As a part of the organisation's CSR activity, M scholarship for 2016 that will help the scholarship holders for their undergraduate studies has been announced.
"Every year many meritorious students hailing from poor families are forced to discontinue their higher education due to lack of funds. Keeping alive our motto of investing in the smallest dreams, Magma Fincorp Ltd., started the scholarship last year and offers 50 scholarships every year. This year, a large number of students from West Bengal, has won the scholarship - winning almost 75% of the total number offered," said Kaushik Sinha, vice president and head of CSR at Magma Fincorp Ltd.
Sumana Shit despite being physically challenged due to idiopathic juvenile scoliosis did not give up. When she scored 94% in the higher secondary examination she was worried as a family income as low as Rs 3000 per month, was not enough to support her studies further. Sumana too is a recipient of the scholarship.
The scholarship will fund the undergraduate studies of the 37 recipients from West Bengal.