MUMBAI, India, April 12, 2022 /PRNewswire/ -- Mirae Asset Foundation (MAF), an institution that works across several areas of educational development in India, announced scholarships for meritorious and needy students at India's leading University – SVKM's Narsee Monjee Institute of Management Studies (NMIMS). To this effect, SVKM's NMIMS, School of Business Management has signed a Memorandum of Understanding (MoU) with Mirae Asset Foundation.

The scholarship will be awarded to the first and second-year students of MBA at NMIMS School of Business Management for the next three academic years beginning 2021-22. The grant will cover students' part annual fees in the first and second year of the program, and this will be evaluated every year and decided at the beginning of the academic session.

The students who receive this scholarship will be referred to as 'Mirae Asset Scholars' and take on the mantle to propagate MAF and its philosophy to fellow students and the campus. Also, awardees will undertake certain hours of community service in the field of education or any other area of service with the permission of the University at the time of the awarding of the scholarship.

Speaking on occasion, Dr. Prashant Mishra, Dean, NMIMS School of Business Management, said,  "We at School of Business Management are pleased to acknowledge, MAF merit-cum-needs based scholarship support for MBA program participants. This generous scholarship from MAF will aid our effort in building an inclusive and diverse student cohert in our program. It will also strengthen our collective resolve in ensuring that no needy student (especially from socially and economically backword groups) is denied educational opportunity due to lack of financial support."

Ritesh Patel, Director, Mirae Asset Foundation, said,  "We want to develop and support educational institutions of excellence and we are happy to partner with NMIMS which has been frontrunner in management education in India.   We have been already supporting their Social Entrepreneurship MBA program by providing scholarships to the needy students. To further establish strong ties with NMIMS and in line with our objective to support the youth pursuing higher education, we have decided to support the students pursuing MBA program through this meritorious and need based scholarships. I am certain that in the coming years, Mirae Asset Foundation's partnership with NMIMS will lead to strengthening several streams of educational leadership and excellence in India thereby establishing a rich legacy for future generations."

Students will be selected based on their merit and needs after reviewing the application. The department providing the MAF scholarship will check the application and eligibility of the candidate. Furthermore, the candidates whom NMIMS SBM selects will be interviewed by Mirae Asset Foundation and assessed for the scholarship award.

About Mirae Asset Foundation:  

Mirae Asset Foundation (MAF) is registered as a Section 8 company in 2018, that primarily works across several areas of educational development in India. MAF believes that education can be an empowering force that can transform society for the better. Investment in education can foster critical thinking, develop problem-solving capabilities, and create opportunities of learning for students from different backgrounds pursuing diverse disciplines of study at all levels. In line with their philosophy, MAF offers need cum merit scholarship support to students.

About SVKM's NMIMS University:

Established in 1981, NMIMS is today recognized as a globally reputed university with strong industry linkages. It offers multiple disciplines across eight campuses that consist of 17 specialized schools, more than 17,000 full-time students, and 800+ full-time faculty members, ten faculty members with Fulbright Scholarship and Humboldt International Scholarship for post-doctoral researchers. SBM has the prestigious Association to Advance Collegiate Schools of Business (AACSB) accreditation, which is known as the longest-standing and most prestigious professional accreditation in business education. It has NAAC accreditation with Grade A+ (3.59 CGPA), Mumbai Campus and is recognized as Category-I University by MHRD/UGC Grant of Graded Autonomy Regulation, 2018. SBM is one of India's leading business schools with a legacy of world-renowned faculty and excellent placement program. NMIMS which began as a business school 40 years ago, is known for its trailblazing curriculum. The school has consistently ranked among the top 10 B-Schools in the country since 1998, in various such published surveys.

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