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Home Capital First Scholarship

Capital First Scholarship

  • Awarded to 150 students across the country
  • Scholarship open to students enrolled in India's Top 100 B Schools
  • The candidate's family income should be less than INR 6 lakhs p.a*.
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About Our Scholarship Program

We at Capital First Limited see education as a catalyst, an agent of change for individuals, families, communities, and nations. In line with our company tagline "Keep Aspiring", Capital First Limited, through its Corporate Social Responsibility (CSR) program is providing financial assistance to meritorious students from the economically weaker sections of the society so that they can afford admissions into reputed institutions who offer an MBA degree or its equivalent.

The scholarship program provides access to post secondary education (MBA degree or its equivalent) to eligible applicants who otherwise would not have the financial means to fulfill their educational goals and allows students to extend their reach to some of the best colleges/universities in India regardless of their financial situation.

Click here to see the list of B-schools candidates can apply to

Our Vision

Our vision is to provide our country with the best future leaders who are socially responsible and assure positive educational outcomes are accessible to all regardless of their economic circumstance.

Our Mission

To aid the access and persistence of higher education by providing meaningful financial support to students.

Our Belief

We recognize the importance of India's voice in the global marketplace and within our classrooms and believe no one should be denied access to good education due to financial inability.

We believe the most valuable investment any organization can make is in the development of future leaders hence Capital First Limited is dedicated to developing the next generation of leaders who can create value for their organisation and their communities.

Scholarship Criteria

We embrace and respect the variety of knowledge, skills and abilities possessed by each of the diverse individuals that apply for the scholarship. We celebrate the diversity in thought and culture and do not discriminate any applicant based on their religion, caste or creed. We believe that our differences allow us to expand our horizons and thus through the medium of this scholarship we wish to make a positive change in the lives of the individuals enrolling for this program.

  • Open for Indian Nationals residing in India only.
  • Gross annual family income from all sources should be less than or equal to Rs.6 Lakhs p.a*
  • Applicable for students enrolled in the batch of 2018-20

How do I Apply

Create an Account

If you meet the eligibility criteria you can create an account by providing your username and email address on our portal and complete the formalities required for the application Online.

Add Details

Post the registration process, you are required to provide your personal details, academic records and upload necessary documents.

Submit

We would advise you to save the changes during the application process to avoid any loss of data.

Final Intimation

Once the application is submitted, an applicant number will be generated through which you can track your application status. Applications will be reviewed by Capital First Limited and the final intimation will be sent through mail to your registered email address and can be viewed on the portal as well.

For any difficulty in the application process, candidates can write to capitalfirst@buddy4study.com

Scholars Speak

Capital First scholarship has helped me in a great way to fulfill my dream of studying in a reputed college to complete my post-graduation. Being from service class it was quite difficult for my father to send me to a MBA college where the education fee was so high. That's where Capital First scholarship gave me a new hope and reduced some amount of the burden on my parents. I am really thankful that the company has given me a chance to prove myself to the world.

Moumita Chandra
IFIM Business School,
PGDM (2017-19)

This initiative by Capital First to award scholarships to meritorious students has provided me a great opportunity to relieve some financial burden on myself and my parents. It was an honor to be selected among the 100 recipients across India for this esteemed scholarship. This scholarship has motivated me further to perform to the best of my abilities in academics at XLRI. I express my sincere gratitude to Capital First Limited for helping me pursue the dream of becoming a socially conscious business leader in future. Capital First representative that my problem got resolved and I was provided a good amount of loan against my property.

Pratik Agarwal
PGDM - BM, XLRI (2017-19)

This scholarship program by Capital First is indeed a noble Step towards helping meritorious students with a humble financial background to pursue their higher education. Scholarship helps them to focus on their studies without the worry of funding their education. Capital First's humble initiative of awarding scholarships to 9 students of XLRI is indeed a benevolent step in this regard. Hopefully, many such meritorious students from XLRI will continue to benefit from Capital First's scholarship in future, which will help them in their pursuit of becoming responsible leaders of tomorrow.

