Institute-Wide Scholarships
Modern College of Commerce and Management Bengaluru offers several merit-based and need-based scholarships to support deserving students:
- MCM Merit Scholarship: Awarded to top 10% performers in each semester with a cash prize of INR 50,000 annually.
- MCM Need-Based Scholarship: For students from economically disadvantaged backgrounds with family income below INR 3 lakhs/year. Provides full tuition fee waiver plus a stipend of INR 10,000/month.
- MCM Leadership Excellence Award: Recognizes students who demonstrate exceptional leadership skills in extracurricular activities and community service.
- MCM Research Fellowship: For top-performing students interested in pursuing research projects. Offers INR 25,000/month for a period of 1 year.
- MCM Sports Excellence Scholarship: Supports students who excel in national-level sports competitions with a prize of INR 30,000 annually.
Alumni Scholarships
The college has established several donor-funded scholarships named after prominent alumni who have made significant contributions to society and industry:
- Dr. Ramesh Chauhan Memorial Scholarship: Named after a distinguished alumnus in finance, this scholarship supports students pursuing advanced degrees in finance with INR 50,000 annually.
- Mr. Suresh Kumar Endowment Fund: Supports students interested in entrepreneurship with INR 75,000 for startup initiatives.
- Ms. Priya Sharma Memorial Scholarship: For female students excelling in management and leadership roles, offering INR 40,000 annually.
- Mr. Anil Verma Legacy Award: Recognizes students with a history of community service and social impact projects, providing INR 60,000 annually.
- Dr. Meera Joshi Fellowship: Supports students pursuing research in sustainable business practices with INR 80,000 annually.
Government Scholarships
Students from specific categories are eligible for government-funded scholarships:
- Scholarship for Economically Weaker Sections (EWS): Provides financial assistance to students from EWS category with annual support of INR 10,000.
- Scholarship for Scheduled Castes (SC): Offers full tuition fee waiver and a monthly stipend of INR 15,000 for SC students.
- Scholarship for Scheduled Tribes (ST): Provides INR 20,000/month to ST students with full tuition fee coverage.
- Scholarship for Persons with Disabilities (PwD): Offers INR 25,000/month plus special accommodations and support services.
- Central Sector Scholarship for Minority Communities: Supports minority community students with INR 15,000/month for three years.
Corporate Scholarships
Several multinational corporations have partnered with MCM Bengaluru to provide scholarships for deserving students:
- Google India Scholarship Program: For students excelling in data science and computer science with a stipend of INR 50,000 annually.
- Microsoft Research Fellowship: Supports research-focused students with INR 75,000/year for a period of two years.
- Amazon Education Grant: For students pursuing business analytics and digital marketing with INR 60,000 annually.
- Apple Student Achievement Award: Recognizes academic excellence with a cash prize of INR 40,000 annually.
- Citibank Leadership Grant: Supports students interested in finance and risk management with INR 80,000 annually.
Application Process
The application process for scholarships is straightforward:
- Students must fill out an online application form available on the college website.
- All required documents including income certificates, academic transcripts, and recommendation letters must be submitted.
- Selection committees evaluate applications based on merit criteria such as academic performance, financial need, and extracurricular involvement.
- Shortlisted candidates are notified via email and invited for an interview or assessment.
- Final decisions are communicated within 15 days of the application deadline.
Applicants should ensure that all documents are up-to-date and accurately reflect their eligibility status. The college also provides guidance and support throughout the application process to help students succeed.