FINANCIAL ASSISTANCE (AWARDS AND SCHOLARSHIPS)

The Institute offers ‘NICMAR Top Ranker’s Scholarship’, ‘NICMAR Means-

Based Top Ranker’s Scholarship’, ‘NICMAR Excalibur Award Scholarship’,
‘NICMAR Merit Scholarship’ and ‘Cherry Hill Interiors Ltd. Merit Scholarship’ to
its students.
Students will be eligible for only one award/scholarship for a particular
academic trimester.
Companies that accept students for summer internship generally offer
allowances/stipends during the training period.
NICMAR Top Ranker’s Scholarship
Five students securing the highest marks in the ‘NICMAR Common
Admissions Test’ and other selection criteria of the admission process will be
awarded scholarships. The scholarship will consist of full admission fee,
tuition fee, hostel and boarding charges waiver for the entire duration of the
programme. This scholarship is available for students wanting to pursue any of
NICMAR’s full time two year post graduate programmes. If the students
eligible for the scholarship, decline or postpone the admission to NICMAR’s
full time two year post graduate programme, this scholarship will not be
offered to the student who postpones his/her admission for any reasons
whatsoever, or to other students.
These students must comply with the following requirements for continuance
of scholarship in subsequent academic trimesters. Breach of any of these
conditions will disqualify the student for the same and will make the student
forfeit the scholarship. In such a case, the student will have to pay the
necessary fees, hostel and boarding charges for the next academic trimester.
The scholarship will be restored in subsequent trimester/s, depending on the
fulfillment of the conditions stated below.
i. The awardees' attendance in any course of study shall not be less than
80%.
ii. Students should pass the trimester in the first attempt.
iii. Trimester Performance Index (TPI) should be 8.5 or above.
iv. The awardees shall have no adverse comments/grading on record from
the disciplinary committee for any reason whatsoever.
v. No gaps/break in trimesters whatsoever during the entire programme are
permissible.
vi. The decision of the PGP Executive Committee shall be final and binding
on all parties concerned, subject to the approval of Director General.
vii. The awardees shall maintain high standards of conduct and behaviour
and conform to the discipline of the Institute, as laid down in the ‘Code of
Conduct’ of the Institute.
NICMAR Means-Based Top Ranker’s Scholarship
Five students out of 100 students securing the highest marks in the ‘NICMAR
Common Admissions Test’ and other selection criteria, whose gross annual
family income is less than INR 6,00,000 and need financial support to
complete their education at NICMAR will be awarded scholarships. The
scholarship will consist of full admission fee, tuition fee, hostel and boarding
charges waiver for the entire duration of the programme. This scholarship is
available for students wanting to pursue any of NICMAR’s full time two year
post graduate programmes. If the students eligible for the scholarship, decline
or postpone the admission to NICMAR’s full time two year post graduate
programmes, this scholarship will not be offered to the student who postpones
his/her admission for any reasons whatsoever, or to other students.
These students must comply with the following requirements for continuance
of scholarship in subsequent academic trimester. Breach of any of these
conditions will disqualify the student for the same and will make the student
forfeit the scholarship. In such a case, the student will have to pay the
necessary fees, hostel and boarding charges for the next academic trimester.
The scholarship will be restored in subsequent trimesters depending on the
fulfillment of all the conditions stated below.
i. The awardees' attendance in any course of study shall not be less than
80%.
ii. Students should pass the trimester in the first attempt.
iii. Trimester Performance Index (TPI) should be 8.0 or above.
iv. The awardees shall have no adverse comments/grading on record from
the disciplinary committee for any reason whatsoever.
v. No gaps/break in trimesters whatsoever during the entire programme are
permissible.
vi. The decision of the PGP Executive Committee shall be final and binding
on all parties concerned, subject to the approval of Director General.
vii. The awardees shall maintain high standards of conduct and behaviour
and conform to the discipline of the Institute, as laid down in the ‘Code of
Conduct’ of the Institute.
Documents to be submitted for NICMAR Means-Based Top Ranker’s
Scholarship Only
Any of the following documents should be submitted to the Institute to verify
the economic status of the student/person/s responsible for funding the
student’s education at NICMAR.
i. In case of salaried persons, a copy of the latest Income Tax Assessment
Order or Salary Slips for last financial year should be given by the
parents/student/spouse of the student/guardian.
ii. Copy of the latest Income Tax Assessment Order for a non-salaried
person should be given by the parents/student/spouse of the
student/guardian.
iii. In case of agricultural/any other income not covered by (i) or (ii) above, a
self-declaration of income should be given by the parents/student/spouse
of the student/guardian, along with a bank statement of last financial year.
NICMAR Excalibur Award Scholarship
A special award is being offered by the Institute to stimulate excellence and
scholarship of the highest order amongst the student community of NICMAR.
The award is titled as ‘Excalibur Award Scholarship’. It is awarded to the
students securing the highest rank amongst all students of ACM [Pune,
Hyderabad (Shamirpet), Goa (Farmagudi) and Delhi NCR (Bahadurgarh)
campuses], PEM [Pune and Hyderabad (Shamirpet)], REUIM, IFDM and
CSCDM programmes. The award is presented trimester-wise and it consists of
waiver of full tuition fee and hostel fee for the trimester in which the student
has secured the highest rank. Award will be given on the basis of Trimester
Performance Index (TPI). In case of a tie, student having higher Cumulative
Performance Index (CPI) will be given the Excalibur award. In case there is a
tie even on the CPI, the student securing the highest number of ‘AA’ grade
followed by the highest number of ‘AB’ grade will be given the award. If the tie
still continues, the student getting the highest marks in the internal, term end
exam and workshop assessment in the trimester concerned will be given the
Excalibur award.
NICMAR Merit Scholarship Scheme
These rules are framed to institute, operate and disburse scholarships to
students of full time two year post graduate programmes offered by NICMAR.

