M-Scholarship 2018 for Excellent Students from Poor Families

Last Modified: 19 May 2024

Magma Fincorp’s M-Scholarship programme is for the benefit of meritorious students belonging to financially weak families. Class 12th pass outs with a score of 80% and above can apply for it. The initiative first took place in 2015, and since then it has been helping outstanding students in completing their undergraduate studies.

The last date to apply is 15th August 2018.

M-Scholarship: Quick Overview

Deadline 15 Aug 2018
Class / Course Undergraduates
Scholarship Type Under Graduate
Awarded Amount ₹ 20,000 - ₹ 50,000 per annum
Age Limit 15 - 20 Years
Gender All
Religion All
State All
Country India
Apply Now Click here

About Magma Fincorp

  • Established in 1988, Magma Fincorp goes by the single goal of “Investing in smallest dreams”. It has been in business for 28 years now and has helped about a million customers to evolve.
  • It has 297 branches spread in around 22 countries.
  • The M-Scholarship or the M-Scholar program comes under the Corporate Social Responsibility (CSR) activities of the company.  

Eligibility Criteria

An applicant will be eligible if he/she meets the following criteria:-

  • Must be a citizen of India.
  • Maximum age – 20 Years as on 15th August 2018.
  • A minimum score of 80% (Arts) and 85% (Science/Commerce) in Class 12th board exam (CBSE, ISC, KV)
  • Monthly family income of less than ₹ 10,000.

Benefits under the Scholarship

  • Selected candidates receive the financial help of ₹ 20,000 - ₹ 50,000 per annum.
  • This year Magma will help 100 meritorious students under its newly launched program “M-Scholar”.

Duration of the Scholarship

  • The duration of the programme is 3 years.
  • The scholarship is renewed every year after verifying the grades in annual examination.

How to Apply

Essential Documents

  • Class 12th mark sheet
  • Annual family income certificate
  • Character certificate from the school
  • Copy of Aadhar card
  • 2 Recent Passport-size Photographs
  • Admission Proof
  • Cancelled cheque
  • Self-written application letter explaining why you need the scholarship

Selection Criteria

The following factors related to the candidate are checked before making the final selection: -

  • Eligibility
  • Academic Record
  • Financial Background

Need for the scholarship (as written in the application letter)