With interest rates of education loans increasing steadily, the lesser you borrow, the better! The best way to finance your degree abroad is to get a scholarship. Both partial as well as full scholarships are offered by different bodies and institutions to encourage Indian students to study abroad. The most common ones are offered by:
- Governments of different countries in partnership with the Indian Government
- The Universities or colleges you apply to abroad
- Private organisations/ corporates
These scholarships are usually awarded based on academic merit or financial background. They are available to Indian students pursuing either a master’s, doctoral or post-doctoral degree abroad in various disciplines ranging from business administration and the humanities to engineering, medicine and biotechnology. A few scholarships are also available to students pursuing undergraduate degrees abroad.
The Department of Education and the Ministry of Human Resource Development in India administer scholarships/fellowships, which are being offered by the foreign countries under the Cultural Exchange Programmes. Most of the scholarships are for doctoral and post-doctoral studies. Scholarships are also available at post-graduate level for language study, Fine Arts and some other subjects.
This is an annual scheme made available to all Commonwealth countries by the Commonwealth Scholarships Commission. The India programme is managed jointly by the Association of Commonwealth Universities (ACU, UK); Ministry of Human Resource Development (MHRD), Government of India and the British Council.
This scholarship covers taught master’s courses, doctoral degrees and Ph.Ds in the disciplines of engineering and technology, applied and pure science, agriculture, humanities and social sciences. Up to 60 nominations are sent to the Commonwealth Scholarship Commission for final selection.
Dr.Manmohan Singh Scholarships
The Dr.Manmohan Singh Scholarships are awarded by St John’s College, the University of Cambridge in honour of Dr Singh. These awards enable academically outstanding Indian students to go to St. John’s College, University of Cambridge to study for doctoral degrees in subjects like Science & Technology, Economics and Social Sciences.
Victoria India Doctoral programme
The top nine universities in Victoria, Australia provide a full tuition waiver and scholarships worth Australian dollar 90,000 over the duration of doctoral studies for each PhD scholar from India. The universities where the Indian students can pursue their PhD are Deakin University, University of Melbourne, La Trobe University, Monash University, RMIT University, Swinburne University, Australian Catholic University, University of Ballart and Victoria University.
The Chevening Gurukul Scholarship for Leadership and Excellence
Chevening Gurukul is a unique 12-week, advanced leadership programme, created by the renowned London School of Economics and Political Science (LSE) specifically for India’s future leaders. The selected candidates are offered an intense, all expenses-paid, 12 week residential course at the LSE.
Apart from those listed above, you can find many more scholarships that are offered specially to Indian students on the Universities’ pages.