Organization : RD Sethna
Scholarship Name : Loan Scholarship For Studies 2018
Applicable For : Citizens of India
Application Last Date : 31st August 2018
Website : https://www.rdsethnascholarships.org/
RD Sethna Loan Scholarship
The R D Sethna Scholarship Fund grants only loan scholarships to students who are citizens of India, regardless of community, caste or creed.
Related : World Bunts Foundation Trust Education Loan & Scholarship 2018-19 : www.scholarships.net.in/26891.html
Loan scholarships are granted to enable students to undertake scientific, technical, industrial or commercial studies in India.
Who Can Apply?
** 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
How to Apply?
All Applications should be made on the prescribed Form, which can be obtained on request from the Trust office.
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.
Note :
i. 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.
ii. 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.
Terms & Conditions
** 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.
** Every applicant who is granted a loan scholarship of a sum of Rs.10,000/- or more to undertake studies in India or overseas is required, after such grant but before any payment is made, to effect an Endowment Life Insurance policy for a sum equivalent to or in excess of the loan scholarship on his life with an Insurance Company for a period of not more than 20 years.
An existing insurance policy could be assigned to the Trustees if it covers the loan amount.
Application Last Date
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.
Contact Us :
Mr. Farrokh M. Rustomji – CEO
Esplanade House,
29 Hazarimal Somani Marg,
Fort, Mumbai-400 001.