LOAN SCHOLARSHIP FOR STUDIES
INSTRUCTIONS FOR APPLICANTS
APPLICANTS ARE REQUESTED TO READ THESE INSTRUCTIONS CAREFULLY BEFORE FILLING UP THE APPLICATION FORM AND TO NOTE THAT IF THESE INSTRUCTIONS ARE NOT FOLLOWED OR IF FULL INFORMATION IS NOT GIVEN, THE APPLICATION FORM IS LIABLE TO BE REJECTED WITHOUT ANY PRIOR INTIMATION TO THE APPLICANT.
The R D Sethna Scholarship Fund grants only loan scholarships to students who are citizens of India, regardless of community, caste or creed.
Loan scholarships are granted to enable students to undertake scientific, technical, industrial or commercial studies in India and overseas on the condition that they are repayable with interest in terms of the agreement and other documents required to be entered into and executed by applicants and their male guarantors.
All Applications should be made on the prescribed Form, which can be obtained on request from the Trust office. No Forms will be sent to intending applicants by post, unless the request is accompanied by payment of Rs.50/- either by a Postal Order or by demand draft in favour of R D Sethna Scholarship Fund. Applicants must also send a self addressed Rs.10/- stamped envelope of size: 23 cm x 10 cm. Applicants must indicate whether the Form is required for studies in India or overseas.
Applications for loan scholarships are invited by the Trust from 1st April each year. The last date for receiving applications for overseas studies is 31 May and for local studies is 31st August each year. Only successful applicants will be informed of the grant, and no intimation will be given to unsuccessful applicants.
Only those applicants who have passed at least the Secondary School Certificate examination or other equivalent examination and who have secured not less than 50% of the total marks in the last examination given by them prior to the making of the applications are eligible to apply for a loan scholarship.
The person proposed as guarantor must be a male, and permanent resident in Mumbai having a monthly income of not less than Rs.10,000/- for applicants pursuing studies in India and Rs.15,000/- for applicants pursuing studies overseas.
Applicants must submit letters of recommendation from 2 recommenders who are permanent residents in Mumbai.