1. Sri. K P Noorudheen Sahib Memorial Endowments ( 26 Nos. ) on Merit-cum-Means basis.
2. Central sector scheme of scholarships for college and university students. (by ministry of Human Resource Development, Govt. of India)
3. Post matric Scholarship for students belonging to minority communities (Govt. of Kerala).
4. Suvarna Jubilee Merit Scholarship (Govt. of Kerala)
5. Grant of financial Assisstance for education to the children of Beedi workers.
6. Scholarship for physically handicapped students.
7. Scholarship to Muslim girls students.
8. Shri. Sulthan Chand Memorial Scholarships instituted by Shri. Sulthan Chand Trust , New Delhi for students who secure highest percentage of marks in I & II year B. Com Degree examination.

There is a student aid fund available in the college. A committee consisting of the representatives of staff and students, nominated by the Principal selects the deserving students to get assisstance from the fund. Income of the parents is the main criterion to get assisstance from this fund.

Instituted by Sri. Ramkumar in memory of his son Sri. P. K. Muralidharan who was a Lecturer of this College.

1. To provide yearly scholarship of Rs.1000/- each to two students each of I, II and III B. Sc Mathematics every year.
2. To conduct inter collegiate quiz or Mathematics Seminar every year.
3. To provide cash awards to one student each in every main subject for general proficiency.
4. To publish a photo and remembrance news in fond memory of Late P. K. Muralidharan in college magazine every year.
5. To undertake other areas of service decided by the endowment.

P.K Muralidharan Memorial Trust

Sri P.K Muralidharan had been an inspiring presence of the Mathematics faculty who made a unique mark of his own through academic excellence and personal benevolence among the students and the staff of M.G College . His promising life and career was cut short when an accident put an end to his earthly existence in 2001.

Instituted by Sri. Ramkumar in memory of his son, Sri. P.K. Muralidharan memorial Endowment Fund envisaged the following activities for the welfare of the student community.

Coordinator: Dr.Bijumon.R. – HoD, Mathematics