This scholarship has been introduced by the management of St. Vincent's Convent Sr. Sec. School, Balasore to perpetuate the loving memory of Late Bishop Simon Kaipuram, the second Bishop of the Roman Catholic Diocese of Balasore, who left for the heavenly abode on 22nd April 2019. He was very loving and compassionate towards children, the poor and the downtrodden. This scholarship consists of an annual interest of Rs. 50000/-. It will be awarded to brilliant students of STD X and STD XII of each academic year, who excel in board exams.