About M3M Foundation Saakshar Scholarship Scheme 2022-2023
SAAKSHAR is the signature programme of M3M Foundation, which addresses the core issue of inaccessible and unaffordable education among the underprivileged communities. The purpose of the SAAKSHAR Scholarship is to harness and nourish the capabilities that lie within the children experiencing financial barriers to education. The success of the scholarship is defined by creating an environment and providing the resources for the next generation to overcome the barriers and fulfill their dreams.
OBJECTIVE- To provide financial help to students from low-income families to continue and complete their education. The scholarship program is designed to help bridge the financial gap that often prevents students from pursuing their dreams of higher education.
SCHOLARSHIP CRITERIA- Many factors must be considered when establishing scholarship criteria for applicants, including financial need, achievement, geographic distribution and demographic characteristics. Below is the list of criteria selected by M3M Foundation which support the purpose of our scholarship intervention.
ELIGIBILITY
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To be eligible, an applicant must not be receiving an equivalent award or Scholarship from another institution or organisation.
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Maintaining a full-time or part-time (if applicable) enrolment.
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Enrolled in his or her current course of study. Any application for course transfer will require reassessment against the eligibility criteria and may lead to scholarship termination.
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Maintaining a minimum 85% of average score, where academic merit is a condition of the selection criteria.
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Passing more than 50% of his or her enrolled study load and not failing the same unit two (2) or more times, where satisfactory progression is a condition; or
SCHOLARSHIP CATEGORIES: There are 2 main categories of Scholarship-
1. Scholarship for Students with Financial Hardship: This Scholarship provides financial aid to children of families whose annual income is below 3 lakh. The Scholarship Amount for these recipients will be under the following condition:
2. Scholarship for Meritorious Students: This Scholarship provides financial aid to meritorious students facing financial hardship to opt for higher professional/ technical education. The students must score minimum 85% marks to get eligible for the scholarship.
SELECTION PROCESS
The Scholarships are a competitive process. Selection is primarily based on the applicant’s academic record, and financial hardship. Further criteria are outlined in each Scholarship conditions. The Scholarships selection process must be transparent, ethical and follow the below process:
Application
Screening
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All screening of scholarships will be administered by the programmes team
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A basic assessment will be done to ensure the eligibility of the applicants
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Only those applicants who are eligible and/or are of the highest calibre will be referred for further consideration.
Shortlisting
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All the submitted documents will be checked and verified by the programmes team.
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If required the team will get in touch with the institute authorities to verify the details.
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The team will remove any applicant who does not meet the basic criteria.
Selection
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The final list of applicants will be presented to the Management for approval
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Post approval, the selected candidates will be informed regarding the scholarship.
List of Documents Required for filling the form:
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Passport Size Photograph
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Addhar Card
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Current Admission Papers
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Current Fee Structure
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Annual Family Income Affidavit (only parents income required)
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Marksheets of most recent examinations and marksheets of 10th, 12th, graduation, masters etc.( in a single pdf file)
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Bank Details of Institution in the format specified in the document. Please download the format from here
For more information click here
