NIFTEM’s Own Scholarships to the Students Admitted in M.Tech. Courses in NIFTEM
The Board of Management in its 9th Meeting held on 20.03.2012 approved creation of a Scholarship Fund in NIFTEM by apportioning 5% of its Revenue Income for grant of following scholarships:
- Merit Scholarship
- Merit-cum-Means Scholarship
The Institute will Offer following types of Scholarship to its Students:
NIFTEM Merit Scholarship: The scholarship will be available to the first 3 students on merit in B.Tech. and one student on merit in each of the programs of M.Tech. Merit Scholarship would be paid during the period of the second semester. Thereafter toppers of the first year will be awarded scholarships for the next year and subsequent years accordingly only to the toppers of each year. It includes a tuition fee waiver and a fixed monthly stipend for ten months.
NIFTEM Merit-cum-Means Scholarship: Institute merit-cum-means scholarship is awarded to M.Tech. students of the institute strictly on merit-cum- means the basis for needy students having family annual income from all sources not exceeding Rs. 2,50,000/-. 5% of students will be considered for award of scholarship i.e. six students in M.Tech. (one each in all five streams). It includes a tuition fee waiver and a fixed monthly stipend for ten months.
Rules of Scholarship:
NIFTEM Merit Scholarship
Student must have completed without any break:
- Ist semester for IInd semester scholarship (for B.Tech and M.Tech).
- Ist and IInd semester, for the second year scholarship. (for B.Tech and M.Techstudents).
- IIIrd –IVth semester for the third year scholarship (for B.Tech students only).
- Vth-VIth semester, for the fourth year scholarship (for B.Tech students only).
The student scholarships have cleared all the courses of the concerned semester at the first available chance.
The student eligibility would be judged by combining the scores of both semesters taken for reckoning.
The student should not have been penalized or must not have been awarded any major disciplinary action by the institute disciplinary committee.
Students must fulfill other criteria of attendance etc. for appearing in the examination.
NIFTEM Merit-cum-Means Scholarship
Institute merit cum means scholarship is awarded to students in M.Tech. of the institute strictly on merit-cum means the basis and on the recommendations of the scholarship committee.
The student should satisfy merit and means criteria to be adopted by institute and approved by Board of Management.
The annual gross income of parent’s of student from all sources does not exceed Rs. 2,50,000/-.
Students are not considered for scholarship if they have passed their +2 examination from schools with annual tuition fee of more than Rs. 30,000.00 per annum.
Student must have passed all papers in first available chance.
All papers must have been cleared with a 60% score or B grade.
The student should not have been penalised or most not have been awarded any major disciplinary punishment by the institute disciplinary committee.
Calculation of Merit-cum-Means Scores
The merit cum means scores will be calculated by giving equal weight age to parental income and merit of student as follows:
|Weight age of parental income||50%|
|Weight age of merit of student||50%|
Parent`s income weight age will be calculated as under:
|Annual income below Rs. 1,00,000/-||100 marks|
|Rs. 1,00,000.00 – 1,50,000/-||95 marks|
|Rs. 1,50,000.00 – 2,00,000/-||90 marks|
|Rs. 2,00,000.00 – 2,50,000/-||85 marks|
Amount and Duration of Scholarship:
The awardees will derive following benefits from scholarship
Full tution fee waiver for both the semester.
A fixed monthly stipend of Rs. 1000/ for two semesters (August-December and January to May) totalling 10 months in a year. This is not applicable for those getting GATE fellowship.
The scholarship will be awarded for ten months of both the semesters in an academic year.