National Institute of Securities Markets (NISM), Mumbai Scholarships
Mumbai
AICTE
ESTD 2006
Mumbai
AICTE
ESTD 2006
Scholarships
NISM PGDM (SM) Scholarship Details
Merit Scholarships and Tuition fee waivers
It is NISMs’ endeavour to make education more affordable for students from all walks of life and ensure that every deserving student gets an opportunity for quality education. Various categories of scholarships have been made available and designed to cater to different students. Following merit based scholarships and tuition fee waiver schemes are in place:
| Sr. No | Name of the Scholarship | Description |
|---|---|---|
| 01 | Merit Scholarship | Students who have secured 1st rank at the preceding degree (in an examination where at least 120 students have taken exam in the respective University/ Institute) are eligible for 50% of the tuition fee waiver during the first year. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to continue to be eligible for 50% tuition fee waiver for the entire programme. |
| 02 | Economically Backward Students | Economically backward students, with meritorious academic record are eligible for 50% of tuition fee waiver in the first year, whose parent/guardian income is less than Rs. 4.00 lakh per annum. A student shall secure at least 60% of marks along with 90% attendance in each trimester of first year in order to continue to be eligible for such tuition fee waiver. |
| 03 | Students from local area | Students from Raigarh (MH) district securing admission in PGDM-SM program are eligible for 30% of tuition fee waiver in the first year. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to continue to be eligible for 50% tuition fee waiver for the entire program. |
| 04 | Best Performing Students | Students are eligible for 50% of tuition fee waiver for the second year for securing the first position/rank in the first year. |
| 05 | Fee waiver for Students based on admission Merit criteria | Students with 1st Class and above in graduation level along with CAT / XAT / GMAT score of 75 percentile & above and other eligible test scores of 80 percentile & above are eligible for tuition fee waiver up to 50% only in the first year of study. |
| 06 | SC/ST and backward class Students | Students from the SC/ST and Backward class category are eligible for a 50% tuition fee waiver in the first year, subject to the condition that they are selected through a competitive process in terms of prescribed eligibility criteria for selection. |
| 07 | Children of employees of SEBI Registered entities | are eligible for 30% of tuition fee waiver in first year of study. |
| 08 | Children and Spouse of SEBI and NISM Staff | Children and Spouse of Employees of SEBI/ NISM and support / outsourced staff of NISM are eligible for 40% of tuition fee waiver in the first year. They should secure at least 60% of marks along with 90% attendance in each trimester of the first year in order to continue to be eligible for such tuition fee waiver. |
General Terms and Conditions for Scholarships and Fee Waivers
- The students undergoing PGDM (SM) are only eligible for seeking tuition fee waivers/scholarships. Students undergoing joint/collaborative/ sponsored programmes are not eligible for any of the scholarships, waivers etc. as these programmes are offered based on mutual understanding between NISM and collaborating Institute/s.
- In order to become eligible for tuition fee waiver, a student shall first secure admission to the program through competitive selection process as prescribed.
- Students seeking tuition fee waiver under any of the above scheme shall pay first instalment of tuition and other fee in full at the time of admission.
- Eligible students shall make an application within one month from the date of commencement of the programme attaching relevant documents as indicated under para (e) below. Students are not allowed to make multiple applications and such applications forthwith rejected.
- Application for scholarship/ tuition fee waiver shall be submitted enclosing a) Rank Certificate issued by University/Institution for merit scholarship, b)Economically Backward Certificate issued by an Officer not below the rank of Tahasildar for Economically Backward category, c) residence certificate for local students issued by Tahasildar for local category, d) proof of score and copy of final graduation certificate for merit students, e) employees of SEBI, NISM and employees of SEBI registered entities shall make an application to the Registrar, NISM for considering tuition fee waivers and f) SC/ST and Backward class students shall submit a caste certificate issued by the Competent Authority authorised by the respective State or Central Govt. or UT Governments as per prevailing norms laid own for the purpose.
- A Student is eligible for waiver of tuition fee under only one of the schemes above. No student is eligible for scholarship/waiver under multiple schemes.
- All the Applicants and Students may note that, merely by submitting an application under any of the above scheme, will not become eligible for tuition fee waiver. All the applications received shall be scrutinised by a Committee duly constituted by the Director. The Committee shall submit its recommendations to the Director for approval. Only shortlisted candidates will be considering for award of scholarship. If more applications received under any of the scheme, the Committee has right to reduce the % of Scholarship/Waiver to accommodate more numbers students depending on the student’s merit. In all the matters relating to scholarship/tuition fee waiver, Director’s decision shall be final. There is no provision for any appeal under the scheme.
- NISM reserves right to verify correctness of the application made with the respective authorities and if is found to be incorrect at any point of time, the student shall pay the entire fee along with penalty forthwith or institute has right to take disciplinary action.