MBA Scholarships Offered by IIMs in India: Know the Selection and Awarded Amount

ONGC MBA Scholarship

Erricson Empowering Girl MBA Scholarship Program

Aditya Birla Scholarship

• The scholarship applies to about three PGP students and is renewed based on their performance.

INR 1.75 lakh per year

OPJEMS Scholarship

• It is a merit-based scholarship provided to PGP students in the second year.
• Students are selected based on academic performance, online tests, and interviews.
• One student of each academic year will be awarded this scholarship on the basis of an online test conducted by OP Jindal Group.

INR 1.50 lakh per year

IIM Ahmedabad Special Needs Scholarship

• This is for PGP and PGP-FABM students.
• The family income of the candidate must be less than INR 15 Lakh per annum.
• The scholarship amount will be determined based on various factors: total family income, assets and ownership, and the number of dependents.

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PGP Alumni Endowment Funds

• Students from economically and socially disadvantaged backgrounds.
• On the basis of the need, the scholarship is provided to the candidate.
• Nine students from PGP I and PGP/FABM II are eligible.

INR 2 Lakh - INR 3 Lakh

Shri GC Mital Entrepreneurship Aid

• Candidates who skip the college placements and start their own business will be eligible.
• Only one candidate from PGP/PGP-FABM graduating will get this scholarship.
• Additionally, the student should have an education loan of a minimum of INR 1 lakh and a total family income of INR 8 lakh.
• The scholarship will be awarded on the basis of the business plan they submit.

INR 2 Lakh

Dunia Scholarships for scholastic excellence

• Merit-based scholarship for 2 PGP Students, one from each year.
• The scholarship is provided by Dunia Finance LLC, Dubai, UAE.

INR 1 Lakh

T. Thomas Scholarship

• Only one second-year student will be awarded.
• The criteria would be merit-cum-means. This is awarded by Hindustan Unilever Ltd.

INR 1 Lakh

Scholarships for Students with Disabilities (Central Sector Scheme for Top Class Education)

• For DA/PWD students with family income below INR 6 lakh per annum.
• Awarded by the government of India

Covers tuition and other expenses

Entrepreneurship Scholarships

• For students opting for entrepreneurship post-graduation.

INR 30,000 per month stipend for three yeaINR

INR 30,000 per month

Minority Welfare Scholarship (Merit-cum-Means)

• For minority community students with family income below INR 2.5 lakh per annum.
• Sponsored by the Ministry of Minority Affairs, Govt. of India.

Varies

SC/ST Scholarships (Central Sector Scheme for Top Class Education)

• For SC/ST students with family income below INR 4.5 lakh per annum.
• Awarded by the Government of India.

Covers tuition fees and other expenses

IIM Financial Aid

• The family income must be less than INR 8 Lakh per annum.
• Candidates experiencing financial distress may apply.

The amount of financial aid depends on factors like family income, assets, liabilities, and dependents, and the aid may vary for each applicant.

The Citi Women's Leader Award

• Merit-based scholarship.
• Students from the top 25% of the class will be awarded from the first year.
• Only second-year students are eligible.
• It is awarded to students through an evaluation process that includes a Statement of Purpose (SOP) and interviews.

Covers the entire tuition fee for the second year.

Societe Generale Global Solution Centre India Scholarship

• Merit-based scholarship.
• Only second-year students are eligible.
• On the basis of interviews, the scholarships will be awarded.

The entire tuition fee for the second year will be covered.

IIMB PGP Alumni First Batch (1976) Scholarship

• Female candidates with financial needs are the first preference, if not, male candidates are considered.
• Apart from the amount, a medallion and certificate are also awarded to the candidate.

It includes INR 75,000, a medallion, and a certificate.

Runwal Education Trust Scholarship

• Based on academic performance one PGP student is awarded.
• The first year's performance is the main selection ground.

INR 1 lakh is awarded to one PGP student annually.

Yes Bank Scholarship

• Top 20 students on the basis of admissions.
• Based on the CGPA score.
• Candidates must be a member of at least one student committee.

INR 2 Lakh

Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)

• The candidate must be 40% disability.
• Certificate of disability issued by competent medical authority.

INR 2,55,000 per year.

Need-based IIML Scholarships

• Merit-based scholarship.
• Based on financial need (family income considered post-admission).
• No merit-based criteria.

Tuition Fees for the particular academic year.

Amrit Kala Dayal Scholarship

• Only for a female candidate on the basis of CGPA.
• Based on CGPA and family income considerations.

INR 75,000.

Bharti Scholarship

• Bharti Enterprises provides scholarships to deserving and in-need candidates.
• The total family income should not exceed Rs 1,08,000.
• The scholarship is applicable for the entire education period of the PGP.

INR 50,000

The Government of India Merit-cum-Means scholarships

• Merit-based.
• A maximum of 25% of the candidates are awarded.
• Special criteria and means are to be fulfilled.
• Need or merit-based, depending on specific schemes available on NSP or state portals.

Rs 2,200

IIMK Merit Scholarship

• Awarded to top-performing PGP, PGPSM, and PGPFIN students based on CGPA.
• 1 scholarship for every 20 students in the first and second year.

