Foundation for Excellence
Programs



Family Income Criteria

   The income eligibility criteria include the following.  
 
  1. The gross family income criteria are Rs. 1,20,000 per year.
  2. In addition to gross family income, education and occupation of parents and family members and family living conditions will be taken into consideration for determining the financial eligibility of an applicant.
  3. If one child from a family has already completed higher education and has started earning, another child from the same family will not be considered.
  4. Where parents' of applicants are employed, a salary/pay slip from the employer is required. The salary/pay slip should show the family member's gross monthly salary with full details of basic salary, all allowances and deductions. The employer and the facilitator should certify the salary/pay slip. Submission of an Income certificate from a local or other government authority in lieu of a salary/pay slip is not acceptable.
  5. Where parent(s)/guardian(s) are retirees/pensioners, a pension statement from the pension authority and/or from an authorized bank showing the gross monthly pension of the family member, inclusive of any supplementary allowances and before any deductions is required. Pensioners should also provide documents to show the official status or designation, gross salary drawn at the time of retirement and the name of the employing organization. If the parent/guardian has recently retired under a voluntary retirement scheme, reasons for retirement, and amount of lump sum benefits received on retirement should be disclosed. 
  6. Where parent(s)/guardian(s) are in business or self-employed, income certificate issued by any government authority or income tax return should be submitted in support of the gross family income specified in the application. Specific details of the nature and size of the business or self-employment should also be provided.
  7. Where parent(s)/guardian(s) are agriculturists or have farming or cultivation as their source of income, an income certificate from a recognized or competent authority should be submitted   Details of the nature and size of the land holding, crops grown, etc. wet or dry land irrigation should also be provided.