Duration : For all academic trimesters except summer internship.

Number of : 10% students of each post graduate programme of each

Scholarships campus, i.e. ACM, PEM, REUIM, IFDM and CSCDM
programmes.

Criteria and Rules for Award of Scholarships

i. Scholarships will be awarded on the basis of the Trimester Performance
Index (TPI) of the concerned academic trimester.
ii. A merit list will be prepared based on the TPI, of 10% students of all the
full time two year post graduate programmes of Pune, Hyderabad
(Shamirpet), Goa (Farmagudi) and Delhi NCR (Bahadurgarh) and
scholarships will be awarded as detailed in Table 1A.
iii. In case of any tie amongst the candidates on the same TPI, merit will be
determined by Cumulative Performance Index (CPI). In case of a tie in
CPI, the student securing the maximum number of grade ‘AA’ followed
by the maximum number of grade ‘AB’ will be given preference. After
that, if the tie continues, the scholarship amount will be split evenly
amongst the candidates concerned.
iv. Award of scholarship will be decided after the declaration of each term
end examination results.
v. The scholarship will be paid after the declaration of the same.
 Table 1A
Programme-wise Scholarships
Amount of
Numbers of
Scholarship/
Sr. Scholarships
Programme Campus Month
No.
Senior Junior
Rs.
Batch Batch
Pune, Hyderabad (Shamirpet),
1 PGP ACM/PEM/REUIM/IFDM/CSCDM Goa (Farmagudi) and Delhi 1 1 10,000
NCR (Bahadurgarh)
Pune, Hyderabad (Shamirpet),
2 PGP ACM/PEM/REUIM/IFDM/CSCDM Goa (Farmagudi) and Delhi 1 1 9,000
NCR (Bahadurgarh)
Pune, Hyderabad (Shamirpet),
3 PGP ACM/PEM/REUIM/IFDM/CSCDM Goa (Farmagudi) and Delhi 1 1 8,000
NCR (Bahadurgarh)
Pune, Hyderabad (Shamirpet),
4 PGP ACM Goa (Farmagudi) and Delhi 2 2 7,000
NCR (Bahadurgarh)
Pune and Hyderabad
PGP PEM/REUIM/IFDM/CSCDM 1 1 7,000
(Shamirpet)
Pune, Hyderabad (Shamirpet),
5 PGP ACM Goa (Farmagudi) and Delhi 2 2 6,000
NCR (Bahadurgarh)
Pune and Hyderabad
PGP PEM/REUIM/IFDM/CSCDM 1 1 6,000
(Shamirpet)
Pune, Hyderabad (Shamirpet),
6 PGP ACM Goa (Farmagudi) and Delhi 2 2 5,000
NCR (Bahadurgarh)
Pune and Hyderabad
PGP PEM/REUIM/IFDM/CSCDM 1 1 5,000
(Shamirpet)
Pune, Hyderabad (Shamirpet),
7 PGP ACM Goa (Farmagudi) and Delhi 4 4 4,000
NCR (Bahadurgarh)
Pune and Hyderabad
PGP PEM/REUIM/IFDM/CSCDM 2 2 4,000
(Shamirpet)
Pune, Hyderabad (Shamirpet),
8 PGP ACM Goa (Farmagudi) and Delhi 4 4 3,000
NCR (Bahadurgarh)
Pune and Hyderabad
PGP PEM/REUIM/IFDM/CSCDM 2 2 3,000
(Shamirpet)
Total 24 24
Pune, Hyderabad (Shamirpet),
Remaining of 10% students
Goa (Farmagudi) and Delhi 2,750
PGP ACM/PEM/REUIM/IFDM/CSCDM
NCR (Bahadurgarh)
The awardees of the scholarship may be assigned academic work of such
nature and duration as may be decided by the Head of the programme
concerned, keeping in mind the overall need to keep such assigned work to a
minimum level possible.
The merit holders for Excalibur Award Scholarship and Award of Merit
Scholarship should fulfil the following conditions. Breach of any one of
these conditions shall make them liable to be disqualified for the award
of scholarship.
i. The awardees’ attendance in any course of study shall not be less than
