RD Sethna 2017 Loan Scholarship For Studies : rdsethnascholarships.org
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Organization : RD Sethna
Scholarship Name : Loan Scholarship For Studies 2017
Applicable For : Citizens of India
Application Last Date : 31st August 2017
Website : https://www.rdsethnascholarships.org/
Loan Scholarship For Studies :
The RD Sethna Scholarship Fund grants only loan scholarships to students who are citizens of India, regardless of community, caste or creed.
Update : RD Sethna Loan Scholarship For Studies 2018 : www.scholarships.net.in/27207.html
Loan scholarships are granted to enable students to undertake scientific, technical, industrial or commercial studies in India and overseas on the condition that they are repayable with interest in terms of the agreement and other documents required to be entered into and executed by applicants and their male guarantors.
All Applications should be made on the prescribed Form, which can be obtained on request from the Trust office. No Forms will be sent to intending applicants by post, unless the request is accompanied by payment of Rs.50/- either by a Postal Order or by demand draft in favour of R D Sethna Scholarship Fund.
Applicants must also send a self addressed Rs.10/- stamped envelope of size: 23 cm x 10 cm. Applicants must indicate whether the Form is required for studies in India or overseas.
Applications for loan scholarships are invited by the Trust from 1st April each year. The last date for receiving applications for overseas studies is 31 May and for local studies is 31st August each year. Only successful applicants will be informed of the grant, and no intimation will be given to unsuccessful applicants.
Only those applicants who have passed at least the Secondary School Certificate examination or other equivalent examination and who have secured not less than 50% of the total marks in the last examination given by them prior to the making of the applications are eligible to apply for a loan scholarship.
The person proposed as guarantor must be a male, and permanent resident in Mumbai having a monthly income of not less than Rs.10,000/- for applicants pursuing studies in India and Rs.15,000/- for applicants pursuing studies overseas. Applicants must submit letters of recommendation from 2 recommenders who are permanent residents in Mumbai.
Documents Required :
The application form must be legibly filled in and must be accompanied by the following documents.
** Certified copies of the Mark sheets of marks secured by the applicant at each examination commencing with the Secondary School Certificate examination or other equivalent examination.
** A copy of the letter of admission to the college, Institution or University at which the applicant intends to undertake studies. In the case of applicants who have secured admission to USA Universities or Institutions must enclose a copy of the Form I-20.
** For studies in India the applicant must produce the receipt of the admission fees paid to the College or Institution.
** Salary certificate or copy of income-tax assessment order of the parents and the person proposed as guarantor.
** Copies of testimonials/letters of recommendations given to the applicant.
** A passport size photograph duly certified as the applicant’s photograph by a S.E.M. or Gazetted Officer or head of any recognized College or Institution in which the applicant has studied or is studying.
** Students proposing studies in India must submit proof of the recognition granted to the College or the Institute by the Govt. of India.
Note:
All copies submitted with the application Form should be certified as true copies by a S.E.M. or Gazetted Officer or head of any recognized College or Institution in which the applicant is studying or has studied.
Loan scholarships, when granted, will be paid to the applicant in such installments as the trustees may think fit, having regard to the circumstances of each individual case.
Applicants to whom the loan scholarships are granted and their guarantors will be required to execute such documents personally at our Trust office as trustees may think necessary to evidence the grant of the loan scholarships and to ensure the repayment thereof, and in particular the following:-
** A joint and several demand promissory note
** An agreement in the prescribed Form.
** Receipts and acknowledgments in the prescribed form.
If loan scholarships are not availed of without reasonable cause within 6 weeks from the date on which they are stated to be required, or if the applicant or his guarantor fails to complete the requisite formalities or execute necessary documents within 4 weeks of their being called upon to do so, the grant shall stand cancelled.