L&T Welfare Company Limited

Scheme – 1: Scholarship to meritorious students for doing Graduation &

Post Graduation in specified courses. (April 2023)

Eligibility

1. Income & age criteria:

(a) Scheme covers Children of existing and retired employees of L&T and those Subsidiary
and Associate companies as decided by the Board of Directors.
(b) Existing employees should be in the service for at least 3 years as permanent employees.
(c) Retired employees should have served for at least 15 consecutive years at the time of
retirement as permanent employees.

In addition, the following conditions are to be fulfilled.

(d) Gross Annual Income of existing/retired employees should not be over ₹ 20 Lakhs as shown
in the Form 16 of salary income issued by the company for the immediately preceding
financial year while enrolling in the scheme.
(e) For the employees posted abroad, Overseas Allowance will also be reckoned.
2. The term “Children” means legitimate children and legally adopted children up to a maximum
of 2 children. The children should complete Graduation courses by the age of 25 years & post-
Graduation courses by the age of 28 years. Married children of employees are not eligible for
the scholarship under this scheme.
3. Norms for award of scholarship for various courses are as under:
(a) Students studying for Engineering / Architecture/ Medical / Physiotherapy / Pharmacy /
Hotel Management / Chartered Accountancy (CA), Company Secretary (CS), Cost &
Management Accountancy (CMA) and Law (Full Time 3/5-year course excluding part time
law courses) courses covered under this scheme should have to enroll in
colleges/institutes coming under universities recognized by UGC and institutions created
by an Act of Parliament.
(i) Engineering (B.E., B.Tech.) / Architecture (B.Arch.) / Physiotherapy (BPT) / Pharmacy
(B. Pharm.) / Hotel Management (B.Sc. in Hospitality & Hotel Administration) /
Chartered Accountancy (C.A.) / Law (L.L.B.)/ Company Secretary (C.S.) and Cost &
management Accountancy courses (C.M.A.):
(ii) The students should have secured a minimum of 70% marks in the 12th or equivalent
examinations and 90 percentiles in qualifying (Entrance) examination to qualify under
the scheme. (The qualifying criteria of 90 percentile will be applicable from academic
year 2023-24.)
(iii) Qualification of passing entrance and board exams to include-
• Board Exam
• Entrance exams like JEE, NEET, CUET, etc.
• State Entrance Test such as–MHTCET, GUJCET, TNEA, COMDEK UGET, APEAMCET,
WBJEE etc.
• Individual University Entrance Test like –VITEEE, MET, BITSAT, SRMJEE, etc.
(iv) Those who have not appeared for any of the above-mentioned entrance exams will
not be entitled to get the benefit under the scheme.
(v) Those who have secured admission in management quota will not be entitled to get
the benefit under the scheme.

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(b) Medical Courses (MBBS, BDS):
(i) The students should have secured a minimum of 70% marks in the 12th or equivalent
examinations AND Minimum 90 percentile in NEET UG examination to qualify under
the scheme.
(c) Diploma students seeking admission to 2nd year engineering / pharmacy can apply for the
scholarship provided they have secured minimum of 70% marks in final year Diploma
Examination. For 3-year Diploma course, aggregate marks of 5th & 6th Semesters and for
4-year Diploma course, aggregate marks of 7th & 8th Semesters will be considered.
(d) Student will not be eligible for Scholarship for MBA and studies outside India.
4. The Norms for Scholarship for Post-Graduation courses are as under:
(a) Engineering / Architecture / Physiotherapy / Pharmacy / Hotel Management / Law (Full-
time), Company Secretary and Cost & management Accountancy courses: The students
should have secured minimum of 65% marks in the final year Graduation Examination and
Minimum 50% marks in qualifying (Entrance) examinations to qualify under the scheme.
The students should get admission to colleges recognized by UGC.
(b) Medical Courses – (Allopathy) (MD, MS, MDS, DNB): The students should get admission to
colleges recognized by the National Medical Commission (NMC).
(c) Existing students studying in any academic year (Second year and onwards), can claim
scholarship under the Scheme provided s/he meets all eligibility criteria.
(d) For students to become eligible for scholarship in subsequent years both in Graduation &
Post-graduation courses, the students should fulfill the following norms:
(i) Secure a minimum of 60% marks in the previous year’s examination in Engineering/
Architecture/ Physiotherapy / Pharmacy /Hotel Management / Law (Full-time)
Courses.
(ii) Secure a minimum of 50% marks in the previous year’s examination in medical courses
at Graduation level.
(iii) Students must pass the previous year’s examination in the first attempt.
Benefits

5. Reimbursement will be limited to 85% of the cost of Tuition fees + Hostel fees + Books
(purchase of Books not exceeding ₹ 5,000 per year). The maximum amount of scholarship for
Graduation & Post-Graduation per student per academic year:
(i) Engineering/ Architecture/ Physiotherapy / Pharmacy /Hotel Management /
Chartered Accountancy, Company Secretary and Cost & management Accountancy and
Law (full-time) - ₹ 1.50 Lakh
(ii) Medicine - ₹ 2.25 Lakhs
(b) The benefits for Company Secretary and Cost & Management Accountancy courses will be
applicable from Academic Year 2023-24.
(c) On an annualized basis, the Board of Directors will earmark the funds for this scheme and
if the funds allocated for the scheme are fully disbursed and exhausted during that
particular year, claims received but unpaid will be taken up for reimbursement in the
subsequent year at the sole discretion of the Board.
Special Conditions

