It has been established by reserve bank of India in honour of prof. K n raj for rendering outstanding services by contributing to the economic development of the nation.
The scheme will facilitate research scholars from domestic/abroad to engage in research activities for short term in identified academic institutions in india.
The eligibility criteria for the scheme are as follows:
Distinguished scholars in the field of social sciences from reputed domestic/ international universities/ research institutions (indian or foreign nationals).
Scholars having outstanding professional contributions including publication of papers/ articles in leading international journals.
Scholars sponsored by reputed domestic/international universities/research institutions fulfilling the eligibility criteria.
One business class return air fare from place of working to the identified academic institution in india.
The selected scholar will firm up the research topic in consultation with reserve bank of india.
The selected scholar will have to adhere to the time frame committed to the reserve bank under the scheme.
The scholar on completion of the study should make a seminar presentation at rbi, mumbai.
The reserve bank reserves the first right to publish the paper as web publication in the rbi website.
Both the reserve bank and the scholar will have the copyright over the study.
A lump sum of rs.15 lakh to cover all expenses including honorarium, accommodation, boarding, incidental etc.
The duration of the scheme will be for a period of three months but could be spread across a period of six months in order to give flexibility to the scholar.