By
Tricitynews
Chandigarh
13th June:- Magma Fincorp
Ltd., has announced M Scholar,
a well-recognized scholarship programme for meritorious students from
underprivileged families. During the past three years, Magma had awarded
scholarships to 200 students.
India is a young country aspiring to grow. While the primary and upper primary education
is free in India, a significant number of children drop out of the school
because of their poor socio-economic background. Some of the reasons for this
drop out include Poverty, lack of opportunities for students living in villages
and poor infrastructure facilities especially for the girl children in remote
parts of the country. This results in school and college drop outs of students
who are otherwise talented and meritorious.
Keeping alive the motto of ‘investing in the smallest dreams’, Magma
started offering financial assistance in form of scholarships to such
students in 2015 under “M-Scholar”. Students are selected on the basis of
their academic performance and socio-economic background.
Speaking to the media, Kaushik Sinha, Vice President, CSR, Corporate
Communications & Admin, Magma Fincorp Ltd, elaborated on the initiative and
the application procedure. “Magma is happy to announce a new batch of M-Scholar
this year. He added that M Scholar is helping shape destiny of 200 meritorious
students from underprivileged families and a new batch of students will now
benefit from this.