A new scholarship scheme has been introduced by Tata AIA Life Insurance for economically weaker section students to offer them financial assistance for their education. The PARAS Scholarship Programme 2024 will be considered a great initiative for the meritorious and needy students who are currently studying in 1st year of Graduation, post-graduation, or PG Diploma courses. Through the implementation of this scheme, many deserving candidates will get a chance to get a proper education.Â
The selected candidate will get a one-time financial assistance which will be used for their educational expenses like Tuition fees, stationary items, or other accommodation. Students who are interested in applying under the PARAS Scholarship Programme 2024 must read this article completely as here we will provide with you all the related information.
Overview of the PARAS Scholarship Programme
The PARAS Scholarship 2024 is created by Tata AIA Life Insurance for 1st year UG, PG or PG Diploma students who belong to economically weaker sections of society and cannot afford their educational expenses. The students who got selected under the PARAS Scholarship will get financial assistance of Rs. 25,000 as a one-time assistance. The scholarship amount will depend on the course the candidate is enrolled in. The last date for registration under the PARAS Scholarship 2023 will be on 15th December 2023, so candidates must fill in the application form to avoid any errors.
- The selection of students will be done based on their eligibility criteria, document verification, TElephonic interview, and final interview session. Students must be enrolled in professional courses like Commerce, Economics, Accounting and Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other subjects.
Also Read: Kotak Life Insurance Scholarship
The objective of the PARAS Scholarship Programme
The main aim of the PARAS Scholarship is to offer financial assistance to those deserving and talented students who belong to economically weaker sections of society and cannot afford their educational expenses. After the implementation of the Paras Scholarship students will be able to complete their studies and establish a good future for themselves. The students will be able to get a good job to fulfill their living or educational expenses.
Key Highlights PARAS Scholarship
| 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 |
| Official Website | https://www.buddy4study.com/page/paras-scholarship-programme?ref=FeaturedRightBlock |
What is the Paras Scholarship Program for Postgraduate Students?
The Paras Scholarship Program is introduced for Postgraduate Students who belong to the economically weaker section of society and want to complete their education but due to financial crises cannot complete it. The selected students will get at least Rs. 25,000 to fulfill their educational expenses. The candidates must be studying professional courses like: M.Com., M.Sc., M.A., etc. in Commerce, Economics, Accounting and Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other courses. If any candidate’s family member works under the Tata AIA Limited then they are not eligible for the Paras Scholarship Program for Postgraduate Students.
Also Read: LIC HFL Vidyadhan Scholarship
Eligibility Criteria
- Students must be studying in Postgraduate courses like:M.Com., M.Sc., M.A., etc. in Commerce, Economics, Accounting and Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other courses.
- The annual family income of the candidate should not be more than Rs. 5 lakh per annum.
- Students must score at least 50% marks in their previous examination or in the previous semester.
- Students must be a part of PAN India.
What is the Paras Scholarship Program for PG Diploma Students?
The Paras Scholarship Program is introduced for the PG Diploma Students who belong to the economically weaker section of society and want to complete their education but due to financial crises cannot complete it. The selected students will get at least Rs. 25,000 to fulfill their educational expenses. The candidates must be studying PG in Diploma. If any candidate’s family member works under the Tata AIA Limited then they are not eligible for the Paras Scholarship Program for PG Diploma Students.
Eligibility Criteria
- Students must be studying in PG Diploma courses like Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other courses.
- The annual family income of the candidate should not be more than Rs. 5 lakh per annum.
- Students must score at least 50% marks in their previous examination or in the previous semester.
- Students must be a part of PAN India.
What is the Paras Scholarship Program for Undergraduate Students?
The Paras Scholarship Program is introduced for Undergraduate Students who belong to the economically weaker section of society and want to complete their education but due to financial crises cannot complete it. The selected students will get at least Rs. 25,000 to fulfill their educational expenses. The candidates must be studying professional courses like: B.Com., B.Sc., B.A., etc. in Commerce, Economics, Accounting and Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other courses. If any candidate’s family member works under the Tata AIA Limited then they are not eligible for the Paras Scholarship Program for Undergraduate Students.
Eligibility Criteria
- Students must be studying in Undergraduate courses like:B.Com., B.Sc., B.A., etc. in Commerce, Economics, Accounting and Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other courses.
- The annual family income of the candidate should not be more than Rs. 5 lakh per annum.
- Students must score at least 50% marks in their previous examination or in the previous semester.
- Students must be a part of PAN India.
Also Read: LIC Golden Jubilee Scholarship
Benefits of the PARAS Scholarship Programme
- The PARAS Scholarship 2023 is created by Tata AIA Life Insurance for 1st year UG, PG or PG Diploma students who belong to economically weaker sections of society.
- The students who got selected under the PARAS Scholarship will get financial assistance of Rs. 25,000 as a one-time assistance.
- The scholarship amount will depend on the course the candidate is enrolled in.
- The selection of students will be done based on their eligibility criteria, document verification, TElephonic interview, and final interview session.
- After the implementation of the Paras Scholarship students will be able to complete their studies and establish a good future for themselves.
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 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
- Candidates first need to visit https://www.buddy4study.com/page/paras-scholarship-programme?ref=FeaturedRightBlock.
- The homepage will appear on your screen. Here you need to click on the Register button.
- The application form will open, enter all the required details and attach your relevant documents.
- After that, re-check the application form. Click on the Submit button.
Contact Details
- Phone number: 011-430-92248 (Ext: 335) (Monday to Friday – 10:00 AM to 6PM)
- Email id: parasscholarship@buddy4study.com
FAQs
What is the selection process for applying under Paras Scholarship 2024?
The selection of students will be done on the basis of their eligibility criteria, document verification, Telephonic interview, and final interview session.
Who can apply under the Paras Scholarship 2024?
The annual family income of the candidate should not be more than Rs. 5 lakh per annum. Students must score at least 50% marks in their previous examination or in the previous semester.
Is this scholarship payable every month?
This Paras Scholarship is a one-time benefit for the candidates.