Awards are open to Indian applicants only, who are currently Indian residents and who have a first degree from an Indian Institution. You should meet the entry requirements for a PhD as stated at
http://www.sheffield.ac.uk/international/countries/asia/south-asia/india/entry You should be applying to start your first year of study on a full-time PhD with the University in the 2014-15 academic year (i.e. after 1st August 2014, exact start date to be agreed with your supervisor/department).