Raman Kant Munjal Scholarships 2023 – Laying Foundation for Career in Finance

Raman Kant Munjal Scholarships 2023 is an initiative by the Raman Kant Munjal Foundation (supported by Hero FinCorp) that aims to support students pursuing finance-related courses to get admissions to reputed colleges and pursue their dream of a promising career and a better life. Under this scholarship, students who are currently studying in the 1st-year of BBA, BFIA, B.Com. (H, E), Bachelor of Management Studies (BMS), Integrated Program in Management (IPM), B.A. (Economics), Bachelors in Business Studies (BBS), Bachelors in Banking and Insurance (BBI), Bachelors in Accounting and Finance (BAF) and B.Sc. (Statistics) or any other finance related degree courses will be entitled to receive a financial assistance of up to INR 5,00,000 per year for a period of 3 years to complete their education.

This article offers detailed information about this scholarship programme in terms of its application process, eligibility, documentation, and other needful information. Read further to have a detailed understanding of this scholarship and its application process.

Raman Kant Munjal Scholarships 2023 – An Overview

The Raman Kant Munjal Foundation, an initiative of Hero Group, is dedicated to enriching and energizing lives by helping the less privileged and thus enabling to build a happier and healthier community and society. The foundation runs several initiatives in the fields of education, skill development, community development and environment. The Raman Kant Munjal Scholarship is also one of their initiatives to support the education of the underprivileged students in finance-related streams.

The table given below consists of the essential details about the scholarship program for a quick reference.

Detailed Overview of Raman Kant Munjal Scholarships 2023

Particulars	Details
Name of the Scholarship	Raman Kant Munjal Scholarships 2023
Provider Detail	Raman Kant Munjal Foundation, an initiative of Hero Group
Eligibility	–  Students pursuing 1st year of BBA, BFIA, B.Com. (H, E), Bachelor of Management Studies (BMS), Integrated Program in Management (IPM), B.A. (Economics), Bachelors in Business Studies (BBS), Bachelors in Banking and Insurance (BBI), Bachelors in Accounting and Finance (BAF) and B.Sc. (Statistics) or any other finance related degree courses are eligible. – Applicants must have secured a minimum of 80% marks in Classes 10 & 12 examinations. – The annual family income of the applicants should be less than INR 4 lakh. – Open for Indian nationals only.
Award	Upto INR 5,00,000 per year
Last Date to Apply*	September 15, 2023
Application Mode	Online
Academic Session	2023-2024

*The application deadline mentioned above is tentative and may change at the discretion of the scholarship provider. 

Raman Kant Munjal Scholarships 2023 – Key Dates

Now, with this brief piece of information, it is important to have knowledge of some other details. But before referring to them, the candidates are necessarily required to keep track of the important dates of application to this scholarship programme. The applications for Raman Kant Munjal Scholarships 2023 are currently open. The last date to submit the application forms is September 15, 2023.

Raman Kant Munjal Scholarships 2023 – Eligibility

• Students pursuing 1st year of BBA, BFIA, B.Com. (H, E), Bachelor of Management Studies (BMS), Integrated Program in Management (IPM), B.A. (Economics), Bachelors in Business Studies (BBS), Bachelors in Banking and Insurance (BBI), Bachelors in Accounting and Finance (BAF) and B.Sc. (Statistics) or any other finance related degree courses are eligible.
• Applicants must have secured a minimum of 80% marks in Classes 10 & 12 examinations.
• The annual family income of the applicants should be less than INR 4 lakh.
• Open for Indian nationals only.
• Children of employees/contract employees of Hero FinCorp, Raman Kant Munjal Foundation and Buddy4Study are not eligible to apply.

Raman Kant Munjal Scholarships 2023 – Award Details

Scholarship ranging from INR 40,000 to INR 5,00,000 per year will be awarded to each scholar for a period of 3 years for completing their education. 

Note: The exact scholarship amount will depend on the accepted college fee.

Raman Kant Munjal Scholarships 2023 – Application Process

Eligible candidates can apply for the Raman Kant Munjal Scholarships 2023 online by following the steps mentioned below –   

• Visit the official scholarship page.
• Read all the details carefully and Click on the ‘Apply Now’ button of the respective category of scholarship.
• Login to Buddy4Study using a registered ID to land on the ‘Online Application Form Page’.
  • If not registered – Register with your Email/Mobile Number/Gmail account. 
• You will now be redirected to the ‘Raman Kant Munjal Scholarships 2023’  application form page.
• Click on the ‘Start Application’ button to begin the application process.
• Fill in the required details in the online application form.
• Upload relevant documents.
• Accept the ‘Terms and Conditions’ and click on ‘Preview’. 
• If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.

Raman Kant Munjal Scholarships 2023 – Key Documents

• Marksheet of Class 10 and 12
• Aadhaar card of the applicant 
• Pan card and Aadhaar card of the parents 
• Income proof [ITR (all 7 pages reflecting all account)/Income Certificate/Salary slip of salaried parents]
• Bank account statements of applicant’s parents
• Current year admission proof
• College fee receipt/demand receipt issued by the college 
• Affidavit (stating that all the documents provided by the applicants are true to their knowledge) 
• Passport size photograph

Note: The applicant will be required to upload all the self-attested documents.

Raman Kant Munjal Scholarships 2023 – Selection Process

The selection process of Raman Kant Munjal Scholarships 2023 is a multi-stage process where students are selected based on their academic merit and financial background. Details of the selection process are mentioned below:- 

• Shortlisting of candidates based on their academic merit and financial background
• Document verification
• Telephonic interview of the shortlisted candidates post document verification
• Interview of the selected candidates with the leadership team of Hero FinCorp 
• Final selection of scholars post approval from the scholarship provider

Contact Details

In case one has any queries related to this scholarship programme, its eligibility, the application process, award details, or selection process, one is requested to connect through the contact details given below – 

Email: scholarships@rkmfoundation.org 

Phone: 011-430-92248 (Ext-326)