HYDERABAD: Magma Fincorp Ltd has doubled the number of scholarships this year and will offer 100 scholarships across the country in FY18. The BFSI entity started the student scholarship scheme ‘M-Scholar’ in 2015 and has awarded 50 scholarships each year and already has 99 students availing the scheme, which include 39 students from engineering and medical streams.
“Considering the need to reach out to more such meritorious students who are forced to discontinue their students due financial constraints this year we will offer 100 scholarships for their under-grads.
The three-year scholarship will be renewable every year on confirmation of grades in annual exams”, says Kaushik Sinha, Vice President, CSR, Corporate Communications & Admin. Students will be selected based on their academic performance and economic background.
Scholarship Details
100 eligible students will be given the scholarship for three years
Student must be citizen of India
Maximum age of applicant as on 15th August 2018 - 20 years
Scholarship will be granted to students for 3 year degree courses in general stream or 4 years professional/ specialized courses in engineering, medical, law etc.
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/- (Rupees ten thousand only) are eligible to apply for this scheme
Application procedure:The list of documents are application letter seeking to be enrolled into the scheme, attested photocopy of the Class XII marksheet, two passport photographs, ag, address and identity proof, parent income certificate, college admission proof, bank account details, character certificate from school.
Details: 7044033714