MUMBAI: Magma Fincorp, a BFSI entity, in an effort to reach out to more meritorious students from the lower income families, has decided to to offer 100 scholarships across the country in FY18.

Every year many meritorious students hailing from poor families are forced to discontinue their higher education due to lack of funds. Keeping alive their motto of ‘investing in the smallest dreams’, Magma offers financial assistance in the form of scholarships to such students every year under their scheme “M-Scholar”. Students will be selected on the basis of their academic performance and socio-economic background of their families who are unable to support their children to continue studies.

Magma VP - CSR, corporate communications and admin Kaushik Sinha said, “The three year scholarship will be renewable every year on confirmation of grades in annual exams.”

Magma believes that the scholarship will meet a part of the student’s education and related expenses while pursuing higher studies.