Indian Oil: 2600 Academic Scholarships
INTRODUCTION
IndianOil offers 2600 Scholarships for Students of 10+/ITI, Engineering, MBBS & MBA Courses on merit cum means basis.
1. "IndianOil Merit Scholarships Scheme" for 10+/ITI studies
2000 Scholarships are being offered for 10+/ITI studies. The distribution of scholarships may be State-wise based on "Number of students appeared for 10th Standard during 2010-11?.
2. "IndianOil Scholarships Scheme" for Graduate and Post-Graduate students
600 scholarships are being offered for professional courses (Engineering-300 nos., MBBS-200 Nos. & MBA-100 Nos.). The distribution of scholarships may be Zone-wise (as shown in the table below) based on "Number of students appeared for 12th Standard during 2010-11 and will be equitably distributed in the four zones given below. For MBA course marks obtained in graduate course will be considered.
Zones for Professional Courses :
North : Delhi, Punjab, Uttar Pradesh, Rajasthan, Uttarakhand, Haryana, Himachal Pradesh & UT of Chandigarh, J&K
East : Bihar, Jharkhand, Orissa, West Bengal, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Andaman & Nicobar Islands.
West : Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Goa, UT of Dadra & Nagar Haveli, Daman & Diu
South : Tamil Nadu, Karnataka, Kerala, Andhra Pradesh, Pondicherry, Lakshadweep, Minicoy & Aminidivi Islands
COURSE AND ELIGIBILITY
ELIGIBILITY:
Students pursuing full time/regular courses in these streams & studying in Schools/Colleges/Institutions/Universities recognized by MCI/AICTE/State Education Boards/ State Govt. / ICSC/CBSE/Central Govt./Association of Indian universities, shall be eligible to apply. The student should have bonafide admission in the 1st year of School/College/Institute/University in the academic year 2011-12. Students of two year full time post graduate courses in Business Administration/Management recognized by Central/State Govt./Association of Indian universities and which are equivalent to MBA, are eligible for management stream scholarship. Students having confirmed admission in the first year of full time engineering degree course, MBBS, MBA and also 11th standard as well as those in the 1st year of 2 year ITI course are eligible to apply. In case of graduates, the average percentage of marks of all the academic years shall be treated as marks obtained by the candidate. Similarly in case of 10th/12th, if percentage of marks obtained is not mentioned by Board/University, percentage of marks obtained shall be calculated on total aggregate marks. Minimum eligibility percentage of marks for various categories will be as indicated above.
Gross Joint income of the family of the candidate from all sources (during financial year 2010-11) should not exceed Rs. 1,00,000/- (Rupees One Lakh only). Income certificate should be issued by Competent Revenue Authorities only. The marks obtained in the qualifying examination making the students eligible to seek admission in the respective first year of these courses will be considered for selection. Normalization of marks of applicant shall be done for Engineering, MBBS & MBA streams to bring parity of marking system within different Boards/ Universities/Institutions. Criterion for selection will be merit and familys income. Wards of the employees of IOCL, its Joint Venture and Subsidiary companies and ACE Consultants are not eligible to apply.
AGE LIMIT: Minimum 15 years and maximum 30 years as on 25.7.2011. Persons born between 25.7.81 and 25.7.96 (both days inclusive) are eligible to apply.
CAREER PROSPECTS
RESERVATION & RELAXATION:
Relaxation in the upper age limit is 3 years for OBC candidates, 5 years for SC/ST candidates and 10 years for physically challenged/physically handicapped candidates. 50% of the scholarships are reserved for SC/ST & OBC candidates. In each stream/ category, 25% of scholarships are reserved for girl students and 10% for physically challenged/physically handicapped students (minimum 40% disability as per definition under Disabilities Act 1952). Only those listed in the Central Govts OBC list will be considered against OBC quota. OBC candidates of state list and not covered by Central Govts OBC list may apply against general quota.
APPLICATION: Candidates studying in 11th standard, 1st year of a 2 year ITI course, 1st year of Engineering degree, MBBS and MBA in the academic year 2011-12 are to apply through Online Application Form only by logging on to http://applicationnew.com/ioclscholar2011. Once the online application is submitted by an applicant, the system will generate a unique Registration Number which the applicants should note down for future reference/correspondence. The applicants should take out a print-out of the submitted online application and send hard copy of his application form duly signed along with their Caste/Date of Birth/Mark Sheet/familys Income Certificate etc., duly authenticated/attested by appropriate competent authority/civil authority urgently for verification of documents. Applicants should provide information in the prescribed forms (click here to download the forms) which should be attached with the hard copy of application form, as stated above. However, in case the marks, income or any other information; declared at the time of initial application; is found incorrect during scrutiny; the candidature of such candidates shall be summarily rejected. Decision of IndianOil regarding Scholars selection shall be final and no correspondence on the selection process shall be entertained.
Once awarded, the scholarships will be disbursed @ Rs. 3,000/- per month for 4 years in case of Engineering & MBBS and 2 years for MBA courses and @ Rs 1,000 /- per month for duration of 2 years in case of 10+2 and ITI course. Duration of each course in no case is less than the duration of the scholarship. The scholarship will be suspended, if the scholar is not promoted to the next academic year. In case, the scholar is not promoted for the second time (in succession for 2 years during the entire course), the scholar will be taken off from the list of IOCL scholars and scholarship will be discontinued permanently.
The performance of the scholar must be satisfactory during the entire duration of the course. The performance is to be certified by the Head /Principal/Dean/Director of the School/College/ Institute /University The top one scholar each from final year of Engineering, Medicine & Management (who top their respective university exam) and top 10 scholars amongst final year of ITI & 12th (who are able to achieve position amongst top ten in their respective Board) will be awarded bonus prize of Rs 10,000/- (Rupees Ten Thousand only) each and invited to the annual day function of IndianOil Institute of Petroleum Management, Gurgaon, to receive the prize. The travel, board & lodge expenses will be borne by IOCL.
PAY PACKAGE
A scholarship holder under this scheme will not hold any other scholarship/stipend from any other source. If awarded any other scholarship/stipend, the student can exercise his/her option for choosing the scholarship that he/she proposes to avail and inform awarding authority about the same. In case, the scholar opts for any other scholarship, he/she will have to refund the scholarship amount for the duration during which he/she is in receipt of the IOCL scholarship. The payment of Scholarship amount will be sent six monthly through head of the respective School/College/Institute/University of the selected scholar. But, however, the payment of first two six monthly installments will be sent together to reach head of the respective School/College/Institute/University. There will be no obligation on part of IOCL to provide employment/vocational/summer training to any of the scholars, at any time/stage. IOCL reserves the right to reject any application as well as discontinue the scholarship at any time without giving any notice/ assigning any reason.
GENERAL INSTRUCTIONS:
The above referred website will be kept open to receive online applications from 25.07.2011 to 15.09.2011. Applicants are advised to keep on checking their personal e Mail id regularly for instructions specific for them only. Court of jurisdiction for any dispute will be at Delhi.
LAST DATE:
Last date of applying online is 15.09.11 and hard copy of the online application (print out) duly signed along with required documents, as stated above, must reach to the Administrator of the scheme: ACE Consultants, Post Box No. 9248, Krishna Nagar Head Post Office, Delhi-110051 by 15.10.2011 and thereafter no hard copy of application / documents/ correspondence will be entertained/accepted. IOCL will not be responsible for any postal delay or loss in transit of the applications or whatsoever reason.