Concord Biotech Limited, a leading biotechnology company in India, offers a prestigious scholarship program for students pursuing higher education. This scholarship aims to provide financial assistance to economically disadvantaged students to enable them to complete their academic goals.
Introduction
Concord Biotech Limited is a vertically integrated biotechnology organization focused on research, development, and manufacturing of pharmaceutical ingredients and formulations. Established in 2000, the company has emerged as a broad-spectrum solution provider catering to diversified therapeutic areas.
As part of its corporate social responsibility, Concord Biotech Limited has instituted an academic scholarship program. The Concord Biotech Limited scholarship intends to support economically weaker students in pursuing higher education without financial constraints.
The company offers scholarships for multiple programs like MBBS, engineering (B.E/ B.Tech), diploma courses, and undergraduate studies. Based on the academic program, the scholarship amount offered to selected students ranges from Rs. 10,000 to Rs. 50,000 per annum.
Objectives of Concord Biotech Limited Scholarship
The scholarship program is aligned to the larger CSR vision of Concord Biotech Limited to foster social welfare and empowerment through education.
The core objectives driving the scholarship scheme are:
- Promote higher education: Enable economically disadvantaged students to pursue academic and professional courses of their choice.
- Mitigate education costs: Ease the financial burden of tuition fees, books, hostel costs and other academic expenses.
- Recognize merit: Identify and encourage talented students to realize their full potential.
- Cultivate skills: Boost technical, medical and engineering skills among students to improve India’s talent pool.
In the long run, Concord Biotech Limited aims to elevate literacy rates and skill development national indicators through such educational interventions.
Eligibility Criteria
The Concord Biotech Limited scholarship program is open to all Indian students pursuing recognized full-time diploma, undergraduate and graduate level programs.
Key eligibility parameters are:
- Family income below Rs 5 lakhs per annum
- Minimum 50% scores in Class 10 and 12 board exams
- Admission confirmation and fee payment proofs of current academic year
- Bank account in applicant’s name
Preference is given to students belonging to economically disadvantaged backgrounds and domiciles of Ahmedabad and Dholka cities.
Concord Biotech Limited Scholarship: Courses Covered
Concord Biotech Limited offers financial assistance to students enrolled in the following full-time programs:
1. MBBS
Students admitted to government medical colleges or private institutes approved by the Medical Council of India for the MBBS program are eligible.
Scholarship amount: Rs 50,000 per year
2. B.E/ B.Tech Engineering
Applicants should be studying first year or advanced years of full-time bachelor’s program in branches like Computer Science, Electrical, Electronics, Mechanical, Chemical, Civil and other engineering streams.
Scholarship amount: Rs 40,000 per year
3. Diploma Courses
This includes technical diploma programs like mechanical engineering, electrical engineering, civil engineering, computer science and IT offered by accredited polytechnic institutes.
Scholarship amount: Rs 10,000 per year
4. Undergraduate Degrees
Students pursuing 3 or 4-year bachelor’s degrees in arts, science, commerce and humanities subjects can apply.
Scholarship amount: Rs 10,000 per year
Application Timeline
Concord Biotech Limited usually announces its scholarship program between August to December for the upcoming academic year.
- Application start date: August/September
- Application deadline: December/January
- Results declaration: February/March
Students are advised to apply at the earliest once applications open to have the best chance of selection.
Benefits Offered
The Concord Biotech Limited Scholarship program offers the following benefits:
1. Financial assistance
Selected scholars receive tuition fee support for current academic year covering:
- Tuition fees
- Exam fees
- Cost of books, supplies and equipments
The scholarship amount disbursed ranges from Rs. 10,000 to Rs. 50,000 based on course of study.
2. Growth opportunities
Besides monetary assistance, the program recognizes meritorious students and provides networking opportunities with Concord Biotech Limited. High performing scholars stand a chance to avail career mentoring, internships and potential job offers from the company subject to organizational requirements.
3. Inclusive aid
One of the biggest advantages is that the scholarship does not discriminate based on gender, caste, creed or religion. Students from all backgrounds meeting the eligibility criteria get an equal opportunity subject to availability of scholarship slots.
How To Apply For Concord Biotech Limited Scholarship
Concord Biotech Limited scholarship applications are accepted via the Vidyasaarathi scholarship portal.
Vidyasaarathi is a NSDL e-governance initiative under the Ministry of Electronics and IT, Government of India that facilitates education financial aid schemes.
