K.
C. MAHINDRA EDUCATION TRUST
Cecil
Court, Mahakavi Bhushan Marg, Mumbai 400 001.
Tel.:
(022) 22021031 / 22895526 Fax : (022) 22852441
K. C. MAHINDRA SCHOLARSHIP FOR POST-GRADUATE STUDIES ABROAD
GENERAL INFORMATION & RULES
In the year 1953,
late Mr. K. C. Mahindra established this Trust for promoting education among
Indian nationals in Engineering, Natural Sciences, Humanities, Medicine and
Business Management including the study of Military, Naval and Aviation
Sciences.
Interest-free
loan scholarships for higher education abroad are being awarded since the year
1956. Announcements offering scholarship appear every year in all leading
newspapers of the country. 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.
Govt.
and Quasi-Govt. officers with a creditable academic record, going abroad for
specialised qualification are also eligible
to apply.
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.
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 APPLY
To
be eligible to apply for the K. C. Mahindra Education Trust Scholarships the
Applicant is required to satisfy the following conditions :-
He/She is required to possess a
First Class degree or an equivalent diploma of similar standard of a recognized
Indian University.
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.
PROCEDURE
FOR APPLICATION
Announcements will be made in
leading newspapers of the country of the inviting applications for the award
for that particular
year.
Upon receipt of the Application
Form:-
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.
where names of referees have been
asked for, candidate is required to have their permission prior to giving their
names as referees.
The Application Form will have to be
signed by:
the candidate
candidate’s parent or guardian
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.
CONDITIONS TO BE FULFILLED BY
SELECTED CANDIDATES
AGREEMENT
The
selected candidate is required to sign an Agreement, the terms and conditions
of which may include any or all of the following:-
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.
The course of studies or training
shall not be altered under any circumstances, without the prior written
sanction of the trustees.
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.
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.
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.
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.
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.
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.
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, whichever
is earlier, or such other expiry period as the Trust may in its sole discretion
determine
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.
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