Raman Kant Munjal Scholarship 2026–27: Eligibility, Amount, Courses & Apply
The Raman Kant Munjal Scholarships 2026–27 support eligible first-year undergraduate students pursuing finance-related courses in India. The programme is initiated by the Raman Kant Munjal Foundation and supported by Hero FinCorp.
For the current 2026–27 cycle, applications are listed as open until 30 September 2026 through Buddy4Study. The scholarship provides financial assistance ranging from ₹40,000 to ₹5.5 lakh per year, for up to three years, subject to the programme conditions and the accepted college fee.
The scholarship is not intended for every undergraduate student. The most important requirements concern the applicant's year of study, course, Class 10 and Class 12 marks, parental income and nationality.
Raman Kant Munjal Scholarship 2026–27: Current Status
According to the current 2026–27 Buddy4Study listing:
| Particular | Current information |
|---|---|
| Scholarship | Raman Kant Munjal Scholarships 2026–27 |
| Initiative | Raman Kant Munjal Foundation |
| Supported by | Hero FinCorp |
| Application platform | Buddy4Study |
| Application status | Open |
| Last date | 30 September 2026 |
| Eligible applicants | Indian nationals |
| Study level | First-year undergraduate |
| Academic requirement | 80% in Classes 10 and 12 |
| PwD academic requirement | 70% in Classes 10 and 12 |
| Parental income | Not more than ₹6 lakh annually |
| Scholarship | ₹40,000–₹5.5 lakh per year |
| Duration | Up to three years |
| Payment | Direct Bank Transfer |
These conditions are based on the current 2026–27 listing and should be rechecked on the application page before submission because scholarship programmes can update their requirements.
What Is the Raman Kant Munjal Scholarship?
The Raman Kant Munjal Scholarship is an education-support initiative of the Raman Kant Munjal Foundation for students pursuing higher education.
The Foundation identifies scholarships among its education initiatives and says that its education work is intended to enable deserving students from disadvantaged backgrounds to pursue higher education.
Hero FinCorp also identifies the Raman Kant Munjal Scholarships among its CSR initiatives supporting meritorious students in higher education.
The 2026–27 scholarship is specifically focused on first-year undergraduate students in finance-related fields.
It is therefore different from a general scholarship that accepts students from any degree programme.
Quick Eligibility Check
Before starting an application, check these requirements:
1. Are you an Indian national?
The current listing is open to Indian nationals only.
2. Are you currently in the first year?
The scholarship is intended for students currently enrolled in the first year of an eligible undergraduate programme.
3. Is your course eligible?
The current listing specifically includes finance- and business-related courses such as:
BBA
BFIA
B.Com. (H, E)
Bachelor of Management Studies (BMS)
Integrated Programme in Management (IPM)
B.A. Economics
Bachelor in Business Studies (BBS)
It also refers to other finance-related undergraduate degree courses.
4. Did you score the required marks?
The current 2026–27 listing requires:
80% in Class 10
80% in Class 12
For PwD students, the listed requirement is:
70% in Class 10
70% in Class 12
5. Is parental income within the limit?
Annual parental income from all sources must not exceed:
₹6 lakh
6. Are you free from the stated employee exclusion?
Children of employees or contract employees of:
Hero FinCorp
Raman Kant Munjal Foundation
Buddy4Study
are excluded according to the current listing.
If all six checks fit your circumstances, you can then examine the document requirements and application procedure.
Eligible Courses
The scholarship is focused on undergraduate education related to finance, business, management and economics.
The current 2026–27 listing specifically names:
| Course | Listed in current programme |
|---|---|
| BBA | Yes |
| BFIA | Yes |
| B.Com. (H, E) | Yes |
| BMS | Yes |
| IPM | Yes |
| B.A. Economics | Yes |
| BBS | Yes |
| Other finance-related degree | Subject to programme eligibility |
A course should not be treated as eligible simply because its name contains a business-related word.
For courses outside the specifically listed programmes, the applicant should verify whether the course is considered a finance-related undergraduate degree under the current scholarship criteria.
This is particularly important for students enrolled in specialised or newly introduced degree programmes.
Academic Requirement
Academic performance is one of the mandatory eligibility conditions.
For the current 2026–27 cycle, applicants generally need:
80% in both Class 10 and Class 12
The current listing specifies a lower threshold of:
70% in both Class 10 and Class 12 for PwD students.
Applicants should use the marks shown on their official marksheets.
Do not calculate or enter an unofficial percentage simply to meet the requirement.
If your marksheet uses grades or another grading system, follow the conversion or documentation instructions provided by the application system rather than creating your own conversion.
Family-Income Limit
The current 2026–27 scholarship listing states that annual parental income from all sources must not exceed:
₹6 lakh per year
This requirement applies to the applicant's parental income as specified by the programme.
The application may require supporting financial documents.
