Raman Kant Munjal Scholarship 2026: Get Up to ₹5.5 Lakh for UG Students | Minimum ₹40,000 Per Year
Job Description
Are you planning to pursue higher education after Class 12 but worried about the cost? The Raman Kant Munjal Scholarship 2026 is a prestigious scholarship program designed to support deserving students from financially weaker families.
Offered jointly by the Raman Kant Munjal Foundation and Hero FinCorp, this scholarship provides financial assistance starting from ₹40,000 per year, with eligible students receiving up to ₹5.5 lakh during their undergraduate studies, depending on the course and institution.
If you have recently passed Higher Secondary (Class 12) and are pursuing an eligible undergraduate course, here is everything you need to know about the scholarship, including eligibility, benefits, application process, required documents, and selection procedure.
Scholarship Overview
| Particular | Details |
|---|---|
| Scholarship Name | Raman Kant Munjal Scholarship 2026 |
| Offered By | Raman Kant Munjal Foundation & Hero FinCorp |
| Scholarship Amount | Minimum ₹40,000 per year (Up to ₹5.5 Lakh) |
| Eligible Students | First-Year Undergraduate Students |
| Application Mode | Online |
| Application Platform | Buddy4Study |
| Scholarship Type | Merit-cum-Means |
| Official Website | https://rkmfoundation.org/Scholarships.aspx |
About Raman Kant Munjal Scholarship
The Raman Kant Munjal Scholarship was launched to help talented students continue higher education without financial constraints.
The scholarship primarily supports students pursuing finance, commerce, management, and economics-related undergraduate courses. Besides financial assistance, the program encourages academic excellence and helps students build a strong foundation for their future careers.
Scholarship Benefits
Selected students can enjoy the following benefits:
- Financial assistance of at least ₹40,000 per year.
- Scholarship amount may increase depending on the institution and course.
- Maximum scholarship support of up to ₹5,50,000 during the course period.
- Reduced financial burden for tuition and academic expenses.
- Opportunity to focus on higher education without worrying about educational costs.
Eligibility Criteria
Applicants must fulfill all of the following conditions:
Educational Qualification
- Must have passed Class 12 (Higher Secondary) from a recognized board.
- Should have secured at least 80% marks in Class 12.
- PwD (Persons with Disabilities) candidates require a minimum of 70% marks in both Class 10 and Class 12.
- Must currently be studying in the First Year (1st Year) of an eligible undergraduate course.
- Students in the second year or third year are not eligible.
Family Income
- Annual family income from all sources should be less than ₹6,00,000.
Eligible Courses
The scholarship is available for students pursuing selected undergraduate programs, including:
- Bachelor of Business Administration (BBA)
- Bachelor of Financial and Investment Analysis (BFIA)
- B.Com (Honours)
- B.Com (Pass)
- Bachelor of Management Studies (BMS)
- Integrated Programme in Management (IPM)
- B.A. (Economics)
- Bachelor in Business Studies (BBS)
- Bachelor of Banking and Insurance (BBI)
- Bachelor of Accounting and Finance (BAF)
- B.Sc. (Statistics)
- Other Finance and Business-related undergraduate degree programs
Scholarship Amount
Selected candidates will receive:
- Minimum ₹40,000 per academic year
- Scholarship support may go up to ₹5,50,000, depending on:
- Course duration
- Type of institution
- Scholarship committee’s evaluation
How to Apply
Eligible students can apply online by following these steps:
- Visit the Buddy4Study scholarship portal.
- Search for Raman Kant Munjal Scholarship.
- Click on Apply Now.
- Register or log in using your email ID, mobile number, or Google account.
- Click Start Application.
- Complete the eligibility questionnaire.
- Fill in your personal, academic, and family income details.
- Upload all required documents.
- Review the application carefully.
- Accept the terms and conditions.
- Submit the application and save the confirmation for future reference.
Required Documents
Applicants should keep the following documents ready:
- Class 10 Marksheet and Certificate
- Class 12 Marksheet and Certificate
- Aadhaar Card of the applicant
- Aadhaar Card of Parents
- PAN Card of Parents
- Family Income Certificate
- Bank Account Statement of Parents (Last 6 Months)
- College Admission Letter / Bonafide Certificate / College ID Card
- Affidavit declaring the authenticity of information and documents
- Recent Passport Size Photograph
- LinkedIn Profile (if available or required)
- Any additional documents requested during verification
Selection Process
The scholarship selection process generally includes the following stages:
1. Application Screening
Applications are shortlisted based on:
- Academic performance
- Family income
- Eligibility criteria
2. Online Assessment
Shortlisted candidates may be required to appear for:
- Online Written Test, or
- Essay Writing Assessment
3. Telephonic / Online Interview
Candidates who qualify the assessment may be invited for an initial telephonic or virtual interview.
4. Final Interview
The final shortlisted candidates will attend an interview with the expert panel of the Raman Kant Munjal Foundation.
5. Final Selection
Selected students will receive the scholarship directly in their registered bank account.
Important Points
- Only First-Year Undergraduate Students are eligible.
- Students must maintain good academic performance to continue receiving the scholarship.
- Applications are accepted only through the Buddy4Study portal.
- Incorrect or incomplete applications may be rejected during verification.
Scholarship Helpline
Students facing any issues during the application process can contact the scholarship support team.
Helpline Number:
011-43092248 (Extension: 326)
Support Timing:
Monday to Friday
10:00 AM – 6:00 PM
Email:
scholarships@rkmfoundation.org
Why You Should Apply
The Raman Kant Munjal Scholarship is one of the most valuable private scholarship programs for undergraduate students in India. It not only provides substantial financial support but also encourages academically talented students from economically weaker backgrounds to pursue higher education without financial stress.
Frequently Asked Questions (FAQs)
Who can apply for the Raman Kant Munjal Scholarship 2026?
Students who have passed Class 12 with the required marks and are currently studying in the first year of an eligible undergraduate course.
What is the minimum scholarship amount?
Selected students receive at least ₹40,000 per year.
What is the maximum scholarship amount?
Depending on the course and institution, students may receive up to ₹5.5 lakh during their undergraduate studies.
Is the scholarship available for engineering students?
No. This scholarship is mainly intended for students pursuing eligible commerce, management, finance, economics, and related undergraduate courses.
Is there any income limit?
Yes. The annual family income must be below ₹6 lakh.
