Educational Endowment Trust

Bridging the Gap to Higher Education

The KGMAY Educational Endowment Trust is dedicated to supporting meritorious students in their journey toward higher learning. Established in memory of our ancestors, our mission is to provide interest-free educational loans.

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Service Through Education

Built on a permanent corpus, using only the interest earned to fund scholarships.

About KGMAY

Our Legacy of Service

Founded on September 20, 2023, in Hyderabad by Kunamneni Satyanarayana and Kunamneni Aruna Kumari. The Trust honors the legacy of the Kunamneni family and associated families.

  • Provide financial assistance beyond the 12th standard.
  • Support for Graduation, Post-Graduation, or Doctorate programs.
  • A commitment to work toward the nation’s growth.
Scholarship Eligibility

Criteria to Apply

To be eligible for an interest-free KGMAY loan scholarship, candidates must meet the following core requirements.

Academics

Must have secured 60% or above in qualifying examination.

Programs

Pursuing higher education in India or equivalent abroad.

Preference

Priority is given to orphans and semi-orphans who meet criteria.

One at a Time

Eligible for a new loan only once previous loan is fully repaid.

Note: Final selection is purely at the discretion of the Trust.

Loan Details

Structured Financial Support

Loans range from ₹90,000 to ₹9,90,000 (provided in multiples of ₹90,000). Repayment begins after graduation.

₹90,000 to ₹2,70,000

Approx. ₹5,000 – ₹15,000/month

18 Months Repayment

₹3,60,000 to ₹5,40,000

Approx. ₹12,000 – ₹18,000/month

30 Months Repayment

₹6,30,000 to ₹8,10,000

Approx. ₹17,500 – ₹22,500/month

36 Months Repayment

₹9,00,000 to ₹9,90,000

Approx. ₹20,000 – ₹22,000/month

45 Months Repayment
Rules & Commitment

Important Policies

Guidelines all candidates must agree to when accepting a KGMAY Loan Scholarship.

The student and a parent/guardian must execute a bond on ₹100 non-judicial stamp paper, undertaking to repay the loan within five years of course completion.
If the loan is not repaid within the stipulated time, interest will be charged at the rate used by the Union Bank of India for personal loans.
Recipients are expected to complete their education and work toward the growth of the nation with minimum self-interest.
Students studying overseas are required to return to India upon completion of their studies or after gaining a maximum of three years of work experience abroad.
Our Impact

Success Stories

“The interest-free loan from KGMAY allowed me to pursue my Master’s degree without the crushing anxiety of standard bank loans. It truly bridged the gap for my higher education.”

Sri Samskruthi Kokkond

University of Arizona, USA / Space Medicine

KGMAY Success Story

Start Your Application

The Trust establishes specific rules updated from time to time. Please ensure you have all necessary documents ready for upload.

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