A scholarship for management students can help reduce the cost of undergraduate and postgraduate courses such as BBA, BMS, B.Com, economics, finance and MBA. Scholarships may be awarded based on academic performance, family income, social category, disability, course or other conditions.
For students entering management and finance-related undergraduate programmes, the Raman Kant Munjal Scholarships is one of the most relevant opportunities. It provides substantial financial assistance to eligible first-year students for up to three years.
Best Scholarships for Management Students
| Scholarship | Level | Key benefit |
| Raman Kant Munjal Scholarships | Undergraduate | ₹40,000–₹5.5 lakh per year |
| PM-USP Central Sector Scholarship | UG | Merit-based financial assistance |
| UGC National Scholarship for Post Graduate Studies | PG | ₹1.5 lakh per year |
| PM YASASVI Top Class Education | UG/PG | Financial support for eligible OBC, EBC and DNT students |
| Top Class Education for SC Students | UG/PG | Financial assistance for eligible SC students |
The National Scholarship Portal (NSP) lists government scholarship schemes for the 2026–27 academic year. Students must check the individual scheme requirements because eligibility differs between scholarships.
Raman Kant Munjal Scholarship for Management Students
The Raman Kant Munjal Scholarships 2026–27 is an initiative of the Raman Kant Munjal Foundation, supported by Hero FinCorp. It is intended for first-year undergraduate students pursuing finance, business and related courses.
Eligibility Criteria
Students must meet all applicable conditions below:
- Be an Indian national.
- Be enrolled in the first year of an eligible undergraduate programme.
- Pursue BBA, BFIA, B.Com (H/E), BMS, IPM, B.A. Economics, BBS or another eligible finance-related degree.
- Scored a minimum of 80% in both Class 10 and Class 12 examinations.
- Students in the PwD category require at least 70% marks in Classes 10 and 12.
- Have annual parental income of not more than ₹6 lakh from all sources.
Applicants whose parents are employees or contractual staff of Hero FinCorp, Raman Kant Munjal Foundation, or Buddy4Study cannot apply for this scholarship.
Preference is given to applicants from economically disadvantaged families, including children of farmers and domestic workers, and applicants from Tier 3 and Tier 4 cities.
Raman Kant Munjal Scholarship Benefits
Selected students can receive ₹40,000 to ₹5.5 lakh per year for up to three years. The exact amount depends on the accepted college fee and the programme guidelines.
The scholarship can support important education-related expenses, including:
- Institution fees
- Examination fees
- Books
- Stationery
- Other eligible academic expenses
The scholarship is paid through Direct Bank Transfer (DBT), subject to the programme’s conditions, academic performance and availability of funds.
Documents Documents Needed to Apply for the Raman Kant Munjal Scholarship
Applicants should keep the following documents ready:
- Class 10 and 12 marksheets
- Recent passport-size photograph
- Applicant’s Aadhaar card
- Parents’ PAN card and masked Aadhaar card
- Current college enrolment proof, such as college ID, bonafide certificate or fee receipt
- Annual parental income proof, such as ITR, income certificate or salary slip
- Parents’ bank account statements
- Applicant’s bank account details, such as passbook or cancelled cheque
- Applicant’s LinkedIn profile URL
- Affidavit confirming the authenticity of submitted documents
The scholarship provider may require additional information during verification. Applicants should therefore keep original documents available for reference.
How to Apply for the Raman Kant Munjal Scholarship?
Applications for the are submitted online through Buddy4Study. Students need to register or log in, complete the eligibility check, fill in the application form, upload the required documents and submit the completed application.
Apply Link: https://www.buddy4study.com/page/raman-kant-munjal-scholarships
Students should review every detail before submission because incorrect or incomplete information can affect document verification.
Other Scholarships for Management Students
Students who do not qualify for Raman Kant Munjal can explore other opportunities according to their study level and background.
BBA and BMS students can check merit-based, income-based and category-specific undergraduate scholarships available through government portals, universities and private organisations.
MBA and other postgraduate management students can explore UGC and institution-specific scholarships. The UGC National Scholarship for Post Graduate Studies is one option for eligible first-year regular/full-time postgraduate students.
Students who do not qualify for Raman Kant Munjal can explore other opportunities according to their study level and background. For more options, see our guide to scholarships for management(MBA) students in India, which covers scholarships available for different management courses and eligibility categories.
Can Management Students Apply for More Than One Scholarship?
Students can apply for multiple scholarships only when the respective schemes permit it. From the 2026–27 academic year, NSP allows students to apply for one merit-based scholarship and one or more welfare-based scholarships, provided they meet the conditions of those schemes.
FAQs
Can BBA students apply for the Raman Kant Munjal Scholarship?
Yes. BBA is among the eligible courses for the 2026–27 scholarship, provided the student satisfies the remaining eligibility requirements.
What is the maximum Raman Kant Munjal Scholarship amount?
Eligible selected students can receive up to ₹5.5 lakh per year for up to three years.
What is the family income limit?
The annual parental income must not exceed ₹6 lakh from all sources.
Where can students find government scholarships?
Students can search eligible government schemes through the National Scholarship Portal, which is open for the 2026–27 academic year.
What should students verify before applying?
Check the eligible course, study year, academic marks, income limit, required documents and closing date in the latest scholarship notification.
Source note: Eligibility, benefits and deadlines can change between scholarship cycles. Students should verify the latest information on the scholarship provider’s official notification and the National Scholarship Portal before applying.