80%.
ii. The awardees shall have no adverse comments/grading on record from
the disciplinary committee for any reason whatsoever.
iii. Any act of indiscipline shall make the awardees liable to forfeiture of the
award.
iv. The decision of the PGP Executive Committee shall be final and binding
on all parties concerned, subject to the approval of Director General.
v. The awardees shall maintain high standards of conduct and behaviour
and conform to the discipline of the Institute, as laid down in the Code of
Conduct.
vi. The decision of the PGP Executive Committee regarding the
forfeiture/suspension of the award shall be final, subject to the approval
of Director General. In case of any grievances, the student may apply to
the Director General. Such cases will be finalised by the Academic
Council. No appeal will be allowed against the decision of the Academic
Council.
Cherry Hill Interiors Ltd. Merit Scholarship
Name of Scholarship: Cherry Hill Interiors Limited Merit Scholarship.
Number of Scholarships: Six, three for junior and three for senior batch
students.
Commencement: July, 2016
Eligibility: All students of the full time two year post graduate programmes at
NICMAR.
Criteria and Rules for Award of Scholarships
i. The awardees’ attendance in any course of study shall not be less than
80%.
ii. Scholarships will be awarded on the basis of the Trimester Performance
Index (TPI) of the concerned academic trimester.
iii. A merit list based on the TPI of the top three each from senior and junior
batch students of all full time two year post graduate programmes as
detailed in Table 1B will be prepared.
iv. In case of any tie amongst the candidates on the same TPI, merit will be
determined by Cumulative Performance Index (CPI). In case of a tie in
CPI, the student securing the maximum number of grade ‘AA’ followed
by the maximum number of grade ‘AB’ will be given preference. After
that, if the tie continues, the scholarship amount will be split evenly
amongst the candidates concerned.
v. Award of scholarship will be decided after the declaration of each term
end examination results.
vi. The scholarship will be paid after the declaration of the same.
Criteria for Selection: Top three rank holders from junior batch and top three
rank holders from senior batch of full time two year post graduate
programmes.
The top rank holder will get Rs. 10,000/- per month, the second rank will get
Rs. 9,000/- and the third rank holder will get Rs. 8,000/- per month for the
academic term.
Scholarship will be given for the duration of an academic trimester.
 Table 1B
Cherry Hill Interiors Ltd. Merit Scholarship
Amount of
Numbers of
Scholarship/
Sr. Scholarships
Programme Campus Month
No.
Senior Junior
Rs.
Batch Batch
Pune, Hyderabad (Shamirpet),
1 PGP ACM/PEM/REUIM/IFDM/CSCDM Goa (Farmagudi) and Delhi 1 1 10,000
NCR (Bahadurgarh)
Pune, Hyderabad (Shamirpet),
2 PGP ACM/PEM/REUIM/IFDM/CSCDM Goa (Farmagudi) and Delhi 1 1 9,000
NCR (Bahadurgarh)
Pune, Hyderabad (Shamirpet),
3 PGP ACM/PEM/REUIM/IFDM/CSCDM Goa (Farmagudi) and Delhi 1 1 8,000
NCR (Bahadurgarh)
Total 3 3

