aga Gar cenit der NATIONAL INSTITUTE OF FASHION TECHNOLOGY Sreafre Peart ACADEMIC AFFAIRS DEPARTMENT Fre yeaa ag feet HEAD OFFICE, NEW DELHI 1400(214)NIFT/Head-AA/Action Taken on MoM of BOG-Senate-AAC-EC/2018 18.09.2019 hij NIET “Merit Based Scholarship at NIFT" as approved by BOG for the onetime cash awards on yearly basis is forwarded herewith for necessary action. The policy “Merit Based Scholarship at NIFT” has been introduced and will be in effect from July — December 2019. hhh : vented hk Head-Kcademic Affairs To All Campus Directors/ Joint Directors NIFT COE-HO Head -ERP Deputy Director (Admission) Copy to:- Dean for information please. Director (F8A) for information please Director-IT with a request to upload the same at NIFT's website under Academic Affairs. All CAC’s All SDACS PS to DG for information please.2.0 3.0 NATIONAL INSTITUTE OF FASHION TECHNOLOGY Head Office- New Delhi MERIT BASED SCHOLARSHIP AT NIFT Short Title / Commencement ‘The name of the policy shall be called “MERIT BASED SCHOLARSHIP AT NIFT ‘The financial assistance under "MERIT BASED SCHOLARSHIP AT NIFT" is not an entitlement. It shall be subject to merit. This policy shall come into force with effect from academic year 2019-20, Purpose: e To provide rewards ischolarship for students by way of incentive for academic excellence at NIFT, and recognition of good academic performance by economically weaker sections except scheme no. 1 which is totally based on merit as per the performance in the NIFT's entrance exam. Applicability of the Scheme: i) Providing 10 fellowships for overall NIFT toppers ii) Providing upto 50 merit based scholarships to students in Rs.4 lakh to Rs.6 lakh income bracket based on the performance in the foundation programme. ili) Providing course wise scholarships to toppers of the 2™ or 3 year for UG and first year toppers of PG.4.0 Terms and Conditions of the Scheme ‘Scheme: 1 : Providing 10 fellowships for overall NIFT toppers in the NIFT entrance exam, Eligibility Fellow ship = 6 toppers in NIFT final CMR of Design J+ 4 topper in NIFT Final | [S. | Course [No | Amount Rs.15,000/- for Sub Total for J Total Amount CMR of Fashion || no 8. | one Time for ist year (2 ne student Technology (UG). : semester), J+ topper in NIFT Final || 1 |UG- [6 | Rs. 15,000 forone Time 80,000 7,80,000 CMR of Design (PG). Design for Ist year (2 semester). +1 topper in NIFT Final |[2 |UG- [1 | Rs. 1,000 for one Time _ | 30,000 30,000 CMR’ of Fashion Technol for Ist year ( 2 semester). Technology (PG). ogy 161 topper in NIFT Final||3 | PG- | 1 | Rs. 18,000 forone Time | 30,000 30,000 CIR of Fashion of Design for Ist year ( 2 semester. Management. (PG). |[4 |PG- [7 | Rs. 18,000for one Time — | 30,000 30,000 Techon for ist year ( 2 semester). (This is without taking lg into account their B [MFM [7 Rs. 75,000 for one Time | 30,000 30,000 financial status). for ist year ( 2 semester) D [3,00,000 Rs.15,000/- per semester for 2 semesters ie 30,000 for each student for UG programme and PG programme. ‘Total financial implication per year would be Rs.3,00,000/- Working chart of full eyele for Table 1 ‘A) For UG Programme et . G from UG | Nos. of 2028-28 design+ | students | Amount | Semester | 2019-20 _| 2020-21 | 2021-22 _| 2022.23 4 from UG 7| 15000| 1&2) 2,10,000] 2,10,000 | 2, 10,000 | 2, 10,000 2,710,000 “Technolog; Total for UG | 2,410,000 | 2,410,000 | 2,410,000 | 2,410,000 2,10,000 B) For PG Programme 7 no. from] Nos. of | Amount | Semester] 2018-20] 2020-21] 2021-22) 2022-23 2023-24 PG-Design + | students It no. from PG S| 15000 182 90000 | 90000 ‘90000 | 90000 ‘90000 [Technology + ‘0. from FM TotalforPG | 90000) 80000] $0000) 80000 30500 ‘Total nancial inplication year wise for UG 3,00,000 | 3,00,000) 3,00,000 | 3,00,000 3,00,000 ani 4 NOTE: 1. Head-Academic Affairs to receive a list of toppers who join from Admission department and process the same for the disbursement of the reward. The award value will be spent from the H.O. NIFT Development Fund. ‘The Merit Based Scholarship at NIFT scheme to be awarded in 2nd semester after midterm. 