Scholarship FAQ's
1. What different types of scholarships are available?
- There are 2 kinds of scholarships i.e. Need based & Merit based:
- Need-based scholarship is awarded based on your or your parents’ financial background. Need-based scholarships are designed to help less-fortunate students pursue their academic dreams
- Merit-based scholarships are typically the ones that come to mind when you think of a scholarship. In order to qualify for a merit scholarship, you must demonstrate excellence in a specific area of study
2. How do I qualify for merit-based scholarships?
- 90% aggregate and above in CBSE / ICSE / State Board of Class XII, 2018
- Annual income of the entire family (including parent or guardian) should not be more than Rs. 3.00 Lakh per annum from all sources
3. How do I qualify for need-based scholarships?
- 75% aggregate and above in CBSE / ICSE / State Board of Class XII, 2018
- Annual income of the entire family (including parent or guardian) should not be more than Rs. 2.00 Lakh per annum from all sources
4. What is the deadline for applying for the scholarship?
- The duly completed Scholarship Application Form should be submitted before the last date i.e. 31st August 2018
5. Can I apply for a scholarship before being accepted into a university?
Yes
6. How do I know if I am eligible to apply?
- 90% aggregate (75% for need based scholarship) and above in CBSE / ICSE / State Board of Class XII, 2018
- Annual income of the entire family (including parent or guardian) should not be more than Rs. 3.00 Lakh (Rs. 2.00 Lakh for need based) per annum from all sources
- Priority will be given to children of Vestige distributors who have been active for at least 2 years. Active distributors mean they have purchased/earned continuously for 24 months without break
- Differently abled students shall be given preference in need based scholarship
- Over and above the number of scholarships under this category, the children undergoing Professional Courses, where financial assistance is already provided from VHHF shall also be eligible for scholarship
7. What documents should I submit with my scholarship application form?
- Scanned copy of Mark sheet of 10th and 12th CBSE or ICSE boards
- Scanned copy of Physically Challenged Medical Certificate, if applicable
- Scanned copy of Awards/other certificates
8. What is the amount of the scholarship that will be given?
- The scholarship amount shall not exceed Rs. 2 lakh per student per year. Refer to detailed terms and conditions
9. What all expenses will be included in the scholarship?
- Scholarship shall be considered for the aggregate cost of registration for professional course, course material, mess fee and hostel fee and shall not exceed the maximum amount of scholarship. No personal expenses shall be considered for scholarship.
10. What are the number of scholarships that will be given?
- Scholarship seats are minimum 2 per year.
11. Who will be given preferences?
- Priority will be given to children of Vestige distributors who have been active for at least 2 years. Active distributors mean they have purchased/earned continuously for 24 months without break
- Differently abled students shall be given preference in need based scholarship
12. How to apply?
- Fill application form in prescribed Form 1 completely.
- Academic record –Self attested copies of relevant certificates or mark sheets for the qualifying examination. Present original for verification
- Proof of family along with Aadhar card, PAN, utilities bill, etc.
- Proof of annual income - Proof of income shall include acknowledgement of income tax or income certificate from revenue official or Gazetted Officer or public representative in form 2.
*Recommendations: Please keep the following documents ready as well in case you are elected for the scholarships:
- Keep the additional forms: Proof of annual income (form 2); Proof of joining a professional course (form 3); provide all relevant details along with form 4 and affidavit (form 5).
13. Further questions?
For further questions please write to us at heart2heart@myvestige.com
Or call at 011-43101268.