PARAS Scholarship Programme 2023-24

The Tata PARAS Scholarship Programme is a corporate social responsibility (CSR) initiative of Tata AIA Life Insurance Company Limited that aims to support the education of meritorious and underprivileged students. This comprehensive scholarship program extends financial assistance to students pursuing undergraduate, postgraduate, and diploma courses in professional fields.

This article provides an overview of the PARAS Scholarship Programme 2023-24, including its eligibility criteria, application process, and benefits.

Eligibility Criteria

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To be eligible for the PARAS Scholarship Programme, applicants must meet the following criteria:

  • Nationality: Indian citizen

  • Age: At least 18 years old as on July 1, 2023

  • Educational Qualification:

    • Undergraduates: Pursuing first year of graduation in Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, or other related fields.
    • Postgraduates: Pursuing first year of postgraduate courses such as M.Com., M.Sc., M.A., etc. in Banking, Insurance, Management, and other related fields.
    • PG Diploma Students: Pursuing first year of PG Diploma courses in Banking, Insurance, Management, and other related fields.
  • Academic Performance: Applicants must have secured at least 50% marks in their previous class/semester.

  • Annual Family Income: Applicants should not have an annual family income exceeding Rs. 5 lakh from all sources.

Application Process

The application process for the PARAS Scholarship Programme 2023-24 is online. Interested candidates can apply through the Buddy4Study portal. The application process will close on December 15, 2023.

Documents Required

  • Mark sheets of previous class/semester
  • Income certificate
  • Domicile certificate (if applicable)
  • Caste certificate (if applicable)
  • Character certificate
  • Passport size photograph
  • Scanned copy of signature

Benefits of the PARAS Scholarship Programme

Selected candidates will receive a one-time scholarship of up to Rs. 25,000. The actual scholarship amount awarded to each student will be determined based on their academic merit, financial need, and other relevant factors.


The PARAS Scholarship Programme is a valuable opportunity for meritorious and underprivileged students to pursue higher education. The scholarship provides much-needed financial assistance, enabling students to focus on their studies and achieve their goals.

Additional Tips

  • Start your preparation early.
  • Thoroughly understand the eligibility criteria.
  • Gather all the required documents.
  • Fill out the online application form carefully and accurately.
  • Proofread your application before submitting it.


  • What is the maximum scholarship amount that can be awarded under the PARAS Scholarship Programme?

  • The maximum scholarship amount is Rs. 25,000.

  • What are the eligibility criteria for applying to the PARAS Scholarship Programme?

  • To be eligible, applicants must be Indian citizens, at least 18 years old, pursuing relevant courses, have secured at least 50% marks in their previous class/semester, and have an annual family income not exceeding Rs. 5 lakh.

  • How can I apply for the PARAS Scholarship Programme?

  • The application process is online through the Buddy4Study portal.

  • When is the last date to apply for the PARAS Scholarship Programme?

  • The last date to apply is December 15, 2023.

  • What documents do I need to submit with my application?

  • The required documents include mark sheets of previous class/semester, income certificate, domicile certificate (if applicable), caste certificate (if applicable), character certificate, passport size photograph, and scanned copy of signature.

  • Apply Now

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