3. If the student is benefiting from 'SARTHAK’ -NIFT Financial Assistance Scheme, he/she will not be given the benefit and the student next in merit would be considered. v 2Scheme : -2 Providing upto 60 merit based scholarships to students in Rs 4 lakh to Rs 6 lakh income bracket based on their performance in the foundation programme. Eligibility Fellow ship programme.(**) + B.Des=42 + BFT=8 3) 15000 per semester for 2 One year = Rs.15,00,000/- 50 Fellowship based on |1) Total Batches 79 (67 B-Des. & 12 BFT)* toppers in foundation | 2) Round off proportionate Batches semesters 4) Nos. of students 50 (42 from Design Programme + 8 from Technology programme) Rs. 15000 for 2 Semesters Total financial implication would be as under: ‘Scheme 2 Working chart and budget allocation. from the beginning till complete cycle. 7500000 [1500000 a (Design) +8(Techno ‘Semes logy) =50_| Year |ter | 2018-19 potg.20 | 2020-21 bo21-22 2022.23 | 2023.24 1st Performance t 50|year_|i&t | analysis 2nd 11600000 | 1500000 [7500000 [1500000 | 1500000 50] Year_| maiv Total Financial implication year wise {1600000 '7500000 | 4500000 NOTE: * This will change with nos. of campuses and courses. The figure/ proposal is based on the strength of campuses and courses as on 2018-19 ** 50 Fellowship based on toppers in foundation programme to be released by Campuses based on tesult received from Head ERP/ COE(HO) & list validated by office of Head (AA). If the student is benefiting from ‘SARTHAK’ -NIFT Financial Assistance Scheme, he/she will not be given the Merit Based Scholarship and the student next in merit would be considered for the same.‘Scheme: 3 Providing course wise scholarships to toppers of the 2" year for UG and first year toppers of PG igibility Fellow ship : (Calculation based on the starts from Ist year) (UG Programme): FTotal nos. of students 101 (79 for UG and 22 PG) * 1 student from each department |a) Financial implication for UG (79 nos. of students) and each campus. Total nos. of students are 79 for one year. Rs, 18,000 for 79 nos. of students for 2 semesters = Rs. 23,70,000.00 (PG Programme):- [b) Financial implication for PG (22 nos. of students) 1 student from each department and each campus. Total nos of | Rs. 15,000 for 22 nos. of students for 2 semesters = Rs. 6,60,000.00 students are 22 for one year. Total financial implication would be as under: One year_= Rs.30,30,000.00 ‘Scheme 3 Working chi location For UG (A) Nos. students | Year| Semester | 2018-19 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023.24 tet Performance 79 | year | 18 Analysis 2nd 72370000 | 2870000 | 2370000 | 2370000 | 2370000 73 | Year_| maiv 'S. Total (A) | 2370000 | 2370000 |” 2370000 | 2370000 | 2370000 Year Semester| 2018-19 2019.20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 Performance ‘680000 | 660000 | 660000 | 660000 | 660000 22|istyear | ian | Analysis 22 | 2nd Year_| W&iv 'S.Total (8) ‘60000 | 660000 | 660000 | 60000 |" ée0000 TOTAL (A¥B) 3030000] 3030000 | 3030000 13030000 ) 3030000 NOTE: 1. If the student is benefiting from ‘SARTHAK’ -NIFT Financial Assistance Scheme, he/she will not be given the Merit Based Scholarship and the student next in merit would be considered for the same. 2. The meritorious student scholarship under each specialization may be released by the Campus after the declaration of even semester result. The scholarship amount may be debited from the respective ‘Campus Development Fund. * This will change with nos. of campuses and courses. The figure/ proposal is based on thestrength of campuses and courses as on 2018-19 45.0 Disqualification: 1) The student should have cleared all the subjects of the previous semesters and should have never failed in any semester in the previous years of study in NIFT. Relaxation may be sought from the Competent Authority in case a student has repeated the semester on account of mitigating ccirumstances like medical or family emergency. 2) Any student involved in any major or minor disciplinary violation will not be eligible for this meritorious reward. 6.0 Financial support from Head Office {fin any campus, the Campus Surplus Fund of that financial year is less than.Rs 15 lakh, the amount of annual scholarship fund will be made available from the HO Surplus Fund to that particular campus.