IIM Indore PGP Scholarship

IIM Indore PGP Scholarship involves Need Based Financial Assistance (NBFA) for PGP, PGPH, and IPM students. It is available for those whose family income is less than INR 12,00,000 annually. Other scholarships are merit-based, government supported, etc.

About IIM Indore PGP Scholarship 2025

IIM Indore PGP Scholarship 2025 is dedicated to creating equitable educational opportunities through various financial aid initiatives. Its Need-Based Financial Assistance (NBFA) program ensures financial challenges do not hinder deserving students. PGP and PGPH program participants with an annual family income of less than INR 12,00,000 can apply for this aid. The selection process involves two stages: first, a detailed evaluation of the applicant’s financial background through their application, followed by a personal interaction to verify the authenticity of their claims. Aid allocation depends on the family’s income, assets, and the applicant's disciplinary record, making the process fair and transparent.

In addition to NBFA, IIM Indore provides several other scholarships to encourage academic excellence and inclusivity. Prestigious merit-based scholarships such as the Aditya Birla Group Scholarship and OPJEMS recognise outstanding performers, while the Citi Women’s Leader Award supports women demonstrating leadership potential. Government-funded scholarships cater to SC, ST, OBC, minority, and differently-abled students, covering tuition fees and other expenses. Industry-sponsored scholarships, like those from SBI and Eicher Motors, and accolades, such as the CSI Signature Award and KK Alagh Gold Medal, further reward exceptional academic and leadership achievements. These programs underscore IIM Indore's commitment to fostering talent and ensuring accessibility for all.

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Important Dates for IIM Indore PGP Scholarship 2025

The dates by which to apply for IIM Indore PGP Scholarship is as follows:

ParticularsDates (Tentative)
NBFA Scholarship deadlineSeptember 2025
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Overview of the IIM Indore PGP Scholarship 2025

Here are the details at a glance for IIM Indore PGP Scholarship 2025:

AspectDetails
Scholarship ProviderIIM Indore, corporate sponsors (e.g., Aditya Birla Group, OP Jindal Group), government ministries (e.g., Ministry of Social Justice, Tribal Affairs), industry partners (e.g., SBI, Eicher Motors), and state governments.
EligibilityParticipants admitted to PGP or PGPH programs with annual family income below INR 12,00,000. Students from all categories (General, EWS, SC, ST, OBC, PwD) meeting income criteria are eligible.
PurposeTo ensure that no student is deprived of education due to financial constraints while encouraging academic excellence and leadership potential.
Scholarship Amount
  • The amount varies depending on the scholarship. NBFA covers a percentage of the maximum aid determined annually.
  • Merit-based scholarships offer specific amounts (e.g., INR 1,50,000 by SBI, INR 50,000 by Eicher Motors).
Number of ScholarshipsVaries across programs and funding bodies. Typically, 1-2 students per category for corporate scholarships like Aditya Birla and OPJEMS. NBFA awards depend on the number of eligible applicants.
Selection CriteriaNBFA: Based on financial need, family assets, and disciplinary records. Merit-based scholarships: academic performance (CGPA), leadership potential, and interviews. Government schemes: Based on income thresholds and community eligibility.
Percentile RequirementsNo specific percentile for NBFA. Corporate scholarships require students to rank among top-performing candidates (e.g., top 25 for Aditya Birla).
Application ProcessApplicants must collect prescribed forms from the PGP/IPM office, complete all sections, and submit required documents. Some scholarships require additional steps like written tests, interviews, or statements of purpose.
Gross Family IncomeOnly students with an annual family income below INR 12,00,000 are eligible for NBFA. Government scholarships may have specific income caps as per policy.

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Types of Scholarships Offered by IIM Indore

The various types of scholarships available at IIM Indore are as follows:

