Oil and Natural Gas Corporation Ltd. (ONGC) , 1947-1960- during pre-independence, the Assam Oil Company in the North-Eastern and Attock Oil company in North-Western part of undivided India were the only oil companies producing oil in the country. The major part of Indian sedimentary basins was deemed to be unfit for development of oil and gas resources.

• The scholarships are open for studies in India and for Indian nationals only.
• Candidate should be a student of 1st year of Graduate Engineering or MBBS courses or 1st year of Masters degree in Geology/Geophysics or MBA. The scholarship shall be admissible only for pursuing full time regular courses by AICTE/ MCl/UGC/Association of Indian Universities/State Education Boards/State Government/Central Government.
• Students pursuing four years Engineering/MBBS courses/Two years Masters course in Business Administration &Two years Masters Degree in Geology/ Geophysics are eligible.
• Candidate should have obtained minimum 60% marks in 12th class for Engineering and MBBS disciplines. Similarly 60% marks are necessary in graduation for P.G. Courses i.e. Geology/Geophysics/MBA. Overall Grade Point Average (OGPA/CGPA) of minimum 6.0 in 10 points scale of grading system.
• The specific zone where a student can apply for scholarship shall be decided on the basis of the location of University/College/Institute in which the student was studying for the qualifying examination (i.e. 12th class for Graduate courses and Graduation degree for Post Graduate courses) irrespective of the domicile of the student.
• Gross annual income of family of the candidate from all sources should not be more than F 4.50 lakhs per annum (i.e. F 37,500/- per month).
• The age limit of the applicant is maximum 30 years as on lstof October, 2016 for the Academic Session.