The current document list refers to income proof such as:
Income Tax Return
Income Certificate
Salary slip for salaried parents
Applicants should provide the document appropriate to their family's circumstances and the instructions displayed on the application form.
What about older information showing ₹4 lakh?
Older editions of the scholarship have used different income thresholds. For example, an older 2024–25 programme listing stated a ₹4 lakh family-income condition.
That historical figure should not be substituted for the ₹6 lakh threshold shown for the 2026–27 cycle.
Scholarship Amount
The current 2026–27 listing states that selected students can receive:
₹40,000 to ₹5.5 lakh per year
The scholarship can continue for:
Up to three years
However, ₹5.5 lakh is the maximum published amount, not a guaranteed payment to every selected student.
The current programme information states that the exact scholarship amount depends on the accepted college fee and is subject to programme guidelines, academic performance and fund availability.
Therefore, two selected students should not necessarily expect identical payments simply because they satisfy the same basic eligibility conditions.
What Expenses Can the Scholarship Support?
The current listing identifies education-related expenses including:
Institution fees
Examination fees
Books
Stationery
Other academic expenses related to the course
The scholarship should therefore be understood as education assistance rather than an unconditional cash payment.
The actual amount available to a selected scholar depends on the applicable programme conditions and accepted college fee.
Preference Does Not Mean Automatic Selection
The current 2026–27 listing says preference will be given to applicants including:
Children of farmers
Children of domestic workers
Students from economically disadvantaged families
Applicants from Tier 3 and Tier 4 cities
These are preference factors, not substitutes for the basic eligibility requirements.
For example, belonging to a preferred group does not remove the requirement to meet the academic, income, course and first-year conditions.
Similarly, not belonging to one of these preference groups does not by itself mean that an otherwise eligible applicant cannot apply.
Documents Required
The current application listing identifies several documents that applicants should prepare.
These include:
Recent passport-size photograph
Parents' PAN card
Parents' masked Aadhaar card
Class 10 marksheet
Class 12 marksheet
Current academic enrolment proof
College ID card, where applicable
Demand receipt, fee receipt or bonafide certificate
Applicant's LinkedIn profile URL
Parental income proof
Parents' bank-account statements
Applicant's bank-account details
Passbook copy or cancelled cheque in the applicant's name
Affidavit confirming that the submitted documents are genuine
Income documents
The current listing refers to documents such as:
ITR
Income Certificate
Salary slip for salaried parents
The precise document accepted can depend on the applicant's circumstances and the instructions displayed in the application form.
Bank documents
The listing requires bank details for the applicant and refers to a passbook copy or cancelled cheque in the applicant's name. Scholarship payments are identified as being made through Direct Bank Transfer.
Applicants should make sure names and account information are entered accurately.
How to Apply for Raman Kant Munjal Scholarship 2026–27
Applications are submitted online through Buddy4Study.
The current application process can be summarised as follows.
Step 1: Open the current scholarship listing
Use the current Raman Kant Munjal Scholarships 2026–27 listing on Buddy4Study.
Step 2: Register or sign in
Existing Buddy4Study users can sign in. New users can create an account using the registration options provided by the platform.
Step 3: Start the application
Open the scholarship application and begin the eligibility check.
Step 4: Complete the eligibility information
Provide the requested details so the application system can assess the basic eligibility conditions.
Step 5: Complete the form
Enter your:
Personal details
Academic information
Course information
College information
Family details
Income information
Step 6: Upload documents
Upload the documents requested by the application system.
Step 7: Preview
Check the complete application carefully before submission.
In particular, verify:
Name
Class 10 marks
Class 12 marks
Course
College
Income
Bank details
Uploaded documents
Step 8: Submit
Accept the applicable terms and submit the application.
Keep the application confirmation or other reference information for your records.
Current Last Date
The current 2026–27 Buddy4Study listing states:
30 September 2026
The listing currently shows applications as open.
Because the deadline is close, applicants should avoid waiting until the final day.
Problems such as missing income documents, unclear scans or incomplete application information can delay submission.
The application page should be checked again immediately before submission in case the provider changes the deadline or application instructions.
What Happens After You Apply?
Submitting the application does not mean that the scholarship has been awarded.
The programme describes a selection process in which applications are assessed and eligible candidates may proceed through further screening and verification. Buddy4Study states that the scholarship involves a rigorous selection process, while Hero FinCorp describes the programme as using a rigorous selection process.
Applicants should therefore distinguish between:
Application submitted → eligibility review → selection/verification → scholarship award
These are not the same event.
Meeting the minimum marks and income requirements does not by itself guarantee selection.
Scholarship Payment
The current 2026–27 listing states that payment is made through:
Direct Bank Transfer (DBT).
Applicants should ensure that the bank details submitted through the application are correct.
Do not share banking security information with another person claiming to process the scholarship.
