Magma believes in “Padhega India tabhi toh aagey badhega India”. To usher in a brighter future, Magma is supporting meritorious students from under-privileged families to live their dream by pursuing higher studies at prestigious institutes. Magma M Scholar is our way of helping the meritorious students pursue their education in Engineering, Medical, Humanities, Science, Commerce and Law at some of India’s best known institutions. So far, Magma M Scholar has provided scholarships to 400 plus students, many of whom are now established in life.

Scholarship Eligibility Details:

  •        Open to citizens of India, under 20 years of age as on 15 August 2020
  •         Must have 80% or more in Plus 2 Board Exam of 2020
  •          Students from families with monthly household income of less than Rs. 10,000
  •          Scholarship for 3 – 5 year degree courses in general stream/ engineering, medical, law etc.

Application procedure:

Eligible students to send application to Magma Fincorp Ltd. with the following documents:

1.       Application letter seeking to be enrolled into 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 (MHI – Rs. 10,000/ or less)

7.       College admission proof (for undergraduate course)

8.       Bank account details

9.       Character Certificate from School last attended

Application address:
CSR Dept Magma Fincorp Ltd. # 501, 5th floor, Tower 4A Ecospace Business Park, Action Area -ll, Newtown, Kolkata, West Bengal 700156
Scholarship enquiry contact: (11am to 5pm)
Email: csr@magma.co.in Mobile: 7044033714