Merit Scholarship Scheme 2024
The State Bank of Pakistan (SBP) has launched the Merit Scholarship Scheme 2024, a valuable initiative for the children of SBP employees (serving, retired, or deceased) up to OG-2 level. This program is designed to assist students in pursuing Intermediate, Graduation, Post-Graduation, and Diploma programs by providing financial aid based on academic presentation and merit.
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Overview of SBP Merit Scholarship Scheme 2024
| Program Name | SBP Merit Scholarship Scheme 2024 |
| Start Date | Currently Open |
| Last Date to Apply | December 4, 2024 |
| Eligibility | Children of SBP employees (up to OG-2 level) |
| Monthly Stipend | Rs. 9,016 – Rs. 16,393 |
| Education Levels | Intermediate, Graduation, Post-Graduation |
| Application Method | Offline |
| Disciplines Covered | All fields of study |
Eligibility Criteria
- Children of SBP Employees:
- Applicants must be children of serving, retired, or deceased SBP employees (up to OG-2 level).
- Academic Requirements:
- Minimum 60% marks or a B grade in the last completed qualification.
- GPA/CGPA holders must submit an sameness certificate showing the percentage.
- Enrollment Year:
- Students must have secured admission to a documented institution during 2022 or later.
- Institution Requirements:
- Admission must be in HEC-recognized universities, technical institutes, or degree-awarding organizations.
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Scholarship Amounts
The SBP Merit Scholarship provides financial support based on the level of study:
- Intermediate: Rs. 9,016 per month
- Graduation: Rs. 11,476 per month
- Post-Graduation: Rs. 16,393 per month
Required Documents
Applicants need to submit the following documents along with their application:
- Attested Academic Transcripts: Latest proviso results.
- Proof of Admission: Admission letter or enrollment certificate from the organization.
- CNIC/B-Form: Copies of both the student’s and guardian’s CNIC or B-Form.
- Service Certificate: For current employees, proof of employment at SBP.
- Grading Policy Certificate: If GPA/CGPA is used, provide equivalency details from the institution.
- Declaration Form: Ensure that the applicant is not getting any other scholarship.
Application Process
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- Download the Application Form:
- Visit the SBP website and download the form: SBP Application Form.
- Fill Out the Form:
- Provide accurate personal, academic, and institutional details.
- Attach Documents:
- Ensure all required documents are properly attested.
- Submission:
- Send the completed application to:
Director, Human Resources Department, State Bank of Pakistan, I.I. Chundrigar Road, Karachi.
- Send the completed application to:
- Application Deadline:
- Applications must be submitted by December 4, 2024. Late plans will not be entertained.
FAQs
Can students from any field of study apply?
Yes, the scholarship is open to all disciplines.
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Are diploma programs eligible?
Yes, diploma courses of at least six months duration are eligible.
Is there an online application option?
Currently, applications can only be submitted offline via postal service.
What happens if a student fails their examination?
Scholarships may be revoked for failing students, unless valid reasons such as health issues are provided with documentary evidence.
Can students already receiving other scholarships apply?
No, this scholarship is exclusively for students not availing any other financial aid.
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Conclusion
The SBP Merit Scholarship Scheme 2024 is a worthy effort by the State Bank of Pakistan to encourage education among its employees’ children. By providing financial assistance for multiple instructive levels, this program ensures that worthy students can achieve their academic dreams without monetary constraints.