1.0 Introduction.
With a view to encourage Executives to upgrade their professional knowledge matching with the requirements of the Company, a Scheme for Sponsoring Executives to MBA/ PG/ M. Tech. MS (Tech.) Programme(s) in respective discipline/ stream relevant to the business of Power Sector Industry, from empanelled Institutions is being introduced w.e.f. 18.05.2004. The list of empanelled institutions is at Annexure-A.

2.0 Scope.
This will apply to the regular Executives of the Corporation, excluding deputationists, lien holders etc & who have completed at least 5 years of regular service in the company and would not be superannuating within 7 years from the date of admission to the course.

3.0 Eligibility.
3.1 The Executive should have completed minimum 5 years regular service, as an Executive, in SJVN to be reckoned from his date of joining SJVN/ promotion as an Executive, whichever is applicable.

3.2 The Executive should have minimum 5 years service left after completion of the course.

3.3 Eligibility will further be guided under the terms and conditions stipulated by the Institution imparting training.

3.4 No Executive will be eligible for sponsoring, if any, Vigilance/Disciplinary case is pending/being contemplated against him/ her or latest AAR is rated less than good.

4.0 Procedure for Sponsoring.
4.1 Interested Executives will apply, as and when, course curriculum/ prospectus is circulated by Corporate HR Group.

4.2 The application should be duly recommended by HOD not below the rank of DGM who would record the reasons for recommending and also certify that during the period of training no replacement is required.

4.3 Concerned HR Group will examine the application and forward its recommendations to Corporate HR Group. Corporate HR Group will further seek approval of the Competent Authority and send his nomination with due intimation to concerned P&A (Establishment Group).

5.0 Sanctioning Authority for sponsoring of Executives:
CMD/ Director (P) will be Competent to accord the approval for sponsoring of Executives for this particular training.

6.0 Execution of Bond:
6.1 The Executive will be required to execute a Bond immediately before proceeding on training, to serve the Company for a period of five years after completion of the course.

6.2 In case the Executive leaves the services of the Company during the period of training itself, the entire bond amount will be recoverable from him. The entitlement of Gratuity & Provident Fund in such cases will be dealt with in accordance with the rules of the Company from time to time.

6.3 If, however, the Executive leaves the service of the Company during the bond period, the bond amount will be payable by him, as per the Rules of the Corporation, in vogue from time to time. If he joins another Public Sector undertaking/Government Service with the Corporation’s concurrence, the Bond may be considered for transfer if mutually agreed between the two organizations.

7.0 Payment Terms:
7.1 The Executive will be treated as ‘On Duty’, and temporarily posted at the place where he/she is sponsored for undergoing the professional course. He/ She in addition to his/her usual salary & Perks will be entitled to:-

1. Course fee
2. Expenditure towards books, stationary and Projects up to a maximum of Rs. 10,000/- per annum.
3. TA/DA as applicable in case of temporary transfer. In addition to TA/DA for attending interview/ written test as per SJVN TA/ DA rules.

7.2 Executive will have the liberty to keep his spouse and dependent children at a place of his choice. For shifting the family TA/ DA will be payable as per SJVN TA/ DA Rules. The entitlement for HRA, Lease and Company Accommodation shall be restricted to the place of posting of the Executive before proceeding on training.

8.0 Conduct during the training:
8.1 Executive is required to observe the Service and CDA Rules of the Corporation. However, he/ she will not be eligible for forwarding of application for employment/ deputation outside under the Service Rules during period of training and currency of the bond.

9.0 Effect of study period on Promotion, Seniority and other benefits during the study period:
9.1 The executive shall be considered for promotion during the training period. The period shall also be considered for determining eligibility for promotion.

9.2 The institution will issue a certificate or award degree in respect of each Executive that he/ she has successfully completed the programme. If an Executive fails to acquire such certificates/degree from the institution, period of training will not be reckoned for the purpose of eligibility for next immediate promotion.

10.0 Taking assignment from out side:
10.1 During the training period the Executive shall not take any employment/assignment except required for training purpose, without prior approval of the Competent Authority. The earning from the assignment, if any, will only be allowed after specific approval in this regard of the competent authority.

11.0 Number of Executives to be sponsored:
Two Executives in a calendar year shall be nominated under this scheme.

12.0 Interpretation of the Rules.
CMD/D (P) shall be Competent to approve any interpretation required under these Rules and their decision shall be final and binding