The Scheme is called ‘Vel Tech Mahatma Gandhi National Merit Scholarships’. The Scholarships were instituted by Dr.R.Rangarajan, Chancellor of the University with an objective to promote national integration among the youth and to provide access to higher technical education to meritorious students without any bar.
The University had announced 100% waiver of tuition fees, boarding and lodging amounting to about Rs.5 crores per student for 4 years to top 3 students from each State and one top student from each Union Territory among those joining the University. The top 100 students, who secured more than 90% in their +2 examinations were awarded 50% scholarship. ‘The Hindu’ also co-sponsored 50% scholarship for top 25 students securing more than 85%. The Bennett, Coleman & Company Limited also had co-sponsored 15 scholarships in this category. In all roughly one out of every 4 students could have access to the scholarship provided by the University.
On 18.10.2011, the Mahatma Gandhi National Level Merit Scholarships for an amount of Rs.7 Crores was distributed to the students by the Honourable Governor of Tamilnadu Dr.K.Rosaiah.
The industries will get solution to their problems, the students will gain hands on experience in solving problems and the universities can get funds. The quality of education depended upon infrastructure, laboratory and library facilities, while the most important factor was the faculty. The Government has accepted the UGC recommended scales of pay with an objective to attract and retain talent in Education sector. Non it is the term of the faculty to discharge their responsibility in capacity building in Knowledge Resource.
The Governor congratulated Prof.Dr.Rangarajan for his excellent service to society in providing quality education.