Magma Fincorp Scholarship 2023: Apply Now | Application, Eligibility & Full Details
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Magma Fincorp Scholarship 2023: Apply Now | Application, Eligibility & Full Details

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With the M-Scholarship 2023 from Magma Fincorp, open the doors to a better future! This remarkable opportunity is designed specifically for gifted youngsters from underprivileged backgrounds. Our famous financial assistance programme is committed to enabling 100 eligible people to follow their educational aspirations without having to worry about money. This scholarship is your ticket to success if you are a student under the age of 21 with a stellar 80% on your 12th-standard exams.

Conducted ByMagma Fincorp
EligibilityStudents who have cleared their class 12 board examinations
RewardsUp to INR 50,000
Last Date of ApplicationAugust 15, 2023
Magma M Scholarship
Magma M Scholarship

The desire of “padhega India tabhi to badhega India” is the inspiration for Magma Fincorp’s incorporation of the Magma M scholarship. More than 400 intellectually gifted youngsters have benefited from it thus far. This scholarship programme aids and supports worthy students attending reputable Indian universities for further study in the humanities, law, engineering, and business fields.

Note that the 2023 Magma M scholarship application has to be changed. However, the anticipated date for 2023 will shortly be announced.

Magma supports the academic endeavours of deserving students from illustrious institutions in addition to the M-Scholarship. 3 to 5 year degrees are covered under the award. The application procedure is straightforward and may be completed online, however the information is crucial to be accepted for the scholarship. Please feel free to contact us whenever you have any queries.

Eligibility Criteria for Scholarship

  • Applicants must be a national of India
  • Applicants age between 15-20 years of age.
  • Maximum age of the applicant on 15 Aug – 20 Years
  • Applicants must have passed minimum of 80% marks in school passing outboard exam (Class XII ) in their respective state boards or CBSE, KV, ISC.
  • Parents income having monthly household income less than INR 10,000 are eligible
  • Above are the eligibility criteria for M-Scholarship 2023.
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Details of Magma Fincorp Scholarship

Scholarship NameMagma Fincorp scholarship
Scholarship Powered byMagma Fincorp Ltd, West Bengal
Mode of Apply for this ScholarshipPostal Mail Service or Via Email
Last Date of ApplyNot Announced by the Organization
Contact DetailsMobile: 70440-33714

 Documents Required for Magma Fincorp Scholarship

  • Aadhar card and two recent size photographs
  • Class 12 mark sheet
  • College admission proof
  • Self-written application letter for scholarship
  • Income certificate
  • Cancelled cheque
  • Character certificate of the student
  • Application letter duly filled by the candidate
  • State level / National level certificate (if any)

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 2023 last date.

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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

Magma Fincorp M-Scholarship Contact

  • Magma Fincorp, Jain Towers,
  • Bypass Road, Vyttila,
  • Ernakulam, Kerala 682019
  • Website:
  • Mobile: 70440-33714 (11am to 5pm)
  • Email:

Who is eligible for Magma scholarship?

Students must have earned at least 80% in the arts stream in their 12th board test, or 85% in the science/commerce streams, from their respective boards. Students may apply if their family’s monthly income is less than INR 10,000.

Who is eligible for ONGC scholarship?

For the engineering and medical programmes, candidates must have earned at least 60% in their Class 12 exams. For MBA/Masters in Geology/Geophysics, students must have graduated with at least a 60% grade point average or a 6.0 CGPA/OGPA on a scale of 10.

How much scholarship can I get for MCA?

Students who struggle to finish their studies due to financial difficulties might benefit greatly from MCA Student Scholarship. Their tuition expenses are covered by this scholarship, which offers up to Rs. 1 lakh in prize money.

What is scholarship eligibility?

For students who fall under the SC/ST category, the yearly household income cannot exceed INR 2.5 lakh. Those who are OBC/SEBC must earn INR 1 lakh annually and have received at least 50% on the previous test.

What is full free scholarship?

Full scholarships, also known as full-ride scholarships, are the ultimate kind of financial aid since they nearly completely cover the cost of attending college for three or four years.

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Can you get 100% scholarship?

You may get a full scholarship to study overseas, yes. Numerous institutions and universities provide full 100% scholarships for international study to Indian students. Although it is difficult to get a full scholarship to study abroad, it is definitely possible.

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