Contents
- Overview of the PARAS Scholarship Programme
- Benefits of the PARAS Scholarship Programme
- The Objective of the PARAS Scholarship Programme :
- Highlights PARAS Scholarship
- What is the Paras Scholarship Program for Postgraduate Students ?
- Eligibility Criteria :
- What is the Paras Scholarship Program for PG Diploma Students ?
- Eligibility Criteria :
- What is the Paras Scholarship Program for Undergraduate Students ?
- Eligibility:
- Eligibility Criteria :
- Preferential Groups:
- COVID-19 Affected Students:
- Additional Criteria:
- Benefits of the PARAS Scholarship Programme
- Required Documents :
- Important Dates
- Reward Details
- Selection Process
- How to Apply Online PARAS Scholarship Programme 2024
- FAQs on PARAS Scholarship Programme 2024 :
- Selection
- General
- Share this:
PARAS Scholarship Programme 2024 by Tata AIA Life Insurance :- The PARAS Scholarship Programme is a corporate social responsibility (CSR) initiative of TATA AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students. The programme was launched in 2018 and has since benefited over 10,000 students.
The PARAS Scholarship Programme provides financial assistance to students pursuing undergraduate, postgraduate, and diploma courses in professional fields such as Commerce, Economics, Accounting and Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management and other related fields. The scholarship amount is up to ₹25,000 per year.
The eligibility criteria for the PARAS Scholarship Programme are as follows:
- The student must be an Indian citizen.
- The student must be enrolled in the first year of a full-time undergraduate, postgraduate, or PG diploma course in a recognized university or institution.
- The student must have secured at least 50% marks in their previous class/semester.
- The annual family income of applicants should not exceed ₹5 lakh from all sources.
Preference will be given to students from economically backward families, Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls. Preference will also be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.
The application process for the PARAS Scholarship Programme is online. Students can apply for the scholarship through the website which is the implementation partner for the programme. The deadline for applications is 15th December 2023.
For more information about the PARAS Scholarship Programme, please visit the website of Buddy4Study or the website of TATA AIA Life Insurance Company Limited.
Overview of the PARAS Scholarship Programme
The PARAS Scholarship Programme is a corporate social responsibility (CSR) initiative of TATA AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students. The programme was launched in 2018 and has since benefited over 10,000 students.
Eligibility
To be eligible for the PARAS Scholarship Programme, applicants must meet the following criteria:
- Be an Indian citizen
- Be enrolled in the first year of a full-time undergraduate, postgraduate, or PG diploma course in a recognized university or institution
- Have secured at least 50% marks in their previous class/semester
- Have an annual family income of ₹5 lakh or less from all sources
Scholarship Amount
The PARAS Scholarship Programme provides financial assistance of up to ₹25,000 per year.
Selection Process
The selection process for the PARAS Scholarship Programme is based on academic merit, financial need, and social background. Applications are reviewed by a panel of experts, and selected candidates are interviewed.
Application Process
The application process for the PARAS Scholarship Programme is online. Students can apply for the scholarship through the website of Buddy4Study, which is the implementation partner for the programme.
Important Dates
The application deadline for the PARAS Scholarship Programme is 15 December 2023.
Contact Information
For more information about the PARAS Scholarship Programme, please visit the website of Buddy4Study or the website of TATA AIA Life Insurance Company Limited.
Benefits of the PARAS Scholarship Programme
The PARAS Scholarship Programme provides a number of benefits to its recipients, including:
- Financial assistance to help cover the costs of education
- Access to mentorship and support services
- Networking opportunities with other scholarship recipients
- Recognition of academic achievement
Impact of the PARAS Scholarship Programme
The PARAS Scholarship Programme has had a significant impact on the lives of its recipients. Many scholarship recipients have gone on to graduate from top universities and secure employment in their chosen fields. The programme has also helped to reduce the dropout rate among students from economically disadvantaged backgrounds.
Conclusion
The PARAS Scholarship Programme is a valuable initiative that is helping to make a real difference in the lives of underprivileged students. The programme is helping to bridge the gap between educational opportunity and financial need, and is paving the way for a brighter future for many deserving students.
