Magma M Scholarship

Key Information

Conducted By Magma Fincorp
Eligibility Students who have cleared their class 12 board examinations
Region India
Rewards Up to INR 50,000
Last Date of Application August 15, 2021

Magma Fincorp incorporates Magma M scholarship with the dream of “padhega India tabhi to badhega India”. It has benefitted more than 400 academically brilliant students till now. This scholarship scheme helps and supports those deserving students pursuing higher education in Science, Engineering, Medical, Humanities, Law and Commerce from well-recognized institutes in India.

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Eligibility Criteria

Magma Fincorp is assisting in creating the bright future of extraordinary students through the Magma M scholarship program. As a result, intellectual students can fulfil their dreams of studying in prestigious institutes in India. The Magma M scholarship eligibility criteria may be summarised in the following points.

  • Magma M scholarship is open to Indian Nationals under 20 as of 15 August 2020.
  • The students must hold a minimum of 80% score in the Arts stream and 85% or more in the Science/ Commerce stream in class 12th board exam of session.
  • The annual family earnings of the candidate applying for the Magma M scholarship should be less than INR 10,000 monthly (INR 1,20,000 annually).
  • The scholarship is granted for a degree course of 3 to 5 years in Arts, Commerce, Science, Law, Engineering etc.


The Magma M scholarship has helped more than 400 needy students pursue their higher education and establish life. Various rewards are offered to deserving scholars belonging to financially low-income families through which they can meet their study expenses. The rewards are mentioned below.

  • The eligible students receive financial help of INR 20,000 to INR 50,000 annually as the Magma M scholarship amount.
  • The scholarship is annually renewed based on the candidate's grades in the annual exams. 
  • A total number of 100 scholarships are provided to meritorious students.
  • The duration of the scholarship is 3 years.

How to Apply for the Magma M Scholarship?

The M-scholarship from Magma Fincorp for undergraduate students has been offered to needy and deserving candidates since 2015. As a result, many students have taken advantage of this beneficial scholarship program. The application procedure is easy and simple, which is made even easier for interested applicants through the step-wise process mentioned below.

Step 1: The candidates, first of all, have to visit the official website of the Magma M Scholarship 

Step 2: On the Magma M scholarship portal home page, the applicant has to download Magma M scholarship application form.

Step 3: After downloading the form, candidates must take a printout. 

Step 4: They should start filling the Magma M scholarship online form carefully in their handwriting for offline submission or mail the form for online application mode.

Step 5: The applicants should complete the application form and attach the mandatory authentic Magma M scholarship documents.

Step 6: Finally, they must enclose the Magma M scholarship application form in an envelope mentioning “Magma Fincorp Ltd.” and post it through speed/registered post or courier at the below-mentioned address before the Magma M scholarship 2022 last date.

Step 7: For online submission, the eligible candidate must send an email with M scholarship online form along with all the relevant details and the income proof at [email protected].

Documents Required

The Magma M scholarship scheme is instigated by the group Magma fincorp which believes in “investing in smallest dreams” and exhibiting the same in real life. Its newly launched M-Scholar program assists around 50 meritorious students per year. The application form requires some supportive Magma M scholarship documents, which are listed below.

  • Scanned copy of passport size photo
  • Copy of class 12th mark sheet (attested)
  • Family income certificate
  • Student’s ID proof (adhaar card)
  • Admission proof of college
  •  State level / National level certificate (if any)
  •  Scanned copy of cancelled cheque or passbook
  • Character certificate of the student
  • Application letter duly filled by the candidate

Contact Details

The Magma M scholarship 2022 provides financial support to poor and needy students to take on their undergraduate degree courses. The Magma M scholarship amount is granted under the scholarship program called M-Scholar. For further enquiries, the interested candidate can reach on to below mentioned contact details.

Contact Details

Helpline Number

70440 33714


[email protected]

Official Website

Magma M Scholarship 


CSR Dept Magma Fincorp Ltd. # 501, 5th floor, Tower 4A Ecospace Business Park, Action Area -ll, Newtown, Kolkata, West Bengal 700156.


For more details, visit our Scholarships 2022 Directory.


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