Organization : Rotary Service Public Charitable Trust
Scholarship Name : Shri Mahavir Prasad Ruia Vocational Education Loan Scholarship
Applicable For : Vocational / Professional Studies
Website : http://rcbw.org/edu-loan-scholarship/
Application Form : https://www.scholarships.net.in/uploads/11379-Loan.pdf
Mahavir Prasad Ruia Loan Scholarship :
Rotary Club of Bombay West offers interest-free loans to deserving students wishing to pursue job oriented vocational courses but do not have financial resources to do so. This project of the Club, started in 1994, has been receiving overwhelming response from the donors which has enabled the Club to disburse over Rs.100 lacs by way of Loan Scholarships to more than 550 students.
Related : RD Sethna 2016 Loan Scholarship For Studies : www.scholarships.net.in/8919.html
Community :
Needy students from lower income group will qualify for the Scholarship if they live in Bombay and or / study in Bombay, new Bombay and upto Virar.
Minimum Education :
S.S.C. 60%
H.S.C. 60%
Courses :
Vocational / Professional courses leading to Certificate, Diploma or
Degree will qualify for the Scholarship e.g.,
** Engineering – Diploma and Degree
** Advertising
** Education
** Business Management
** Craftsman courses such as Turner, Draftsmen, Plumber and Wiremen, etc.
** Tourism, Catering, Hospitality, etc.
** Commercial Arts
** Computer courses
** Any other Vocational course
Amount :
Loan Scholarship application shall be supported to possible maximum extent. However, no student will be eligible to get the scholarship from the Trust for more than 2 years.
Request :
** Self attested Xerox copies of results from SSC onwards up to last examination passed and additional identity documents.
** Xerox of salary certificate or latest I/Tax Return of Father/Mother & Guarantor
** Xerox of fees paid to College
** Xerox of Certificate of extracurricular activities if any
** Xerox of Ration Card & Election Card & PAN Card / Aadhar Card.
Repayment :
** Full repayment in monthly installments in maximum of 2 years period but not later than two and half years after completion of courses and after securing gainful employment.
** In case of chronic default in repayment, we reserve all our rights to recover Loan Scholarship legally with 15% penal interest for period under default by recourse to you as well as your guarantor.
** Student availing scholarship shall be fully responsible to inform us any change in address and telephone of self as well as of guarantor. He should be in constant touch with the Trust and keep us postedof his progress of studies with Xerox of results.
** Student after passing final exams shall inform us full details of his employment, also send to us copies of final exam results.
Note :
The decision of the Rotary Service Public Charitable Trust shall be final.