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Scholarships

Scholarships

To encourage and help meritorious students pursue their study, various scholarship schemes and financial aids are offered by the Institute. Such assistance is subject to the regulatory provisions and meeting with the prescribed criteria, as may be decided by the University from time to time.

Sr. No. Criteria Amount(Per Annum)
1 Top 4 Students 100% of the Fee
2 Other 5 Students 75% of the Fee
3 Other 7 Students 50% of the Fee

The above scholarship will be subject to the following conditions:

  1. During the entire previous year the conduct of the student is good.
  2. The Student should maintain merit and get PPI of 7.0 and above and should have passed all courses of study in the first attempt in the previous year, except the conditions narrated below:
    For Core Courses
    At the time of renewing the scholarship for Semester-III, if a student is having “IF” in only one course of 1st year, then he/she should be provided 50% scholarship for Semester-III. Further, if the student clears all the courses including backlog at the end of Semester-III, then the scholarship of Semester-IV will be given with the arrears of Semester-III
    For Supplementary Course
    At the time of renewing the scholarship in the beginning of next semester, if a student is having “IF” in only one supplementary course, then he/she shall be provided the scholarship. However, the same will be considered only for 3 times during the entire duration of programme.
  1. The student is not caught in the Unfair means in any of the examination conducted either by the Institution or by the University
  2. The student maintains full attendance except the absence with genuine reason for which the permission of the HoI is obtained particularly in case of Illness.

 

Details Scholarship on Course Fee
Seven (7) Students whose Parents’ Total Income is Rs. 2.5 lacs or less    100%
Another Nine (9) Students whose Parents’ Total Income is Rs. 4 lacs or less     90%
Another Nine (9) Students whose Parents’ Total Income is Rs.6 lacs or less     75%

The above scholarship will be subject to the following conditions:

  1. All the conditions narrated under Category- I above will be made applicable.
  2. The number of scholarship as mentioned above is maximum and may vary from year to year depending upon the number of NRI seats filled in a year.
  3. The students admitted under the Non Resident Indian (NRI) or Person of Indian Origin (PIO), Foreign Nation as (FN) or Children of Indian Workers in Gulf Countries (CIWGC) categories will not be eligible for such scholarships.
  4. The President will have power to make any exception in the above rules framed.
  5. However, in case of doubt, if any, in interpretation of any clause, the decision of the President will be final.

Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), the Department of Higher Education (Ministry of Human Resource Development) and the Indian Banks Association (IBA). The portal has been developed and being maintained by NSDL e-Governance Infrastructure Limited. Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal. The portal also provides linkages to National Scholarship Portal.

More details can be obtained from the official website https://www.vidyalakshmi.co.in/Students/index

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