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Reserve Bank of India (RBI) Faculty Scholarship Scheme 2016

Deadline: 31-May-2016

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AwardRs 25,000 pm for 3 months, Rs 1 lakh after successful completion of the project
EligibilityFull time faculty of economics or finance
CountryIndia
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Scholarship provider contact

The Director, 
Development Research Group, 
Department of Economic and Policy Research, 
7th Floor, Central Office Building,
Reserve Bank of India, 
Fort, 
Mumbai - 400 001
Email: deprdrg@rbi.org.in

Description

he Reserve Bank of India invites application as per prescribed format from full-time faculty members, teaching economics or finance in any UGC-recognized Universities/Colleges in India to undertake short term research in the areas of monetary and financial economics, banking, real sector issues and other areas of interest to the Reserve Bank.

Objectives:

  1. To increase awareness about the activities of the Reserve Bank among faculty members and student community, and

  2. To provide exposure to faculty members teaching economics and/or finance in different areas/activities in the Reserve Bank.

Eligibility

Full-time faculty members, teaching economics or finance in any UGC-recognized Universities/Colleges in India to undertake short term research in the areas of monetary and financial economics, banking, real sector issues and other areas of interest to the Reserve Bank.

How to apply?

The application in hard copy may be forwarded to Mumbai 
The application should be sent along with detailed curriculum vitae and the research proposal. The soft version of application (in addition to hard copy) and/or any queries related to the scheme may be sent to E-mail.

More Information

Schedule of the Scheme
1. The application, complete in all respect, should reach the Bank latest by May 31, 2016.
2. Commencement of the scholarship scheme would be from August 1, 2016.

Selection Procedure
The applicants need to send a research proposal of not more than 1000 words and detailed curriculum vitae along with the duly filled in application form. The candidates will be shortlisted on the basis of the research proposal and curriculum vitae. The shortlisted candidates will then be interviewed by a selection panel. The 
candidates found suitable would be invited to undertake research on the theme decided by the Reserve Bank.
P.S.: Incomplete application/application received after the due date will not beconsidered for short listing.

Theme
The exact theme of research for the scholars will be decided by RBI

Location of the scheme
The scheme would be mainly operational at Central Office Departments of RBI, Mumbai. In certain cases, the Reserve Bank may ask the selected candidate to conduct research at select Regional Offices of RBI also. However, Bank may provide the option to the candidates to work from their institution for the Study during the
period of 2 to 3 months.

Facilities
The major facilities that will be made available to the selected scholar would include:
(i) Restricted economy class domestic air-fare ticket during visits to RBI Central Office, Mumbai from place of residence/work in India.
(ii) Monthly allowance of ` 25,000/- (Rupees twenty five thousand only) to be paid for the duration of the project (not more than three months). 
(iii) In addition to the monthly remuneration, on completion of the Project/ Research paper and on acceptance of the same by RBI, payment of ` 1 lakh as honorarium would be made.

Note: No accommodation or allowance for accommodation will be provided during the period of scholarship.

Responsibilities
The selected scholar will have the following responsibilities:
(i) The scholar would be required to submit a research paper/project report that contributes to RBI research activities.
(ii) The scholar should make a presentation of his/her work in a Seminar at Reserve Bank, Mumbai.
(iii) The scholar, if he/she desires to publish his/her research work elsewhere, may do so with prior permission of the Reserve Bank.

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