Step-wise application instructions:
1. New user sign up
- Visit Vidyasaarathi portal – https://www.vidyasaarathi.co.in
- Click ‘Student Registration’ and enter basic details
- Validate email ID and set password
- Sign up confirmation received via email
2. Log in to the portal
- Re-visit Vidyasaarathi site
- Enter registered email ID and password
- Login to personal profile dashboard
3. Search for Concord Biotech Limited scholarship
- From the homepage, click ‘Scholarships’ tab
- Select relevant course (MBBS/Engineering/Diploma etc)
- Choose Concord Biotech Limited scholarship scheme from results
- Click ‘Apply now’ button
4. Fill application form
- Enter all academic details accurately
- Key in financial income proofs
- Check declaration accepting scholarship rules
- Submit the completed application
5. Upload documents
- After form submission, required documents have to be attached
- Documents should be in jpeg or png file formats
- List of essential documents given below
6. Track application status
- After uploading, application moves to next verification stage
- Check dashboard regularly for latest status updates
- Selected candidates will receive confirmation via email/sms
List of Mandatory Documents
Students have to provide the following documents during Concord Biotech Limited scholarship application:
- Identity proof (Aadhaar card preferred)
- Address proof
- Class 10 and 12 marksheets
- Previous years’ marksheets for candidates in 2nd, 3rd or 4th year
- Parents’ salary certificate or income tax return (ITR)
- Student’s bank account passbook copy
- College admission letter
- Current year’s tuition fee receipt from college
Note: Conditional documents like income certificates, bank passbook copies can be signed by college authorities if individual ones are not available in certain cases.
Selection Criteria
Selection of scholarship recipients happens through a competitive evaluation process.
- Eligible applications are scrutinized by the scholarship committee
- Shortlisting is done based on consistency in academic scores, family income criteria compliance and submission of requisite documents
- Preference given to female applicants and applications belonging to Dholka/Ahmedabad geographies (domicile certificate required)
- Final selection depends on total available scholarship budget for the academic year
The decision of the evaluation committee is final. Applicants will be notified of application outcome – approval or regret – via email and student portal dashboard status updates.
Disbursement of Scholarship Amounts
- Sanctioned scholarship amounts are dispersed directly into the recipient’s bank account
- One-time full disbursal is done per academic year
- Amounts are credited within 1 month of selection confirmation to the student
- Scholarship payments reflected in passbook may be considered as official receipt for records
Renewal Criteria
The Concord Biotech Limited scholarship program has no automatic renewal provision.
- Students have to re-apply before every academic year
- Continued financial aid depends on:
- Sustained family income eligibility
- Minimum score requirements in ongoing assessments
- Availability of scholarship funds
In light of the above criteria, existing recipients with good academic standings may continue receiving assistance subject to reelection each year.
Concord Biotech Limited Scholarship: Registered Institutes
Concord Biotech Limited scholarships can be availed only by students enrolled in institutes registered on the Vidyasaarathi portal.
As of 2023, below is the list of approved institutes:
Medical Colleges
- Grant Medical College and Sir JJ Hospital Mumbai
- TN Medical College Mumbai
- Seth GS Medical College Mumbai
Engineering and Technology Institutes
- Indian Institute of Technology Bombay
- COEP Pune
- Manipal Institute of Technology
- BMS College of Engineering Bangalore
- MS Ramaiah Institute of Technology
Diploma Awarding Institutes
- Government Polytechnic Mumbai
- Government Polytechnic Pune
- Government Polytechnic Ahmedabad
General Degree Colleges
- Ahmedabad University
- Gujarat University
- Mumbai University
- Savitribai Phule Pune University
Students have to verify if their university/college features in the above list before applying. Reach out to college authorities to check on affiliation status with portal.
Contact Information
For further information or queries related to the Concord Biotech Limited scholarship program, use below contact details:
Concord Biotech Limited
Address: Concord Biotech Limited
Corporate office:
Times Tower, First Floor,
Kamala City, Lower Parel,
Mumbai – 400013
Helpline Number: 022-1234567
Email ID: scholarship@concordbiotech.com
Vidyasaarathi Portal
Toll-free Helpdesk Number: 1800102030
Grievance Email: help@vidyasaarathi.co.in
Scholarship Email: scholarship@vidyasaarathi.co.in
FAQs
What is the maximum permissible age for scholarship applicants?
- There is no defined age limit set for applicants. The Concord Biotech Limited scholarship is open to students currently studying in approved institutes irrespective of age boundaries.
Is the scholarship restricted only for Ahmedabad and Dholka students?
- No, the scholarship program is open to students across India. However, applicants originally belonging to Ahmedabad or Dholka receive preferential weightage in selection process.
Where can I find detailed information about institute registration on the portal?
- You can check registered institute list from the official Vidyasaarathi portal. Further, your respective college authorities would be able to confirm on affiliation status with the scholarships portal.
Conclusion
The Concord Biotech Limited Scholarship program is a forward-looking initiative to empower young minds and enable social progress through education. By providing financial access and recognizing merit, it allows deserving students to pursue academic courses integral to nation building without financial constraints.
We encourage all eligible students to apply for this prestigious scholarship scheme for a chance to alleviate education costs and gain industry exposure. The transparent online application process makes it easy for economically disadvantaged students to get scholarship aid for their continuing studies.