The Objective of the PARAS Scholarship Programme :
The primary objective of the PARAS Scholarship Programme is to provide financial assistance to meritorious and underprivileged students pursuing higher education in professional fields. This initiative aims to empower these individuals by alleviating their financial burdens and enabling them to continue their academic pursuits without the constraints of financial hardship.
The programme specifically targets students who:
- Demonstrate academic merit and the potential to succeed in their chosen fields
- Belong to economically disadvantaged families
- Are from underprivileged social groups, including Scheduled Castes (SC), Scheduled Tribes (ST), and Persons with Disabilities (PwD)
By providing financial aid and support services, the PARAS Scholarship Programme aims to:
- Enhance the accessibility of higher education for deserving students from diverse backgrounds
- Promote social inclusion and equity in educational opportunities
- Nurture the growth and development of future professionals in various fields
- Contribute to the advancement of society by fostering a well-educated and empowered generation
Through these Objectives, the PARAS Scholarship Programme seeks to make a positive impact on the lives of individuals and contribute to the overall progress of society.
Highlights PARAS Scholarship
Here are the highlights of the PARAS Scholarship Programme:
Funding
The PARAS Scholarship Programme provides financial assistance of up to ₹25,000 per year to support the education of meritorious and underprivileged students. This financial aid can be used to cover various educational expenses, such as tuition fees, accommodation costs, study materials, and transportation.
Eligibility
To be eligible for the PARAS Scholarship Programme, applicants must meet the following criteria:
- Be an Indian citizen
- Be enrolled in the first year of a full-time undergraduate, postgraduate, or PG diploma course in a recognized university or institution
- Have secured at least 50% marks in their previous class/semester
- Have an annual family income of ₹5 lakh or less from all sources
Preference
Preference will be given to students from economically backward families, Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls. Preference will also be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.
Selection
The selection process for the PARAS Scholarship Programme is based on academic merit, financial need, and social background. Applications are reviewed by a panel of experts, and selected candidates are interviewed.
Application
The application process for the PARAS Scholarship Programme is online. Students can apply for the scholarship through the website of Buddy4Study, which is the implementation partner for the programme.
Deadline
The application deadline for the PARAS Scholarship Programme is 15 December 2023.
Contact
For more information about the PARAS Scholarship Programme, please visit the website of Buddy4Study or the website of TATA AIA Life Insurance Company Limited.
Additional Benefits
In addition to financial assistance, the PARAS Scholarship Programme also provides a number of other benefits to its recipients, including:
- Access to mentorship and support services
- Networking opportunities with other scholarship recipients
- Recognition of academic achievement
- Opportunities for professional development and career guidance
Impact
The PARAS Scholarship Programme has had a significant impact on the lives of its recipients. Many scholarship recipients have gone on to graduate from top universities and secure employment in their chosen fields. The programme has also helped to reduce the dropout rate among students from economically disadvantaged backgrounds.
| Launched By | Tata AIA Life Insurance |
| Name of Scholarship | PARAS Scholarship |
| Objective | To financially support the students to cover their course fees |
| Benefits | Financial Assistance up to Rs. 25,000. |
| Eligibility Criteria | Students who are in 1st year of UG, PG or PG Diploma |
| Mode of Application | Online |
What is the Paras Scholarship Program for Postgraduate Students ?
The PARAS Scholarship Programme for Postgraduate Students is a corporate social responsibility (CSR) initiative of TATA AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students pursuing postgraduate studies in professional fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management and other related fields.
Eligibility:
-
- Be an Indian citizen.
- Be enrolled in the first-year of a full-time postgraduate course in a recognized university or institution.
- Have secured at least 50% marks in their previous class/semester.
-
- Annual family income of applicants should not exceed ₹5 lakh from all sources.
- Students from pan India are eligible to apply.
Amount of Scholarship:
Up to ₹25,000 per year.
Selection Process:
The selection process for the PARAS Scholarship Programme is based on academic merit, financial need, and social background. Applications are reviewed by a panel of experts, and selected candidates are interviewed.
Application Process:
The application process for the PARAS Scholarship Programme is online. Students can apply for the scholarship through the website of Buddy4Study, which is the implementation partner for the programme.
Important Dates:
The application deadline for the PARAS Scholarship Programme for Postgraduate Students is 15 December 2023.
