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IndianOil Scholarships Scheme for Graduate and Post-Graduate Students

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IOCL Scholarships Scheme for Graduates & Post-Graduate Students :

More than 600 scholarships are being offered for professional courses ( Engineering – 300 Nos., MBBS – 200 Nos. and MBA – 100 Nos.) The distribution of scholarships may be Zone – wise based on “Number of students appeared for 12th Standard during 2011 – 12” and may be equitably distributed in the four zones viz.  North, South, East, West.

Eligibility :

Students pursuing full time / regular courses (not correspondence of distance mode) in these streams and studying in School / Colleges / Institutions / Universities recognized by MCI / AICTE / State Education Boards / State Govt. / ICSE / ISC /CBSE / Central Govt. / Association of Indian universities, shall be eligible l to apply. The student  should have bonafide admission in the 1st year of School / College / Institute / University in the academic year 2012 – 13. Students having confirmed admission in the first year of full time Engineering degree course (minimum 4  years ), MBBS (minimum 4 years), MBA ( minimum 2 years ) are eligible to apply. Student of two years full time / regular  courses (not correspondence or distance mode) 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. For 10+ / ITI stream ( minimum  2 years), students of XI standard as well as those in the 1st year of 2 years ITI course are eligible to apply.

Gross Joint income of the family of the candidate from all sources (during financial year 2011 -12) should not exceed Rs. 1,00,000/- (Rupees one Lakh only) per annum. However, preference will be given to the students whose family income (gross joint income from all sources in 2011 – 12) is Rs 60,000/- (Rs Sixty thousand only) or less. Income certificate should be issued by Competent Revenue Authorities only. Any Affidavit for Income Proof will not be accepted. The marks obtained in the qualifying examination making the student eligible to seek admission in the respective first year of these courses will be considered for selection. Normalization of marks for all courses shall be done by using percentile method so as to rationalize  the variation of marks provided by different Boards and Universities / Institutions. Criterion for selection will be merit and family’s income.

Age Limit :

Minimum 15 years and maximum 30 years as on 03.07.2012.

Application :

Candidates studying in the academic year 2012 – 13 are to apply through Online Application Form only by logging on to www.eonlineapply.com . This site will be kept open to receive online applications from 03.07.2012 to  30.09.2012.. Once the online application is submitted by an applicant, the system will generate a unique Registration  Number which the applications should note down or take a print out for future reference / correspondence till the Scholarships are awarded. After the last date of applying online i.e. 30.09.2012, a list of shortlisted candidates will be prepared and these candidates will be informed by post to submit certain documents/ forms like Caste / Date of Birth / Mark Sheet / family’s Income Certificate etc, duly authenticated / attested by appropriate competent authority / attested by appropriate competent authority / civil authority along with hard copy of application (print out of the application form already applied online) for verification and drawing up final merit list. However, in case the marks, income or any other information, declared in the online application; is found incorrect during scrutiny; the candidature of such candidates shall be summarily rejected. Decision of IOCL regarding Scholar’s 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 and MBBS and 2 years for MBA courses and Rs 1,000/- per month for duration of 2 years in case of 10+ / ITI course. Duration of each course in no case be less than the duration of the scholarship. The scholarship will be suspended, if the scholar is not promoted to the next academic year and the scholarship will be discontinued permanently if this happens for the second time, in succession or two times in the entire course of the study. The performance of the scholar must be satisfactory during the entire duration of the course. The performance of the student / scholar is to be certified by the Head / Principal /Dean / Director of the School / College / Institute / University. The top one scholar each from Engineering, MBBS, MBA, XII and ITI will be awarded bonus prize of Rs. 10,000/- each and invited to the annual day function of Indian Oil Institute of Petroleum  Management, Gurgaon, to receive the prize.

A scholarship holder under this scheme will not hold any other scholarship /  stipend / financial aid from any other source. If awarded any financial aid, the student can exercise his / her option for choosing the scholarship that he / she proposes to avail and inform awarding authority about the same with intimation to his school / college / institute / University. In case, the scholarship, he / she will have to refund the scholarship amount for the duration during which he / she is in receipt of the IOCL, scholarship. 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 :

(a) Last date of applying online is 30.09.2012 (b) Applicants will have to provide valid and active e–mail address and mobile number in their online application form and Applicants are advised to keep on checking their personal e–mail regularly for instructions specific for them from Administrator of the Scheme / LOCL. (c) Forms / documents, as and when required will have to be submitted to Administrator of the scheme; M/s ACE Consultants, Post Box No. 9248, Krishna Nagar Head Post office, Delhi – 110051. (d) Court of jurisdiction for any dispute will be at Delhi. For more details, Visit  www.eonlineapply.com  or www.iocl.com .

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