IOCL Scholarship 2024: Application Form, Amount & Last Date

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To qualify for the IOCL Scholarship, applicants must be between 15 and 30 years old. Eligible programs include coursework in the 10th, 11th, and 12th grades, along with post-secondary studies such as MBBS, B.Tech/M. Tech, and ITI programs. Scholarship amounts are determined based on the beneficiary category of the student. Applications can be submitted online.

Today through this article we will provide you with all types of information about the Indian Oil Academic Scholarship 2024 like Purpose, Eligibility Criteria, Benefits, Features, and Important Documents, etc. Apart from this, we will share with you the process of applying online for this scholarship. To get complete information about this scholarship initiative, read this article till the end.

About IOCL Scholarship 2024 Complete Details

The IOCL Scholarship is a program by Indian Oil Corporation Limited (IOCL) aimed at supporting students pursuing higher education. The theme revolves around empowering meritorious and economically disadvantaged students. The last date for application submission varies each year. It supports students pursuing various classes or degrees with a monetary amount ranging from INR 3,000 to INR 10,000 per month.

The scholarship provides a monthly amount ranging from INR 3,000 to INR 10,000, supporting students pursuing diverse classes or degrees. The last date for application varies yearly. Its theme centers on empowering both meritorious and economically disadvantaged students. Administered by Indian Oil Corporation Limited (IOCL), the program aims to bolster higher education opportunities for deserving candidates.

Highlights Of Indian Oil Scholarship 2024

The highlights of this scholarship are as follows:- 

Objectives Of Indian Oil Academic Scholarship 2024 

The main objective of launching the IOCL Scholarship is to provide some educational and employment opportunities to the students who have completed their class 12th and now they are preparing for further studies such as UG, PG, and others. After getting registration, students will be able to get a scholarship amount transferred in the mode of DBT through the use of the PFMS System.

Another objective of launching the Indian Oil Academic Scholarship is to provide scholarships and incentives to students who want to pursue professional or non-professional courses in their bachelor’s degree for which they require financial assistance. To them, the government will start providing socio-economic welfare and this will increase the active participation of such students.

IOCL Scholarship Timelines

The timelines of this scholarship are as follows:-

Allotted Beneficiary Categories

the following allotted beneficiary categories will be considered eligible for application:-

• SC
• ST
• OBC
• PWD
• General 

Central Govt Scholarships

Age Limit

The beneficiary who is going to apply for this scholarship will need to make sure that the age limit possessed by them is as per the age limit or group that has been specified by the selection body which means the applicant must be falling under the age group of 15 to 30 years. This age limit will have to be attained by the eligible students or beneficiaries.

Category Wise Age Relaxation

The age relaxation reserved for each beneficiary category are as follows:-

Category Wise Scholarship Amount 

The category-wise scholarship amount details are as follows:- 

Eligible Streams

The following fields will be considered eligible for undertaking in the UG degree:-

• ITI
• Medical
• Business
• Engineering

Stream Wise Scholarship Amount 

The stream-wise scholarship amount details are as follows:- 

Stream Wise Scholarship Duration 

The stream-wise scholarship duration details are as follows:- 

Category Wise Minimum Marks Cut Off 

The category-wise marks details are as follows:- 

IOCL Scholarship Reservation 

The details of the scholarship reservation are as follows:- 

Important Information 

Some of the important information issued by the government is as follows:- 

• Students will be selected based on their merit performance. 
• Application forms submitted by the students may get rejected in case the student have filled in incorrect details and entries. 
• Students will need to link their aadhar card numbers with their bank account numbers. 
• NEFT mode will be adopted for the transfer of scholarship amounts to the bank account of eligible beneficiaries. 

Annual Income Limit

The course of study or degree undertaken by the student will not only be sufficient for the student to get the scholarship amount. The student will also possess the annual income limit which has been fixed by the selection body. The annual income limit of the eligible beneficiary must be equal to Rs. 1,00,000/-.

Zone Wise Distribution

The scholarship amount will be given to the students on the basis of zones distributed as per follows:-

Zone Wise Covered States

The states covered in each zone are as follows:-

Confirmation of Online Application Submission

At the time of applying online to the portal, the students will need to note down their registration no so that in the future time they will also be able to log in to the portal. It doesn’t mean that their login details will not get sent in their submitted email and phone no. Students will also be able to receive the confirmation of getting login to the portal in their email Id and mobile no.

Facilitation of Bonus Prize

There will also be facilitation of bonus prizes that will be provided to the students on the basis of their merit performance. The bonus prize will be provided to the students in a lump-sum amount. An amount of Rs. 10,000/- will be provided to the selected or shortlisted students in the form of a bonus prize. Only toppers will be given an invitation to get these bonus prizes.

Financial Support

The IOCL Scholarship program offers financial assistance to students from various categories, including SC/ST, OBC, and General. The scholarship covers the cost of tuition fees, accommodation, books, and other educational expenses. This financial support ensures that deserving students can focus on their studies and excel academically.

Merit-Based Selection

The IOCL Scholarship program follows a merit-based selection process, where students are selected based on their academic performance. The selection committee considers the student’s academic records, achievements, and potential for future success. This approach ensures that scholarships are awarded to deserving students who have demonstrated exceptional academic abilities.

Inclusive Approach

IOCL believes in promoting inclusivity and equal opportunities for all students. The scholarship program is open to students from all states and union territories in India. Regardless of their background or location, students can apply for the IOCL Scholarship and avail the benefits of this program. This inclusive approach ensures that students from all walks of life have access to the financial support they need to pursue higher education.

Easy Application Process

The IOCL Scholarship program has a simple and user-friendly application process. Students can apply online through the official IOCL website. The application form requires essential details such as personal information, educational qualifications, and income details. Additionally, applicants may need to provide supporting documents such as income certificates, caste certificates, and academic records. The straightforward application process makes it convenient for students to apply for the scholarship without any hassle.

