mPokket Scholarships: So, you don't have to give up on your dreams

Feb 19, 2021
 |  1 min read

Bagging a scholarship is a big feather in the cap of any student's academic credibility. Even though you're still in the final stages of completing your education, a scholarship is a boon, especially if your finances are tight.

What is a scholarship?

With the rising costs of education, capable students are often forced to forego their dreams of higher studies on account of financial shortcomings.

Scholarships for education are financial aids awarded to promising students to help them further their studies in their chosen field.

Why scholarships are important?

Since scholarships are earned on merit, they are an automatic boost for your resume.

Aside from that, with education costs rising, scholarships are increasingly important to help those who are already stretched thin financially. Many give up on their dreams of further studies due to being low on financial reserves.

Among them, those who still push ahead, however, turn to borrow from relatives or banks, adding to their debts. Some students even opt to work at part-time jobs to help pay their way. Regardless, these additional burdens invariably end up affecting the student's focus. But scholarships enable students to divert all their attention and time towards their studies only.

Scholarships in India

Keeping all these benefits in mind, the government has allocated a considerable portion of its total education budget for providing scholarships in India. These range from scholarships awarded based on merit, means, talent, and various other categories.

However, in spite of this, many students' academic journeys get derailed. As per a report by the Institute for Policy Research Studies (PRS) in New Delhi, while 77 percent of students enroll themselves in Standard 10, while that number drops to 52 percent by Standard 11.

How the mPokket Scholarship can help college students

In achieving mPokket's vision of a better India, we believe no one should be deprived of fulfilling their academic potential and would like to help every promising student in achieving the bright future they deserve.

With this goal in mind, we are offering a scholarship for college students.

To be a part of this program, simply follow the below steps:

  • Log-in to your mPokket account
  • Apply for the scholarship program with your education details and family income status
  • Provide a recommendation letter from your faculty, printed on your college letterhead with signature and institution stamp
  • Submit your application, and post-approval of the same, the amount will be credited to your bank account

If this is the kind of opportunity you have been waiting for, we hope you take full advantage of it and get one step closer to achieving your dreams!

Gaurav Jalan

Gaurav Jalan is the Founder and CEO of mPokket, a digital lending platform serving underserved Indian youth. He leverages technology and experience to deliver cost-effective credit to marginalized populations. In his role, he provides strategic direction and oversees execution to fulfill mPokket's mission.