Scholarships

MYSY (Mukhyamantri Yuva Swalamban Yojana)

  • Eligibility: Student must have secured 80 or more Percentile in 12th Science and family income must be less than Rs. 6 lakh/annum.
  • Amount of Scholarship: Rs. 50,000/- or 50% of tuition fees whichever is less.

Scholarship for SEBC/OBC Category

  • Eligibility: Student must belong to OBC category and family income must be less than Rs. 2,50,000/annum.
  • Amount of Scholarship: Rs. 50,000/- or 50% of tuition fees whichever is less.

Tuition Fee Waiver Scheme (TFWS)

  • Under TFW scheme, students do not have to pay tuition fee (Rs. 60,000 to Rs. 1,00,000 approx) in SFI.
  • 5% of total seats shall be filled by TFW scheme, e.g. 60 seats then 3 seats shall be filled by TFWS.
  • Students whose parent's income is less than Rs. 6 lakh/annum are eligible for TFWS.
  • Admission is strictly on merit number through admission committee.
  • TFW scheme shall be applicable for complete duration of the course(4 Years).
  • To get the benefits of TFW Scheme, the candidate has to submit the income certificate issued after 31st March from either 'Mamlatdar' or ''Taluka Development Officer (TDO)' or 'Collector(Jan Seva Kendra)' at the time of application form filling(registration for admission).
  • No other document shall be considered valid(e.g. Income tax return, Certificate issued by 'Sarpanch').

Education Loan

Students can avail the Loan facility from any public sector or private sector banks.

Different banks have different norms & policies but in general:

  • Maximum loan amount can be 15 Lakh Rs.
  • No Guarantee or collateral security required for loan upto 5 lakh Rs.
  • Repayments will start after 1 year of course completion or 6 months of a job (whichever is earlier).
  • Avail of tax rebates for the interest on an education loan under Section 80-E of the Income Tax-Act 1961.
  • The student loan will be disbursed in full or in suitable installments taking into account the requirement of funds and/or fee schedule assessed by the Bank directly to the educational institution.