SCHOLARSHIP SCHEMES

Scholarship Scheme Overview

Given Scholarship Grant to Successful and needy candidates.

SCHOLARSHIP SCHEME FOR HIGHER STUDIES

SCHOLARSHIP SCHEME FOR HIGHER STUDIES was launched in order to bring Graduate and Post-Graduate programmes under the umbrella of Scholarship Grants as well. The salient features of said scholarship scheme were circulated vide our circular # MCBEF/KNK/786/GEN/04 dated 12th January 2005.

MCB Employees Foundation is now renewing the above-said scheme viz.

MCB Employees Foundation is now renewing the above-said scheme viz. SCHOLARSHIP SCHEME FOR HIGHER STUDIES for the year 2013. In this scheme, we will continue providing assistance to all our successful candidates of the previous years (subject to Rules & Regulation of this scheme) and we will offer twenty (20) new scholarships for new candidates for the year 2013 (without discrimination of gender) to the children of Retired / Deceased Ex-MCB Employees up to the level of AVP, (who served MCB for a period of at least 10 years prior to retirement or who expired during bank service while completing at least 5 years of service) for pursuing degree level qualifications in the following academic fields:-
Business Administration (BBA / MBA) (Preferably from Lums /IBA / Pimstec / Zabist / Nust / GIKI) Computer Science (BCS / MCS) from (Lums / IBA/Pimstec/Zabist/Nust/GIKI)Medicine (MBBS/BDS/Medical Sciences) Engineering/Agriculture/Arts/Education/Architecture (Bachelor/Master/B.Com/M.Com) Accounting/Finance (CA Foundation / CMA)

Maximum 5 applications per category making a total of 20 scholarships per year will be approved. The Scholarship would be an amount of a maximum of Rs.50,000/-per year per scholar. All fee related payments i.e admission, Registration, Tuition, as well as purchase of text books in the respective areas would be reimbursed. The scholar will be responsible for payment of any amount exceeding Rs.50,000/- per year.

Applications would be received from 1st June, 2013 to 15th July, 2013 and scrutiny of the applications as per laid down criteria will be completed by 31st July, 2013 and within a week onward, a Committee, constituted by the Chief executive of MCBEF, shall select the candidates as per their merit.

Eligibility Criteria:

Sons / daughters of Retired / Deceased Ex-MCB Employees, up to the level of AVP who:
Passed FA /FSc/ A Level / I.Com/B.com or BA / BSc/ BBA / BCS or its equivalent during 2011-2012, securing a minimum of 60% marks / 2GPA; Through out the career without any break. Have a valid admission in the given areas at a university, duly recognized by the Higher Education Commission (HEC).
Are not more than (20 years) of age for Bachelor�s level admission and (22 years) for Master�s level admission at the time of admission.

Requirement / conditions:

Recipients would be required to take the normal course load of the registered programs and must complete the degree within given timeframe.

The payment made at the time of admission and for the ensuing semester / year will be reimbursed to the recipient subject to production of bills attested by the competent authority of the respective institute or at the discretion of recipient the said payment could also be made to the institution directly.

The recipient will have to submit the semester marks sheet issued by the respective institution. Payment for the following semester would be made if the recipient secures at least 60% in previous semester and would only be reimbursed after ascertaining that the recipient passed all subjects registered for the given semester / year, under the normal load of the program.

Individuals who dropped out except in case of illness from their enlisted programs, failed in any subject, could not secure the university required GPA / Marks, could not meet the necessary attendance requirements or for any other reason whatsoever except illness, would cease to receive further assistance.

Duration:

The scholarship provided will be for the entire period of the respective degrees. For instance if an individual gets selected for the award and joins a two year MBA program in a recognized local University, the funding of Rs.50,000/- will be provided for each of the two years..

Likewise, if an individual joins in the BBA program he / she may receive the initial award for the duration of the said degree, which may be extendable in case of continuation into the MBA program provided he/she would fall within the criterion fixed for selection of candidates as per merit.

Selection Procedure:

Applications would be invited through the Scholarship Application Form (attached with this circular) along with attested copies of the educational testimonials and the admission letter in the said program, to be submitted within the time specified at our Lahore Office:

Through the Branch / Regional Manager/General Manager
MCB Employees Foundation,
8-Sarwar Road,
Lahore Cantt.