PARAS Scholarship Programme 2023-24, Eligibility, Amount, Apply Online, Last date

The Paras Scholarship 2023-24 programme, CSR initiated by Tata AIA Life Insurance Company Limited (Tata AIA), demonstrates the company’s commitment to supporting educational growth and academic success among meritorious and underprivileged students. The main objective of Paras Scholarship programme is to bridge the gap between financial constraints and academic goals through a one-time financial grant. It provides an enhanced educational opportunity for exceptionally gifted students and makes it easier for students to focus on their academic objectives by reducing financial stress. The value of the scholarship is determined by the course chosen by the candidate, which is a maximum of Rs.25,000.

TATA PARAS Scholarship Programme 2023-24

PARAS Scholarship 2023-24 has been presented under the CSR Initiative of Tata AIA Life Insurance Company Limited, which aims to support and encourage deserving students to achieve their academic goals. This initiative showcases the company’s approach to developing talent and promoting educational achievement. It provides necessary financial assistance and support to enable deserving students to continue their educational journey. Students enrolled in undergraduate, postgraduate, or PG diploma courses are eligible for the scholarship. Online applications for the PARAS Scholarship for the academic year 2023-24 are currently open and will continue til December 15, 2023.

Name of initiatives	PARAS Scholarship Programme
Offered by	Tata AIA Life Insurance Company Limited
Session	2023-24
Eligible Courses	UG, PG , PG Diploma
Scholarship Amount	Max. up to Rs.25,000
Last Date	15th December 2023
Online Application	Closed
Result	Out
Where to apply	buddy4study.com

Eligibility Criteria PARAS Scholarship Programme 2023-24

Applicants who wish to apply for the PARAS Scholarship must meet certain eligibility requirements. Applicants must have a solid academic background as well as be in need of financial assistance.

• Academic Conditions: To be eligible for the PARAS scholarship, the applicant must have achieved 50% academic excellence in the previous class/semester.
• income Requirement: There is an income criterion; the annual family income of the applicants should be less than Rs 5 lakh.
• Eligibility of the course: Apart from academic qualification and income limit, only certain courses are eligible, which are as follows
  • Post Graduate (PG): M.Com, M.Sc, M.A, etc. in Banking, Insurance, Management.
  • Post Graduate Diploma: Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management.
  • Under Graduate (UG): B.Com, BBA, B.Sc, B.A, and BBI in Commerce, Economics, Accounting & finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields.

Steps to Apply Online for PARAS Scholarship 2023-24

Applicants who wish to apply for the TATA PARAS Scholarship for the 2023-24 session must complete the following steps:

• New Registration
• Check Eligibility
• Fill Application form
• Upload documents
• Review and Submit the application

How to Apply or fill PARAS Scholarship Application Form?

Eligible candidates can apply for the PARAS scholarship through online mode only. Candidates must visit the official site or authorized websites to fill the application form. The step by step registration process is shown below.

• First of all, visit buddy4study.com and then select Apply Now.
• Login with your mobile number or email ID; new users complete the registration process and click on the Start Application.
• Before applying check your eligibility and then Continue.
• Next, provide your personal information, such as your name, mobile number, email address, date of birth, Aadhaar number, family income, parental status, number of siblings you have, etc.
• Enter the permanent address such as Address Line, Area number, State, District, Town/city/Village, Pin code, etc.
• Provide Education Details, such as present class, school details, and graduation students fill in their graduation information like Board, Stream, School Name, Passing Year, Total Marks, Marks Obtained, etc. Then save it.
• Upload necessary documents such as photo, student identity proof, family income, college admission letter, Aadhaar card (both sides), bank passbook, class 12/previous class mark sheet, proof of crisis, etc. Click on the Save and Continue button.
• Select Add Bank and provide bank details i.e. account number, account holder name, bank name, IFSC code, branch name, etc. then save.
• Provide additional information such as About Yourself then Save it.
• Click on the Preview button, accept self-declaration verify all the information then submit the application.

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Scholarship Amount & Benefit

The objective of the PARAS scholarship program is to provide financial help to deserving students; nevertheless, the scholarship has an impact that extends beyond financial aid. It helps students achieve their dreams and who need monetary support. The scholarship amount is determined by the course chosen by the students, and it covers tuition, living expenses, and other academic needs.

• Post Graduate students receive Rs 25,000 for one time.
• PG Diploma students get one-time Rs 15,000
• Undergraduate students receive Rs 15,000 for one-time.

Selection Process

The selection process for the Tata Paras Scholarship Program is a multi-stage process depending on the established criteria. These criteria consist of personal details, academic achievements, or an interview that evaluates which students are suitable for the scholarship. The candidates are shortlisted on the basis of clear and fair screening tests after being checked thoroughly. This is an important aspect of the final selection process.

The selection procedure includes following.

• First level selection on the basis of the mentioned eligibility criteria.
• Verification of documents submitted by the applicant.
• Telephonic interview
• Final selection by the scholarship provider.

Documents needed

We’ve listed some of the documents you’ll need while applying for the Scholarship.

• Proof of identity & address (Aadhar Card/DL/PAN card)
• Applicant’s passport photograph
• Saving bank account details
• Bonafide Certificate
• College admission proof (fee structure/Admission Letter)
• Disability certificate (if applicable)
• Family income certificate (income tax return)/Form 16/16A)
• Mark sheet of last examination
• Statement of purpose or essay
• Caste certificate

FAQs on PARAS Scholarship