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.
(b) Sri. P.K Muralidharan Memorial Endowment Fund:Instituted by Sri. Ramkumar in memory of his son Sri. P. K. Muralidharan who was a Lecturer of this College.
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.