MBA Scholarships Offered by IIMs in India: Know the Selection and Awarded Amount
IIMs in India provide scholarships and financial aid for their candidates. Interested candidates can take a look at the available MBA scholarships offered by the IIMs in India.
MBA Scholarships Offered by IIMs in India: Pursuing a career in management can make the life of a person. But at what cost? It is a widely known fact that management courses are quite expensive. And in such a situation, scoring an MBA scholarship would be like a cherry on top. Hence, these IIMs have carefully drafted these scholarships in consideration of all facts. Candidates who wish to get an MBA scholarship should make efforts to get one.
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Types of MBA Scholarships in India Offered by IIMs
Every year in the months of July and August, immediately after the completion of the MBA admission process, candidates can apply for the MBA scholarship. Paying the tuition fees of an IIM can be quite heavy on the pocket. A scholarship can solve most of the major issues. Usually, scholarships are based on entrance tests or past academic grades. However, candidates with low family income, belonging to minorities, socially and economically backward, especially-abled may also get MBA Scholarships.
Scholarships offered by IIMs can be segregated into two types:
Need-based Scholarships: The family income of the students determines the scholarship amounts. Only those students who belong to financially weaker backgrounds are offered this scholarship.
Merit-based Scholarships: Candidates securing high scores in the CAT exam and performing exceptionally well in the entrance exams conducted by IIMs are offered these scholarships.
Here are the IIMs that provide MBA scholarships and their eligibility criteria.
MBA Scholarships Offered by IIMs in India: Eligibility Criteria
The eligibility criteria for availing MBA scholarships offered by IIMs in India have been mentioned below.- Results of the written examination conducted by the MBA college
- Results of the GD/PI interviews conducted as part of the job application process
- The recipients of scholarships awarded based on merit and state rankings
- Employment history
- Those who have represented their country at the national level in sports are eligible for the Sports Scholarship.
- Academic accomplishments of the MBA College during the current academic session, including its top students
- Physically challenged, SC, or ST candidates are eligible for the scholarship.
MBA Scholarships at IIM Ahmedabad
Indian Institute of Management, Ahmedabad offers scholarships based on various factors. It strongly believes that all candidates should have equal opportunities for education, and no one should be deprived of it due to financial problems. IIM Ahmedabad offers multiple scholarships apart from government scholarships for its students.
Name of the Scholarship | Criteria | Amount |
Aditya Birla Scholarship |
| Rs. 1.75 lakh |
OPJEMS Scholarship |
| INR 1.50 lakh |
IIM Ahmedabad Special Needs Scholarship |
| - |
PGP Alumni Endowment Funds |
| Rs. 2 Lakh -Rs. 3 Lakh. |
Shri GC Mital Entrepreneurship Aid |
| Rs. 2 Lakh |
Dunia Scholarships for scholastic excellence |
| Rs. 1 Lakh |
T. Thomas Scholarship |
| Rs. 1 Lakh |
MBA Scholarships at IIM Bangalore
Another prestigious IIMs campus that offers a range of MBA Scholarships is IIM Bangalore. IIM Bangalore provides Financial Aid to all Post Graduate candidates with low household income. Further, it also provides a range of scholarships.
Name of the Scholarship | Criteria | Amount |
IIM Financial Aid |
| |
The Citi Women's Leader Award |
| The entire tuition fees of the second year will be covered. |
Societe Generale Global Solution Centre India Scholarship |
| The entire tuition fees of the second year will be covered. |
IIMB PGP Alumni First Batch (1976) Scholarship |
| Rs 75,000 stipend |
Runwal Education Trust Scholarship |
| Rs. 1 Lakh |
Yes Bank Scholarship |
| Rs. 2 Lakh |
Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD) |
| Rs. 2,55,000 per year. |
MBA Scholarships at IIM Lucknow
Also, IIM Lucknow provides various scholarships and financial aids to its students. Candidates must make use of these scholarships to get financial assistance.
Name of the Scholarship | Criteria | Amount |
Need-based IIML Scholarships |
| Tuition Fees of the particular academic year. |
Amrit Kala Dayal Scholarship |
| Rs. 75,000. |
Bharti Scholarship |
| Rs. 50,000 |
The Government of India Merit-cum-Means scholarships |
| Rs 2,200 per year |
MBA Scholarships at IIM Kozhikode
Similarly, students taking admissions in IIM Kozhikode may also apply for MBA scholarships. This institute also provides scholarships based on previous year’s performance. Also, students from low-income backgrounds can apply for the scholarship.
Name of the Scholarship | Criteria | Amount |
Sir Ratan Tata Trust Scholarship |
| Rs. 1 Lakh. |
Societe Generale Global Solution Centre India Scholarship |
| Complete Expense of the Candidate. |
MBA Scholarships at IIM Indore
IIM Indore offers MBA Scholarships as financial aid. Interested candidates can take a look at the criteria for applying for the scholarship.
Name of the Scholarship | Criteria | Amount |
Need-based Financial Assistance (NBFA) |
| - |
MBA Scholarships at IIM Calcutta
IIM Calcutta offers the following scholarships to meritorious candidates:
Sponsored Sponsorships |
|
Institute scholarships |
|
Top B-Schools offer a range of scholarships to provide assistance to all its candidates. Hence, candidates must take a look and grab these opportunities. Additionally, many industries, as well as corporations, also provide scholarships to students. You will simply have to know how to apply for them. OP Jindal Engineering and Management Scholarships and Aditya Birla Group Scholarships are available at many universities, IIMs, top-ranking B-Schools, and institutes.
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