Type of ScholarshipProviderEligibilityBenefitsSelection Criteria
Need-Based Financial Assistance (NBFA)IIM IndorePGP, PGPH, and IPM participants with annual family income below INR 12,00,000The percentage of the maximum aid decided annually is based on family income, assets, and disciplinary records.Financial need assessment through application and personal interaction.
Aditya Birla Group ScholarshipAditya Birla GroupTop academic performers from the first-year batch.The specific amount awarded to 1-2 academically outstanding students. Renewal requires being in the top 25 based on CGPA for the first year.Selection through academic performance and personal interviews conducted by the Aditya Birla Group.
OPJEMS Scholarship OP Jindal GroupTop 20 students from the second year based on first-year CGPA.The specific amount awarded to 1-2 students.Selection through written test and personal interview conducted by OP Jindal Group.
Citi Women's Leader AwardCitiWomen students are demonstrating leadership potential.Support is based on leadership potential, as evaluated through the Statement of Purpose and interviews.Selection is made through application, statement of purpose, and interview.
IDFC FIRST Bank MBA ScholarshipIDFC FIRST BankPGP participants with financial need.A need-based scholarship will cover a portion of tuition fees for two years.Financial need assessment.
Government Scholarships for SC/ST StudentsMinistry of Social Justice, Ministry of Tribal Affairs, State GovernmentsSC/ST students meeting parental income criteria for the previous financial year Reimbursement of tuition fees, fundable charges, and lodging. boarding, and study materials.Based on income thresholds and community eligibility.
Merit-cum-means Scholarship for Minority Students Ministry of Minority AffairsMinority students pursuing professional and technical courses with annual family income limitsFinancial support for tuition and related expenses.Family income verification and minority status eligibility.
Scholarships for Differently-Abled StudentsDepartment of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social JusticeStudents with disabilities pursuing postgraduate degree or diploma programs.Full financial support, including tuition, lodging, boarding, and study materials.Based on income and disability status verification.
Mukhya Mantri Medhavi Vidyarthi YojanaMadhya Pradesh GovernmentMeritorious students from Madhya Pradesh meeting academic and income criteriaFinancial assistance covers education costs for eligible students.Academic and income-based eligibility.
Rajarshee Sahu Maharaj ScholarshipGovernment of MaharashtraSC students from Maharashtra meeting income criteriaFull tuition fee reimbursement for eligible students.Income and community-based eligibility.
Industry-Sponsored ScholarshipCorporates such as SBI, Eicher MotorsHigh-performing students meeting specific academic or leadership criteriaAmounts such as INR 1,50,000 (SBI) and INR 50,000 (Eicher Motors)Determined by academic excellence or specific corporate selection criteria
Gold Medals and AwardsIIM IndoreTop academic performers and overall outstanding achievers.Awards include the CSI Signature Award Gold Medal and the KK Alagh Gold Medal.Based on academic and overall performance.

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Steps to Apply for IIM Indore PGP Scholarships 2025

To apply for IIM Indore PGP Scholarships, go through these steps.

  • Confirm that you meet the eligibility criteria for the specific scholarship (e.g., NBFA, merit-based, or government-funded).
  • Verify criteria like family income, academic performance, leadership potential, or community status as required for the scholarship.
  • Collect the prescribed application form from the respective program office (PGP/IPM Office).
  • For corporate or government scholarships, refer to their official websites or portals for application instructions.
  • Correctly fill in all required details, including personal, academic, and financial information.
  • Ensure that your parent/guardian signs any required sections.
  • Include all necessary documents, such as income certificates, academic transcripts, caste/community certificates (if applicable), and proof of disability (if required).
  • Check the specific requirements for each scholarship. Submit the completed application form and supporting documents to the designated office via the specified channel.
  • Ensure submission is made before the deadline, as late or incomplete applications will not be considered.
  • For NBFA or corporate scholarships, prepare for written tests, interviews, or personal interactions as the selection process requires.
  • The scholarship committee or provider will notify you of the results after evaluating applications and conducting assessments.
  • For NBFA, the decision of the committee will be binding and final.

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Benefits of IIM Indore PGP Scholarships 2025

Some of the most notable benefits of IIM Indore PGP Scholarships 2025 are as follows:

  • The scholarships alleviate the financial burden of tuition fees, lodging, and other academic expenses, ensuring that deserving students can focus on their education without monetary constraints.
  • Merit-based scholarships, like the Aditya Birla Group Scholarship and OPJEMS, reward outstanding academic performers and motivate students to maintain high academic standards.
  • Need-based and government scholarships provide equal opportunities to students from economically weaker sections, minority communities, and disadvantaged groups, fostering diversity and inclusivity.
  • Corporate-sponsored scholarships and awards highlight students' achievements, enhance their resumes, and increase their visibility among potential employers.
  • Scholarships like the Citi Women’s Leader Award encourage leadership among women, while initiatives for differently-abled students ensure that all individuals receive equal educational opportunities.

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FAQs about IIM Indore PGP Scholarship

What are the benefits of industry-sponsored scholarships at IIM Indore?

The benefits of industry-sponsored scholarships at IIM Indore, such as those from SBI and Eicher Motors, provide financial rewards, recognition, and a competitive edge in career advancement.

How can students apply for scholarships at IIM Indore?

To apply for scholarships at IIM Indore, students must collect the application form from the respective program office, fill it out accurately, attach necessary documents, and submit it before the deadline.

Are there merit-based scholarships available for IIM Indore students?

Yes, there are merit-based scholarships available for IIM Indore students. These are the Aditya Birla Group Scholarship, OPJEMS, and Citi Women’s Leader Award which are awarded to students demonstrating exceptional academic performance or leadership potential.



 

How is the NBFA selection process conducted for IIM Indore PGP Scholarship?

The NBFA selection process conducted for IIM Indore PGP Scholarship has two stages: 

Stage 1: Evaluation of the financial need based on the submitted application and supporting documents. 

Stage 2: Personal interaction with the NBFA Committee to verify application details and assess financial needs further.

Who can apply for the Need-Based Financial Assistance (NBFA) at IIM Indore?

All participants admitted to PGP, PGP HRM, and IPM programs with an annual family income below INR 12,00,000 can apply for the Need-Based Financial Assistance (NBFA) at IIM Indore. Students from EWS, SC, ST, OBC, or differently abled categories who meet the income criteria are also eligible.

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