Lore India Foundation Launches National Scholarship Program worth Rs 55 mn for school students

Updated: Jul 16 2014, 19:08pm hrs
Lore India Foundation Scholarship Trust today announced the launch of a 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 nations 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 byTata 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 renowned academicians. 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.

LATis devised to test a childs aptitude or innate brain power as opposed to their academic learning.The National Scholarship Program is guided by TCS and a stellar body of academic stalwarts that constitute Lore India Foundations 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 enrol 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 Scholars 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 the award.

Administered in English and Hindi, the LAT will assess the candidate's aptitude and not the extent of knowledge in subjects.The emphasis will be on analytical and logical reasoning, reading comprehension and puzzles. The key differentiator between this and other scholarships is that, here, the quality of education a student has received so far does not become an overriding factor in identifying the brightest candidate.LAT, in fact, is designed to provide a level playing field for students to compete irrespective of their socio-economic status, geography or educational background. The focus in on the childs merit and merit alone.

In order to avail of this opportunity, students will have to apply online on

​ ​http://lorefoundation.org. Registrations open on July 14, 2014. The registered students will then have to appear for LAT.

Explaining the need for the LAT and the scholarship program, Prof. Seyed E. Hasnain (Padma Shri), Professor, IIT-Delhisays, 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.

Furtheremphasizing 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 saysOur 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.

Highlights

All students of Classes X, XI & XII are eligible, pan India.

The Learning Aptitude Test (LAT) to identify the most meritorious students.

Career guidance and mentoring by Governance Council.

Test to be conducted in English and Hindi

NOTE: Press Release