Reserve Bank of India Scholarship Scheme for Faculty Members

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Reserve Bank of India Scholarship Scheme for Faculty Members

Areas of Study :
Monetary and Financial Economics, Banking, Real Sector Issues and other areas of interest to the Reserve Bank
Level :
Research Level
Scholarship Funded by :
Reserve Bank of India (RBI)
Provided to :
Full-time faculty members, teaching economics or finance in any recognized Universities/Colleges in India

The Reserve Bank of India (RBI) offers Reserve Bank of India Scholarship Scheme for full-time faculty members teaching economics or finance in any University Grants Commission (UGC) or All India Council for Technical Education (AICTE) recognized Universities/ Colleges in India to undertake short term research in the areas of monetary and financial economics, banking, real sector issues and other areas of interest to the Reserve Bank.

The main Objectives of the Scheme are :
(i) To increase awareness about the activities of the Reserve Bank among faculty members and student community, and
(ii) To provide exposure to faculty members teaching economics and/or finance in different areas/activities in the Reserve Bank

Duration of the Project: Maximum three months

Study Subject: Monetary and Financial economics, banking, real sector issues and other areas of interest to the Reserve Bank

Scholarships Provided

A maximum of five scholarships would be provided to selected scholars. The Reserve Bank, at its discretion, may vary the number of scholarships for any year.

Scholarship covers :

Restricted economy class domestic airfare ticket during visits to RBI Central Office, Mumbai from place of residence/work in India.
Monthly allowance of ₹ 25,000/- (Rupees twenty five thousand only) to be paid for the duration of the project (not more than three months).
In addition to the monthly remuneration, on completion of the Project/ Research paper and on acceptance of the same by RBI, payment of ₹ 1 lakh as honorarium would be made.

Note: No accommodation or allowance for accommodation will be provided during the period of scholarship.

Eligibility Criteria

The applicants :
- must be an Indian citizen.
- Full-time faculty teaching economics and/or finance in any UGC-recognized Universities/Colleges in India

Age below 55 years

How to Apply

The application in hard copy may be forwarded to "The Director, Development Research Group, Department of Economic and Policy Research, 7th Floor, Central Office Building, Reserve Bank of India, Fort, Mumbai-400001". The application should be sent along with detailed curriculum vitae and the research proposal. The soft version of application (in addition to hard copy) and/or any queries related to the scheme may be sent to email : deprdrg@rbi.org.in

Selection Procedure

The applicants need to send a research proposal of not more than 1000 words and detailed curriculum vitae along with the duly filled in application form. The candidates will be shortlisted on the basis of the research proposal and curriculum vitae. The shortlisted candidates will then be interviewed by a selection panel . The candidates found suitable would be invited to undertake research on the theme decided by the Reserve Bank . Incomplete application/application received after the due date will not be considered for short listing.

The selected scholar will have the following responsibilities:

The scholar would be required to submit a research paper/project report that contributes to RBI research activities.
The scholar should make a presentation of his/her work in a Seminar at Reserve Bank, Mumbai.
The scholar, if he/she desires to publish his/her research work elsewhere, may do so with prior permission of the Reserve Bank.

Guidelines for publishing the research paper outside RBI

After completion of the project and subsequent submission of the final report, if the scholar desires to publish the study outside RBI, the following guidelines are to be followed by the scholar –

The paper should be published with the disclaimer that- “the views expressed in the study/paper are solely of the author and not of Reserve Bank of India”.
In case the scholar wants to acknowledge any names from Reserve Bank of India, it may be done only after seeking prior permission.
The scholar may mention that the project was undertaken as a part of the ‘RBI Scholarship Scheme for Faculty Members of Academic Institutions (write the current year)’.

The said study should not be considered as a ‘RBI funded project’.

For more details, please visit www.rbi.org.in

Contact Details

Reserve Bank of India
India’s Central Bank,
"The Director, Development Research Group,
Department of Economic and Policy Research,
7th Floor, Central Office Building,
Fort, Mumbai-400001
Email : Contact Now
website : opportunities.rbi.org.in

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