Project Management Institute’s (PMI®) Scholarship

Name of Scholarship: PMI Meritorious Award for the best students in project
management courses.
Number of Scholarships: Ten
Value of Scholarship: A maximum value of Rs. 1,55,000/- per year.
Commencement: July, 2015
Eligibility: All final year students of the full time two year post graduate
programmes at NICMAR.
Criteria for Selection: The top ten rank holders completing the first year of
the full time two year post graduate programmes every year and with a
minimum score of 75% in the project management related courses, subject to
clearance of examination of Certified Associate in Project Management
(CAPM).
If, for some reason, any of the top ten qualifying students are unable to take
the CAPM examination, the opportunity will go to the next student in the list
upto the 15th position.
In the event of a ‘tie’, the decision of the Director General, NICMAR will be
final.
In case the scholarship amount is not utilised fully in any particular year for not
meeting the laid down criteria, the scholarship may be extended by another
year subject to availability of funds.
In the event of any changes in the CAPM fees or fluctuation of the currencies
(USD vs. INR); the total amount available every year will be capped at INR
1,55,000/-.
AWARDS FOR ACADEMIC EXCELLENCE
i. NICMAR-Institute Gold Medal Award
NICMAR awards the ‘Institute Gold Medal’ for securing the highest marks
amongst all graduating students of the Institute’s following full time two year
post graduate programmes of all campuses: ACM, PEM, REUIM, IFDM and
CSCDM.
ii. NICMAR-Institute Silver Medal Award
NICMAR awards the ‘Institute Silver Medal’ for securing the highest
marks amongst all graduating students of the Institute’s post graduate
programmes from ACM (all campuses), PEM [Pune and Hyderabad
(Shamirpet) campuses], REUIM, IFDM, CSCDM, MFOCB, QSCM
[Hyderabad (Shamirpet)] and HSEM [Hyderabad (Shamirpet)].
iii. NICMAR-Maheshwar Ghansham S. Kakodkar Gold Medal Award
‘Maheshwar Ghansham S. Kakodkar Gold Medal’ instituted by
Pandurang Ghansham S. Kakodkar, at NICMAR campus, Mushtifund
Saunstha, Goa, for securing the highest marks amongst all graduating
students of post graduate programme in Advanced Construction
Management at NICMAR, Goa.
iv. PMI Gold Medal Award
Project Management Institute has instituted a ‘PMI Gold Medal’ for a
student who scores the highest marks in Project Management related
courses amongst all graduating students of the Institute’s full time two year
post graduate programmes of all campuses and also clears the CAPM
examination conducted by PMI.