IAAMJV-USA offers three loan scholarship programs aimed at helping deserving Jain students irrespective of their sect or region. All application material and information (required for the students/applicant) for the Loan Scholarship programs is available on the web, IAAMJV.org. The student for the award is selected based on a set of norms and the approval process. The awardees are required to return their loan scholarships and have done so in many cases, making more funds available for current and future needy students.
All loan scholarships are interest-free and awarded under the following categories:
(1) Loan Scholarship for Graduates from India Studying for Master Program in USA (called LSGI Program)
- Under this program, IAAMJV offers loan scholarships of $5,000 to bright and needy Jain students coming from India for higher studies at graduate/higher study institutions in the USA.
- We have increased an interest-free loan amount ($) twice in the last 6 years from $2,000 to $3,000 and currently to $5,000 from the year 2020. Every year, up to 50 to 70 students are awarded this loan scholarship.
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(2) Loan Scholarship Program for Undergraduate Students Residing in India (called LSUI Program)
- Under this program, IAAMJV offers loan scholarships or grants ranging from Rs. 25,000 to Rs. 50,000 to bright and needy, Jain graduate college students in India. Now the program is extended to postgraduate students too. Every year, up to 50 to 80 students are awarded this loan scholarship or scholarship. The program is operated through IAAMJV Trust, Amdavad
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(3) High School Seniors/College Undergraduates Residing in the United States (called CEL Program)
- Under this program, IAAMJV offers a total of loan scholarships of $10,000, with $5,000 for 1st year, $3,000 for 2nd year, and $2,000 for the 3rd year of to high school Jain seniors, who are graduated from American secondary institutions and are preparing to go to college.
- The program is extended to grant loan scholarships to students who are in 2nd or 3rd year of college and might have missed applying or did not apply previously (during their 1st year).
- This program was available for Green Card Holders and US Citizen students only but it is expanded to include Jain undergraduate students having students visa, and parents having H1 or similar visas.
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