The PMF Educational Assistance Scheme
ELIGIBILITYStudents admitted/seeking admission for professional, nursing (diploma & degree) or postgraduate courses in reputed colleges, universities and institutions in India with the goal of acquiring a professional career are eligible to apply. The minimum requirement for any applicant is his/her successful completion of the higher secondary board examination, i.e. plus two or equivalent, with a minimum score of 60% or above (in the relevant subjects for graduation in the case for postgraduate students). Those expecting the said level of success in the last examination also can apply.
Assistance will be available only to those who are availing educational loans.
The Educational Assistance will be to cover 75% of tuition and related fees (which include boarding and books allowance) subject to a maximum loan amount of Rs.50,000/- each year, for the entire duration of the chosen course/programme plus one year as grace period or until remuneratively employed whichever is earlier.
The Assistance will be paid quarterly to the Bank by cheque.
Disbursement of funds from 2nd year onwards will be subject to the periodic submission of the candidate’s Academic Progress Report.
PROCEDURE FOR APPLICATION
The application form should be type-written and sent by post or E.Mail together with all the supporting documents to reach the office of the Foundation at the latest by the last date fixed.