Hyderabad: Magma Fincorp Ltd. – a leading NBFC, as part of the CSR initiative, today announced “M Scholar” – scholarship for under-graduate students from low income families. Under the scheme, Magma will offer 50 meritorious students from families with less than Rs 10,000 monthly household income, Scholarships to continue their studies. The Scholarship is open to Indian students and is for a duration of three (3) years, renewable every year.
Announcing the Scholarship, Mr. Kaushik Sinha, Vice President & Head of CSR, Magma Fincorp Ltd said, “Every year many meritorious students hailing from poor families are forced to discontinue their higher education due to lack of funds. Keeping alive our motto of ‘investing in the smallest dreams’, Magma Fincorp Ltd., started the scholarship last year and offered 50 students opportunity to continue their studies. Students were selected on the basis of their academic performance in Class Xll board exam and socio-economic background of their families. From our first batch, 11 students are studying Engineering and 3 Medical”, added Mr Sinha.
Applications are invited from eligible students from across the country. The three year scholarship is renewable every year. Magma believes that the scholarship will meet a part of the student’s education and related expenses while pursuing higher studies.
Interested and eligible students can send their application to the office of Magma Fincorp Ltd. with the following documents:
The last date of application for the scholarship program is 30th June 2016.
Corporate Communications Department
Magma Fincorp Ltd.
Magma House, 10th floor
24 Park Street,
Kolkata – 700016
Interested students can connect over email, sms, WhatsApp and phone.
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