6. Children of employees studying Graduation & Post-Graduation in Engineering/Architecture/

Chartered Accountancy/ Law (Full-time), Company Secretary and Cost & management
Accountancy Courses will have to sign an undertaking to serve L&T for a minimum period
based on scholarship availed - only for post-Graduation – 1 year, only for Graduation – 2 years
& both for Graduation & Post-Graduation – 3 years. In case, the child is not joining the
company despite selection or after selection does not serve the number of years required as
per this paragraph, then the employee has to refund the scholarship amount availed of for
the number of years not served.
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7. Selection of the child will be subject to the norms of recruitment/availability of vacancy
within the company and suitability for employment under the Company’s GET/PGET schemes.
8. Employees claiming benefits under this scheme will have to sign an undertaking to serve the
Company for a minimum period of 2 years before disbursement of the amount. In case the
employee separates other than by retirement, then the amount paid under the Scheme to
the employee/his or her family members for the last two preceding years from the date of
separation will be recovered from the employee.
9. The scholarship to meritorious students is available for studies only in India.
10. Any implication of tax on the scholarship amount received will be on the employee’s
account.
How to Apply

(a) Kindly lodge the claim online on LTET Portal: https://ltet.larsentoubro.com

(b) Claim should be submitted within one month after treatment.
(c) The claim should be supported by all relevant documents as applicable to the scheme.
Incomplete claim may render it to be rejected.
Procedure for Disbursement

(d) The Board of Directors will form a suitable panel for scrutinizing and recommending the
eligible applications for final approval by them. The panel’s decision will be final and
binding.
(e) The Board reserves the right to add, alter, modify, delete or close the scheme without
notice at their sole discretion. In all matters concerning this scheme, the ’ decision of
the Board will be final & binding.
The following documents are to be submitted with the Claim.

(i) Entrance exam marksheet and 12th Examination Mark sheet/Grade sheet/Final year
Mark sheet of Graduation.
(ii) College Admission Letter/ Allotment letter.
(iii) Birth Certificate.
(iv) Tuition Fee receipts in original.
(v) Hostel Fee receipts in original with lodging & boarding break up.
(vi) Cash Memo/s in original for purchase of Book/s.
(vii) Company ID card of the employee/ VRS letter/ Retirement letter.
(viii) Latest Form 16 from Company.
(ix) Undertaking.
(x) Copy of cheque leaf of employee’s bank account for remitting the amount by way of
NEFT.

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 Scheme – 1
Scholarship to meritorious students for doing Graduation & Post Graduation in specified
courses. (April 2023)
L&T Welfare Company Limited – Mumbai
Claim Form No: 1A
(First Year Graduation & Post-Graduation courses)
I wish to apply for the scholarship for the academic year:
(a) Name of Student:
(First name) (Middle Name) (Surname)
(b) Date of Birth: Age: Years
dd mm yyyy
Gender
(c)
: Male Female Married: Yes No
(d) Date & Year of 12th Std./Degree Exam:

Percentile marks obtained in

Percentage Marks obtained in 12th entrance exam (GATE /JEE /CUET
Std/Degree Exam % /NEET /PGCET / others) as applicable
(e) Name of College:
(f) Details of claim made for 1st Year:
Amount recommended Amount sanctioned
Details Expenses incurred (₹)
by Panel (₹) by LTET (₹)
Amount 85%
1. Tuition Fees
2. Hostel Fees
3. Cost of Books*
Total (1+2+3)
* Cost of Books (up to 5000)

Any implication of tax on the scholarship amount received by me on behalf of my ward will be on my account. The
particulars furnished above are true to the best of my knowledge. We agree to abide by the decision of the
Management Panel & the Trustees in all matters concerned with this application. I hereby declare that my child has
not applied for/ received scholarship from any other source.

Signature of the student Signature of the employee

Date Date

Mobile / Resi. No. Mobile No.

Email ID of the student Email ID of the employee

Name of Employee PS No
In Service Retired VRS
Date of joining Date of Retirement/ VRS
dd mm yyyy dd mm yyyy
Cadre & Grade: SBU/IC Dept Code Location

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 Claim Form No: 1B
(Second Year onwards Graduation & Post-Graduation courses)
Verification number Dated of the previous year’s claim
I wish to apply for the scholarship for the academic year:
(a) Name of Student:
(First name) (Middle Name) (Surname)
(b) Date of Birth: Age: Years
dd mm yyyy
(c) Gender: Male Female Married: Yes No
(d) Name of College:
(e) Studying in year 2nd 3rd 4th Final PG (Tick whichever is applicable)

