Scholarships at LBSITM: Supporting Student Excellence
LBSITM is committed to ensuring that financial constraints do not hinder academic excellence. The institute offers a comprehensive range of scholarships designed to support students from diverse backgrounds and circumstances.
Institute-Wide Scholarships
The institute provides several scholarships based on merit, need, and other criteria:
- MCM Scholarship: Named after the institute's founder, this scholarship is awarded to students demonstrating exceptional academic performance and leadership qualities. The award includes full tuition fee waiver along with a monthly stipend of Rs. 5,000 for three years.
- Merit-Based Merit Scholarship: This scholarship recognizes top performers in each semester. Students scoring above 90% in their final exams are eligible to receive a cash prize of Rs. 10,000 per semester.
- Need-Based Financial Aid: For students from economically disadvantaged backgrounds, the institute provides need-based financial assistance covering partial or full tuition fees. Applications are reviewed based on family income and other relevant factors.
- Women Empowerment Scholarship: This initiative supports female students pursuing engineering degrees. The scholarship covers full tuition fees and provides additional support for research and internships in STEM fields.
These scholarships are highly competitive, with a rigorous selection process involving academic review, interviews, and documentation verification.
Alumni & Donor Scholarships
LBSITM has established strong ties with its alumni network and donors, who contribute significantly to student welfare through various scholarship programs:
- Dr. Ramesh Choudhary Memorial Scholarship: Named after a prominent alumnus, this scholarship supports students from rural backgrounds studying in science and engineering disciplines. It provides Rs. 20,000 annually for four years.
- Anil Mehta Excellence Award: This award is given to students excelling in research and innovation. The recipient receives a cash prize of Rs. 50,000 along with mentorship from industry experts.
- Priya Sharma Foundation Fellowship: Established by a distinguished alumnus, this fellowship supports students pursuing advanced degrees in renewable energy and sustainable technologies.
- Rajesh Khanna Innovation Grant: This grant funds student-led projects in emerging technologies such as IoT, AI, and robotics. Recipients receive up to Rs. 100,000 for project development and implementation.
- Nalini Reddy Research Fellowship: This fellowship is awarded to students conducting research in materials science and nanotechnology. It includes funding of Rs. 75,000 per year for two years.
These donor scholarships are highly coveted by students and often serve as catalysts for innovation and academic excellence.
Government & Corporate Scholarships
In addition to institute-specific awards, LBSITM students are encouraged to apply for external funding opportunities:
- PMKVY (Pradhan Mantri Kaushal Vikas Yojana): This government initiative provides financial support for skill development courses. Students enrolled in LBSITM can access this program to enhance their technical skills and career prospects.
- SC/ST Scholarship Scheme: Under this scheme, students from Scheduled Castes and Scheduled Tribes receive a stipend of Rs. 10,000 per month for three years of study.
- Women in STEM Initiative: Supported by the Ministry of Women and Child Development, this program offers scholarships to female students pursuing engineering degrees in science and technology fields.
- Google India Scholarship: Students from LBSITM are eligible to apply for Google's scholarship programs aimed at supporting underrepresented groups in computer science.
- Microsoft Research Fellowship: This fellowship supports students working on research projects in artificial intelligence, machine learning, and data science. Recipients receive funding of Rs. 150,000 over two years.
These external scholarships provide additional financial support to students, enabling them to focus on their studies without worrying about economic pressures.
Application Process
The application process for scholarships at LBSITM is straightforward:
- Eligibility Criteria: Each scholarship has specific eligibility requirements, including academic performance, financial status, and other relevant factors. Students must meet these criteria to be considered.
- Application Form: Interested students can download the application form from the institute's website or obtain it from the scholarship office.
- Document Submission: Applicants must submit supporting documents such as mark sheets, income certificates, and recommendation letters.
- Review Process: Applications are reviewed by a committee comprising faculty members and administrative staff. Selected candidates are notified via email or SMS.
- Award Distribution: Scholarships are distributed in installments, typically at the beginning of each semester, to ensure continuous financial support throughout the academic year.
The institute ensures transparency in the scholarship process by publishing all relevant information on its website and conducting regular awareness sessions for students about available opportunities.