Overview
This fund is being created to provide scholarships to deserving meritorious students with a constrained financial background. The fund is aiming to create an endowment of Rs. 2 Crore, which shall be invested as a Fixed Deposit and the interest generated shall be used to fund the scholarship.
Merit-Cum-Means (MCN) Scholarship
A large number of scholarships, fellowships and other financial assistance are available to the students at BITS Pilani.
BITS Pilani aims to provide a fair opportunity to students and offers scholarships to meritorious students who are facing financial hardship. Student availing the MCN scholarships are awarded to students from financially disadvantaged family backgrounds, and are performing well in their academics. The cut-off CGPA for each level is decided every year, however, approximate no. of students receiving the scholarships are as below:
| % of Students | Scholarship |
| 3% | 80% on Tuition Fee |
| 6% | 40% on Tuition Fee |
| 12% | 25% on Tuition Fee |
Fund Management and Implementation
Our goal is to create an endowment fund with a capital of Rs. 2 Crores, which shall be invested in a fixed deposit (at the best prevailing rates), and the interested generated from it shall be used to provide scholarships to the students meeting the criteria. At present, Merit-Cum-Means Scholarships are awarded to students whose annual family income from all sources is less than Rs. 8 Lakhs.
Profile and academic performance of each student awarded the scholarship by the BITS Scholarship Endowment Fund shall be available here.
Impact
The scholarships awarded would help make BITS an inclusive campus and prospective students would be well supported, especially those from disadvantaged background. Many recipients of the MCN in the past have been successful in various walks of life. Eventually, we hope all MCN scholarship recipients give back in some way to deserving sections of the society.
Beneficiaries
The scholarships are provided through dual criteria of Merit and Family Income. While merit is decided as per CGPA (exact CGPA is announced every semester), the family income criteria is set at Rs.8,00,000 (8 Lacs) per annum, from all sources.
So, all qualifying students would have a certain minimum CGPA and their annual family income shall not exceed Rs. 8 Lacs from all sources.
Contribution Amount
We welcome any amount of contribution, and we are thankful for your gracious support to the BITS students. All contributions to BITS Pilani are 100% exempt from Tax under Section 80G.
If you wish to set up scholarship on your / your loved one’s name, please contact Sachin Arya at sachin.arya@pilani.bits-pilani.ac.in or +91 9594205432 for assistance.
Please click on contribute now for your contributions to the BITS Scholarship Endowment Fund.
