Kolkata: The IIT Kharagpur has introduced several new scholarships for its undergraduate students for academics and research for this season.
An IIT KGP press statement said on Tuesday that the number of new scholarships is nine but the awards are two. Both will be given from this month. The awards and scholarships are meant for academic and research purposes.
It is a good for all the student that the institute will also be funding research at undergraduate level from its endownment fund built out of alumni donations over the years.
In the press statement, Subrata Chattopadhay , Dean, Alumni Affairs at IIT Kharagpur, said since the lower cut-off for economic background of students for existing scholarships and awards are at such a threshold that students falling in marginally higher category do not qualify for any assistance.
Considering the cost of living, these students too need some sort of financial support and therefore “we have increased the threshold of the current family income upto Rs 10 lakh and Rs 15 lakh per year for different scholarships to accommodate more students.”