The Raman Kant Munjal Foundation has previously launched a significant scholarship program known as Raman Kant Munjal Scholarship under which the Officials aim to provide financial support to all the meritorious students from Economically Weaker Backgrounds to pursue higher education, especially in Financial Fields. This initiative will encourage disadvantaged students to get a high-quality education and enhance their creativity and skills in careers in finance and commerce. Students who are eligible to receive benefits through this scholarship program can visit the Official Website and complete the online application form.
About Raman Kant Munjal Scholarship
This Raman Kant Munjal Scholarship was launched by the Raman Kant Munjal Foundation in collaboration with Hero FinCorp. Under this scholarship program, the Authorities will provide financial aid to all the talented and deserving students who have potential but, due to their economically weaker backgrounds, are unable to study further, so that they can pursue higher education without any financial constraints. This initiative will help students to pursue higher education, especially in finance careers such as Management, Commerce, and Finance. With the help of this initiative, the students will empower and enhance their skills along with their lives. The Authorities will provide financial assistance from INR 40,000 to INR 5,50,000 to all the selected students based on their education preferences, along with covering all the tuition fees and expenses.
Short Highlights of Raman Kant Munjal Scholarship
| Scholarship Provider | Raman Kant Munjal Foundation (Hero FinCorp) |
| Purpose | Aids meritorious students from weaker sections pursuing finance-related UG courses. |
| Eligibility | Indian citizens, first year of eligible courses, 80%+ in Class 10 & 12 (70%+ for PwD), family income < ₹6 lakh annually. |
| Eligible Courses | BBA, BFIA, B.Com (H/E), BMS, IPM, B.A. (Economics), BBS, BBI, BAF, B.Sc. (Statistics), etc. |
| Scholarship Amount | ₹40,000 to ₹5,50,000 yearly for three years, based on college fees. |
| Application Mode | Online via Buddy4Study or RKM Foundation website. |
| Application Deadline | Generally 31st August (tentative, check official websites). |
| Selection Process | Shortlisting, documents verification, assessments (career test, essay), interviews (telephonic, leadership). |
Eligibility Criteria
- Applicants must be permanent citizens of India.
- Applicants must have obtained a minimum percentage of 80% in 10th & 12th.
- Annual Income of Applicant’s Family should be between INR 6,00,000
- Applicants must be pursuing a full-time undergraduate finance-related degree.
Documents Required
- Class 10 Marksheet
- Class 12 Marksheet
- Aadhaar card of the applicant
- PAN card and Aadhaar card of the parents
- Complete Income Tax Return (ITR).
- Income Certificate from a competent authority.
- Salary slips of salaried parents.
- Bank account statements of the applicant’s parents.
- Current year admission proof.
- College fee receipt.
Benefits of Raman Kant Munjal Scholarship
- The Authorities will provide financial help as a scholarship of INR 40,000 to INR 5,50,000 to all the selected students.
- With the help of this scholarship program, students will be able to pursue higher education without facing any financial constraints.
- This initiative will encourage students to pursue higher education in finance-related fields, along with improving their skills and creativity.
- This initiative will cover all the tuition fees along with all the stationery expenses.
Selection Process
| Stage | Description |
| Funds transferred annually to the scholar’s/institution’s account after verification. | Candidates apply online. Shortlisting based on academic scores (10th, 12th) and family income. |
| 2. Online Career Assessment Test | Shortlisted candidates take an online test to gauge aptitude and career alignment. |
| 3. Essay Submission | Candidates may submit an essay on topics like career goals or financial challenges. |
| 4. Telephonic Interview | Interviews assess motivation, communication skills, and overall suitability. |
| 5. Document Verification | Required documents (mark sheets, income proof, admission letter, fee receipts, etc.) are verified. |
| 6. Leadership Interview | Finalists have an interview with Hero FinCorp leadership team members. |
| 7. Final Selection & Approval | Scholarship committee confirms the final list of scholars. |
| 8. Scholarship Disbursement | Funds transferred annually to scholar’s/institution’s account after verification. |
Raman Kant Munjal Scholarship Apply Online 2025
- All those students who want to apply for this scholarship have to visit the Official Website of the scholarship.
- Now, on the homepage, you have to do New User Registration first by filling out the Registration form online.
- After registering successfully under the portal, you have to log in to the portal.
- After that, a dashboard will open here; you have to click on the Raman Kant Munjal Scholarship option.
- Now the application form will open. Here, you have to enter all the required details in the form correctly.
- Then you have to upload all the required documents in the form.
- At Last, you have to recheck the form and click on the Submit button.
FAQ’s
Who is eligible to apply?
Applicants must be Indian citizens in their first year of eligible finance-related undergraduate courses, with 80%+ in Classes 10 & 12 (70%+ for PwD), and a family income under ₹6 lakh per annum.
What are the eligible courses?
Eligible courses include BBA, B.Com (H/E), BMS, and other finance-related degrees. For a full list of eligible courses, please refer to
Buddy4Study and Sarsa Education.
What is the scholarship amount?
₹40,000 to ₹5,50,000 per year is awarded for three years, depending on the college fees.
How do I apply?
Applications can be submitted online through the Buddy4Study portal or the RKM Foundation website.
What is the family income limit?
The annual family income must not exceed ₹6 lakh.
Are Class 12 appearing students eligible?
No, eligibility requires enrollment in an approved undergraduate course.
Can children of Hero FinCorp employees apply?
No, children of employees or contract employees of specific related organizations are not eligible.
What documents are required?
Required documents typically include Class 10 & 12 mark sheets, income proof, and admission proof.
Is it a merit-cum-means scholarship?
Yes, selection considers both academic merit and financial need.
How is the scholarship amount disbursed?
Disbursement is usually via Direct Benefit Transfer (DBT) to the student’s or guardian’s bank account annually after verification.
What is the application deadline?
The deadline is generally around August 31st; however, confirm on the official website for current dates.
Are there interviews involved?
Yes, the selection process includes telephonic and/or leadership interviews.
Can I apply if my parents don’t file ITR?
Yes, an income certificate from a competent authority is an acceptable alternative.
Is the scholarship amount fixed?
No, the amount is variable based on the actual college fees.
Can second-year students apply?
No, the scholarship is exclusively for students in their first year of an eligible course.
Do I need to self-attest documents?
Yes, all uploaded documents must be self-attested.
Lavina Choudhary
Lavina Choudhary is a content writer with 5 years of experience in Scholarship. She writes simple and helpful articles that guide people And Student to understand and benefit from public welfare Scholarship.