Institute-Wide Scholarships
Iasscom Fortune Institute of Technology offers several merit-based and need-based scholarships to deserving students. These scholarships are awarded based on academic performance, financial background, and extracurricular achievements.
The MCM (Merit Cum Means) Scholarship is one of the most prestigious awards given to students who demonstrate exceptional academic excellence and leadership qualities. The scholarship covers up to 100% of tuition fees for the duration of the program.
For students from economically disadvantaged backgrounds, the Institute provides a Need-Based Scholarship that partially or fully waives hostel and mess charges. Applications for this scholarship are reviewed by a committee based on income certificates and family background.
Donor/Alumni Scholarships
The institute has established several donor and alumni-funded scholarships to support talented students from diverse backgrounds. These scholarships are often specific to certain departments or categories of students.
Some notable donor scholarships include:
- Dr. Ramesh Patel Memorial Scholarship: Awarded annually to students excelling in research and innovation. The scholarship provides INR 50,000 per month for three years.
- Prakash Foundation Scholarship: Supports students pursuing projects related to sustainable development and renewable energy. Amount: INR 75,000 per year.
- Sharma Family Educational Grant: Available for students from SC/ST communities with outstanding academic records. Provides INR 60,000 annually.
- Global Tech Initiative Award: For students interested in international exchange programs and global exposure. Covers up to 50% of travel expenses.
- Sunil Kumar Excellence Prize: Recognizes students with innovative ideas in robotics and automation. Amount: INR 80,000 per year.
Government and Corporate Scholarships
The institute actively encourages students to apply for external scholarships offered by government bodies and corporate organizations. These scholarships often provide significant financial assistance and additional benefits such as internships and mentorship opportunities.
Some relevant government scholarships include:
- Prime Minister's Scholarship Scheme: For students from economically weaker sections. Covers full tuition fees and provides a monthly stipend of INR 10,000.
- SC/ST Scholarship: Offers financial assistance to students belonging to Scheduled Castes and Scheduled Tribes. Amount: INR 20,000 per month.
- Minority Community Scholarship: Available for students from minority communities. Covers tuition fees and provides a living allowance of INR 15,000 per month.
Corporate scholarships are equally valuable and often come with additional perks such as internships, mentorship programs, and networking opportunities. Companies like Microsoft, Google, Amazon, Intel, and NVIDIA offer scholarships to students excelling in their fields of study.
Application Process
The application process for scholarships at Iasscom Fortune Institute of Technology involves several steps:
- Eligibility Check: Students must meet the minimum criteria set by each scholarship provider. This includes academic performance, financial background, and specific field of study.
- Document Submission: Applicants need to submit relevant documents such as income certificates, mark sheets, identity proofs, and recommendation letters.
- Online Application Portal: All applications are submitted through the institute's online portal. Students must create an account and fill out the required forms carefully.
- Selection Committee Review: A committee reviews all applications based on merit and need. Shortlisted candidates may be called for interviews or additional documentation.
- Award Notification: Successful applicants are notified via email and official communication channels. The awards are typically disbursed at the beginning of each semester.
The institute provides guidance and support throughout the application process, ensuring that students understand the requirements and deadlines for each scholarship opportunity.