Contact Information:
For more information about the PARAS Scholarship Programme, please visit the website of Buddy4Study or the website of TATA AIA Life Insurance Company Limited.
Additional Information:
- Preference will be given to students from economically backward families, Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls.
- Preference will also be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.
Eligibility Criteria :
The Eligibility Criteria for the PARAS Scholarship Programme for Postgraduate Students are as follows:
- Nationality: Indian citizen.
- Course: Enrolled in the first-year of a full-time postgraduate course in a recognized university or institution.
- Academic Merit: Have secured at least 50% marks in their previous class/semester.
- Financial Need: Annual family income of applicants should not exceed ₹5 lakh from all sources.
- Pan India Eligibility: Students from pan India are eligible to apply.
Additional Considerations:
- Priority Groups: Preference will be given to students from economically backward families, Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls.
- COVID-Affected Students: Preference will also be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.
Please Carefully Review the Eligibility Criteria to determine if you are Eligible for the PARAS Scholarship Programme for Postgraduate Students. If you meet all the criteria, you are encouraged to apply for the scholarship.
What is the Paras Scholarship Program for PG Diploma Students ?
The PARAS Scholarship Programme for PG Diploma Students is a corporate social responsibility (CSR) initiative of TATA AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students pursuing PG diploma courses in professional fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields.
Eligibility:
-
- Be an Indian citizen.
- Be enrolled in the first-year of a full-time PG diploma course in a recognized university or institution.
- Have secured at least 50% marks in their previous class/semester.
-
- Annual family income of applicants should not exceed ₹5 lakh from all sources.
- Students from pan India are eligible to apply.
Amount of Scholarship:
Up to ₹15,000 per year.
Selection Process:
The selection process for the PARAS Scholarship Programme is based on academic merit, financial need, and social background. Applications are reviewed by a panel of experts, and selected candidates are interviewed.
Application Process:
The application process for the PARAS Scholarship Programme is online. Students can apply for the scholarship through the website of Buddy4Study, which is the implementation partner for the programme.
Important Dates:
The application deadline for the PARAS Scholarship Programme for PG Diploma Students is 15th December 2023.
Contact Information:
For more information about the PARAS Scholarship Programme, please visit the website of Buddy4Study or the website of TATA AIA Life Insurance Company Limited.
Eligibility Criteria :
The Eligibility Criteria for the PARAS Scholarship Programme for PG Diploma Students are as follows:
General Eligibility:
- Nationality: Applicant must be an Indian citizen.
Academic Eligibility:
- Course Enrolment: Applicant must be enrolled in the first year of a full-time PG diploma course in a recognized university or institution.
- Academic Performance: Applicant must have secured at least 50% marks in their previous class/semester.
Financial Eligibility:
- Annual Family Income: Applicant’s annual family income should not exceed ₹5 lakh from all sources.
Additional Eligibility:
- Pan India Eligibility: Students from pan India are eligible to apply.
Preferential Groups:
- Economically Backward: Preference will be given to students from economically backward families.
- Scheduled Castes/Tribes (SC/ST): Preference will be given to students from Scheduled Castes (SC) and Scheduled Tribes (ST).
- Persons with Disabilities (PwD): Preference will be given to Persons with Disabilities (PwD).
- Gender Equality: Preference will be given to girls.
COVID-19 Affected Students:
- Loss of Earning Member: Preference will be given to COVID-affected students who have lost any of their earning members/parents since January 2020.
- Loss of Livelihood/Employment: Preference will be given to COVID-affected students whose earning family members have lost livelihood/employment during the pandemic.
Additional Criteria:
- Applicants must not be employed or receiving any other scholarship or financial assistance.
- The decision of the selection committee will be final and binding.
Note: The eligibility criteria are subject to change at the discretion of the programme organizers. Please refer to the latest guidelines for the most up-to-date information.
What is the Paras Scholarship Program for Undergraduate Students ?
The PARAS Scholarship Programme for Undergraduate Students is a corporate social responsibility (CSR) initiative of TATA AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students pursuing undergraduate courses in professional fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields.
Eligibility:
-
- Be an Indian citizen.
