niituniversity.in : NUGPS NIIT University Global Professional Scholarship Scheme 2015-17

Organization : NIIT University Rajasthan
Facility : Scholarships for NUGPS Global Professional Scholarship Scheme 2015-17

Home Page :http://www.niituniversity.in/academics/management-programmes/scholarships/

Global Professional Scholarship Scheme 2015-17 :
Just as MBA aspirants seek the best institutions to pursue their studies and then the best corporations for their careers, farsighted and progressive companies undertake rigorous initiatives to nurture the best young talent. They seek to identify budding professionals with potential who possess a distinctive spark, and invest effort in grooming them with the appropriate knowledge, skills and attitudes that modern industry requires.

NIIT University is happy to announce such an initiative sponsored by industry that is designed to nurture excellence among MBA aspirants – the NIIT University Global Professional Scholarship award. Funded by industry, this award is a liberal financial assistance scheme available to prospective MBA students of NIIT University, intended to facilitate their admission and study in the new-age industry-linked Management programs of NU.

The NIIT University Global Professional Scholarship (NUGPS) scheme provides financial assistance of Rs 4,50,000/- to each awardee over the 2-year MBA period, credited directly to the University and adjusted against MBA fees and charges. Designed solely with the objective of grooming Managerial Excellence, the only significant conditions attached are that the student must maintain passing-grades (ie, CGPA of 5.00 out of 10) and have no disciplinary proceedings during the program. There are no conditions related to subsequent employment after the MBA. [Please click here for detailed Terms and Conditions.]

NIIT University proposes to enrol a limited number of MBA students during Admission Year 2015, and every aspirant selected for the MBA can expect to be granted the NUGPS Award. In other words, for this admission year, every candidate who is worthy of admission to the program, is also likely to receive financial assistance through the NUGPS award. All applicants for the MBA Program will be assumed to be applicants for the NUGPS scheme also.

Fees
The Annual Fees for the NU MBA program are Rs 5,24,300/- and Rs 5,28, 800/- in Years 1 and 2 respectively. However, the fees actually paid by students of the 2015-17 batch are likely to be significantly less, in view of the NUGPS scheme described above. For students under the NUGPS scheme, the fees will be Rs 2,99,300/- and Rs 3,03,800/- in Years 1 and 2 respectively.This figure includes hostel charges for double occupancy rooms for Men, and will vary slightly based on type of rooms (eg, double occupancy) and gender. The figure does not include food or personal expenses. [For details of fees, payment plans, refund rules and other conditions, please click here.]

Terms And Conditions Of The Niit University Global Professional Scholarship (Nugps) Scheme :
** The NUGPS scheme is applicable for MBA Admissions at NIIT University to the 2015-17 cohort only.
** The scheme is primarily funded by CSR and other initiatives of partnering industries, and is intended to attract exceptional young professionals to Management careers. Specifically, it seeks to nurture outstanding individuals as they pursue NIIT University’s MBA programs, by facilitating their studies through a financial assistance package.
** Since only a limited number of admissions will be made to the MBA programs in 2015, NU will endeavor to grant the scholarship to all candidates who successfully qualify for admission. Every applicant for the MBA program will be assumed to be an applicant for the NUGPS also.
** Each awardee is granted financial assistance of Rs 2,25,000/- per year for two years – total Rs 4,50,000/- — credited directly to the University and adjusted against University fees and charges, subject to minimal conditions listed below.
** The scholarship will be granted for a maximum period of 2 years, and towards the MBA degree only. Any student who elongates his academic program beyond 2 years for whatever reason, or simultaneously pursues another qualification, will not be eligible for the scholarship from the trimester/semester immediately following such an event.
** The scholarship awardee is required to maintain a CGPA of 5.00 (base 10) – the University’s minimum requirement for graduation – at all times during the 2-year period. In the event of failing to meet this criterion at the end of any trimester/semester, the student will be granted one more term (trimester/semester as the case may be) to correct the aberration, failing which the scholarship will be withdrawn from the following term. In other words, two consecutive terms with CGPA below minimum requirement will lead to the scholarship being withdrawn.
** Any student with disciplinary proceedings – ie, whose discipline and conduct has been pronounced as inappropriate by the Disciplinary Committee of NU – will be debarred from the scholarship from the following term.
** A student must remain in good financial standing – ie, without outstanding dues to the University or any of its agencies – in order to continue to avail the scholarship.
** Every scholarship awardee may be given additional work on-campus by the University or the partnering industry upto 5 hours per week, during academic terms.
** The terms and conditions of the NUGPS scheme do not in any way modify or override the Academic, Disciplinary and Financial Regulations required to be followed by students in order to continue as students of the University. In other words, NUGPS scholarships are expected to adhere to all rules and regulations of the University.
** The NUGPS scheme does not specify any condition regarding the student’s post-MBA employment or career.
** The NUGPS awardee will opt for a payment plan for the balance amount of fees/charges – such as annual, trimester-based, etc. The NUGPS scholarship amount will be disbursed to NU as agreed between and NU and sponsors. No requests for changes in the student’s payment plan (advancing/delaying) or for disbursement of scholarship directly to the student in cash/kind/on-behalf payments, will be entertained.
** Selection of candidates for the NUGPS award, as also selection of candidates for the MBA program, are at the sole discretion of NIIT University.
** NIIT University is not obliged to disclose names of partnering industries.
** NIIT University reserves the right to alter these Terms and Condition in exceptional circumstances.