Never provide an unofficial agent with:
OTP
ATM PIN
UPI PIN
Internet-banking password
Card security information
A legitimate scholarship application should not require disclosure of these confidential credentials.
Common Mistakes to Avoid
1. Using an old income limit
Older editions may contain different income criteria. The current 2026–27 listing states ₹6 lakh.
2. Treating ₹5.5 lakh as a guaranteed payment
₹5.5 lakh is the maximum published annual amount. The actual award depends on the accepted college fee and programme conditions.
3. Applying with an unrelated course
The programme is intended for specified finance-related undergraduate education.
4. Ignoring the first-year requirement
The current listing specifically targets students enrolled in the first year of eligible undergraduate programmes.
5. Entering marks that do not match the marksheet
Use official academic records.
6. Uploading incomplete income documents
Check that the income documentation satisfies the current application requirements.
7. Confusing preference with eligibility
Being a child of a farmer or belonging to a Tier 3/Tier 4 city may provide preference, but it does not replace the core eligibility requirements.
8. Paying someone for guaranteed selection
No unofficial person should be trusted to guarantee scholarship approval.
Is This a Government Scholarship?
No.
The Raman Kant Munjal Scholarship is a private/CSR-supported education initiative, not a Central Government or State Government scholarship.
The Raman Kant Munjal Foundation identifies scholarships as one of its education initiatives, while Hero FinCorp identifies the Raman Kant Munjal Scholarships among its CSR programmes.
This distinction matters because applicants should not confuse this scholarship with schemes administered through government portals such as the National Scholarship Portal.
Official and Application Information
For the live application criteria and deadline, applicants should check the current Buddy4Study scholarship listing.
Buddy4Study — Raman Kant Munjal Scholarships 2026–27
For information about the organisation itself:
Raman Kant Munjal Foundation — Official Website
The current Buddy4Study listing gives scholarship-specific support as scholarships@rkmfoundation.org and 011-430-92248 (Ext. 326), Monday to Friday, 10:00 AM–6:00 PM IST.
The Foundation's current website separately lists info@rkmfoundation.org and +91 8930077177 as its general contact details.
Check the Latest Information Before Applying
Before submitting the application, verify these six points on the current scholarship listing:
Deadline — currently 30 September 2026.
Course — confirm that your degree falls within the eligible finance-related category.
Year of study — confirm that you are a first-year student.
Academic marks — confirm the Class 10 and Class 12 thresholds.
Income — confirm the ₹6 lakh parental-income limit and acceptable proof.
Documents — use the current checklist shown in the application form.
This is particularly important because scholarship conditions can change between application cycles.
Key Takeaways
The Raman Kant Munjal Scholarship 2026–27 is an education initiative of the Raman Kant Munjal Foundation supported by Hero FinCorp.
The current application listing shows a 30 September 2026 deadline.
It is primarily intended for first-year undergraduate students in finance-related courses.
Listed courses include BBA, BFIA, B.Com. (H, E), BMS, IPM, B.A. Economics and BBS, among other finance-related degrees.
The current academic requirement is 80% in both Class 10 and Class 12, with 70% specified for PwD applicants.
Annual parental income must not exceed ₹6 lakh under the current listing.
Scholarship assistance ranges from ₹40,000 to ₹5.5 lakh per year, for up to three years, but the maximum amount is not guaranteed to every selected student.
Preference categories do not replace the mandatory eligibility requirements.
Application is online through Buddy4Study.
Applicants should use the current application page and avoid unofficial agents claiming guaranteed selection.
Disclaimer
Direct Govt News is an independent informational website and is not the scholarship provider, Raman Kant Munjal Foundation, Hero FinCorp or Buddy4Study.
Scholarship amounts, eligibility requirements, documents, selection procedures and deadlines can change. The scholarship provider determines eligibility and selection. Applicants should verify the latest information on the current application page and relevant Foundation information before submitting personal documents.
Meeting the published eligibility requirements does not guarantee selection or scholarship payment.
Students looking for other scholarship opportunities can also check the PM YASASVI Scholarship 2026 , which provides financial support to eligible students under its applicable categories.
Students from Karnataka can explore the Devaraj Arasu Scholarship 2026 for additional higher-education financial assistance.
Another option for students is the Vidyadhan Scholarship 2026 Karnataka , particularly for eligible students seeking scholarship support for higher education.
Students can also learn about the Sitaram Jindal Foundation Scholarship as another private scholarship opportunity in India.
For students interested in other merit-based opportunities, see the JM Sethia Merit Scholarships 2026 .
Students can also compare this opportunity with the PM YASASVI Scholarship 2026 before choosing a suitable scholarship programme.
Authoritative Reference Sources- Buddy4Study – Raman Kant Munjal Scholarships 2026–27 – Check the current eligibility criteria, scholarship amount, courses, documents, application process and deadline.
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