Raman Kant Munjal Scholarships 2026: Eligibility, How to Apply, Scholarship Amount and Benefits

Are you a finance or management student eager to pursue your dreams but worried about tuition fees? The Raman Kant Munjal Scholarships 2026 offer a transformative opportunity by providing up to ₹5,50,000 per year for three years to deserving students enrolled in select commerce, management, and finance-related undergraduate courses. Funded by the Raman Kant Munjal Foundation and supported by Hero FinCorp, this scholarship not only eases financial stress but also opens doors to quality education and career growth for meritorious students with financial need.

I am Riten, founder of Fueler, a platform that empowers talented creators and professionals by letting their actual work shine beyond just resumes. Having experienced firsthand the challenges of accessing top education from a smaller city, I deeply value scholarships like Raman Kant Munjal’s for leveling the playing field. These scholarships give bright students a chance to pursue their academic and career ambitions with strong financial backing and institutional support.

Scholarship Overview

• The Raman Kant Munjal Scholarships are merit-cum-means scholarships designed to support first-year students enrolled in undergraduate finance-related degree courses such as BBA, BFIA, B.Com (Hons./Pass), BMS, IPM, BA Economics, BBI, BAF, and B.Sc Statistics.

• Scholarship amounts range from ₹40,000 to ₹5,50,000 per year, awarded based on academic merit and financial need, renewable annually for up to three consecutive years.

• The scholarship aims to reduce financial barriers and nurture academic excellence by supporting tuition fees and enabling access to reputed programs.

• It is an initiative of the Raman Kant Munjal Foundation, with Hero FinCorp as a partner, administered through the Buddy4Study platform.

• The scholarships prioritize applicants from economically weaker backgrounds, with an annual family income ceiling of ₹6 lakh.

• Provides continuity and stability in education through multi-year financial support, encouraging sustained academic performance.

Scholarship Benefits

• Relieves students from the heavy burden of tuition fees, allowing them to focus on studies without financial distractions.

• Enhances access to premier programs in commerce, finance, economics, and management, which are gateways to lucrative career paths.

• Encourages sustained excellence by linking scholarship renewal to academic performance and attendance standards.

• Empowers students with networking and mentorship opportunities provided indirectly by the Raman Kant Munjal Foundation’s outreach activities.

• Supports social upliftment by investing in future business leaders and finance professionals who contribute to economic growth.

• Enables students to build professional skills and qualifications recognized nationally and internationally.

Eligibility Criteria

• Indian nationals enrolled in the 1st year of eligible undergraduate courses in BBA, BFIA, B.Com, BMS, IPM, BA (Economics), BBI, BAF, or B.Sc. (Statistics).

• Must have scored at least 80% aggregate marks in Class 10th and 12th board exams (70% for PwD candidates).

• Family annual income should not exceed ₹6 lakh.

• Applicants must not be children of employees or contractors associated with Raman Kant Munjal Foundation, Hero FinCorp, or Buddy4Study.

• Commitment to maintain requisite academic performance to continue receiving the scholarship.

How to Apply

• Apply online through the official Raman Kant Munjal Scholarships portal: https://rkmfoundation.org/Scholarships.aspx

• Complete the registration with accurate personal, educational, and financial information.

• Upload all necessary documents, including academic transcripts, income proof, admission letter, and ID proof.

• Submit a personal statement highlighting your academic goals and financial need.

• Applications close around mid to late July annually; check the portal for specific deadlines.

• Selected candidates are notified via email with scholarship award details and renewal criteria.

FAQs

1. What is the maximum amount offered?

The scholarship covers up to ₹5,50,000 per year for three years, depending on eligibility and fees.

2. Who funds the scholarship?

Raman Kant Munjal Foundation provides the funding, supported by Hero FinCorp.

3. Is it available for students across India?

Yes, Indian nationals enrolled in eligible degree courses nationwide can apply.

4. Can the scholarship be renewed?

Yes, renewal depends on academic performance and compliance with attendance.

5. How do I apply?

Apply online on https://rkmfoundation.org/Scholarships.aspx.

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