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Magma Fincorp announces scholarships for undergraduate students

Magma Fincorp has decided to financially assist 50 meritorious students from poor families under the newly launched scholarship Program. Each year many meritorious students from financially poor families are forced to discontinue their higher education due to lack of funds, Magma is going to help such students to complete their education.

Students who have scored a minimum of 80% in their class XII board exams are eligible for the scholarship. “M-scholar” ship is being offered to them since July 2015, for their undergraduate studies. The three year scholarship is renewable every year on confirmation of grades in the annual exam. Magma believes that scholarship will meet a part of the students education and related expenses while pursuing undergraduate studies.

All Indian nationals are eligible for the scholarship.


  • Maximum age of the applicant on 15 Aug – 20 Years
  • Applicant should have secured minimum of 80% marks in school passing out board exam ( Class XII ) in their respective state boards or CBSE, KV, ISC.
  • Students from families having monthly household income less than INR 10,000 are eligible

To apply for the scheme , one can apply for the scholarship by mailing us the details at or if you know any student who qualifies for scholarship, one can write to us at or you can also call at +91 70440 33714

Credits: Magma CSR Initiave

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