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Higher education is way too costly in this generation for a common community. The scholarships act as a source of hope for aspiring students to fulfill their academic dreams. One of the scholarships is the FAEA Scholarship. The FAEA Scholarship 2023 is an opportunity offered by the Foundation for Academic Excellence and Access (FAEA). The scholarships are provided to students who have passed 12th grade or are in the first year of their undergraduate program at any college in India.
In this blog, we will be looking into the thorough guide for the FAEA Scholarship, understanding its origins, eligibility criteria, the application process, etc.
FAEA Scholarship 2023
The FAEA Scholarship stands for Foundation for Academic Excellence and Access. FAEA is a non-profit organization launched by Bharat Heavy Electricals in India that is committed to promoting educational excellence and making higher education possible for every individual, irrespective of their financial status.
The scholarships aim to provide financial assistance to the economically weaker members of society who need higher education. The Ministry of Electronics and Information Technology is the delegated ministry for the FAEA Scholarship.
Students who have cleared the 12th-grade examination can get admission to any undergraduate program after receiving the financial help and support offered under the FAEA Scholarship. It covers the major structures of hostel fees, tuition fees, mess charges, etc.
FAEA Scholarship 2023 Eligibility Criteria
The following are the categories that a student must satisfy to be eligible to receive the FAEA Scholarship:
- Economical Condition: The student must belong to an economically backward and Below Poverty Line (BPL) community. The students must belong to the SC, ST, and BPL categories.
- Nationality: The student must have Indian citizenship to be eligible for the FAEA scholarship. The student must come from one of the four states, including Karnataka, Maharashtra, Tamil Nadu, and Kerala.
- Educational Qualification: The student must have passed or cleared the Class 12th examination to be eligible for the FAEA Scholarship. The student can also apply for the scholarship in the first year of his/her graduation.
Benefits of the FAEA Scholarship 2023
Let us look at some of the major benefits of FAEA Scholarship 2023 below.
- Tuition Fees
FAEA shall pay fees only for the free seats, not the paid seats. The student must not get admitted through direct admissions. The fee certificate should be signed and attested by the dean or director of the institute to which FAEA scholars get admission.
- Maintenance Allowance
The “maintenance allowance” is paid to scholars who do not live in the college hostel. If an FAEA Scholar lives in the college’s hostel, FAEA will not pay the “maintenance allowance.” Instead, the hostel and mess fees will be covered. The FAEA Scholar will be paid a total of Rs. 18,000 per year. In an academic year, it is payable in one or two equal installments of Rs. 9,000 each. The amount is directly paid to the FAEA scholars by DD (demand drafts).
- Books Allowance
The total amount payable to a scholar under this scheme is Rs. 2000 per year. The entire amount is distributed at the start of the academic year. The funds are transferred directly to the FAEA scholar via demand drafts.
- Clothing Allowance
The total amount payable to a scholar under this scheme is Rs. 1000 per year. The entire amount is distributed at the start of the academic year. The funds are transferred directly to the FAEA scholar via demand drafts.
- Travel Allowance
The total amount payable to a scholar under this scheme is Rs. 1000 per year. The entire amount is distributed at the start of the academic year. The funds are transferred directly to the FAEA scholar via demand drafts. However, the separate request by the FAEA scholar to travel to other cities for education is entertained
- Miscellaneous Allowance
This allowance is only available to those who are eligible for hostel and mess fees. A scholar will receive Rs. 3000 per year under this scheme. The entire amount is distributed at the beginning of the school year. Demand drafts are used to transfer funds directly to the FAEA scholar.
How to Apply for the FAEA Scholarship 2023
To apply for the FAEA Scholarship, the candidate must follow the following steps:
- Go to the FAEA Scholarship Portal’s official website.
- Click “Click Here” on the homepage to fill out an online application for the FAEA Scholarship.
- Upload the required documents as requested.
- A new page will appear. Click the Register button.
- Enter the candidate’s personal information now. Name, DOB (Date of Birth), email ID, phone number, and so on.
- Now, in order to register, click the Submit button.
- Log in after registering to finish the application form.
- Take a printout of the completed application form for future reference.
Important Documents Required for the FAEA Scholarship
Some of the required documents for the Foundation for Academic Excellence and Access Scholarship (FAEA Scholarship) online application
- Aadhar Card
- Copy of the Grant letter signed by the FAEA scholar
- Income Certificate
- Class 10th Marksheet
- Class 12th Marksheet (if declared)
- College and Course details
- Residence Certificate
- Bank Details
- Passport size photo
- Course Fee Receipt
Selection Process for FAEA Scholarship
The application is subjected to a rigorous evaluation process. Students chosen for FAEA will be offered interviews in various metropolitan cities throughout India. Finally, a national panel is tasked with making the decision, and the results are announced as soon as possible.
It is also important to note that the acceptance of support is dependent on the student being accepted by the respective host university, institution, or college.
FAQs on FAEA Scholarship 2023
What is the FAEA Scholarship?
The FAEA (Foundation for Academic Excellence and Achievement) Scholarship is a well-known program that aims to support and encourage highly motivated students in their studies in higher education
How does anyone apply for the FAEA Scholarship?
Anyone can apply for the FAEA Scholarship by visiting the official website of the FAEA and following the steps mentioned in the article above.
Does FAEA pay the college directly?
Yes, FAEA directly pays the college. We prefer to make direct payments to the college. FAEA scholars must submit the documents well in advance and allow FAEA 3-4 working weeks to process the payment. If the fees must be paid immediately and there is not enough time, they may pay the fees and then submit the necessary documents for reimbursement.
What is the process of renewing the FAEA scholarship after the completion of the academic year?
After one academic year, the FAEA scholar must meet the following conditions in order for the scholarship to be renewed: 1. The scholar must submit his or her mark sheet, which must be attested by his or her college principal. 2. A letter of recommendation from the principal stating that the scholar's performance is satisfactory should be submitted. Scholars must state their percentage. 3. He/she must submit a scholarship declaration letter stating that he/she is not receiving any other scholarships. 4. An annual expenditure certificate or fee certificate detailing the upcoming year's expenses, duly attested by the college principal, should be submitted. 5. An annual hostel and mess certificate attested by the college principal should be submitted.
