Institute-Wide Scholarships
The Institute of Business and Technology Amritsar offers several scholarships to support meritorious students from economically disadvantaged backgrounds. These scholarships aim to make quality education accessible to all deserving candidates.
One such scholarship is the MCM (Merit Cum Means) Scholarship, which rewards students who demonstrate exceptional academic performance combined with financial need. The scholarship covers up to 100% of tuition fees and provides additional monthly allowances for living expenses.
The Merit Excellence Scholarship is awarded annually based on rank in entrance examinations or board exams. Students scoring above a certain threshold are eligible for full scholarships covering tuition, hostel, and mess charges for the entire duration of their studies.
Additionally, the Institute provides partial scholarships to students who show promise but may not meet full eligibility criteria. These scholarships help bridge financial gaps and encourage academic excellence.
Donor/Alumni Scholarships
The institute has established partnerships with several donors and alumni who contribute to scholarship funds for deserving students. These scholarships are often named after prominent figures in the business world or notable alumni.
One of the most prestigious donor scholarships is the Shri Raman Singh Memorial Scholarship, funded by a generous alumnus. This scholarship supports students pursuing degrees in finance, marketing, and entrepreneurship. It includes full tuition coverage and a monthly stipend for personal expenses.
The Dr. Kavita Sharma Endowment Fund provides annual scholarships to female students excelling in business studies. The fund recognizes the importance of gender diversity in leadership roles and aims to empower young women through education.
The Rajesh Malhotra Foundation Scholarship supports students from rural areas or low-income families. It covers not only tuition fees but also travel expenses and other academic-related costs. This scholarship promotes inclusivity by ensuring that geography or economic background does not hinder educational opportunities.
Other notable donor scholarships include the Prakash Kumar Memorial Fund, which rewards students demonstrating exceptional leadership qualities, and the Arvind Jain Excellence Award, aimed at recognizing outstanding performance in technology-based business programs.
Government Scholarships
The institute also encourages students to apply for government-sponsored scholarships that can supplement their financial support. Several central and state-level schemes are available for eligible students.
The National Means-Cum-Merit Scholarship (NMM) is a centrally funded program offering financial assistance to students from SC, ST, OBC, and minority communities. It covers tuition fees, books, and a monthly allowance for living expenses.
State-level schemes such as the Punjab State Scholarship Scheme provide additional support to students from Punjab. These scholarships are particularly beneficial for local students who may otherwise struggle financially during their studies.
The Central Sector Scholarship (CSS) supports students with disabilities or those belonging to economically weaker sections. The scheme ensures that no student is denied access to education due to financial constraints.
Corporate Scholarships
Several multinational corporations and industry leaders have set up scholarship programs specifically for students at IBT. These partnerships reflect the strong relationship between the institute and corporate entities.
Microsoft's Student Scholarship Program offers funding to students excelling in technology-related fields. The program includes mentorship opportunities, internships, and networking events with Microsoft professionals.
The Google India Scholarship Initiative supports students from underrepresented groups pursuing computer science or related disciplines. Recipients gain access to exclusive training programs and career guidance from Google mentors.
Amazon's Future Engineer Program provides scholarships for students interested in technology careers. The program includes internships, technical workshops, and exposure to Amazon's innovative practices.
Application Process
The application process for scholarships at IBT is straightforward and designed to be accessible to all students. Students must submit their applications along with necessary documents such as academic transcripts, income certificates, and recommendation letters.
All scholarship applications are reviewed by a committee comprising faculty members, administrative staff, and alumni representatives. The selection process considers both merit and financial need, ensuring fairness and transparency.
Students are notified of their results via email and the institute's official portal. Successful applicants receive the scholarship amount in installments, typically aligned with academic terms or specific project milestones.