The J.N. Tata Endowment for the higher education of Indians, is a trust patronized by Tata Sons which has recently opened the awaited scholarship application form for the higher studies in abroad. The trust has been providing the financial aid since 1892 and so far has supported more than 5,000 students.
Loan scholarship process
The J. N. Tata Endowment awards a one-time loan scholarship only at the beginning of the course to Indian nationals for full time Postgraduate/Ph.D./Postdoctoral studies, in all fields, irrespective of caste, creed, gender or community. The amount to be awarded to each scholar by way of the loan scholarship is determined on the basis of the norms laid down for the purpose, and doesn’t cover entire cost of the studies.
The amount provided to students ranges between 1, 50,000 to 6,00,000/-. The selected scholars may also recommend for a gift scholarship and travel assistance from the Trusts as may be decided at the sole discretion of the Trustees of the concerned Trusts. A gift scholarship can be for a maximum amount of Rs.10,00,000/- and the travel grant can be a maximum of Rs.50,000/.
Applicants should be Indian nationals who are graduates of a recognised Indian University, with a consistently good academic record and other achievements to their credit. Students in the final year of the degree course and those awaiting results are eligible to apply. Candidates may apply even if they do not have the admission/offer letters, at the time of making the application, from the Universities to which they have applied for the academic year 2017-2018. Candidates may, therefore, update their application status with the Endowment once they secure admission. Mid-career professionals up to the age of 45, with a good academic record and experience in their fields, specialisation or training may also apply. Scholars going abroad for seminars, conferences and undergraduate studies are not eligible for a J. N. Tata Endowment Loan Scholarship.
Selection for the Awards
It is a matter of pride to be called a JN Tata Scholar. Staying true to our founder JamsetjeeNusserwanjee’s vision of rewarding the brightest and the best, we follow a rigorous selection process. Candidates may note the following points.
Apart from consistent academic performance, we give importance to participation in both co-curricular and extra-curricular activities.
A good GRE/GMAT/TOEFL/IELTS score is extremely important for those applying overseas. If you have received a low GRE score, it may be advisable to improve upon it, to increase your chances of receiving the loan scholarship.
The statement of purpose carries considerable weight in the selection process. We have provided some guidance on our web site on how you can construct a good statement of purpose. Please ensure that your statement of purpose is written by you and free from plagiarism.
After the initial screening of applications, candidates who are found suitable will have to undergo an online test, the date and time of which will informed to them. Candidates shortlisted based on the online test will be called for the interview. Such candidates should mail scanned copies of the required documents before the time of the interview.
Candidates should note that to be shortlisted for an interview is no guarantee of receiving the loan scholarship. The interview carries a significant weightage in the selection process and is conducted at Mumbai by a Technical Committee from April 2017 onwards. Candidates should come prepared with knowledge of their subjects and suggested areas of interest, as they will be examined in depth and detail. The greatest weight will be given to depth of understanding of the chosen area of study and career path. There will be two interviewers, one of who is a subject-expert and the other is Director of the Endowment.
The final selection of scholars for the award of the loan scholarship is based on the following criteria:
- Performance at the interview
- Score at the online test
- Score based on academic results, GRE/GMAT/IELTS/TOFL scores, extra-curricular activities, research work, statement of purpose, and work experience.
All the Awards will be announced together by the first week of July 2017 by mail. The Trustees’ decision on the award of scholarships is final. Correspondence in this regard will not be entertained.
Formalities to be completed
The candidate and the guarantor (preferably a parent or a relative having the capacity to repay the loan) will have to visit the Administrative Office of the Endowment, by prior appointment, to complete the necessary formalities, after obtaining the visa, in case of students going overseas. They will be required to enter into a legal agreement with the Trustees and provide documentary evidence of the capacity of the guarantor to repay the loan.
Repayment of the loan begins from the time the scholar starts earning or by the end of the third year from the availment of the loan, whichever is earlier. The amount of repayment is 20% of the loan scholarship from the end of the third year to the end of the seventh year Repayment of the loan must be completed by the end of the seventh year from the date of availing of the loan.
- All applications have to be submitted online
- Office remains close on Saturdays, Sundays and Bank Holidays
There is no last date mentioned but candidates must submit the application atleast 45 days before the departure to overseas.
To apply visit http://www.jntataendowment.org/index