As you all are aware as a part of the corporate social responsibility initiative a lot of companies implement scholarship schemes. Keeping this in mind Tata AIA Life Insurance Company has also launched the Paras scholarship program. Under this scheme, financial assistance will be provided to meritorious, underprivileged students for pursuing higher education. This article will cover complete information regarding PARAS Scholarship Programme 2024. You will get to know how you will be able to apply online. Other than that you will also get to know about other important aspects concerning this scheme like its objective, benefits, features, eligibility, required documents, application procedure, etc. So if you are interested in getting the benefit of this scheme then you have to go through this article very carefully till the end
Importance of PARAS Scholarship 2024
Paras scholarship has been launched by Tata AIA Life Insurance Company. Through this scheme, students are provided scholarships to pursue higher education. Those students who belong to the underprivileged section of society will be able to apply under the PARAS Scholarship Programme. The company will provide one-time financial assistance of Rs 25000 to the beneficiaries. Those students who are in the first year of graduation, post-graduation, or PG diploma courses in professional fields such as commerce, economics, accounting and Finance, banking, insurance, management, data science, statistics, risk management, and other related fields will be able to get the benefit of this scheme
Also Read: Tata Capital Pankh Scholarship
Main Objective of PARAS Scholarship Programme
- The Main Objective of the PARAS Scholarship Programme is to provide scholarships to a student who is studying in their first year of graduation, post-graduation of PG diploma
- Under this scheme scholarship support up to Rs 25000 will be provided to beneficiaries
- So that students will not be required to depend on anyone to pursue higher education
- This scheme will also improve the literacy ratio of the country
About Tata AIA Life Insurance Company
Tata AIA Life Insurance Company is a general insurance company in India. It is a joint venture between Tata Group and American International Group. The TATA group holds a 74% stake in the insurance venture with AIG holding the balance of 26%. This company was formed in the year 2001 as a part of a corporate social responsibility initiative. This company implements various kinds of schemes for the betterment of the society. Recently the TATA AIA Life insurance company has launched a scholarship program for students pursuing higher education. Under the PARAS Scholarship Programme, financial assistance will be provided to a student so that they will be able to continue their education without any kind of financial hurdle
Key Highlights PARAS Scholarship Programme
| Name of the scheme | PARAS Scholarship Programme |
| Launched by | Tata AIG |
| Beneficiary | Students of India |
| Objective | To provide scholarship |
| Official website | PARAS Scholarship |
| Year | 2024 |
Paras Scholarship Program for Postgraduate Students
Eligibility Criteria
- Applicant must be permanent president of India
- Open for students studying in the first year of graduate programs such as B.Sc., B.Com., BBI, B.A., BBA, or postgraduate courses such as M.Com., M.Sc., M.A., etc. in Commerce, Economics, Accounting and 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.
- The annual family income of applicants should not exceed ₹5 lakh from all sources.
Also Check: ICCR A2A Scholarship
Paras Scholarship Program for PG Diploma Students
Eligibility Criteria
- Applicant must be permanent president of India
- Open for students studying in the first year of PG Diploma courses in fields such as Commerce, Economics, Accounting and 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.
- The annual family income of applicants should not exceed ₹5 lakh from all sources.
Paras Scholarship Program for Undergraduate Students
Eligibility Criteria
- Applicant must be permanent president of India
- 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 and 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.
- The annual family income of applicants should not exceed ₹5 lakh from all sources.
- Preference will be given to loved affected students who have lost their earning member
- Those students whose family member have lost their livelihood during the pandemic will also be provided benefit
- Preference will also be given to economically backward students from scheduled castes, scheduled tribes, persons with disability, and girls
- Children of Tata AIA employees and buddies for study are not eligible to apply
Benefits of PARAS Scholarship
- Paras scholarship has been launched by Tata AIG insurance company
- Through this thing, financial assistance will be provided to students person higher education
- Financial assistance up to Rs 25000 will be provided to the beneficiaries
- All those students who are interested to get the benefit of this scheme can submit their application online
- The student must also have secured the qualifying marks in their previous class to get the benefit of this scheme
- The students who are doing distance education courses will not be eligible to take benefit of this scheme
- Students pursuing undergraduate, postgraduate, and diploma courses will also be able to benefit of the scheme
Required Documents
- Aadhar card
- Residence certificate
- Passport size photograph
- Mobile number
- Email ID
- Bank account details
- Income certificate
- Caste certificate etc
Important Dates
- Starting date of application- November 2023
- Last date to apply- 15th December 2023
Reward Details
- For postgraduate level- Rs 25000
- For PG Diploma level- Rs 15,000
- For UG level- Rs 15,000
Selection Process
- First of all initial shortlisting of applicants will be done based on the eligible criteria
- After that, the documents will be sent for verification
- The telephone interview will be conducted by the team after document verification
- After that, the final selection of scholars will be done after approval from the team
Also Read: Vardhman Foundation Shakun Oswal Scholarship
PARAS Scholarship Apply Online 2024
- First of all, you have to go to https://www.buddy4study.com/page/paras-scholarship-programme?ref=FeaturedRightBlock
- The home page will appear on your screen
- On the homepage, you are required to click on Apply now
- Now you have to log in with your registered ID
- After that, you will be redirected to the application form
- Now you have to click on the start application button
- Now you have to fill in all the required details in the application form
- Now you have to upload all the required documents
- After that, you have to click on submit
- By following this procedure you can apply for PARAS Scholarship
Contact Details
- Helpline number- 011-430-92248
- Email- parasscholarship@buddy4study.com
PARAS Scholarship Programme 2024 FAQs
PARAS Scholarship has been launched by Tata AIG Insurance Company. Through the scheme financial assistance will be provided to the beneficiary
Financial assistance up to Rs 25000 will be provided under this scheme. This financial assistance will be directly credited into the bank account of the beneficiary
Yes, we can apply through offline mode under the PARAS Scholarship. For applying offline beneficiaries are required to visit the department office
In case of facing any kind of challenges, beneficiaries can contact the department office. Complaints can also be submitted online