Magma Fincorp Ltd offers 50 Scholarships to UG Students under the scheme “M-Scholar"

EDUCATION

Magma to offer 

50 Scholarships 

to UG students

 Announces student scholarship scheme “M-Scholar”

Invites applications from meritorious students 

from low income families

by Shrutee K DNS

Mumbai, June’2015:  Every year many meritorious students hailing from poor families are forced to discontinue their higher education due to lack of funds. Keeping alive their motto of ‘investing in the smallest dreams’, Magma Fincorp Ltd., a leading NBFC, has come forward to provide financial assistance in form of scholarships to such students under their scheme “M-Scholar”. Students will be selected on the basis of their academic performance and socio-economic background of their families who are unable to support their children to continue studies. 

Magma is a committed towards inspiring social change and contributing towards healthcare and education for overall social development. It has been a continuous endeavor of Magma to take small but purposeful initiatives to reach out and touch the lives of various sections of the society. 

Applications are invited from eligible students from across the country. Magma has announced to offer “M-Scholar” scholarship of Rs 5000/ per month to 50 (Fifty) meritorious students beginning 2015 for their under-graduate studies. The three year scholarship will be renewable every year on confirmation of grades in annual exams. Magma believes that the scholarship will meet a part of the student’s education and related expenses while pursuing higher studies. 

Scholarship Details:

         50 (Fifty) eligible students will be given the scholarship for three years beginning 2015

         Student must be citizen of India

         Open to all categories - both ‘General’ and ‘Reserved’

         Maximum age of applicant as on 15 August 2015  - 20 years

         Scholarship will be granted to students for 3 year degree 

courses in general stream or professional/ specialized courses

in science, engineering, commerce, business & finance.

         Applicant should have secured minimum 80% marks in school passing out board exam 

(class XII) in their respective state boards

         Students from families having monthly household income of less than Rs. 10,000/-  are eligible to apply for this scheme

Application procedure:

Interested and eligible students can send their  

application to the office of Magma Fincorp Ltd. 

with the following documents:

       Application letter seeking to be enrolled into the scheme

       Attested photocopy of the Class XII mark sheet

       Set of two passport photographs

       Age proof (School certificate/ Admin card)

       Address proof and Identity proof

       Income certificate of parent (MHI must be Rs. 10,000/ or less per month

       College admission proof (for undergraduate course)

       Bank account details

       Character Certificate from School last attended