Scholarship

PARAS Scholarship Programme 2023-24

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About the Program

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PARAS Scholarship Programme 2023-24 is a CSR initiative of TATA AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students. Under this programme, students who are studying in the first-year of graduation, postgraduation, or PG diploma courses in professional fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management and other related fields shall be entitled to receive a one-time scholarship support of up to ₹25,000. Buddy4Study is the implementation partner for this scholarship programme.

Tata AIA Life Insurance Company Limited (Tata AIA) is a joint venture company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region. Committed to a prosperous future, it also fulfils its Corporate Social Responsibility (CSR) by impacting society positively and this scholarship programme is one such initiative. 

 

Source: TATA AIA Life Insurance Company Limited

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  • PARAS Scholarship Program for Undergraduate Students 2023
    Deadline15-Dec-2023
    Eligibility
    • Open for students studying in the first-year of undergraduate courses such as B.Com., BBA, B.Sc., B.A., and BBI in Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields.

    • Applicants must have secured at least 50% marks in their previous class/semester.

    • Annual family income of applicants should not exceed ₹5 lakh from all sources.

    • Students from pan India are eligible to apply.

    NOTE: 

    • Children of TATA AIA employees/leaders/agents/distribution partners etc and Buddy4Study employees are not eligible to apply.

    • Preference will be given to economically backward students from Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls.

    • Preference will be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.

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    Benefits:

    INR 15,000 per year

  • PARAS Scholarship Program for Postgraduate Students 2023
    Deadline15-Dec-2023
    Eligibility
    • Open for students studying in the first year postgraduate courses such as M.Com., M.Sc., M.A., etc. in Banking, Insurance, Management, and other related fields.

    • Applicants must have secured at least 50% marks in their previous class/semester.

    • Annual family income of applicants should not exceed ₹5 lakh from all sources.

    • Students from pan India are eligible to apply.

     

    NOTE

    • Children of TATA AIA employees/leaders/agents/distribution partners etc. and Buddy4Study employees are not eligible to apply.

    • Preference will be given to economically backward students from Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls.

    • Preference will be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.

    Read More
    Benefits:

    INR 25,000 per year

  • PARAS Scholarship Program for PG Diploma Students 2023
    Deadline15-Dec-2023
    Eligibility
    • Open for students studying in the first-year of PG Diploma courses in fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields.

    • Applicants must have secured at least 50% marks in their previous class/semester.

    • Annual family income of applicants should not exceed ₹5 lakh from all sources.

    • Students from pan India are eligible to apply.

     

    NOTE

    • Children of TATA AIA employees/leaders/agents/distribution partners etc. and Buddy4Study employees are not eligible to apply.

    • Preference will be given to economically backward students from Scheduled Castes (SC), Scheduled Tribes (ST), Persons with Disabilities (PwD), and girls.

    • Preference will be given to COVID-affected students who have lost any of their earning members/parents since January 2020 or whose earning family members have lost livelihood/employment during the pandemic.

    Read More
    Benefits:

    INR 15,000 per year

Frequently Asked Questions
  • What is the selection process for PARAS Scholarship Programme 2023-24?

    The selection of scholars for the PARAS Scholarship Programme 2023-24 is a multi-stage process where students are selected on the basis of their academic merit and financial background. It involves a multi-stage process as detailed below –

    • Initial shortlisting of applications based on the eligibility criteria specified

    • Document verification 

    • Telephonic interview of shortlisted candidates post document verification 

    • The final selection and the awarding of the scholarship will be at the discretion of scholarship provider

  • If selected under this scholarship programme, how will I receive the scholarship fund?

    Upon selection, the scholarship amount will be directly transferred into the bank account of the scholars.

  • Will I receive this scholarship for subsequent years of studies?

    No. This is a one-time scholarship.

  • I am currently studying in the 2nd year of my B.Com. course. Can I apply for this scholarship?

    No. You cannot apply for this scholarship programme as it is only open for students studying in the first-year of undergraduate, postgraduate and PG diploma courses in fields such as Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management and other related fields.

Contact

In case of any queries, please reach out to:

011-430-92248 (Ext: 335) (Monday to Friday - 10:00AM to 06:00 PM (IST))parasscholarship@buddy4study.com

Disclaimer

1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.

2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

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