FAMT is the brainchild of Founder President Shri. Pralhad P. Chhabria, an eminent industrialist and philanthropist. Every tradition and activity at FAMT has a sense of social responsibility and students’ improvement. To imbibe the spirit of competition and to bring out the best in students, a good number of incentive prizes are awarded.
Chairman’s Award
Cash Prize of 
10,000/- to the student standing first in the Academy in the first year of Engineering (highest aggregate marks of semester I and semester II put together and passed successfully in each semester in the first attempt).
Late Smt. Mohini P. Chhabria Award
Cash prize of 10,000/- to the student standing first in the final year of each Engineering branch and MCA in the Academy.
Scholarships
There are various Scholarship Schemes by the Government of Maharashtra. Every year a good number of scholarships are being distributed by Hope Foundation to academically bright but financially deprived students. Chairman and the Management are very keen on ensuring that no student is deprived of education for want of financial support.
- Chairman Shri. P. P. Chhabria awarding Hope Foundation Scholarship to a student. Also seen Shri. Pratapsingh Rane, Speaker, Goa Assembly and Shri Nanik Rupani, Chairman Priyadarshni Academy, Mumbai at the Annual Day.
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