Raman Kant Munjal Scholarship 2026 27, Up to Rs. 5.5 Lakh

Raman Kant Munjal Scholarship 2026-27: Applications Now Open

In addition to getting accepted into a quality college, the cost of tuition and other academic expenses can lead to financial challenges. The 2026-27 edition of the Raman Kant Munjal Scholarship aims to help students overcome this problem. The Raman Kant Munjal Foundation, along with Hero FinCorp, has established this scholarship to help financially challenged but brilliant students pursue finance, management, economics, and other closely related fields of bachelor’s degree study. During this cycle, this scholarship is open to first-year university students. The award supports students with ₹40,000 to ₹5.5 lakh for a maximum of three years.

Raman Kant Munjal Scholarship 2026-27: Key Details

The award is supposed to be disbursed through Direct Benefit Transfer (DBT) under the current program.

Who Can Apply?

Only students in the first year of an eligible program are eligible to apply. Some eligible programs are:

• Bachelors in Business Administration (BBA)
• Bachelor's in Finance, International Affairs, and Accounting (BFIA)
• Bachelor of Commerce (Hons./Economics).
• Bachelor of Business Studies (BBS)
• Bachelor of Management Studies (BMS)
• Integrated Programme in Management (IPM)
• Bachelor of Arts (Economics)
• Other eligible undergraduate finance-related programs

Applicants should have scored at least 80% in both Class 10 and Class 12. For students with disabilities (PwD), the minimum requirement is 70% in both assessments. Applicants must have an annual parental income of no more than ₹ 6 lakh.

Indian citizens are eligible to apply. Children of employees or contract employees of Hero FinCorp, Raman Kant Munjal Foundation and Buddy4Study are not eligible.

Preference For Students From Disadvantaged Backgrounds

The scholarship is not a straight-up highest-scorers scholarship. The current preference may be given to applicants from economically disadvantaged backgrounds including children of domestic workers, farmers, and students from Tier 3 and Tier 4 cities.

It is useful to have financial information as part of the scholarship criteria.

Total Amount of Scholarship

Selected students will receive between ₹40,000 to ₹5.5 lakh every year, for a maximum period of 3 years. The scholarship does not guarantee a minimum of ₹5.5 lakh for every scholar. Scholarship funds can be used to pay:

• Admission fee
• Examination fee
• Book fee
• Stationery and other stationery expenses

Supporting Documents

Here is a list of the supporting documents students should gather before filling the form.

• Recent passport-size photograph
• Class 10th mark sheet
• Class 12th mark sheet
• Proof of current college enrollment
• College ID, bonafide certificate or latest fee receipt
• College fee-related document
• Parents PAN Card
• Parents' masked Aadhaar card
• Proof of Income
• Parents bank statement
• Applicant's bank account
• Applicant's LinkedIn profile URL
• Affidavit confirming the authenticity of submitted documents

Applicants can choose to submit any of the following as proof of income: IT Returns, income certificate or salary-related documents.

How to Apply for Raman Kant Munjal Scholarship 2026-27

The application process is online and follows the Buddy4Study portal. The process involves:

• Visiting the scholarship application page
• Logging in to Buddy4Study or registering
• Finding the Raman Kant Munjal Scholarships 2026-27
• Going through the eligibility check
• Filling in the application
• Uploading the application documents
• Reviewing the application
• Accepting the application terms
• Previewing the application
• Submitting the application form

The application needs to be submitted by August 31, 2026

Apply for Raman Kant Munjal Scholarships 2026-27

For the session 2026-27, applicants should expect a process of verification and selection after they submit the application, as opposed to an automatic process. The programme will conduct several stages of screening, including verification of college admission, an assessment, an essay, and interviews.

Therefore, students are advised to ensure that every detail of the application is accurate and consistent with their admission, academic and income documents.

Why This Scholarship Matters

The Raman Kant Munjal Scholarship focuses on funding the specific area of undergraduate education related to finance, management and economics. For students enrolled in a BBA, B.Com, BMS, IPM or a similar program, the financial grant for up to three years helps with the overall financial burden associated with the cost of tuition and other expenses. The foundation states that its focused effort in the area of education is meant to provide financially and economically challenged students with the means to pursue higher education.

The foundation states that its scholarship program has helped students pursue education at various institutions such as the IIMs, St Xavier’s College, the University of Delhi, BML Munjal University and Loyola College.

Final Thoughts

Raman Kant Munjal Scholarships for the financial year 2026-27 award a grant of ₹40,000 to ₹5.5 lakh for three years to first year students of finance/related programs. The main requirements of the award are 80% in Class 10 and 12, family income less than ₹6 lakh, and admission to an eligible course. PwD students have a requirement of 70% marks.

With the deadline of August 31, 2026, potential candidates are encouraged to apply and should prepare their documents and all required information for income, academics and enrollment, prior to filling the online form. The attractive maximum amount of ₹5.5 lakh should not be regarded as confirmation that the selected scholarships will be awarded this amount, as the award is contingent on the conditions of the program and assessment.

Click Here for More scholarship