A scheme known as RBI Young Scholars Award Scheme has been introduced by Reserve Bank of India. The aim behind this award is to motivate the youth and develop awareness regarding the banking segment of India.
Under the scheme, about 150 young scholars will be chosen on the basis of a competitive exam and would be offered the scholarship.
The exam will focus chiefly on role and workings of RBI and the working of the Indian banking sector. It will be held in English and all the main regional languages.
The candidates who pass the exam will be awarded projects in chosen RBI offices for 2 – 3 months. They will receive a stipend of Rs 7,500 each month while completing project. Also boarding and lodging amenities would be offered to the outstation candidates.
The exam can be taken by all students in the ages of 18 – 23 who are presently undergoing graduation course at any authorized university.