Capital First launches scholarship program 2018

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SME Times News Bureau | 17 Aug, 2017
Capital First, a financial institution which provides debt financing to Micro, Small and Medium Enterprises (MSMEs) and consumers in India launched its Capital First Scholarship Program, the company said in a press statement.

Under the program, Capital First will grant 1 lakh p.a. as a scholarship to meritorious students from economically backwards sections of the society.

Capital First will sponsor about 100 deserving students whose annual family income is less than INR 6 lakhs annually.

Students who will begin their MBA program in the academic year 2017-18 will have to fulfill certain criteria, create an account on the portal and complete the formalities required for the online application.

Post the registration process, candidates are required to provide their personal details, academic records and upload necessary documents. Applications will be reviewed by Capital First Limited and the final intimation will be sent through a mail or can be viewed on the portal as well. The program has received a tremendous response with the company receiving over 500 applications so far.

The successful beneficiaries will be evaluated periodically from time to time to ensure the beneficiary fulfils his/her dreams by taking the program seriously.

"I believe there are a number of meritorious students in India who can get a higher education on merits but cannot afford it. Such students need assistance. We aim to assist such deserving students to aspire more and achieve more," said V Vaidyanathan, Founder and Chairman, Capital First Limited.

"We will not conduct any interviews for students for admission to this program- merit and economic status are the only criteria," he added.