Education has long been considered one of the most powerful tools to break the cycle of poverty and transform lives. However, the cost of higher education continues to be a challenge for many students from economically weaker backgrounds. To bridge this gap, the Mirae Asset Foundation, a philanthropic arm of Mirae Asset Financial Group, offers a meaningful solution through its annual Mirae Asset Foundation Scholarship Program.
Launched in 2018, the Foundation has steadily worked towards creating equal learning opportunities across India. In 2025, the scholarship continues to support undergraduate and postgraduate students who demonstrate academic merit but face financial limitations. The last date to apply for the 2025 scholarship cycle is 20th June 2025.
Objective of the Program
The Mirae Asset Foundation Scholarship is designed to ensure that financial barriers do not prevent capable and hardworking students from achieving their educational goals. The core aim is to provide direct financial aid to those enrolled in full-time undergraduate and postgraduate programs in India. With the rising costs of tuition, hostel accommodation, books, and related expenses, the scholarship can significantly lighten the financial load for deserving students.
Who Can Apply?
This scholarship program is open to students from all parts of India, provided they meet the eligibility criteria. Here’s what applicants need to qualify:
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Current Academic Status: The applicant must be pursuing a recognized full-time undergraduate or postgraduate course.
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Minimum Academic Marks: Students should have scored at least 60% in their previous academic year.
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Annual Family Income: The total income of the applicant’s family must be less than or equal to ₹8 lakh per year.
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Other Notes: Children of employees working at Buddy4Study, the platform facilitating the scholarship, are not eligible.
Financial Support Offered
One of the standout aspects of this scholarship is its generous financial coverage:
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Undergraduate students can receive up to ₹40,000.
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Postgraduate students are eligible for up to ₹50,000.
The funds are transferred directly to the educational institution and can be used to pay for tuition, hostel fees, mess charges, or any other academic-related payments.
Documents Required
To apply successfully, students need to submit clear scanned copies of relevant documents. The required documents include:
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Government-issued address proof (Aadhaar card)
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Admission letter for the current academic year, including fee structure and institution bank details
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Bank account details of the institution
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Academic records (marksheets from previous year and Class 12)
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Family income proof (ITR, salary slips, or EWS certificate)
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Recent passport-size photograph
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Category-specific documents (like disability certificate, OBC certificate, or transgender ID, if applicable)
Incomplete or incorrect submissions may lead to disqualification, so students are advised to be meticulous with their applications.
Application and Selection Process
Applying for the scholarship is a completely online process. Here’s a step-by-step guide:
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Visit the official Buddy4Study scholarship page.
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Register or log in using your email ID, mobile number, or Gmail account.
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Search for “Mirae Asset Foundation Scholarship Program 2025” and click on the “Start Application” button.
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Fill out the application form with accurate personal, academic, and financial information.
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Upload all required documents.
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Accept the terms and conditions, preview your form, and submit.
Once submitted, the applications go through a multi-stage selection process:
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Initial Shortlisting: Based on eligibility, academic performance, and financial background.
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Telephonic Interview: Shortlisted candidates may be interviewed to understand their aspirations and circumstances better.
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Document Verification: All details submitted will be verified before the final decision.
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Final Selection: Candidates selected after thorough evaluation will be notified and awarded the scholarship.
Deadline to Apply
Students aspiring to benefit from this opportunity must submit their applications by 20th June 2025. Applications submitted after this date will not be considered.
Why This Scholarship Matters
In a country as vast and diverse as India, talent is abundant, but opportunities are not always evenly distributed. The Mirae Asset Foundation Scholarship plays a crucial role in correcting this imbalance by investing in the education of promising students who may otherwise be left behind.
The initiative not only uplifts individuals but also contributes to the larger goal of building an educated and empowered society. It reinforces the idea that no dream should be deferred due to lack of funds.
For students with determination and academic drive, this scholarship could be the gateway to a brighter future.
