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.
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.
Also Read: Pre-Matric Scholarship for Minorities
The dates by which to apply for IIM Indore PGP Scholarship is as follows:
Particulars | Dates (Tentative) |
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NBFA Scholarship deadline | September 2025 |
Here are the details at a glance for IIM Indore PGP Scholarship 2025:
Aspect | Details |
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Scholarship Provider | IIM 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. |
Eligibility | Participants 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. |
Purpose | To ensure that no student is deprived of education due to financial constraints while encouraging academic excellence and leadership potential. |
Scholarship Amount |
|
Number of Scholarships | Varies 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 Criteria | NBFA: 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 Requirements | No specific percentile for NBFA. Corporate scholarships require students to rank among top-performing candidates (e.g., top 25 for Aditya Birla). |
Application Process | Applicants 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 Income | Only 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. |
Also Read: Scholarships for Top-Class Education for Students with Disabilities
The various types of scholarships available at IIM Indore are as follows:
Type of Scholarship | Provider | Eligibility | Benefits | Selection Criteria |
---|---|---|---|---|
Need-Based Financial Assistance (NBFA) | IIM Indore | PGP, PGPH, and IPM participants with annual family income below INR 12,00,000 | The 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 Scholarship | Aditya Birla Group | Top 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 Group | Top 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 Award | Citi | Women 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 Scholarship | IDFC FIRST Bank | PGP 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 Students | Ministry of Social Justice, Ministry of Tribal Affairs, State Governments | SC/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 Affairs | Minority students pursuing professional and technical courses with annual family income limits | Financial support for tuition and related expenses. | Family income verification and minority status eligibility. |
Scholarships for Differently-Abled Students | Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social Justice | Students 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 Yojana | Madhya Pradesh Government | Meritorious students from Madhya Pradesh meeting academic and income criteria | Financial assistance covers education costs for eligible students. | Academic and income-based eligibility. |
Rajarshee Sahu Maharaj Scholarship | Government of Maharashtra | SC students from Maharashtra meeting income criteria | Full tuition fee reimbursement for eligible students. | Income and community-based eligibility. |
Industry-Sponsored Scholarship | Corporates such as SBI, Eicher Motors | High-performing students meeting specific academic or leadership criteria | Amounts 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 Awards | IIM Indore | Top 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. |
Also Read: Reliance Foundation Scholarship
To apply for IIM Indore PGP Scholarships, go through these steps.
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Some of the most notable benefits of IIM Indore PGP Scholarships 2025 are as follows:
Also Read: SSP Scholarship
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.
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.
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.
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.
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.