Young Scholars Award Scheme 2009 – Reserve Bank of India
RBI Young Scholars Award Scheme 2009-10
Institute Name:
Reserve Bank of India
Website: http://www.rbi.org.in/youngscholars.aspx
About Reserve Bank of India :
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: …to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.”
Details:
Reserve Bank of India (RBI) has launched the Young Scholars Award Scheme 2009-10.RBI conducts a major awareness and sensitization exercise on the role of the Reserve Bank and the banking system across the country to encourage learning about RBI among the youth of the country.This exercise, the ‘RBI Young Scholars Award Scheme’, exposes youngsters to an actual banking and financial environment and inculcates a sense of pride in the selected ones of having had the opportunity to associate themselves with a prestigious organisation, the central bank of the country.A maximum of 150 young scholars would be awarded scholarship by the RBI every year under the scheme. Out of these, a maximum of 50 candidates will be selected through a test conducted in English medium. The rest, up to a maximum number of 100 shall be selected on regional basis through a test conducted in vernacular medium.
The selected All India candidates and the Regional Candidates will be placed at the nearest Regional Office designated for the purpose, depending on the size of the office. The selected candidates will be required to work within the RBI on projects/assignments allocated to them by the respective Regional Director of RBI. They will be expected to complete the same in a reasonable time, subject to a maximum of 3 calendar months.During their stint with the RBI, they will be paid a consolidated monthly stipend of Rs.7500/- per head.Candidates willing to appear for the exam may take help of the material available on RBI Website. More details can be found in the website mentioned.
Eligibility:
1.All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2009 or before and are currently pursuing their undergraduate studies. However, those having enrolled for or having acquired degree(s) higher than graduation will not be eligible. Candidates who have qualified and worked at RBI as a Young Scholar in any of the previous years are not eligible to apply.
2.Open to students in the age group of 18-23 currently pursuing their undergraduate studies in any subject under recognized university.
Entrance Examination:
The entrance exam will be conducted in English, Hindi and 11 other regional languages. The regional languages will be Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil, Telugu and Urdu. The exam will be held at around 100 different locations spread all across the country. The List of Centres is given in this notification
Important Dates:
Last Date for Receipt of Application: October 21, 2009
Test date: January 10, 2010
How to Apply : http://www.rbi.org.in/YoungScholars.aspx
Contact:
Project Coordinator
RBI Young Scholars Award Scheme
Project No. 8709,
Post Box No: 7632
Malad (W), Mumbai- 400 064
For More Information Visit: http://www.rbi.org.in/youngscholars.aspx
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