- Be enrolled in the first-year of a full-time undergraduate course in a recognized university or institution.
- Have secured at least 50% marks in their previous class/semester.
-
- Annual family income of applicants should not exceed ₹5 lakh from all sources.
- Students from pan India are eligible to apply.
Amount of Scholarship:
Up to ₹15,000 per year.
Selection Process:
The selection process for the PARAS Scholarship Programme is based on academic merit, financial need, and social background. Applications are reviewed by a panel of experts, and selected candidates are interviewed.
Application Process:
The application process for the PARAS Scholarship Programme is online. Students can apply for the scholarship through the website of Buddy4Study, which is the implementation partner for the programme.
Important Dates:
The application deadline for the PARAS Scholarship Programme for Undergraduate Students is 15 December 2023.
Contact Information:
For more information about the PARAS Scholarship Programme, please visit the website of Buddy4Study or the website of TATA AIA Life Insurance Company Limited.
Eligibility Criteria :
Here is a summary of the eligibility criteria for the PARAS Scholarship Programme for Undergraduate Students:
General Eligibility:
- Nationality: Applicant must be an Indian citizen.
Academic Eligibility:
- Course Enrolment: Applicant must be enrolled in the first year of a full-time undergraduate course in a recognized university or institution.
- Academic Performance: Applicant must have secured at least 50% marks in their previous class/semester.
Financial Eligibility:
- Annual Family Income: Applicant’s annual family income should not exceed ₹5 lakh from all sources.
Additional Eligibility:
- Pan India Eligibility: Students from pan India are eligible to apply.
Preferential Groups:
- Economically Backward: Preference will be given to students from economically backward families.
- Scheduled Castes/Tribes (SC/ST): Preference will be given to students from Scheduled Castes (SC) and Scheduled Tribes (ST).
- Persons with Disabilities (PwD): Preference will be given to Persons with Disabilities (PwD).
- Gender Equality: Preference will be given to girls.
COVID-19 Affected Students:
- Loss of Earning Member: Preference will be given to COVID-affected students who have lost any of their earning members/parents since January 2020.
- Loss of Livelihood/Employment: Preference will be given to COVID-affected students whose earning family members have lost livelihood/employment during the pandemic.
Additional Criteria:
- Applicants must not be employed or receiving any other scholarship or financial assistance.
- The decision of the selection committee will be final and binding.
Note: The Eligibility Criteria are subject to change at the discretion of the programme organizers. Please refer to the latest guidelines for the most up-to-date information.
Benefits of the PARAS Scholarship Programme
The PARAS Scholarship Programme offers a range of benefits to its recipients, including:
Financial Assistance: The scholarship provides financial assistance of up to ₹25,000 per year for undergraduate students, up to ₹15,000 per year for PG diploma students, and up to ₹25,000 per year for postgraduate students. This financial aid can help cover the costs of education, such as tuition fees, accommodation costs, study materials, and transportation.
Mentorship and Support Services: The programme provides recipients with access to mentorship and support services, including career counseling, academic guidance, and personal development workshops. This support can help students navigate the challenges of higher education and achieve their academic goals.
Networking Opportunities: Recipients have the opportunity to network with other scholarship recipients, alumni, and professionals from various fields. This networking can lead to valuable connections, internships, and job opportunities.
Recognition of Academic Achievement: The PARAS Scholarship Programme is a prestigious award that recognizes the academic achievement and potential of its recipients. This recognition can boost students’ confidence and open doors to future opportunities.
Professional Development and Career Guidance: The programme provides opportunities for professional development and career guidance, such as workshops on resume writing, interview skills, and career exploration. This guidance can help students prepare for their future careers and make informed decisions about their professional paths.
Impact on Academic Performance: Studies have shown that scholarships can have a positive impact on academic performance. Recipients of financial aid are more likely to graduate on time and with higher grades.
Reduced Dropout Rates: Scholarships can also help to reduce dropout rates among students from economically disadvantaged backgrounds. By alleviating financial burdens, scholarships can enable students to focus on their studies and stay in school.
Empowerment and Social Inclusion: The PARAS Scholarship Programme empowers individuals from diverse backgrounds to pursue higher education and achieve their full potential. This contributes to social inclusion and equity in educational opportunities.
