Apply for 15-Months Full-Time Executive PGDM (PGPX 2019-20)

Merit-cum-Means Scholarships

Merit-cum-Means Scholarship Scheme

FORE School of Management provides financial aid in the form of “Merit-cum-Means Scholarship” as per the details given below to the students in the First Year and the Second Year of the PGDM (FMG), PGDM-IB (IMG), and the PGDM-FM programmes of the Institute. 

1. The Scholarship:

  • The scholarship will be awarded to students who meet the “Merit” and the “Means” criteria as detailed hereinafter.
  • The scholarship support includes waiver of full or a part of the tuition fee.
  • The scholarship is awarded for one academic year subject to conditions.
  • The awarded scholarship amount will be adjusted against the tuition fee due or paid separately. Wherever needed, scholarship amount will be calculated on the pro-rated Term Tuition fee.

2. Eligibility:

  • All students, except those who have taken admission under the “Company-Sponsored Category” in the PGDM Programme viz. FMG, IMG, and FM,are eligible for the award of Merit-cum-Means Scholarship.
  • A student must have scored a minimum CGPA of 7.50 on 10.00 scale until the last grade point declaration by the Institute.
  • The student’s aggregate family income, including self, should be less than Rs.6.00 lakhs per annum.
  • The applicant must not have secured “D” and “F” Grade in any course.
  • To continue to receive the scholarship, the awarded student must maintain a minimum CGPA of 7.50 on a scale of 10.00 (with no “D” and “F” Grade) in all academic terms.
  • There must not be any proven case of indiscipline and misconduct against the student. In case of any such act of proven indiscipline and misconduct against a student who has already been awarded the scholarship, the scholarship so awarded will be discontinued immediately.

3. Category and Amount of Scholarship:

There will be three categories of scholarship based on combined income level of the students and their parents.

Category-I

If a student’s aggregate family income, including self, is less than Rs.1.80 lakhs per annum, then the scholarship award will be 100% tuition fee waiver.

Category-II

If the student’s aggregate family income, including self, is Rs.1.80 lakhs per annum or higher, but less than Rs.3.50 lakhs  per annum, then the selected student/s will be given a scholarship of 50% tuition fee waiver.

Category-III

If the student’s aggregate family income, including self, is Rs.3.50 lakhs per annum or higher, but less than Rs.6.00 lakhs per annum, then the selected student will be given a scholarship of 25% tuition fee waiver.

4. No. of Scholarships:

The maximum total number of scholarships that may be awarded in 1st year and the 2nd year for the PGDM, PGDM-IB, and PGDM-FM is indicated in the Table below:

Table-1: Maximum number of scholarship to be awarded *

 

 

Total

 

I Year

II Year

FMG

IMG

FM

FMG

IMG

FM

1

Category-I

1

1

2

2

Category-II

9

6

3

9

6

3

36

3

Category-III

6

4

2

6

4

2

24

5. Criteria for Award

The Scholarship Committee will consider the list of students, eligible and seeking scholarship, or any other Committee formed for recommending of scholarship award. The Scholarship Committee will prepare a list of eligible students in order of “Means”, and all such students will be called for a personal discussion before the Committee. Based on assessment made by the Committee, a final recommendation for the award of “Merit-cum-Means Scholarship” will be given by the Committee under all Categories-I, II, and III.

6. Process

  • An announcement will be made in Term-2 for interested 1st year students to apply for the First-Year scholarship, and in Term-5 for interested 2nd year students to apply for the Second-Year scholarship with the declaration that they are not receiving or likely to receive any scholarship/funding support from an Organization/institution other than FORE School of Management, New Delhi.
  • Shortlisted students will be called for a personal interview with the Scholarship Committee.
  • The scholarship award list will be released based on overall assessment made by the Scholarship Committee. 
  • The students finally selected for award of the scholarship will be given two options of claiming the scholarship amount as follows:

They can wait until the respective academic year’s last Term grades and CGPA is announced (Term-3 CGPA for I year and Term-6 CGPA for II year) and claim the entire scholarship amount if their CGPA is equal to or more than 7.50 (with no “D” and “F” Grade). This will be paid by the institute through online transfer in the name of the student, as a cash reward for good academic performance. It must be noted, however, that in case the scholarship awarded student’s CGPA falls below the minimum required level of 7.50 in any Term he/she will not get the scholarship for that Term calculated on a pro-rated basis. For example, if a I year scholarship awarded student gets a CGPA of less than 7.50 in Term-2 but equal to or more than 7.50 CGPA (with no “D” and “F” Grade) in Term-3, then she/he will not be entitled to Term-2 scholarship amount calculated on a pro-rated basis. In this case, it will be 1/3 of the total scholarship amount in the First Year.

OR

They can wait until the respective academic year’s last Term grades and CGPA is announced (Term-3 CGPA for 1st year and Term-6 CGPA for 2nd year) and claim the entire scholarship amount if their CGPA is equal to or more than 7.50 (with no “D” and “F” Grade).  This will be paid by the institute through online-transfer in the name of the student, as a reward for good academic performance. It must be noted, however, that in case the scholarship awarded student’s CGPA falls below the minimum required level of 7.50 in any Term he/she will not get the scholarship for that Term calculated on a pro-rated basis. For example, if a 1st year scholarship awarded student gets a CGPA of less than 7.50 in Term-2 but equal to or more than 7.50 CGPA (with no “D” and “F” Grade) in Term-3, then he/she will not be entitled to Term-2 scholarship amount calculated on a pro-rated basis.  In this case it will be 1/3 of the total 1st year scholarship amount. The payment will be made through online transfer in the name of the student, as a cash reward for good academic performance.

7. Other Conditions:

  • Students selected for this scholarship will not get any concession on any other fee, such as, students’ activities charges, examination fee, alumni charges, Abhigyan journal subscription, hostel charges, or any other new fee/charges introduced etc.
  • This scholarship scheme will not be available to any student who is already availing the benefit of any other scholarship from anywhere else. If at a later stage it is found that the awarded student is also availing a benefit of another scholarship or financial support scheme, a disciplinary action will be taken against such student(s) including cancellation of the scholarship and rustication from the Programme. All such students will have to deposit back to the institute the scholarship amount released/paid to them immediately after being so communicated.
  • If any disciplinary action is taken against the scholarship awarded student, then the scholarship will be discontinued with effect from the Academic Term during which the disciplinary action was taken. Such students must pay the balance fee due to the institute immediately after the disciplinary action has been communicated to the student. 

Executive Education/MDPs

FORE School of Management has been designing, developing and conducting innovative Executive Education (EE)/ Management Development Programmes (MDPs) for working executives in India for over three decades.