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By Way2k Way2k
Way2k 11 Oct 2012
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MSU plans to fund edu of poor students
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Students from low-income groups need not worry if they want to pursue higher education at M.S University. Their poor financial status won’t come in the way for studying even in costliest of self-financed courses (SFCs) at MSU. MSU will become the first university to start an Economically Disadvantaged Students Support Fund through which it will fully waive fees of students belonging to economically weaker section. The fund will not only provide free studentship to such students but also free hostel accommodation and financial assistance to support expenditure on monthly food bills.

MSU plans to fund edu of poor students

Poor, meritorious students whose parent’s income is below Rs 1 lakh per annum will be eligible for full waiver of fees while those whose parent’s income is between Rs 1 lakh and two lakh per annum will be eligible for partial fee waiver. In extreme conditions, we will also waive off hostel fees of such students and under extra ordinary circumstances. We will support education of such students by providing them financial assistance of Rs 1,000 per month so that they can meet food and other expenditures, MSU vice-chancellor professor Yogesh Singh told TOI. A university-appointed committee will screen all such applications, he said.

The biggest benefit of this scheme will come in the way of supporting such financially weak students in pursuing education in SFCs like BBA and BCA programmes the costliest offered by the university. Such students will first have to clear entrance test in the courses on merit. MSU is hoping that the Economically Disadvantaged Students Support Fund will soon touch the Rs 50 lakh mark as the university has already received Rs 20 lakh as donation to the fund and has commitments worth another Rs 30 lakh. While five syndicate members, a couple of city-based industrialists and teachers have so far contributed to the fund; Singh is particularly touched by a gesture of a Faculty of Commerce student who runs an auto rickshaw on part time basis. This student had personally approached me.

First, I thought he must be keen on getting some financial support but to my surprise, the student insisted that he wanted to donate some amount for the fund, Singh. Presently, only reserved category students, irrespective of their economic status, benefit from fee waiver schemes of government. Such schemes too are limited to waiver of only tuition fee paid by the students. Also, at faculty level, there is a free studentship scheme for which finances are provided from the revenue budget. But with limited budget, the faculties have their own constraints in supporting needy students.

Courtesy: Times of India

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