The PARAS Scholarship Programme is a Corporate Social Responsibility (CSR) initiative of Tata AIA Life Insurance Company Limited (Tata AIA Life). The program aims to support the education of meritorious and underprivileged students from across India. Under this program, students pursuing undergraduate, postgraduate, or PG diploma courses in professional fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields are eligible to receive a one-time scholarship support of up to ₹25,000.
Eligibility Criteria
To be eligible for the PARAS Scholarship Programme 2023-24, students must meet the following criteria:
- Academic Merit: Have secured at least 50% marks in the previous class/semester.
- Financial Need: Annual family income of applicants should not exceed ₹5 lakh from all sources.
- Course of Study: Pursuing a full-time undergraduate, postgraduate, or PG diploma course in professional fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields at recognized institutions in India.
- Nationality: Be an Indian citizen.
Scholarship Amount
The PARAS Scholarship Programme offers a one-time scholarship support of up to ₹25,000 to selected students. The actual scholarship amount awarded to each student will be determined based on their academic merit, financial need, and other relevant factors.
Application Process
The application process for the PARAS Scholarship Programme 2023-24 is online. Interested students can apply through the Buddy4Study portal. The application process is usually open from September to October each year.
Required Documents
The following documents are required for the PARAS Scholarship Programme 2023-24 application:
- Mark sheets of previous class/semester
- Income certificate
- Caste certificate (if applicable)
- Domicile certificate
- Passport-sized photograph
- Copy of admission letter or enrollment certificate
Selection Process
The selection process for the PARAS Scholarship Programme 2023-24 is based on merit and financial need. Applications are reviewed by a panel of experts who consider the academic performance, financial background, and extracurricular activities of the applicants. Shortlisted candidates may be called for an interview.
Benefits of the PARAS Scholarship Programme
The PARAS Scholarship Programme provides several benefits to meritorious and underprivileged students, including:
- Financial assistance to support their education
- Recognition for their academic achievements
- Motivation to pursue higher education and successful careers
How to Apply
To apply for the PARAS Scholarship Programme 2023-24, follow these steps:
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Visit the Buddy4Study portal: https://www.buddy4study.com/scholarships/post-graduation
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Create an account or log in to your existing account.
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Click on the “PARAS Scholarship Programme” tab.
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Read the eligibility criteria and application guidelines carefully.
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Fill out the online application form.
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Upload the required documents.
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Submit the application form.
Important Dates
- Application opening date: September 2023
- Application closing date: October 2023
- Shortlist announcement date: November 2023
- Interview dates: December 2023
- Result declaration date: January 2024
Conclusion
The PARAS Scholarship Programme is a valuable initiative that empowers meritorious and underprivileged students to pursue higher education and achieve their academic goals. By providing financial assistance and recognition, the program plays a crucial role in reducing educational disparities and promoting social mobility in India.
Please note that the information provided in this article is for informational purposes only and should not be construed as legal advice. Please consult with a qualified professional for legal advice.
