The Raman Kant Munjal Scholarship 2026-27 is one of India’s most prestigious private scholarship programs aimed at supporting deserving students from economically weaker sections. Established by the Raman Kant Munjal Foundation and supported by Hero FinCorp, this scholarship seeks to empower talented young individuals who aspire to build successful careers in finance, management, and related fields.
Every year, thousands of students across India struggle to continue their higher education due to financial constraints. Rising tuition fees, hostel expenses, books, and other educational costs often become barriers to achieving academic dreams. Recognizing this challenge, the Raman Kant Munjal Foundation launched this initiative to ensure that financial difficulties do not prevent bright students from pursuing quality education.
The scholarship offers financial assistance ranging from ₹40,000 to ₹5,50,000 per year for up to three years, making it one of the most generous scholarship schemes available for undergraduate students in India.
Purpose of the Scholarship
The primary objective of the Raman Kant Munjal Scholarship is to support first-year undergraduate students enrolled in finance-related courses. The program focuses on nurturing future leaders in the fields of business, finance, economics, and management. By providing financial assistance, the scholarship enables students to concentrate on their studies without the burden of educational expenses.
The foundation believes that education is the key to social and economic transformation. Therefore, it prioritizes students from low-income families, especially those belonging to Tier-3 and Tier-4 cities, as well as children of farmers, domestic workers, and other economically disadvantaged households.
Scholarship Benefits
Selected candidates will receive substantial financial support to cover educational expenses, including:
- College tuition fees
- Examination fees
- Books and study materials
- Stationery expenses
- Other academic-related costs
The scholarship amount varies depending on the student’s course fees and financial requirements. Eligible students can receive assistance for up to three consecutive years, subject to satisfactory academic performance and compliance with scholarship guidelines.
Eligibility Criteria
Students applying for the Raman Kant Munjal Scholarship 2026-27 must fulfill the following conditions:
- The applicant must be an Indian citizen.
- The student should be enrolled in the first year of an undergraduate program.
- Eligible courses include:
- BBA
- BFIA
- B.Com (Honours)
- B.Com (Economics)
- Bachelor of Management Studies (BMS)
- Integrated Programme in Management (IPM)
- B.A. (Economics)
- Bachelor in Business Studies (BBS)
- Other finance-related degree programs
- Applicants must have scored at least 80% in both Class 10 and Class 12 examinations.
- Students with disabilities (PwD) require a minimum of 70% marks.
- The annual family income should not exceed ₹6 lakh from all sources.
- Children of employees or contract employees of Hero FinCorp, Raman Kant Munjal Foundation, and Buddy4Study are not eligible to apply.
Preference in Selection
Although the scholarship is open to all eligible Indian students, preference is given to:
- Students from economically weaker families.
- Children of farmers and domestic workers.
- Applicants from small towns and rural areas.
- Students demonstrating exceptional academic performance and financial need.
This approach ensures that the scholarship reaches those who need it the most.
Documents Required
Applicants should keep the following documents ready before beginning the application process:
- Passport-size photograph
- Class 10 marksheet
- Class 12 marksheet
- College ID card or admission proof
- Bonafide certificate from the institution
- Latest fee receipt
- Parent’s PAN card
- Parent’s masked Aadhaar card
- Annual income certificate or Income Tax Return (ITR)
- Salary slips (if applicable)
- Parent’s bank account statements
- Applicant’s bank passbook or cancelled cheque
- LinkedIn profile URL
- Affidavit confirming the authenticity of submitted documents (if required)
Application Process
The Raman Kant Munjal Scholarship application process is completely online and is conducted through the Buddy4Study platform. Students can apply by following these steps:
- Visit the official scholarship application portal.
- Register using an email ID or mobile number.
- Log in to your account.
- Search for “Raman Kant Munjal Scholarships 2026-27.”
- Click on the “Apply Now” button.
- Complete the eligibility verification form.
- Fill in personal, academic, and family details.
- Upload all required documents.
- Review the application carefully.
- Submit the form before the deadline.
Applicants are advised to double-check all information before submission to avoid rejection due to errors or incomplete documentation.
Important Dates
- Application Start Date: Applications are currently open.
- Last Date to Apply: August 31, 2026.
- Mode of Application: Online only.
Students are encouraged to apply well in advance rather than waiting until the final days, as heavy traffic on the application portal can cause delays.
Selection Process
The scholarship follows a transparent and merit-based selection process. Applications are evaluated based on:
- Academic excellence.
- Family income.
- Financial need.
- Supporting documents submitted by the applicant.
- Overall profile assessment.
Shortlisted candidates may be contacted for additional verification or interaction, depending on the scholarship committee’s requirements. Final selection is determined by the Raman Kant Munjal Foundation.
Why This Scholarship Matters
India has millions of talented students who are forced to abandon their educational aspirations due to financial challenges. Scholarships like the Raman Kant Munjal Scholarship help bridge this gap by ensuring access to quality education.
By investing in students today, the foundation is helping build the country’s future workforce. Many scholarship recipients have gone on to excel in their academic and professional careers, proving that financial support can make a significant difference in a student’s life.
Additionally, this scholarship promotes equal opportunities by supporting students irrespective of their geographical background, provided they meet the eligibility requirements. It is particularly beneficial for students pursuing finance and management education, sectors that continue to play a vital role in India’s economic development.
The Raman Kant Munjal Scholarship 2026-27 stands as an excellent opportunity for deserving students to pursue their higher education without financial stress. With financial assistance of up to ₹5.5 lakh per year, support for three years, and a straightforward online application process, the scholarship can significantly impact the lives of students from underprivileged backgrounds.
Students who meet the eligibility criteria should take advantage of this opportunity and submit their applications before August 31, 2026. Education has the power to transform lives, and initiatives like the Raman Kant Munjal Scholarship ensure that talent and determination are rewarded, regardless of financial circumstances.
For thousands of aspiring students across India, this scholarship could be the first step toward achieving their dreams and building a brighter future.