K. C. MAHINDRA EDUCATION TRUST
Cecil Court, Mahakavi Bhushan Marg, Mumbai 400 001.
Tel.: (022) 22021031 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 ranging from Rs 5 to Rs 8 lakhs,
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 condition :-
(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.
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:-
(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.
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 or continues to stay without the written
permission of the Trustees after the time specified, 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, whichever is
earlier, or such other expiry period as the Trust may in its sole discretion
determine
4. EMPLOYMENT
After his / her return to India 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.
Applications:
Applications
have been invited from K.C. Mahindra Education Trust, Cecil Court, Mahakavi
Bhushan Marg, Mumbai 400 001.
Applications
can also be downloaded from the link: http://www.kcmet.org
The following documents must be enclosed with this Application:
(Please DO NOT send any originals)
1. A copy of Admission letter (attested copy).
2. A copy of the testimonial from any one of the three referees
mentioned above.
3. A short statement as to the general aptitude and interest, the
type of vocation the candidate would like to pursue and his / her ambitions and
aspirations in life.
4. A copy of GRE / GMAT Score.
5. Evidence of course and degree certificates along with
Mark-sheets (attested copies).
6. A copy of School Leaving Certificate.
7. Evidence of age (attested copy).
Last
date for submission of application is 31-03-2013
For
details, see the link:
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