Finance
Scholarships to help finance your study abroad: A country-wise guide
Scholarships can cover tuition fees, living expenses, travel costs, and other related expenditures, significantly reducing the financial burden on students and their families. This support allows students to focus on their studies and fully immerse themselves in the educational experience. Beyond the financial assistance, scholarships can also offer mentorship, internships, and networking opportunities, providing a well-rounded experience that extends beyond the classroom.
Here’s a country-by-country break up of all the scholarships available to you
Scholarships to study in the United States
Indians seeking scholarships to study in the United States have various options to consider. Many prestigious programs offer financial assistance to international students, including Indians, providing opportunities to study at renowned American universities.
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Here are some notable scholarships specifically available for Indian students to study in the US:
1. Fulbright-Nehru Scholarships
The Fulbright-Nehru program is one of the most prominent scholarship opportunities for Indian students. It provides funding for various academic pursuits, including Master’s degrees, doctoral research, and post-doctoral research. The scholarship covers tuition, airfare, living expenses, and other related costs.Here are all the details2. Tata Scholarship for Cornell University
This scholarship is for Indian undergraduate students seeking admission to Cornell University. Funded by the Tata Education and Development Trust, it aims to support Indian students who demonstrate financial need and are admitted to undergraduate programs at Cornell.
Here are all the details
3. S.N. Bose Scholars Program
This program offers Indian students pursuing science and engineering a chance to study and conduct research in the United States. It is designed for Indian students enrolled in Bachelor’s or Master’s programs in India and seeking research internships at select American universities.
Here are all the details
4. The Stanford Reliance Dhirubhai Fellowship
This fellowship is for Indian students who wish to pursue an MBA at Stanford Graduate School of Business. It provides financial support to candidates from India with the potential to become leaders in the business sector. The fellowship is highly competitive and covers tuition and associated fees for the two-year program.
Here are all the details
5. Inlaks Shivdasani Foundation Scholarships
The Inlaks Foundation offers scholarships to Indian students to pursue graduate studies in the United States. The scholarships support various fields, including fine arts, architecture, applied sciences, and humanities. The award covers tuition, travel, and living expenses.
Here are all the details
Scholarships to study in the United Kingdom
Studying in the UK is a sought-after goal for many Indian students, but it can be costly. Fortunately, there are several scholarships available to help cover the costs of tuition and living expenses. Here’s an overview of some prominent scholarships available for Indian students to study in the UK:
1. Chevening Scholarships
A prestigious program funded by the UK government, Chevening Scholarships are awarded to outstanding students from around the world, including India, for postgraduate study in any subject. They cover tuition fees, a living allowance, travel costs, and more.
Here are the details
2. Commonwealth Scholarships
These scholarships are aimed at students from Commonwealth countries, including India, who wish to pursue master’s or PhD programs in the UK. They cover tuition fees, airfare, and a living allowance.
Here are the detais
3. Great Scholarships
Offered by the British Council, these scholarships are available to Indian students for postgraduate studies in the UK. They are funded by the UK government and various UK universities, providing a specific amount towards tuition fees.
Here are the details
4. Felix Scholarships
Available to Indian students pursuing postgraduate studies at selected UK universities, Felix Scholarships cover tuition fees and provide a stipend for living expenses. They are awarded to academically outstanding students with limited financial resources.
Here are the details
5. Charles Wallace India Trust Scholarships
These scholarships support Indian professionals in the arts, heritage conservation, and humanities for short-term study and research in the UK. They typically cover travel costs, accommodation, and a living allowance.
Here are the details
6. Rhodes Scholarships
One of the most prestigious scholarships, Rhodes Scholarships are awarded to exceptional students from various countries, including India, to study at the University of Oxford. They cover tuition fees, a living allowance, and other expenses.
Here are the details
7. Inlaks Shivdasani Foundation Scholarships
These scholarships are available to Indian students pursuing postgraduate studies in the UK in fields such as fine arts, design, architecture, theatre, and music. They typically cover tuition fees and provide a stipend for living expenses.
Here are the details
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“The release of the Hong Kong Taxonomy for Sustainable Finance marks a key milestone for Hong Kong’s sustainable finance landscape,” Eddie Yue Wai-man, CEO of HKMA, said in a statement on Friday.
“By providing a common language and framework for sustainable finance, we are equipping market participants with an important tool to make informed decisions, drive impactful cross-border investments and contribute to global efforts in combating climate change.”
The taxonomy covers 12 economic activities under four sectors: energy, transport, construction, and water and waste management.
Having a taxonomy is important to prevent “greenwashing”, the act of making unsubstantiated claims about the environmental benefits of a product or practice.
The HKMA plans to expand the taxonomy soon to cover other sectors like retail and services, said Arthur Yuen Kwok-hang, deputy CEO of HKMA, who added that the authority had received positive feedback following market consultations last May on preparing the taxonomy.
“We encourage the financial sector to use the taxonomy to assess the greenness of projects when they decide to make green loans to these companies,” Yuen said at a media briefing on Friday.
“A green taxonomy is an integral part of the green finance ecosystem. It enables investors to look for green investment opportunities and make informed decisions, thus easing the mainstreaming of sustainable finance flows.”
The taxonomy has adopted local elements such as listing out Hong Kong certifications and standards that could be used to prove the buildings or operations are environmentally friendly and also are in line with guidelines issued by mainland China and the EU.
“This will help companies operating in mainland China and Europe to consider borrowing green loans or raising green bonds in Hong Kong,” Yuen said, noting that Asia alone will require US$66 trillion in climate investments over the next 30 years.
“Addressing climate change requires the support of the financial industry, which in turn will bring about enormous opportunities,” he said. “Hong Kong, which is an international financial centre, is the ideal capital market to support these green financing activities.”
Investments on such a massive scale are needed to meet the global aim of containing global warming within 1.5 degrees Celsius of pre-industrial levels and avoid the worst effects of extreme climate events. Last year was the warmest year on record, according to the World Meteorological Organization.
“Extreme weather is clear evidence of accelerating climate change and a reminder for an urgent need for decarbonisation,” Yuen said.
02:01
What is climate finance, and why is it crucial to the global energy transition?
What is climate finance, and why is it crucial to the global energy transition?
The Hong Kong government’s decision to extend the US$100 billion Green and Sustainable Finance Grant Scheme for another three years will cover transition bonds and loans for companies to upgrade their equipment to save energy and cut down on pollution.
The move was announced by Financial Secretary Paul Chan Mo-po in his budget speech in February. The current scheme expires on May 10.
“The scheme will encourage more companies and industries in the region to make use of Hong Kong’s financing platform as they move towards decarbonisation,” Yuen said.
Separately, the HKMA will soon launch a cloud-based platform for banks to assess the potential impact of physical risks on residential and commercial buildings in Hong Kong under different climate scenarios, such as flooding and typhoons.
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