Lore India Foundation launches National Scholarship Program worth Rs 55 million
Lore India Foundation Scholarship Trust today announced the launch of a pioneering scholarship program that will identify, assess, reward and mentor the brightest young minds in India. The program is open to school students from classes X, XI and XII from across India and is the nation's largest scholarship program and national benchmarking initiative.
More than 100 of the most brilliant
students will be identified through a scientifically evolved Learning
Aptitude Test (LAT), designed by Tata Consultancy Services (TCS) with
the help of acclaimed education scientists. Qualifying students will
receive cash scholarships from a generous corpus of Rs. 55 million
and also benefit from valuable mentoring and coaching provided by
Once selected, the Scholars will
undergo a comprehensive interest schedule/psychometric analysis to
gain insights that will allow experts to provide them effective
guidance in their educational careers.
The National Scholarship Program is
guided by TCS and a stellar body of academic stalwarts that
constitute Lore India Foundation's Governing Council, including
both current and retired professors from the Indian Institute of
Technology (IIT), Indian Institute of Management (IIM), Indian School
of Business (ISB), Medical Council of India and University Grants
Commission (UGC), among others.
The Lore India Foundation Scholarship
Trust believes that every student must have an opportunity to pursue
her/his dream career and enroll in academic courses of her/his
choice. The Undergraduate Scholarship endowments can be used by
Scholars to pursue higher education in any discipline.
It can be also
used to prepare for coaching required for entrance exams to get
admission to a program of the Scholar's choice. The scholarship
amount is set up as an interest generating trust fund available to
the Scholar to draw upon for a period of seven years from the date of
Explaining the need for the LAT and the scholarship program, Prof. Seyed E. Hasnain (Padma Shri), Professor, IIT-Delhi says, "In the context of the current education system, we believe that the scholarships will bring in immense parity amongst students from across different states and Boards. Currently, there is a very clear disconnect between the marks scored in the State Boards that account for 95 percent of students vs. the Central Boards that account for the balance 5 percent only."
Further emphasizing this point, Prof. Hasnain added, "The State Boards are much more stringent about marking than the Central Boards, leading to a completely skewed evaluation system that, by no means, reflects the academic aptitude or merit of the child. This leaves a vast majority of the student population of our country relatively disadvantaged. LAT is a brave, new and different way of evaluating the academic competence of children today that will help circumvent this gap."
Speaking about the philosophy behind the LAT system Mr. Venguswamy Ramaswamy, Director Tata Consultancy Services, Global Head TCS Ion says "Our focus is to deliver an assessment that can give a level-playing field to all students irrespective of their social, economic backgrounds, gender, exposure to rural or urban schools and their current academic levels in subject domains. We use a powerful set of tools and technologies that ensures an accurate assessment of the students' academic aptitude"
This Scholarship Program comes with another unique feature to help promote quality learning infrastructure at school levels. This includes a Rewards and Recognitions Program for Schools to enable them to fund meritorious students from disadvantaged backgrounds, improve school infrastructure and acquire new technology
and learning tools for a complete classroom experience. Schools shall be ranked based on the performance of their students in LAT. The top 3 schools in the country shall receive monetary awards of Rs. 25 Lac, Rs. 15 Lac and Rs. 10 Lac respectively. About Learning Aptitude Test
The LAT as a testing platform has been devised after extensive research by TCS with the help of acclaimed education scientists.
The Governing Council of the Lore India Foundation has played an instrumental role in designing and delivering LAT. This stellar body comprises academic stalwarts, such as:
Prof. Seyed E. Hasnain (Padma Shri), Professor, IIT- Delhi;Dr. Hari Gautam, Former Chairman, UGC; President, MGUMST, Jaipur;Dr. S. B. Siwach, Chairman, Post Graduate Committee, Medical Council of India;Prof. Ranbir Singh, Vice-Chancellor, National Law University, Delhi;Prof. (Dr.) Prem Vrat, Former Director, IIT-Roorkee; Pro-Chancellor, ITM University;Prof. Biju Paul Abraham Professor, IIM Calcutta; VP, Shastri Indo-Canadian Institute;Mr. Deepak Chandra, Deputy Dean, ISB, HyderabadProf. (Dr.) V. Vijayakumar, Professor & UNHCR Chair on Refugee Law, National Law School of India University, Bangalore.
The Lore India Foundation Scholarship Trust is a social entrepreneurial venture initiated by the Lore India Foundation Pvt. Ltd. The fund has been incorporated as a response to a huge need in India for a mentorship program backed by financial aid to bring brilliant yet academically underprivileged students from across India at par with the best, in accessing higher educational opportunities. In addition to this current Scholarship Program through LAT for school students, plans are in pipeline for a similarly generous scholarship program for college students, to be selected through an Advanced Learning Aptitude Test (ALAT).
Initially seeded by Lore India Foundation Pvt. Ltd, the fund corpus is built on a sustainability model generating and expanding its own corpus to help grow the number of scholarship beneficiaries year after year. It also hopes to build a powerful alumni, mentor and Scholar community that can form an influential network to promote the goals of this innovative educational-social movement!