Contribution to Societal Progress: By supporting the education and development of future professionals, the programme contributes to the advancement of society and the development of a skilled and knowledgeable workforce.
Overall, the PARAS Scholarship Programme provides a range of benefits that can significantly impact the lives of its recipients, helping them achieve their academic goals, develop their professional skills, and contribute to society in meaningful ways.
Required Documents :
- Passport-size photograph
- College admission proof
- Proof of identity
- Mark sheet of the last qualified examination
- Proof of address
- Proof of Family income
- Bank details of applicants
- Photocopy of Caste Certificate
Important Dates
The last date for registration under the PARAS Scholarship 2024 will be on 15th December 2023
Reward Details
The selected students will get at least Rs. 25,000 to fulfill their educational expenses.
Selection Process
The selection of students will be done on the basis of their eligibility criteria, document verification, Telephonic interview, and final Interview session.
How to Apply Online PARAS Scholarship Programme 2024
Here’s a step-by-step guide on how to apply for the PARAS Scholarship Programme 2023-24 online:
-
Eligibility Check: Ensure you meet the eligibility criteria for the PARAS Scholarship Programme. The eligibility criteria vary depending on the category of scholarship (undergraduate, postgraduate, or PG diploma).
-
Gather Required Documents: Collect the necessary documents, including your academic transcripts, mark sheets, certificates, proof of identity, proof of residence, and income certificate.
-
Create an Account: Visit the Buddy4Study website, the implementation partner for the PARAS Scholarship Programme. Create an account using your registered email address or mobile number.
-
Start Application: Once logged in, locate the ‘PARAS Scholarship Programme 2023-24’ section and click on the ‘Start Application’ button.
-
Complete Application Form: Fill out the online application form carefully, providing accurate and up-to-date information.
-
Upload Documents: Upload the required documents in the specified format and ensure they are legible and complete.
-
Accept Terms and Conditions: Read the terms and conditions thoroughly and accept them by clicking the checkbox.
-
Preview and Submit: Review the application preview to ensure all details are correct. Once satisfied, click on the ‘Submit’ button to finalize your application.
-
Retain Application Number: Keep a note of your application number for future reference.
FAQs on PARAS Scholarship Programme 2024 :
What is the application deadline for the PARAS Scholarship Programme?
The application deadline for the PARAS Scholarship Programme 2023-24 is 15 December 2023.
How do I apply for the PARAS Scholarship Programme?
You can apply for the PARAS Scholarship Programme online through the Buddy4Study website.
What documents do I need to submit with my application?
You will need to submit the following documents with your application:
- Academic transcripts
- Mark sheets
- Certificates
- Proof of identity
- Proof of residence
- Income certificate
Selection
What are the selection criteria for the PARAS Scholarship Programme?
The selection criteria for the PARAS Scholarship Programme are as follows:
- Academic merit
- Financial need
- Social background
How are scholarship recipients selected?
Applications are reviewed by a panel of experts, and selected candidates are interviewed.
Benefits
What is the amount of the PARAS Scholarship Programme?
The amount of the PARAS Scholarship Programme varies depending on the category of scholarship (undergraduate, postgraduate, or PG diploma).
- Undergraduate students: Up to ₹15,000 per year
- PG diploma students: Up to ₹25,000 per year
- Postgraduate students: Up to ₹25,000 per year
What other Benefits Does the PARAS Scholarship Programme offer?
In addition to financial assistance, the PARAS Scholarship Programme also offers a number of other benefits to its recipients, including:
- Mentorship and support services
- Networking opportunities
- Recognition of academic achievement
- Opportunities for professional development and career guidance
General
Who is eligible for the PARAS Scholarship Programme?
To be eligible for the PARAS Scholarship Programme, you must meet the following criteria:
- Be an Indian citizen
- Be enrolled in the first year of a full-time undergraduate, postgraduate, or PG diploma course in a recognized university or institution
- Have secured at least 50% marks in your previous class/semester
- Have an annual family income of ₹5 lakh or less from all sources
Where can I find more information about the PARAS Scholarship Programme?
You can find more information about the PARAS Scholarship Programme on the Buddy4Study website or the TATA AIA Life Insurance Company Limited website.
