Financial assistance in the form of scholarships is given to poor and meritorious students. Around 225 students enjoyed such scholarships during the year. Persons who wish to help them are cordially invited to contribute to the General Fund or one or more of the Funds. Memorial Scholarships have been instituted to perpetuate the memories of Swami Lokeswaranandaji Maharaj, Prof. Pratul Chandra Rakshit, Prof. Anil Kumar Bhattacharya, Prof. K.C.Ghoshal, Dr. Mitra, Prof. M.L. Nag - who have been legendary figures. We appeal to you to contribute generously to all these funds. Payments may be made by drafts or crossed cheques on scheduled banks in Calcutta drawn in favour of " R.K.M.A. College Students' Home. " Donations are exempt from income tax under Section 80G of the IT Act, 1961.

Two covetable awards and some scholarships have been instituted in the hallowed name of Swami Lokeswaranandaji Maharaj - the founder of this great institutional complex. In this regard, we want to raise funds of at least 50 lakh to be invested in fixed deposits which will fetch annually the necessary amount to be awarded to two all-rounders, one from H.S. and the other from the Degree course. Besides, at least ten poor but meritorious  students of the college will have education free of cost. May we solicit your participation in this noble effort of honouring a Karmayogin in our own humble way. Cheques or drafts may be drawn in favour of "Ramakrishna Mission Ashrama College Students' Home" payable at any scheduled branch in Calcutta .