Ashis K Pani
Dean, XLRI Jamshedpur

Terms & Conditions

  • The Scholarships are open for studies in India and for Indian Nationals only.
  • The Candidates applying for the scholarship under this program should be pursuing MBA and/ or would be applying for MBA during the academic year 2018-19.
  • The amount of Scholarship that will be provided under this program will be a maximum of Rs.1 Lakh per student, per academic year and the scholarship amount will be only towards tuition fees and books.
  • The Gross annual family income, i.e. income of the parents/guardians from all sources should not be more than Rs.6 Lakhs per annum. Students having the lowest family income shall be given preference in the ascending order.
  • Candidates will be required to upload documents, e.g. Income Tax Returns of their parents/guardian(s) or in the alternative, Bank Statements of parents/guardian(s).
  • The final acceptance of the proposed candidates shall be on the basis of internal due diligence and checks done by the CFL Selection Panel and will be at all times subject to its management decision.
  • The final disbursement of Scholarship amount to the applicant's college/university shall be on the basis of the fee receipt evidencing part payment, submitted by the applicant. Receipt of the balance amount paid towards fees out of the Scholarship disbursed, shall be produced to CFL immediately on payment thus being made. Further, these fee receipts shall be retained with the beneficiaries and submitted along with other documents for availing the Scholarship for the consecutive academic year, as the case may be.
  • The candidates who are selected for the Scholarship will be intimated by CFL via email.
  • CFL reserves the right, in its sole discretion, to the fullest extent permitted by law: (a) to reject or disqualify any application; or (b) subject to any written directions from a regulatory authority, to modify, suspend, terminate or cancel the scholarship, as appropriate.
  • The Scholarship Application is open to only those desirous candidates who have all the requisite certificates and mark-sheets at the time of making the Application. No provisional Application will be entertained on any undertaking to the effect or otherwise that certificates and/or required documents will be furnished at a later stage.
  • CFL reserves the right, to use the photograph /profile of the scholarship applicant/beneficiary for future publication use; and/or disclosures; and/or for communication purposes with CFL's stakeholders as this initiative is under the Corporate Social Responsibility of CFL; and/or for submissions before various authorities and interested parties from time to time for reporting progress thereof; and/or for use in Corporate brochures, websites, archives and other material publicity, if any in relation to CSR activities.
  • As there shall be only 100 beneficiaries granted the Scholarship under this program, CFL reserves the right to stop the application process post achieving the final number of scholarships to be granted in a particular year, hence there will be no due date for closing applications.
  • The students who receive the Scholarship should be regular in attendance and excel in performance for which the yardstick shall be decided by the competent authority of the school/college/University as also abide by the rules and regulations of such Institute. Intimation to the University of the availed Scholarship is mandatory and shall be accompanied by a request made by the Beneficiary to the University for reporting the progress of the beneficiary/student to CFL. The Beneficiary shall complete this documentation and furnish a copy to CFL before disbursement of the Scholarship.
  • The students who receive the Scholarship should be regular in attendance and excel in performance for which the yardstick shall be decided by the competent authority of the school/college/University as also abide by the rules and regulations of such Institute. Intimation to the University of the availed Scholarship is mandatory and shall be accompanied by a request made by the Beneficiary to the University for reporting the progress of the beneficiary/student to CFL. The Beneficiary shall complete this documentation and furnish a copy to CFL before disbursement of the Scholarship.
  • In case of selection for the award of scholarship under this program, the awarders should not be the recipients of any other scholarships, from any other sources - Government, Corporate Private Bodies, Trusts, etc.
  • The Scholarship shall be cancelled/ discontinued forthwith and the amount of the scholarship paid shall be recovered, at the discretion of the concerned department of CFL if
    • -- (a) A student is found to have obtained a Scholarship by false statement/ certificates.
    • -- (b) A student violates any of the terms and conditions of the Scholarship.
    • -- (c) A student does not attend classes of the course or is found to be in violation of the Institutes' Rules and Regulations.
    • -- (d) Fails to obtain and maintain minimum performance/passing standard as required by the University Authorities and/or affiliates.
    • -- (e) Any misconduct on the part of the beneficiary, decision whereof will be at the sole discretion of the Selection Panel of CFL
  • This Scheme and Scholarship shall be evaluated at regular intervals by CFL and terms and conditions thereof may be modified, withdrawn or cancelled without prior notice to the Applicants at the discretion of the Selection Panel of CFL.
  • CFL reserves its right to independently verify and assess the claims made by candidates/beneficiaries regarding their family financial status and other criteria.
  • This is a beneficiary scheme as part of the Corporate Social Responsibility of CFL and is not as a matter of right to be claimed by candidates of economically weaker sections of society or otherwise. Candidates shall not have the right to raise any disputes regarding the Scholarship with CFL and shall have no right to claim any amounts or initiate any proceedings against CFL in respect thereof.