Magma to offer Scholarships to Meritorious Students from underprivileged families

~Invites applications from students for under-graduate courses in reputed colleges~

Pune: Magma Fincorp Ltd., has announced M Scholar, a well-recognized scholarship programme for meritorious students from underprivileged families. During the past three years, Magma had awarded scholarships to 200 students.

India is a young country aspiring to grow. While the primary and upper primary education is free in India, a significant number of children drop out of the school because of their poor socio-economic background. Some of the reasons for this drop out include Poverty, lack of opportunities for students living in villages and poor infrastructure facilities especially for the girl children in remote parts of the country. This results in school and college drop outs of students who are otherwise talented and meritorious.

Keeping alive the motto of ‘investing in the smallest dreams’, Magma started offering financial assistance in form of scholarships to such students in 2015 under “M-Scholar”. Students are selected on the basis of their academic performance and socio-economic background.

Speaking to the media, Mr. Kaushik Sinha, Vice President, CSR, Corporate Communications & Admin, Magma Fincorp Ltd, elaborated on the initiative and the application procedure. “Magma is happy to announce a new batch of M-Scholar this year. M Scholar is helping shape destiny of 200 meritorious students from underprivileged families and a new batch of students will now benefit from this.”, Said Mr. Sinha.