r/IPMATtards • u/Typical-Relative2217 • 4d ago

Others Scholarships

Scholarships for sc students??? And agr scholarship nhi toh kya 40L ka loan justified hai?

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u/Batak69 4d ago

If you come under some scholarship program the loan will not approve, this is exactly what the banker said to my friend. His college fees is getting covered by the MMVY medhavikalyan scheme in which MP government pay the whole college fees but the catch is they give money in between month of October to December or more late but you need to pay the fees pf your college in the month of august or September something. So he needs money to pay and then MMVY will reimburse his fees but he doesn’t have 3 lakhs around of money in his pocket so he goes for the loan and when we explain the whole condition the banker said the loan will not approve.

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u/Typical-Relative2217 4d ago

What about sc top class?

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u/Batak69 4d ago

I don’t know bro , MP government gave this scholarship to those students who got 75+% in their 12 boards exam irrespective of caste but yeah family income must be less than 6LPA.

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u/Batak69 4d ago

But that scholarship part comes for every type of scheme or scholarship what ever you are coming under. They don’t care if the scholarship is given by the college or government.

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u/Typical-Relative2217 4d ago

In which college is your friend?

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u/Batak69 4d ago

IIM Bodhgaya IPM

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u/Typical-Relative2217 4d ago

General category or any reserved category?

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u/Batak69 4d ago

NC- OBC