The scholarship has been instituted by IMFA in the memory of renowned historian Late Prof
Ghanashyam Dash. It is awarded by the Bansidhar & Ila Panda Foundation to facilitate higher
education in the field of Engineering, Medicine and Liberal Arts at any Govt College or Institution
recognised by the UGC. The Engineering scholarship covers 90% of the academic fee and related expenses for the
entire duration of a 4 years course subject to an annual limit of 1,00,000 (one lakh) per recipient.
Six (6) scholarships will be awarded to meritorious students from economically disadvantaged families
who are permanently domiciled in Odisha; of these, two (2) shall be reserved for children of
permanent employees of the Company and, if there are no suitable applicants, will be open to the
Those applying for the scholarship should not have availed any other financial support at the time of
application or do so subsequently if they are selected. However, there is no restriction on one time
awards although the Scholarship Committee should be informed promptly.
BIPF Eligibility Criteria
Category I (Children of Permanent Employees)
1. This category is open to children of permanent employees of the Company who draw a basic pay of less than ` 8500 per month. In addition, applicants must meet all other criteria as specified in the scheme.
2. The scholarship may be withdrawn in the event the employee (the parent of the student) is dismissed from the services of the Company on disciplinary grounds. However, the final decision in this regard will be taken by the Scholarship Committee at its sole discretion.
Category II (Others)
1. The combined annual income of the parents of the applicants must not exceed 2 lakhs per annum.
2. Preference shall be given to applicants from SC / ST community and those who are physically disadvantaged.