Raman Kant Munjal Scholarship 2025

The Raman Kant Munjal Scholarship 2025-26, offered by the Raman Kant Munjal Foundation in collaboration with Hero FinCorp, is a merit-cum-means scholarship designed to support Indian students pursuing finance-related undergraduate degrees. Launched to honor the legacy of Raman Kant Munjal, a visionary leader of the Hero Group, the scholarship aims to empower economically disadvantaged students to achieve their academic and professional aspirations in commerce, management, and finance.

It provides financial assistance ranging from INR 40,000 to INR 5,50,000 per year for three years, covering tuition fees and other academic expenses. The program targets first-year students enrolled in courses like BBA, B.Com., and BMS, fostering a brighter future through education and reducing financial barriers for talented youth.

To be eligible for the Raman Kant Munjal Scholarship 2025-26, applicants must:

• Be Indian citizens holding a valid Indian passport.

• Be enrolled in the first year of a full-time undergraduate finance-related degree program at a recognized college/institution in India, including:

  • BBA (Bachelor of Business Administration)

  • BFIA (Bachelor of Financial and Investment Analysis)

  • B.Com. (Honours or Economics)

  • BMS (Bachelor of Management Studies)

  • IPM (Integrated Program in Management)

  • B.A. (Economics)

  • BBS (Bachelor of Business Studies)

  • BBI (Bachelor of Banking and Insurance)

  • BAF (Bachelor of Accounting and Finance)

  • B.Sc. (Statistics)

  • Other finance-related degree courses (as specified by the foundation)

• Have secured a minimum of 80% marks in both Class 10 and Class 12 examinations (70% for students with disabilities).

• Have an annual family income not exceeding INR 6,00,000 (updated for 2025-26, reflecting economic adjustments).

• Be under 19 years of age as of May 31, 2025.

• Exclusions:

  • Children of employees or contract employees of Hero FinCorp, Raman Kant Munjal Foundation, or Buddy4Study are ineligible.

  • Students receiving other scholarships covering similar expenses (e.g., full-tuition awards) are not eligible.

  • Students enrolled in part-time, distance learning, or non-finance-related courses are ineligible.

  • Applicants exceeding the age limit or with family income above INR 6,00,000 are not considered.

• Scholarship Value: INR 40,000 to INR 5,50,000 per year, based on the accepted college’s tuition fee structure, awarded for three years (total up to INR 16,50,000).

• Coverage: Primarily covers tuition fees, with potential for additional academic expenses (e.g., books, subject to foundation discretion).

• Disbursement: Funds are disbursed annually via Direct Benefit Transfer (DBT) to the student’s or institution’s bank account after verification of enrollment and fee receipts. Exact disbursement timelines are communicated post-selection.

• Duration: Renewable for three years, subject to maintaining academic performance (as specified by the foundation) and continued enrollment in the same course.

• Note: The scholarship amount is tailored to the student’s college fees, ensuring coverage without exceeding actual costs. Recipients must submit fee receipts annually for renewal. The award does not cover living expenses, travel, or non-academic costs unless explicitly stated.

Applications for the Raman Kant Munjal Scholarship 2025-26 are submitted online through the official scholarship portal or partner platforms like Buddy4Study. Follow these steps:

1. Visit Official Portal: Access www.rkmfoundation.org or the Buddy4Study scholarship page (www.buddy4study.com/page/raman-kant-munjal-scholarships).

2. Register: Create an account using a valid email ID, mobile number, or Gmail account. If already registered on Buddy4Study, log in with existing credentials.

3. Complete Application Form: Fill in personal details (name, contact, Aadhaar number), academic information (Class 10/12 marks, college enrollment), and financial details (family income).

4. Upload Documents: Submit required documents (listed below) in the specified format (PDF/JPEG).

5. Career Assessment Test: Complete an online test evaluating career aptitude, as part of the initial screening.

6. Essay Submission: Write and submit an essay (topic provided during application, typically on career goals or financial challenges).

7. Submit Application: Review and click “Submit” by the deadline (July 31, 2025). Track application status via the portal using the Application ID.

8. Selection Process:

   • Initial Screening: Based on eligibility, academic marks, financial need, test, and essay.

   • Telephonic Interview: Shortlisted candidates are interviewed by the selection committee to assess motivation and goals.

   • Document Verification: Submit college acceptance letter, fee receipts, and other documents.

   • Final Interview: Conducted (telephonic or in-person) with Hero FinCorp leadership for final selection.

   • Approval: Final scholars are selected after scholarship source approval, notified via email or portal by September 2025.

Note: Share scholarship information with peers to access the application link fully, as encouraged by Buddy4Study for free users. Ensure all documents are genuine, as the foundation conducts rigorous verification. Contact scholarship@rkmfoundation.org for assistance.

• Completed online application form (via www.rkmfoundation.org or www.buddy4study.com).

• Proof of Indian citizenship (e.g., Aadhaar card, passport copy).

• Class 10 and Class 12 mark sheets/certificates (attested, showing ≥80% marks; ≥70% for PwD).

• College admission/acceptance letter for a first-year finance-related undergraduate program.

• Fee receipt or fee structure from the college (for scholarship amount determination).

• Income proof (e.g., Income Tax Return (ITR) with all 7 pages, income certificate, or salary slips of parents/guardians, showing family income ≤ INR 6,00,000).

• Bank account statements of parents/guardians (latest 3–6 months).

• Disability certificate (if applicable, issued by a medical authority).

• Recent passport-size photograph (digital format).

• Note: Documents must be uploaded in PDF or JPEG format as per portal guidelines. Originals may be requested post-selection for verification. Incomplete or fraudulent documents lead to disqualification.

• Application Window: June 1, 2025, to July 31, 2025 (tentative, based on 2024-25 cycle; confirm on www.rkmfoundation.org).

• Application Deadline: July 31, 2025.

• Selection Notification: September 2025 (via email or scholarship portal).

• Document Verification: August–September 2025 (post-interview).

• Disbursement: October 2025 onward, after enrollment and fee receipt submission.

• Note: Deadlines may change at the foundation’s discretion. Check www.rkmfoundation.org or www.buddy4study.com for updates. Early application is recommended due to competitive selection.

• Raman Kant Munjal Foundation:

  • Email: scholarship@rkmfoundation.org

  • Address: Raman Kant Munjal Foundation, Hero FinCorp, 09, Community Centre, Basant Lok, Vasant Vihar, New Delhi – 110057, India.

• Buddy4Study (Application Support):

  • Email: support@buddy4study.com

  • Phone: +91-11-430-92248

• Office Hours: Monday–Friday, 9:00 AM–5:30 PM (IST).

• Website: www.rkmfoundation.org