The Scholarship shall be awarded annually to a student who passes all credit courses offered, and also secures highest average mark (not less that 60%) over ECN 1001 and ECN 1002.

The Scholarship shall be awarded to the student who obtains the highest average mark (not less that 65%) over ECN 1001 and ECN 1002, provided he/she meets the following additional criteria:,
(i) Enrollment for the Special Degree in Economics,
(ii) A minimum grade of C+ in at least one other main subjest,
(iii) Grades not below 'C-' in all the other subjects.
For the continuation of the scholarship beyond the student's second year, the scholar should have a GPA of 2.3 or more in courses completed during his/her second year. the Scholarship shall be tanable for three years only.