Note 1: Students availing this scholarship are not eligible to claim benefit of any other scholarship scheme of the Centre/ State Govt. for the same study. Note 2: The duration of the course varies as per the course selected by the candidate. The scholarship, once awarded, will continue till the completion of the course, subject to satisfactory performance as certified by the Institute.
The total family income of the student to be eligible for this scholarship from all sources should not exceed Rs.6.0 lakh per annum. The family income shall be computed in the following manner: - i. In case where both father and mother are working, the combined income of both of them from all sources shall be taken into account in computing total family income.
ii. In case any other member of the family, other than father and mother is an earning member, his or her income shall not be included in computing total family income.
iii. In case only one parent is alive, the income of that parent shall be taken into account for considering total parental income. If other sibling or family member is an earning member, their income shall not be included in computing total family income.
iv. In the case of an orphan, supported by a guardian, income criteria shall not apply.
v. In case of married candidates, the spousal income will also be added to compute total family income.
Note 1: Definition of Income - Income means gross income including income from all sources e.g. Salary, Interest Income, Income from House property, Income from Business, Agricultural income, and Income from any other Sources etc. It is clarified that Income for the purpose of scholarship is not the taxable Income as defined in Income Tax Act. The deductions and exemption available in the Income Tax Act u/s 10, Section 80 or any other section will not be available in computing gross Income under the scheme.
Note 2: Income certificate is required to be taken once only i.e. at the time of admission to courses which are continuing for more than one year. Income certificate should be for the financial year immediately preceding the selection year. For example, for the selection year 2022-23, income certificate for the financial year 2021-22(Assessment year 2022-23) is admissible. In case of salaried employees Form-16 is accepted. In case of income from other sources, income certificate issued by the designated authority of the respective State/UT is accepted.
The selected student will be eligible for financial assistance as stipulated in the following table, subject to fulfilment of conditions laid down in scheme:
