Private Trusts Offering Scholarships and Loans for Studying Abroad

Getting a scholarship or student loan is one of the best ways to finance your study abroad dreams. Many private institutions are offering several scholarship schemes to help meritorious students. These institutions provide study loans as well to those students who fulfil eligibility.

Many private trusts award merit scholarships or grant education loans to students pursuing undergraduate and post-graduate studies abroad. The objective of these programs is to encourage outstandingly meritorious and deserving students to pursue academic excellence from the world’s finest institutes. This is done under the philanthropic outlook of these corporations/organisations. These private trusts sometimes offer scholarships, along with loans. Loans from these trusts have low rates of interest (2 to 4 per cent) or are interest-free.

Top Scholarship & Loan Providers for Study Abroad

Some of the most well-known trusts are listed below.

J.N. Tata Endowment

The J.N. Tata Endowment offers loan scholarships for higher studies abroad only. The loan amount (ranging between Rs. 1.5 lakhs and Rs. 6,00,000) awarded to each scholar is determined by the norms laid down for the purpose and does not cover the full cost of studies. Not all applicants necessarily qualify for the maximum amount. Selected scholars may also qualify for a gift scholarship from the Jamsetji Tata Trust and a Travel Grant from the Sir Dorabji Tata Trust, based on the sole discretion of the concerned Trustees. A gift scholarship can amount to a maximum of Rs. 10 lakhs.
For more details and the application form, write to
The Director,
J.N. Tata Endowment,
Bombay House,
24 Homi ModyStreet,
Mumbai-400001

K.C. Mahindra Education Trust

Upto Rs. 65,000, for postgraduate studies in various disciplines. Forms must be requested before 28th February of the year of the award and completed forms must reach by 31st March of the year of the award. Applicants are required to have submitted applications to or received an acceptance from reputed foreign universities for courses commencing from August 2015, but not later than February 2016.
For more details and the application form, write to
The Managing Trustee,
K.C. Mahindra Education Trust,
Cecil Court,
Mahakavi Bhushan Marg,
Mumbai-400039

Mariwala Trust

K.C. Mahindra Education Trust was established by the late K.C. Mahindra in 1953 to promote literacy and higher learning in India. Up to Rs. ,10,00,000 interest-free, for postgraduate studies in several disciplines. Application forms must be requested before 1st March of the year of the award and completed forms must reach by 30th April of the year of the award. Applicants must possess a first-class degree or an equivalent diploma of a recognised Indian university. They must have secured or at least have applied for admission to reputable foreign universities. The applicants must be willing to return to India after completion of the course.
For more details and the application form, write to
The Managing Trustee,
Mariwala CharityTrust,
409 Shah and Nahar Industrial Estate,
Dr. E. Moses Road, Worli Naka,
Mumbai-400018
Tel: (022) 4938307 Fax: (022) 4974704

R.D. Sethna Scholarship Fund

The R.D. Sethna Scholarship Fund was founded in 1938 after the demise of Mr. Rustom D. Sethna, a Parsi Zoroastrian Indian philanthropist. The R.D. Sethan Scholarships are loan scholarships granted on the basis of meritorious performance, to facilitate payment of tuition fees, academic material and related expenses for enhancing the educational experience. An amount of Rs. 20,000 to Rs. 50,000 at 2% annual interest for undergraduate and postgraduate studies in science, technology, commerce and education. Completed application forms must reach by 31st May of the year of the award. Loan scholarships are granted to enable students to undertake scientific, technical, industrial or commercial studies in India and overseas on the condition that they are repayable with interest in terms of the agreement and other documents required to be entered into and executed by applicants and their male guarantors.
For more details and the application form, write to-
The Chief Executive
R.D. Sethna Scholarship Fund,
Esplanade House,
29 Hazarimal Somani Marg, Fort,
Mumbai-400001

Sahu Jain Trust

The trust offers loan scholarships for higher studies in India as well as abroad. Sahu Jain Trust was founded by Smt. Rama Jain and Sahu Shanti Prasad Jain and offers Inland & Loan Scholarships to needy & deserving students for their higher studies. These are scholarships for strictly technical subjects to be undertaken by graduates/post-graduates in foreign countries. The loan amount is refundable in interest-free soft installments after the completion of the studies. Loan amount maximum up to Rs. 1 lakh lump sum per selected student.
For more details and the application form, write to:
The Secretary
Sahu Jain Trust,
4th Floor, Times House 7,
Bahadur Shah Zafar Marg,
New Delhi -110002

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• 4 Steps to Writing a Winning Scholarship Essay
• Types of scholarships available for Study Abroad aspirants

Note: Students, who wish to study abroad, can get in touch with India’s top-rated loan providers and apply for an education loan through Shiksha Study Abroad