Timely Disbursement

IOCL understands the importance of timely disbursement of funds to students. The scholarship amount is directly transferred to the bank accounts of the selected students. This ensures that students receive the financial support they need in a timely manner, enabling them to meet their educational expenses without any delay.

Benefits Of IOCL Scholarship 2024 

The benefits of this scholarship are as follows:-

• IOCL Scholarship will provide financial sources to the college pursuing students for pursuing professional and professional, medical courses.
• Students falling under the age group of 15 to 30 years will be considered eligible for applying.
• Scholarship seat reservations will be provided to the students belonging to the SC, ST, and OBC categories.
• Financial assistance ranging from 1,000/- to Rs. 3,000/- will be given to the students for undertaking various courses.
• The scholarship duration will be from 2 to 4 years.
• Financial assistance of Rs. 3000/- will be provided to the students for undertaking MBBS and MBA degrees, and technical courses.
• Scholarship renewal is possible if the student has secured at least 50% to 65% marks in the previous year’s exam.
• This scholarship amount will cover the major allowances.
• There will be a need to apply online under the IOCL Scholarship before the last date.
• 49.5% of seats will be reserved for providing scholarships to students falling under underprivileged communities or sections.

Features Of Indian Oil Educational Scholarship 2024 

The features of this scholarship are as follows:- 

• Indian Oil Corporation Limited has launched the IOCL Scholarship.
• Students belonging to the categories of PWD, SC, ST, OBC, and General will be given scholarship reservations.
• An amount of scholarship of Rs. 1,000 will be given to the students pursuing ITI courses from recognized universities. 
• Students who have enrolled in the Engineering courses will be given a scholarship amount of Rs. 3,000/- for 4 years. 
• Students will need to secure 60% to 65% of the minimum marks in the previous year’s examination for getting a scholarship renewal. 
• The student must belong to the beneficiary categories such as SC, ST, OBC, and PWD.
• Variable scholarship amounts will be given on the basis of the course or degree selected by the student.
• 25% seat scholarship reservation will be given to the PWD girl student or candidate.
• There will be a need to apply online under the IOCL Scholarship before the last date of online form submission.
• PWD boy students will be given a 40% scholarship seat reservation.

IOCL Scholarship Eligibility Criteria 

The applicants will need to possess the mentioned-below points for getting online registration under Indian Oil Educational Scholarship:- 

• The applicant must be a student of citizenship in India.
• The student must belong to the categories of SC, ST, OBC, PWD, and General. 
• Students must be pursuing ITI, 10th or 12th class, MBBS, MBA, or Engineering from a recognized university. 
• Students pursuing professional courses in their Bachelor’s degree will also be considered eligible for getting scholarships. 
• Students will need to secure 60% to 65% of the minimum marks in their previous year’s examination. 
• The minimum age of the student must be 15 years and the maximum age must be equal to 30 years. 
• The annual income of the applicant must be equal to Rs. 1 lakh. 

Important Documents 

Some of the important documents to apply online under the Indian Oil Scholarship are as follows:- 

• Aadhar Card
• DOB certificate 
• Annual Income Certificate
• Latest Passport Size Photograph 
• PAN Card photocopy 
• Bank accounts details 
• Educational Certificates 
• Fee Receipt 
• Caste Certificate in case the student belongs to the SC/ST/OBC category 
• Disability Certificate for PWDs
• Active Mobile number for receiving OTPs 
• Working Email Id for future reference 

Process To Apply Online Under IOCL Scholarship 2024

The applicants will need to follow the mentioned below points for getting online registration under this scholarship:- 

• First of all, you will need to visit the Official Website.

• Now you will get land on the homepage. 
• On the homepage click on the menu bar. 
• Click on the drop-down to IndianOil For You.
• Now click on the IndianOil For Society Dropdown. 
• Click on the IndianOil Academic Scholarships dropdown. 
• Then click on the link to Overview.

• Relevant details will get displayed on your screen.
• Go through the details and then follow the instructions mentioned in it. 
• After that, you will be able to get registered on the portal. 

Viewing Annual Reports

The applicants will need to follow the below-mentioned points to view annual reports:-

• Visit the official website first.
• Now you will get land on the homepage.
• Click on the Menu Bar.
• The options will get displayed on the left-hand side screen.
• Click on the About Us section.
• Now click on the Annual Reports section.
• The links to various annual reports will get displayed.
• Click on any one as per your choice.

Reading About IOCL Details

The applicants will need to follow the below-mentioned points to read the about details:

• Visit the official website first.
• Now you will get land on the homepage.
• Click on the Menu Bar.
• The options will get displayed on the left-hand side screen.
• Click on the About Us section.
• Then click on the Who We Are button.
• Click on the link to About IndianOil.

• The relevant details will get displayed on your screen.

Getting Contact Details 

The applicants will need to follow the mentioned below points for getting contact details on the portal:-

• Visit the official website first.
• On the homepage click on the menu bar. 
• Now click on the We Are Listening Drop Down.
• Then click on the link to Contact Us.

• After that, the relevant contact details will get displayed on your screen. 
• Go through the details mentioned on this new page. 

Contact Information 

In case any queries and questions come to your mind regarding the IOCL Scholarship, then you may contact this mentioned office address, toll-free number, and email Id:- 

• Office Address:- 
  • Sify Technologies Limited
  • (IOCL ESS I-TEST DIVISION)
  • Plot No B 7, Sector-132,
  • Noida-201301 (Uttar Pradesh)
• Toll-Free Number:- 1800-2333-555
• Email Id: – iocless@sifyitest.com