M3M Foundation, the philanthropic arm of the M3M Group, has announced 500 scholarships, under their SAAKSHAR programme to provide financial help to students from across the country belonging to low-income families to continue and complete their education. The scholarship programme is designed to help bridge the financial gap that often prevents students from pursuing their dreams of higher education.
Several factors will be considered when establishing scholarship criteria for applicants, including financial needs, achievements, geographic distribution and demographic characteristics.
Dr Payal Kanodia, Trustee, M3M Foundation informed that the scholarship has been divided into two categories. One for students facing financial hardship. This scholarship provides financial aid to children of families whose annual income is below Rs 3 lakh. Students till class 8 will be able to avail 100 per cent tuition fees, while students studying in class 9 and above will be provided with 75 per cent of the tuition fees.
The second kind of scholarship is for meritorious students which will provide financial aid to 100 worthy students struggling financially to opt for higher professional/technical education. The students must score minimum 85 per cent marks to get eligible for the scholarship.
The scholarship selection process will be transparent and ethical. Application deadline is September 15, 2022. The details of the same can be seen at their official website.