The Raman Kant Munjal Scholarship 2025 – 26, an initiative by the Raman Kant Munjal Foundation and supported by Hero FinCorp, stands as a powerful financial aid program aimed at supporting undergraduate students from economically weaker sections who wish to build careers in finance and related domains.
This scholarship is dedicated to the legacy of Late Shri Raman Kant Munjal, whose commitment to excellence, ethical business, and financial literacy continues to inspire generations. Recognizing that the cost of education is often a barrier for deserving students, the program provides substantial monetary aid for up to three academic years, enabling students to pursue their higher education without financial pressure.
Scholarship Objective
The primary goal of this scholarship is to:
- Bridge the gap between deserving students and expensive finance-related education.
- Empower students from lower-income families to complete undergraduate courses in business and finance.
- Promote ethical leadership, innovation, and excellence in the financial and economic sectors.
- Encourage career aspirations in high-potential and underrepresented areas of finance, investment, and economics.
Scholarship Overview
| Component | Details |
|---|---|
| Scholarship Name | Raman Kant Munjal Scholarship 2025–26 |
| Foundation | Raman Kant Munjal Foundation, supported by Hero FinCorp |
| Eligible Courses | Undergraduate finance-related programs |
| Academic Criteria | 80% in Class 10 & 12 (70% for PwD) |
| Family Income Limit | Less than ₹6 lakh annually |
| Nationality | Indian only |
| Scholarship Amount | ₹40,000 to ₹5,50,000 per year |
| Duration | Renewable for up to 3 years |
| Application Mode | Online |
| Deadline to Apply | 31 July 2025 |
| Application Link | www.b4s.in/xmes/RMKSP5 |
Who Can Apply?
This scholarship is meant for students who are:
- Indian citizens
- Currently enrolled in the first year of an eligible undergraduate course
- From a family with a total income less than ₹6 lakh per year
- Strong academic performers with minimum 80% in Class 10 and 12
-
- PwD (Persons with Disabilities) students are eligible with 70% marks
Eligible Degree Programs:
Students enrolled in the following programs can apply:
- Bachelor of Business Administration (BBA)
- Bachelor of Financial Investment and Analysis (BFIA)
- Bachelor of Commerce (Honours or General)
- Bachelor of Management Studies (BMS)
- Integrated Program in Management (IPM)
- Bachelor of Arts in Economics
- Bachelor of Business Studies (BBS)
- Other finance-focused undergraduate degrees such as BAF, BBI, B.Sc. in Statistics
Ineligible Applicants:
- Second-year or final-year students
- Children of employees, contractors, or consultants working with Hero FinCorp, Raman Kant Munjal Foundation, or Buddy4Study
Scholarship Benefits
The Raman Kant Munjal Scholarship covers a significant portion of the tuition fee depending on the student’s course and financial need. It ranges from a minimum of ₹40,000 to a maximum of ₹5,50,000 per year and is renewable for up to three years, subject to continued academic performance.
| Tuition Fee Slab | Scholarship Award Amount |
|---|---|
| ₹40,000 to ₹1,00,000 | ₹40,000 – ₹60,000 |
| ₹1,00,000 to ₹2,50,000 | ₹1,00,000 – ₹2,50,000 |
| ₹2,50,000 to ₹5,50,000 | ₹2,50,000 – ₹5,50,000 |
This level of support ensures that high-quality financial education is accessible even to those from financially restricted backgrounds.
Key Dates
- Applications Open: Ongoing
- Deadline: 31st July 2025
- Shortlisting & Evaluation: August 2025 (tentative)
- Scholarship Disbursement Begins: From September 2025
It is advisable to apply well in advance to avoid last-minute submission errors.
Application Process
How to Apply:
Eligible candidates can follow these steps:
- Visit the official portal: www.b4s.in/xmes/RMKSP5
- Register using your valid email ID and phone number
- Fill in all the details including academic marks, family income, and course information
- Upload required documents (listed below)
- Submit the application and keep a PDF copy of the acknowledgment
Documents Required:
- Class 10 and 12 mark sheets
- Admission proof (bonafide certificate or college ID)
- Income certificate (from a government authority)
- Government-issued photo ID (Aadhaar card, PAN card, etc.)
- Disability certificate (if applying under PwD quota)
- Bank passbook or account details for fund transfer
Selection Process
The selection process is designed to identify the most deserving candidates and may include the following stages:
- Eligibility Screening
All applicants are screened based on marks and income declarations. - Application Review
The selection team assesses academic performance, income proof, and course relevance. - Telephonic or Virtual Interview (If Required)
Shortlisted candidates may be invited for a 10–15-minute interview to assess their goals and communication skills. - Final Selection and Verification
Selected candidates go through a final document verification before disbursement.
Note: Not all applicants will be interviewed, and selection is merit-cum-means based.
Why This Scholarship Is a Game Changer
The Raman Kant Munjal Scholarship stands out for several reasons:
- Large Financial Support: Covers a wide tuition range, rare in most Indian scholarships
- Multi-Year Commitment: Supports students for up to three academic years
- Field-Specific: Tailored for students entering finance, a high-growth and impactful career sector
- Merit-Plus-Means: Balances academic excellence with socioeconomic needs
For a student from a modest background, this scholarship can remove financial roadblocks and provide access to top-tier business education.
Common Mistakes to Avoid
- Submitting incomplete applications
- Uploading incorrect or blurred documents
- Ignoring the income ceiling
- Applying beyond the 1st year of the degree
- Missing the final deadline (July 31, 2025)
Always double-check your application before submission and keep copies of all uploads.
FAQs
1. Can final-year students apply?
No, only students enrolled in the first year are eligible.
2. Is the scholarship renewed automatically?
No. Students must maintain satisfactory academic progress and re-submit basic documentation annually for renewal.
3. Is there an interview process?
Yes, shortlisted candidates may be invited for an interview or assessment.
4. Are diploma or part-time students eligible?
No, only full-time undergraduate finance-related degree programs are considered.
5. How is the amount decided?
Based on your tuition fees and course structure, as well as the overall number of applicants.
6. Where is the scholarship disbursed?
Typically, the scholarship amount is credited directly to the student’s bank account or paid to the college if required.
Conclusion
The Raman Kant Munjal Scholarship 2025 – 26 is a unique and impactful opportunity for Indian students aiming to break into the finance, business, and economics sectors. For students from economically disadvantaged families, this scholarship is more than just money, it is a stepping stone to career growth, stability, and personal transformation.
If you meet the criteria and are enrolled in a finance-related course, don’t miss this chance. Apply before 31 July 2025 and secure your future.
Apply Now: www.b4s.in/xmes/RMKSP5
