About Raman Kant Munjal Foundation
The Raman Kant Munjal Foundation is the initiative of Hero Group to help less privileged students build a happier and healthier community and society. This foundation runs several initiatives in the fields of education, skill development, community development, and the environment.
About Hero FinCorp
Hero FinCorp is part of Hero MotoCorp, one of India’s fastest-growing NBFCs. Currently, they are engaged in consumer finance business and commercial lending. This scholarship program is part of their Corporate Social Responsibility to support underprivileged students by improving their access to education.
Eligibility Criteria of Raman Kant Munjal Scholarships 2024-25
These are the eligibility criteria that candidates must have to meet to apply for the Raman Kant Munjal Scholarship program:
- Students who have applied for the first year of BBA, BFIA, BCom, BMS, IPM, BA Economics, BBS, Bachelor of Banking and Insurance, BAF, or any other financial-related degree program are eligible for this scholarship program.
- Applicant must have achieved a minimum of 80% marks in their class 10 and 12
- The family income of the scholarship applicant should be less than INR 4 lakh.
- The Raman Kant Munjal Scholarship Scheme is available only for Indian residents.
- The children of employees of Hero FinCorp, Raman Kant Munjal Foundation, and Buddy4Study are not eligible for this scholarship program
Benefits of Raman Kant Munjal Scholarship 2024-25
The Raman Kant Munjal Scholarship ranges from INR 40,000 to INR 5,50,000 per year and will be awarded to each scholarship for three years to complete their studying. The scholarship amount depends on the accepted college fee.
Documents Required for Raman Kant Munjal Scholarship 2024-25
These are the few important documents required for the Raman Kant Munjal Scholarship program:
- Marksheet of Class 10 & 12
- The Aadhaar Card of the applicant
- PAN & Aadhaar Card of the parents
- Income Certificate
- Student’s Bank Account Details
- Current year admission proof
- College fee receipt
- Affidavit
- Passport size photograph
During the application procedure, candidates have to upload all the self-attested documents.
Important Dates Related to Raman Kant Munjal Scholarship 2024-25
- Application Starting Month: June 2024
- Application Closing Month: 15th September 2024
- Result Announcement Month: November 2024
How to Apply for Raman Kant Munjal Scholarship 2024-25
These are the few simple steps to follow to apply for the Raman Kant Munjal Scholarship program:
- Firstly, visit this link rkmfoundation.org/Scholarships.aspx.
- Click on the “Apply Now” option and it will take you to the “Buddy4Study” website.
- There, simply select the “Apply Now” option and it will redirect you to Buddy4Study website.
- If you already registered, then you can simply log in to your Buddy4Study account. Otherwise, register your Buddy4Study account.
- By login to Buddy4Study account, you will be redirected to the scholarship application page.
- Then, you have to select the “Start Application” option to begin the application.
- You have to fill up the application form with the required details in the online application form and upload the relevant documents.
- Make sure to accept the “Terms & Conditions” and then select the “Preview”.
- If you see everything is correct on the preview page and then Submit the application form.
FAQs: Raman Kant Munjal Scholarship 2024-25
Q: What is the selection process for the Raman Kant Munjal Scholarship 2024-25?
A: The selection process of the Raman Kant Munjal Scholarship includes a multi-stage process where students are selected based on their academic performance and financial background.
- Easy form
- 1st Round of Telephonic Interview Round
- Document submission including college acceptance letter
- Final Round of Interview
- The award provided to the selected candidates
Q: How the candidates will get their scholarship amount?
A: The scholarship amount will be directly transferred as a one-time payment to the student’s or their parent’s bank account each final year.
Q: Will this scholarship be provided for subsequent years of studies?
A: Yes, the scholarship will the given to the students for three years. The renewal of this scholarship for the successive years is based on the following criteria:
- No dropouts
- No disciplinary issues
- Academic performance
Q: Who is the sponsor of this scholarship?
A: This scholarship is the part of Corporate Social Responsibility initiatives of Hero FinCorp, being implemented by the Roman Kant Munjal Foundation to help underprivileged candidates to improve their access to education.
Q: Is it a one-time scholarship?
A: No, selected candidates will get this scholarship every year for 3 years.
Also Read: Kotak Junior Scholarship Program 2024-25
