NIFT Means-Cum- Merit Financial Assistance Scheme : National Institute of Fashion Technology
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Organisation : National Institute of Fashion Technology
Scholarship Name : NIFT Means-Cum- Merit Financial Assistance Scheme
Applicable For : NIFT Students
Website : https://nift.ac.in/
Application Form : https://www.scholarships.net.in/uploads/12896-Form.pdf
MCM Financial Assistance Scheme:
To provide financial assistance to meritorious needy and deserving students belonging to the economically weaker sections.
Related : Pearl Academy Merit-Cum-Means Scholarship : www.scholarships.net.in/7111.html
Applicability of the Scheme:
1. The Means-cum-Merit Financial Assistance Scheme” will be applicable to all the regular students of NIFT fulfilling prescribed criteria. The benefits of this Scheme shall not extend to NRI/ NRI sponsored students.
2. The scheme will cover all eligible students provided their numbers are within 25% of the overall student strength of all the NIFT Centres as a collective.
Eligibility Criteria for application:
The students who fulfill the following criteria may apply for the financial assistance under this Scheme
1. Undergraduate and Postgraduate students of the regular programme of NIFT excluding those admitted under NRI/ NRI sponsored category.
2. The students fulfilling the criteria of parental income
3. All the eligible first year students may apply irrespective of their ranks and marks in the entrance exam
4. For the continuation of financial assistance to the students in 2nd, 3rd and 4th year of undergraduate level and 2nd year of postgraduate level, minimum average 6.00 SGPA in the last two consecutive semesters will be a necessary condition.
5. The student should not have failed in any semester in the previous years of study in NIFT and must have cleared all the subjects of the previous semesters. Provided, relaxation may be sought from the competent authority in case a student has repeated the semester due to health reason.
6. A post graduate student’s eligibility will only be on the satisfaction of the Screening Committee that if s/he is not able to provide collateral for availing the bank loan and his / her parental income falls within the prescribe income slabs.
7.. The student involved in any major or minor disciplinary violation, he/ she should not be eligible for subsidy during his/her remaining course at NIFT.
8. The students are required to apply for financial assistance under the scheme in a prescribed form given at Format A. Only those applications will be considered which are completed and supported by the prescribed mandatory as well as applicable documents.
9. Students will have to submit an undertaking with the application form to the effect that the scholarship may be withdrawn and penalty imposed if the documents submitted as income proof are found to be false after verification.
10. The students getting any other financial assistance / reimbursement towards expenditure on education from any other source viz Central / State Government / PSU / Trusts / private persons etc shall not be eligible to apply for the financialassistance. under this scheme.
11. If the number of students goes beyond 25% of the overall student strength of the NIFT Centres, the financial assistance will be given on the basis of prioritization of the students. In case of prioritization students whose parental income is the lowest, will get the priority.
Documents to be submitted with the Application Form for Financial Assistance:
The students should submit mandatory as well as applicable documents along with the application form.
These are as follows:
Mandatory Document:
i. One copy of passport size photograph with signature.
ii. Income declaration-affidavit (Format B) on non-judicial stamp paper of `10 (Rupees Ten) by each parent
iii. Proof of permanent residence.
iv. Photocopies of Passport and PAN card of parents / guardian and applicant
v. School leaving certificate for class X and XII (Proof of school fee, wherever possible).
vi. The copy of receipt of tuition fee paid for the current semester i.e. July –December
vii. Schedule (Format C – details of agricultural land and property, etc.) duly signed by parent with relevant revenue record.
viii. Bank statements for the last 12 months for all the accounts mentioned in Schedule (Format C).
Copy of Following Documents (If applicable):-
i. 3 year’s Income Tax returns copy/Form 16 for salaried / 16 A for business owners.
ii. Vehicle registration copy
iii. Tehsildar certificate of agriculture land alongwith certified revenue records such as khasra, khatouni.
iv. Documents related to others scholarship / sponsorship receipt
v. Document related to SC / ST / OBC / PHP certificate
Timeline:
1. Announcement of scheme and issue of application form Last week of July
2. Last date for submission of completed forms Last week of August
3. Scrutiny of forms : Meeting of Scrutiny Committee Within 2 weeks after last dates of submission of forms i.e. Second week of September.
4. Meeting of Screening Committee Within 1 weeks after completion of scrutiny of forms i.e. 3rd week of September.
5. Approval by the centre director Within 1 week of receiving recommendation from the scrutiny committee i.e. 4th week of September.
6. Reimbursement of the fee after adjusting financial assistance Within 1 week of approval by the centre director i.e. 1st week of October.
7. Appeal Within 2 weeks from the declaration of the final list of beneficiaries i.e. 2nd week of October.
8. Communicate decision and disbursal to any remaining eligible candidates Within 2 weeks of appeal i.e. 4th week of October.
9 Sending consolidated information to the Head Office in Form ‘D’ By 15th November.