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IIMK Need-Based Financial Assistance (NBFA)

The family's annual income is less than INR8 lakhs, and the education loan is from a scheduled bank. There is no record of indiscipline. The evaluation is based on financial score.

Determined by FAC

Top Class Education Scheme for SC Students

• SC category
• Annual parental income less than INR8 lakhs.
• Maximum 10 scholarships for IIM Kozhikode.

Covers tuition, books, etc.

National Fellowship and Scholarship for ST Students

• ST category
• Annual parental income less than INR6 lakhs.

Covers tuition, books, etc.

Merit Cum Means Scholarship

• Minority community students
• More than 50% in the previous final exam
• Annual family income less than INR2.5 lakhs.

Variable

Scholarships for Top Class Education for Students with Disabilities

• Disability more than 40%
• Valid disability certificate
• Annual family income less than INR8 lakhs.

Variable

Prime Minister’s Scholarship Scheme

• Wards of CAPFs, AR personnel, or recipients of gallantry awards.
• More than 60% in the entry qualification exam (10+2/Diploma/Graduation).

Variable

Rajarshee Shahu Maharaj Merit Scholarship

• Maharashtra domicile or border region; Maratha community
• Annual family income less than INR8 lakhs.

Variable

Scholarship Scheme for Tamil Nadu

• Tamil Nadu natives (BC/MBC/DNC communities.)
• Annual family income less than INR2 lakhs.

Variable

IDFC First Bank MBA Scholarship

• First-year MBA students.
• Annual family income less than INR6 lakhs.

INR1,00,000 per year

Mirae Asset Foundation Scholarship

• First and second-year PGP students.
• Annual family income less than INR8 lakhs.
• Selection based on interview.

INR5,00,000 per year

Aditya Birla Group Scholarship

• Top 20 first-year students; based on written test and interview.
• Renewable in second year for top 25 based on CGPA.

INR1,75,000 per year

OP Jindal Engineering & Management Scholarship (OPJEMS)

• Top 10 first and second-year PGP students.
• Selection based on OP Jindal's criteria.

INR1,50,000 per year

Need-Based Financial Assistance (NBFA)

• PGP, PGPH, and IPM participants with annual family income less than INR 12,00,000.
• Evaluation includes family income, assets, and disciplinary records.

Percentage of maximum aid is decided annually.

Aditya Birla Group Scholarship

• Top academic performers from the first-year batch.
• Renewal requires being in the top 25 based on CGPA for the first year.

The specific amount awarded to 1-2 academically outstanding students.

OPJEMS Scholarship

Top 20 students from the second year based on first-year CGPA.

The specific amount awarded to 1-2 students.

Citi Women’s Leader Award

Women students demonstrating leadership potential, evaluated through the Statement of Purpose and interviews.

Support based on leadership potential.

IDFC FIRST Bank MBA Scholarship

PGP participants with financial need.

Covers a portion of tuition fees for two yeaINR

Government Scholarships for SC/ST Students

SC/ST students meeting parental income criteria for the previous financial year.

Reimbursement of tuition fees, fundable charges, lodging, boarding, and study materials.

Merit-cum-Means Scholarship for Minority Students

Minority students pursuing professional and technical courses with annual family income limits.

Financial support for tuition and related expenses.

Scholarships for Differently-Abled Students

Students with disabilities pursuing postgraduate degree or diploma programs.

Full financial support, including tuition, lodging, boarding, and study materials.

Mukhya Mantri Medhavi Vidyarthi Yojana

Meritorious students from Madhya Pradesh meeting academic and income criteria.

Financial assistance covering education costs for eligible students.

Rajarshee Sahu Maharaj Scholarship

SC students from Maharashtra meeting income criteria.

Full tuition fee reimbursement for eligible students.

Industry-Sponsored Scholarships

High-performing students meeting specific academic or leadership criteria (e.g., SBI, Eicher Motors).

Amounts such as INR 1,50,000 (SBI) and INR 50,000 (Eicher Motors).

Aditya Birla Group Scholarship

• Top academic performers from the first-year batch.
• Renewal requires being in the top 25 based on CGPA for the first year.

Specific amount awarded to 1-2 academically outstanding students.

T. Thomas Scholarship

• Only one second-year student will be awarded.
• The criteria would be merit-cum-means. This is awarded by Hindustan Unilever Ltd.

INR 1 Lakh

OPJEMS Scholarship

Top 20 students from the second year based on first-year CGPA.

Specific amount awarded to 1-2 students.

Scholarships for Top-Class Education for Students with Disabilities

• Disability more than 40%
• Valid disability certificate
• Annual family income less than INR 8 lakhs.

Variable

Institute scholarships

• TIL Scholarship
• India Carbon Scholarship
• B.P. Poddar Scholarship
• Aditya Kashyap Memorial Scholarship (for 1st rank holder)
• P. R. Karthik Scholarship
• Aditya Kashyap Memorial Scholarship (for achieving highest CGPA in Compulsory & Elective Courses)

IIM Sirmaur MBA Scholarship 2025

IIM Ranchi MBA Scholarship 2025

IIM Kashipur MBA Scholarship 2025

IIM Nagpur PGP Scholarship 2025