43 underprivileged students from AP, TS bag scholarships

Hyderabad: Palle Nagaraju, from Nalgonda district of Telangana is a student making his mark at his Bachelors. Born to daily wagers, he dreams of becoming a civil servant and help the poor evolve. C Sucharitha from Kamareddy district is pursuing B Com. She hopes to do her CA and start her own firm. KNS Harshita from Hyderabad is pursuing her B Tech from CBIT, Gandipet and wants to make a career in System Integration from Germany.

The company announced the launch of M-Scholar 2019, which will provide scholarships to 100 deserving students for higher education at the undergraduate level. Students who are 20 years old, have secured 80% marks in the Class XII exam and have a monthly household income less than Rs.10,000 are eligible to avail the scholarship.

Helping these academically brilliant students from low income families to pursue their academic aspirations by pursuing undergraduate courses from prestigious institutes is Magma M-Scholar, a student empowerment initiative by Magma Fincorp.

"The very foundation of M-Scholar is laid on the core precept of 'Padhega India tabhi to badhega India'. We aim to help meritorious students from the underprivileged sections of society embark on the path to attaining academic excellence through this unique scholarship programme. The aim is to empower them with the requisite resources and solutions to help them transform their dreams into reality with the tool of education," says Kaushik Sinha – Head CSR at Magma Fincorp.

"The M-Scholar programme has been key in ensuring that there is no impediment on the path to pursuing quality education from a prestigious institute. The scholarship programme has enabled me to expand my academic horizons and set on a path of economic development and sustainability," stated M-Scholar recipient Prempal Kumar.

M-Scholar was launched by Magma Fincorp in 2015 and offers scholarship to meritorious students from economically disadvantaged families. Over the last 4 years, students who have benefitted from the scholarship programme have landed plum jobs in big-ticket public sector and private organisations in key positions. 'Out of the current 300 scholars, 43 are from AP and Telangana and 86 in all from South India', explained Sinha. We hope we will get more applicants this year from South, he added.

Application procedure:

Interested and eligible students can send the following documents to Magma Fincorp Ltd.:

1. Application letter seeking to be enrolled into the scheme

2. Attested photocopy of the Class XII mark sheet, Set of two passport photographs

3. Age proof (School certificate/ Admin card), Address proof and Identity proof

4. Income certificate of parent (Monthly Household Income must be Rs. 10,000/ or less per month)

5. College admission proof (for undergraduate course), Bank account details

6. 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

Scholarship enquiry contact: (11am to 5pm)

Email: csr@magma.co.in

Mobile: 7044033714