Magma M-Scholar Program for Class XII Completed Students: Applications Open

By: Jasmeet | 09 Jul 2019 11:54 AM

The M-Scholar program has been key in ensuring that there is no impediment on the path to pursuing quality education from a prestigious institute. The scholarship program has enabled to expand  academic horizons and set on a path of economic development and sustainability.

M-Scholar was launched by Magma Fincorp in 2015 and offers the scholarship to meritorious students from economically disadvantaged families. Over the last 4 years, students who have benefitted from the scholarship program have landed plum jobs in the big-ticket public sector and private organizations in key positions.

The company announces the launch of M-Scholar 2019, which will provide scholarships to 100 deserving students for higher education at the undergraduate level.

Scholarship Details
  • The student must be a citizen of India
  • Maximum age of applicant as on 15th August 2019 – 20 years
  • The scholarship will be granted to students for 3-year degree courses in the general stream or 4 years of professional/ specialized courses in engineering, medical, law, etc.
  • The applicant should have secured a minimum of 80% marks in the school passing outboard exam (class XII) in their respective state boards.
  • Students from families having a monthly household income of less than Rs. 10,000/- (Rupees ten thousand only) are eligible.
Application Procedure

Interested and eligible students can send their application to the office of Magma Fincorp Ltd.
with the following documents:
1. Application letter seeking to be enrolled in the scheme
2. Attested photocopy of the Class XII mark sheet
3. Set of two passport photographs
4. Age proof (School certificate/ Admin card)
5. Address proof and Identity proof
6. Income certificate of parent (Monthly Household Income must be Rs. 10,000/ or less per
7. College admission proof (for the undergraduate course)
8. Bank account details
9. Character Certificate from School last attended

Application Address:

Corporate Communications Department
Magma Fincorp Ltd.
Tower 4A, Ecospace Business Park,
Ambuja Realty Campus, New Town, Kolkata- 700156. West Bengal


Phone Number: 7044033714

Email ID:

For further details, click here.

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