RBI Scholarship Scheme for Faculty Members

The Reserve Bank of India is inviting scholarships for the faculty positions for the year 2014. The full time economics or finance teachers are the faculty members who are the target positions for this scholarship. These scholarships are provided to the full time faculty members who are teaching finance or economics in UGC-recognised universities and colleges in India. The short term research projects help the faculty members

Scholarship Details
The scholarship details are given below. The main goal and the objective of the scholarship is to increase the awareness about the procedures and activities done by the Reserve bank of India for the faculty members and in the student community. Such scholarships make the students and faculty members improve their skills and help them to attain their goals and aspirations. The scholarship involves the areas of research like banking, real sector issues, financial economics and monetary research areas.
Eligibility criteria for the scholarship
The eligibility criteria for the above mentioned scholarship is given as follows.
1.       The faculty should be a full-time faculty position teaching economics and finance.
2.       The faculty should be teaching full-time in any UGC recognised university/college in India.
3.       The faculty should be a citizen of India.
4.       The age of the faculty scholar should be less than 55 years of age.

Total number of scholarships
The total number of scholarships shelled out to the faculty members are three. These scholarships

Duration of the scholarship
The duration of the scholarship and the project is for the 3 months.

Roles and responsibilities for the scholar
The hard copy of the application forms should reach the ‘The Director, Development Research group, Department of economic and policy research, 7th Floor, central Office building, Reserve Bank of India, Fort, Mumbai – 400 001’.
The application is to be sent along with the research proposal and detailed curriculum vitae.

Last date for the project to be submitted
The project is to be submitted within 3 months. The project is meant to be a short-term project assisting faculty members with research facilities and work.

Selection Procedure
The candidates and the applicants must send out a research proposal which is not more than 1000 words and the detailed curriculum vitae to the above mentioned address. The candidates will be selected on the basis of curriculum vitae and the research proposal they have made out to the Reserve bank of India.
The shortlisted candidates are then intimated and are allowed to take up the interview process. The selection panel interviews the candidates and helps RBI to select the best from the shortlisted candidates.

The candidates are then allowed to take up the research positions for the research theme RBI has decided upon.

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