end of the third year from the availment of the loan, whichever is earlier. The amount of repayment is 20% of the loan scholarship from the end of the third year to the end of the seventh year.
• Repayment of the loan must be completed by the end of the seventh year from the date of availing of the loan.

 

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How to Apply :

• Candidates have to register for the J N Tata Endowment loan scholarship for the year 2017-2018 by using their email I.D.
• After successful registration, a one-time password will be sent to the registered email I.D. which will be valid for 48 hours. Candidates can login using their registered email I.D. and password to proceed further.
• Candidates have to change their password within 48 hours.
• Candidates may complete the application form online in one visit or more than one visit but must remember to save the draft before exiting each time. There is a preview option before final submission.
• Candidates have to upload the statement of purpose (not more than 800 words) and a scanned copy of a recommendation letter (and no other document) specifically addressed to the Trustees of the J. N. Tata Endowment on the respective letterhead with full address, telephone and mobile numbers OR from the official email address of:
  1. a Professor of the College or University OR
  2. the Employer, in case the applicant is / was working
• Applications should not be sent by post.
• Please do not leave any field blank. You may write ‘Not applicable’.
• If the instructions are not followed and the information given by candidates on the application form is incomplete or incorrect, the application is liable to be rejected

The application form will be available till 23rd March, 2017. The completed application forms will not be accepted after 31st March, 2017.

Click Here to Apply Online

PLEASE NOTE:

(i)All applications have to be submitted online.
(ii)Our office remains closed on Saturdays, Sundays and Bank Holidays

 

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FAQ’s :

Can I apply even if I do not have confirmed admission ?

ANS : Yes, you may apply even if you do not have confirmed admission from the universities you have applied to.

What is the loan scholarship?

ANS : The scholarship is at a simple interest of 2% per annum. However, if students repay within the specified time period (between the end of 4th and 7th year), the Trustees may waive the interest.

Do you ask for any collateral security?

ANS : We do not insist on any collateral but applicants must have a guarantor. This is mandatory.

Is there any specific format for LOR?

ANS : The LOR can be written by a Professor of the college or university where the candidate is studying OR the Employer, in case the applicant is / was working. The LOR should be addressed to “The Trustees of the J. N. Tata Endowment” on their respective letter heads with full address, telephone and mobile number. Alternately, it may be sent from their official mail ID. Please note that LOR sent from personal mail ID will not be considered.

Are any documents required while submitting the application form?

ANS : All scanned copies of the required documents are must be submitted at the time of the interview.

Can I update my application form at the later stage?

ANS : Yes, you can send us updates by email, clearly specifying what is the update about, using the same email ID as in the application form. Please be precise in your mail as we need to update the same information in our system.

How and when will I get the status of my application form?

ANS : Candidates who are selected for the next level are intimated over email.

When are the interviews held?

ANS : The interviews will start from March onwards. Ongoing Process.

Are the candidates reimbursed for their travel and accommodation for the scholarship interviews?

ANS : The candidates are not reimbursed for their travel and accommodation for the scholarship interviews.

Where can any query be addressed?

ANS : The Endowment can be contacted via: Emails: [email protected] Tel: +91-22-6665 7681 / 7198 / 7774 from 9:30 am to 5:00 pm on weekdays. We are closed on all bank and public holidays.

View Original Notification Here