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M Scholarship (Magma) 2022, Eligibility, Reward, Online Application Apply

Magma Fincorp is offering the M-Scholarship 2022 to those students who have passed Class 12th with a minimum of 80% marks (85% for science/commerce streams). This scholarship is available for the meritorious students belonging from financially poor families. The objective of M-Scholarship is to provide financial assistance to the needy students for pursuing undergraduate studies. M-Scholar is being offered to the deserving candidates since 2015.

Magma Scholarship 2022 Eligibility Criteria

Here, students can check details about the eligibility criteria of M-Scholarship

  • Indian nationals are eligible to apply for this scholarship.
  • Students must have passed the 12th board examination with a minimum of 80% marks in arts stream (85% in science/commerce streams) from their respective boards.
  • Students having the family income less than INR 10,000/- per month are eligible to apply.
  • The maximum age of the applicant should not be more than 20 years as on 15th August of the year of admission.

M-Scholarship Reward

Selected students will receive financial assistance of INR 20,000/- to INR 50,000/- per annum. This scholarship is renewed every year after confirming the grades in the annual examination. Magma provides a total of 100 scholarships to the meritorious students. The duration of the scholarship is 3 years.


How To Apply For M-Scholarship 2022-23 Application Form

A candidate who is eligible and wants to apply for M-Scholarship 2022 is required to send mail all the details along with the income proof at


Necessary Documents Required To Apply For Magma Fincorp Scholarship

  • Income Certificate
  • Admission proof
  • Aadhar Card and 2 passport size photographs
  • Self-written application letter for scholarship
  • Canceled Cheque
  • Class 12th mark sheet


Important Dates

Last Date to apply in M-Scholarship till 15th August.


Selection Procedure

In order to select the student, the authority will firstly check the candidate’s eligibility for this scholarship. Also, the candidate’s academic performance, financial background and the need for the scholarship is taken into consideration.

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