Special schemes -

MAHARASHTRA INSTITUTE OF TECHNOLOGY

Special Schemes

MIT offers students all possible help in getting the required financial aid and assistance. Students may please contact the facilitation centre at the admissions office for guidance on financial aspects.

At MIT we work towards ensuring that all students who apply are given equal opportunities. To do so, we have in place a few schemes to help those students who require financial support to continue their education.   

We believe that education must be inclusive and it the way forward to a brighter future.  

Few deserving students are offered the benefits of this unique earn and learn scheme. Under this scheme, the students are allowed to take up jobs on the campus and then paid some paltry amount to support their education. The student gets some financial relief under such a scheme. Deserving students are identified and recommended by the departments for this scheme. Every year around ten students get benefits under this scheme. 

Five topper students from every class are considered every year as recipients of the unique book bank scheme. Under this particular scheme for toppers, these topper students are issued one set of five books from the library for complete one term (semester) without any charges, which otherwise is a chargeable scheme for all other students. 

Since the last decade that families of farmers from rural areas are facing acute problems due to crop loss on account of continued shortfall of rains or natural calamities like excess rainfall, untimely heavy rains, hailstorms, draughts, etc. Given this grave situation in rural parts of the state, this organization’s management decided to sponsor the education of such distressed children as a social obligation. An appeal was made by the management of this organization to all the district collectors to recommend such cases for their education, especially if it is technical education. Upon recommendation, the institution will make the entire education free to such students, including their lodging and boarding for the whole of the duration of the course. 

Few students pursuing post-graduate courses in different departments are offered teaching assistantship depending upon the department’s requirements. Two students per department are offered this TA, and the respective head of the department makes the selection under the guidelines provided to them. These selected PG students are assigned with academic load comprising of the conduct of practical sessions of UG classes. Remuneration is paid as per the norms of the institution. 

As per the resolution made in the meeting of the Executive Committee of the G.S. Mandal, the management has decided to continue the facility of concession in tuition fees to the wards of the non-teaching staff (employed at various institutes/schools under G.S. Mandal) with the following amendment. This amendment is due to tenure, financial viability, financial health, admission status, and few other critical factors of the respective institutes/schools run by the G.S. Mandal, Aurangabad. This amendment in extending the fees concession facility will be applicable from the academic year 2016-17 till further orders. The wards of the non-teaching staff employed at Institutes under G.S. Mandal, Aurangabad, will be entitled to the concession in tuition fees subject to the following specific terms and conditions. The amount or extent of concession in the tuition fees to be offered will be as below: 

  1. The concession in tuition fees will be either Rs. 24,000/- or 30% of the tuition fees, whichever is minimum per annum in those institutes established in or before the year 2001.
  2. The concession in tuition fees will be either Rs. 18,000/- or 20% of the tuition fees, whichever is minimum per annum in those institutes established after the year 2001 but before the year 2010.
  3. The concession in tuition fees will be either Rs. 15,000/- or 10% of the tuition fees, whichever is minimum per annum in those institutes established after the year 2010 but before the year 2015.

The above concession in tuition fees is extended to only those wards of the non-teaching staff who do not avail of any scholarships or concessions in tuition fees from any Govt. / Non-Govt organizations or any other financial institutions.  

 

It is observed that every year few bright students having a strong inclination and desire to pursue education are forced to leave due to the paucity of financial support from any source. Such students often do not disclose this situation but walk away and seek some odd jobs. In view of the above grim situation, a sincere appeal was made to propose an endowment – a fundraised by pooling contributions willingly from members of our Institutions. It was unanimously decided to create an Endowment Fund. The amount so generated will be exclusively utilized to support the above-mentioned under-privileged young talents—a special committee to channelize this fund’s disbursement to the deserving beneficiaries. Donations and contributions will be accepted and recorded under a separate head in the parent trust accounts, i.e., G.S. Mandal, Aurangabad. This trust, been registered under the Charitable Trust Act, donors may get some relief from the Income Tax, if applicable.