Scholarships
New Era College of Management offers numerous scholarship opportunities to deserving students across various categories, ensuring that financial constraints do not hinder academic pursuits.
Institute-wide scholarships include the Merit Cum Means (MCM) Scholarship, awarded to top-performing students based on academic excellence and family income criteria. This scholarship covers up to 70% of tuition fees annually.
Alumni-based scholarships are available through generous contributions from past graduates. These include:
- Rajesh Kumar Foundation Scholarship
- Priya Sharma Educational Trust Award
- Anil Mehta Leadership Excellence Grant
- Sunita Patel Merit Fellowship
- Vikram Singh Entrepreneurship Prize
- Meera Desai Innovation Fund
- Dr. Ramesh Shah Memorial Scholarship
- Dr. Kamala Reddy Legacy Award
- Mr. Arjun Gupta Excellence in Management
- Ms. Neha Patel Merit Scholarship
External scholarships from government bodies such as the Ministry of Education, Department of Higher Education, and state-level initiatives are also accessible to eligible students. Additionally, corporate sponsors like TCS, Infosys, Wipro, Accenture, and Deloitte offer annual scholarships for outstanding students in business disciplines.
The application process for all scholarships involves submitting an online form along with supporting documents including academic transcripts, income certificates, and recommendation letters. Detailed guidelines are published on the college website and communicated during orientation sessions.
Institute-Wide Scholarships
Merit Cum Means (MCM) Scholarship:
- Awarded to students who rank in the top 10% of their class
- Family income should not exceed Rs 6 lakh annually
- Covers 70% of tuition fees for one year
- Annual review required for continuation
This scholarship is highly competitive and encourages students to maintain consistent academic performance throughout their studies.
Alumni-Based Scholarships
The Rajesh Kumar Foundation Scholarship supports students who demonstrate exceptional leadership qualities and community service involvement. The selection committee evaluates applications based on extracurricular achievements, personal essays, and references from faculty members.
The Priya Sharma Educational Trust Award targets students with a passion for finance and economics. Recipients are chosen based on academic excellence in relevant subjects and potential for contributing to the field of financial services.
The Anil Mehta Leadership Excellence Grant recognizes students who have shown remarkable leadership skills during their time at college. The award includes mentorship opportunities with industry professionals and funding for leadership development workshops.
The Sunita Patel Merit Fellowship supports students interested in human resource management and organizational behavior. Recipients are expected to engage in research projects related to HR practices and contribute to the college's knowledge base.
The Vikram Singh Entrepreneurship Prize encourages innovative thinking and business acumen among students. Winners receive funding for developing their entrepreneurial ideas, along with access to mentorship from successful entrepreneurs.
The Meera Desai Innovation Fund supports students working on projects that promote sustainable development or social impact. This scholarship emphasizes the role of business in addressing societal challenges.
Government Scholarships
Students can avail of scholarships under various government initiatives:
- Pradhan Mantri Kaushal Vikas Yojana (PMKVY): Provides financial assistance for skill development courses aligned with industry needs.
- National Scholarship Portal: Offers multiple scholarships based on caste, income, and academic performance.
- State-Level Scholarships: Various state governments provide scholarships for students studying in recognized institutions within their jurisdiction.
These scholarships are open to all eligible students regardless of their background or financial status. Detailed information about eligibility criteria and application procedures is available on the respective portals.
Corporate Sponsorships
Several multinational corporations sponsor scholarships for BBA students at New Era College of Management:
- Tata Consultancy Services (TCS): Offers annual scholarships to students excelling in analytics and business intelligence.
- Infosys: Supports students with a focus on innovation, creativity, and problem-solving abilities.
- Wipro: Provides funding for students interested in digital transformation and emerging technologies.
- Accenture: Recognizes outstanding academic performance and leadership potential through its scholarship program.
- Deloitte: Awards scholarships to students who show promise in consulting and strategic business development.
These corporate sponsors value the analytical skills and communication abilities that NECM graduates possess, making them ideal candidates for these prestigious awards.
Application Process
Applications for all scholarships must be submitted through the official college portal. The process involves:
- Registration on the scholarship portal
- Filling out the application form with personal and academic details
- Uploading required documents (transcripts, income certificates, recommendation letters)
- Writing a brief essay explaining why you deserve the scholarship
- Submitting the application before the deadline
The college provides a detailed checklist of requirements for each scholarship type. Applicants are advised to start early and ensure all documents are complete and accurate.
Scholarship Evaluation Criteria
Each scholarship has specific evaluation criteria:
- Academic Performance: Minimum CGPA requirement varies by scholarship
- Financial Need: Income level of the family determines eligibility
- Leadership Qualities: Involvement in extracurricular activities and community service
- Research Contributions: Published papers or research projects in relevant fields
The evaluation committee reviews each application carefully, considering all aspects of the candidate's profile to ensure fair selection.
Notification and Disbursement
Shortlisted candidates are notified via email and official letters. Successful applicants receive disbursement instructions detailing how funds will be credited to their accounts. The process is transparent and includes timelines for fund release.
Recipients of scholarships must maintain a minimum CGPA of 7.0 to continue receiving benefits. Failure to meet academic standards may result in revocation of the scholarship.