Higher Education Assistance &

Scholarship Scheme
Prepared by: Jay D Modi (HR4_PS)
Intern- HR Generalist
jaymodi.peacocksolar@gmail.com
Higher Education Assistance
Peacock Solar encourages its employees to enhance their skills
through higher studies while serving in the company.

Conditions of sponsorship for higher education:

1. Courses will be sponsored after a minimum service of 2 years. Only
part-time or Distance Learning courses will be sponsored.

2. Only courses relevant to the candidate’s field of expertise will be

considered. Prior permission in form of a personal application
should be forwarded with supporting documents, if any,
mentioning fee structure and course details for approval by
management before the commencement of course.
Higher Education Assistance
3. HOD’s approval is a pre-requisite.
4. Routine work should not be affected in the duration of the
course.
5. Proof of completion of course is to be submitted along with the
original fee payment receipts.
6. Management discretion will be final in each and every case.
Higher Education Assistance
LEVEL WISE MAXIMUM SPONSORSHIP AND
REIMBURSEMENT OF COURSE FEE IS LISTED BELOW:
Max course period at which percentage of
Level amount of fee
is reimbursable
Fee On
After After
Reimbursa completion
After 1 year 1.5 2
ble of
years years
(Rs.) the course
UptoRs.
L3A – L3B 25% 25% 25% 25%
60,000/-
UptoRs.
L4B – L3C 25% 25% 25% 25%
40,000/-
L5A – UptoRs.
25% 25% 25% 25%
L4C 20,000/-
UptoRs.
L5B – L5C 25% 25% 25% 25%
12,000/-
Scholarship Scheme
Children of Employees will be considered for
scholarship on merit basis.

Highlights of the Policy:

1. The minimum cut off percentage for sending
applications is 75% scored in annual examination.
2. Applicable for employees up to Manager (L6) level.
3. Number of nominations in each category i.e. Class III
- VI, Class VI I - IX and Class X - XII will be based on
Management’s discretion.
4. Last day of submission of mark sheets of final
examination is 30thJune.
Scholarship Scheme
Categories and Scholarship Amount

Standard Period Total Amount (Rs.)

Class III – VI One Year 7000 per annum

Class VI I – IX One Year 10000 per annum

Class X – XII One Year 13000 per annum

Employees are required to submit mark sheets of


their wards for the above mentioned classes, which
will be verified by the HR Department and the
candidate scoring the highest marks in the above
mentioned standard will be given the scholarship for
a period of one year.
Scholarship Scheme
Mark sheets should be of current year and to be
submitted by the 30th June every year. No case will be
entertained after such date lapses, even if the
employee is on leave or out for medical reasons.
The academic year shall begin from April and end in
March. Each payment shall be disbursed on quarterly
basis.