1st yr.
(f)
1st Sem %/Grade 2nd Sem %/Grade Aggregate
2nd yr.
3rd Sem %/Grade 4th Sem %/Grade Aggregate
3rd yr.
5th Sem %/Grade 6th Sem %/Grade Aggregate
4th yr.
7th Sem %/Grade 8th Sem %/Grade Aggregate
Final Sem/Year %/Grade (Arch/Med)
(g) Details of claim made for year

Amount recommended by Amount sanctioned

Details Expenses incurred (₹)
Panel (₹) by LTET (₹)
Amount 85%
1. Tuition Fees
2. Hostel Fees
3. Cost of Books*
Total (1+2+3)
* Cost of Books (up to 5000)
Any implication of tax on the scholarship amount received by me on behalf of my ward will be on my account. The
particulars furnished above are true to the best of my knowledge. We agree to abide by the decision of the Management
Panel & the Trustees in all matters concerned with this application. I hereby declare that my child has not applied for/
received scholarship from any other source.

Signature of the student Signature of the employee

Date Date

Mobile / Resi. No. Mobile No.

Email ID of the student Email ID of the employee

Name of Employee PS No
In Service Retired VRS
Date of joining Date of Retirement/ VRS
dd mm yyyy dd mm yyyy
Cadre & Grade: SBU/IC Dept Code Location

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 Claim Form No: 1C
(Diploma Holders Direct Admission) - For 2nd Year Engineering student.
I wish to apply for the scholarship for the academic year:
(a) Name of Student:
(First name) (Middle Name) (Surname)
(b) Date of Birth: Age: Years
dd mm yyyy
(c) Gender: Male Female Married: Yes No
(d) Date & Year of 10/12th Std.Exam: Percentage Grade obtained
dd mm yyyy
(e) Name of Branch (Elec/Mech/Comp etc.)
(f) 5th Sem % 6th Sem % Aggregate % (For 3 years Diploma)
7th Sem % 8th Sem % Aggregate % (For 4 years Diploma)
Final Sem/Year %/Grade (Arch/Med)
(g) Name of College:
(h) Details of claim made for 2nd year Engineering

Amount recommended Amount sanctioned by

Details Expenses incurred (₹)
by Panel (₹) LTET (₹)

Amount 85%
1. Tuition Fees
2. Hostel Fees
3. Cost of Books*
Total (1+2+3)
* Cost of Books (up to 5000)

Any implication of tax on the scholarship amount received by me on behalf of my ward will be on my account. The particulars
furnished above are true to the best of my knowledge. We agree to abide by the decision of the Management Panel & the
Trustees in all matters concerned with this application. I hereby declare that my child has not applied for/ received scholarship
from any other source.

Signature of the student Signature of the employee

Date Date

Mobile / Resi. No. Mobile No.

Email ID of the student Email ID of the employee

Name of Employee PS No
In Service Retired VRS
Date of joining Date of Retirement/ VRS
dd mm yyyy dd mm yyyy
Cadre & Grade: SBU/IC Dept Code Location

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 Verification by Dept. / HR Head
The particulars furnished above are verified and are true to the best of my knowledge.
Department Head HR Head
Name
PS No
Designation
Signature
Mobile No
Date

Voucher
This claim has been verified & undertaking enclosed.

Total eligible amount claimed: ₹

Amount recommended for sanctioning: ₹
(Rupees in words):

Name: Signature: Date:

Verification number

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 Scheme – 1

Scholarship to meritorious students for doing Graduation & Post Graduation in

specified courses. (April 2023)
Date: _________________

Undertaking
Thru.: Dept. Head (Name & Signature): __________________________
I, Ms./Mr.___________________________________________, PS no.________________,
Dept./SBU/IC_________________________, hereby declare that pursuant to receiving benefits
under the Scheme “Scholarship to meritorious students for doing Graduation & Post-Graduation
in Engineering, Architecture and Medicine etc., I will serve Larsen &Toubro and / or its Subsidiary
and Associate Companies for a minimum period of 2 yea
Over and above this my ward will also serve the company for a minimum period of 1/2/3 year/s#
after graduation/Post-graduation in Engineering / Architecture / Chartered
Accountancy/Company Secretary and Cost & management Accountancy / Law (Full-time) Courses
(* in addition to his existing bond with L&T Institute of Technology), subject to meeting the
norms of recruitment / availability of vacancy with company, and suitable for employment under
the GET/PGET schemes.

#
Pl. refer to point 6 (Special Conditions) of the Scheme and strike out which is not applicable.

In-case I fail to work for the specified period of 2 years from the date of disbursement/s received
by me under this scheme or my ward fails to join L&T after qualifying, I hereby authorize:
a) Larsen & Toubro or its Subsidiary/Associate Companies to recover the sum of monies
received under the said scheme by me/ my family members in the preceding two years
from date of separation under the said scheme from my settlement amount. In case my
ward is not joining after being selected & I continue to be in employment then the amount
can be recovered from me.
b) The amount deducted / recovered be remitted to L&T Employees Trust in settlement of
the amount paid to me / my family members under this Scheme.

__________________________________ ________________________________
Employee’s Signature / Date Ward’s Signature / Date

Contact number ______________________ Contact number __________________

The particulars furnished above are verified and are true to the best of my knowledge.

____________________________________________
HR Head, Signature & Name

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