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MBA Scholarships 2025: List of Scholarships for MBA Students

MBA scholarships are offered by a number of institutes and organizations in India to help needy students get higher education. These scholarship schemes have made it possible for underprivileged students to get enrolled in a professional degree like an MBA and build a successful career. MBA is one of the most sought-after postgraduate degrees, but due to the high cost of the education, many students fail to get enrolled in the course and compromise with their dreams.

Many government and private organizations identify the academic talent of students and provide them with financial assistance to get an MBA degree. If you are a meritorious student whose family income is low but wishes to get an MBA from prestigious B-schools in India, then have a look at the list below. You will find the most popular MBA scholarships in India along with their details such as eligibility criteria, application process, rewards, and more.

MBA Scholarships 2025 Overview

MBA Scholarship	Details	Rewards	Eligibility	How to Apply?	Application Timeline
Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities)	Offered by the Ministry of Minority Affairs to provide financial aid to academically talented underprivileged students seeking admission to professional and technical courses at UG or PG level.	A course fee of INR 20,000 per annum and maintenance allowance of INR 1000 & INR 500 per month for 10 months in an academic year for hostellers and day scholars, respectively.	Must belong to a minority community. Must have secured at least 50% marks or equivalent grade in Class 12th or graduation. Annual family income should not be more than INR 2.50 Lakh Must have a good score in MBA entrance exams.	Candidates can apply through National Scholarship Portal - scholarships.gov.in	July to November
BML Munjal University MBA Scholarship	Offered by BML University, an initiative of Hero Group.	Up to 100% waiver on the tuition fees based on their CAT/ XAT or GMAT scores.	MBA aspirants seeking admission to BML Munjal University are eligible for this scholarship.	Candidates can apply through the official website - bmu.edu.in.	April to July
ONGC Scholarship	Offered by the ONGC Foundation to provide financial aid to meritorious students belonging to SC/ST/OBC and General categories.	INR 48,000 per annum (approx. INR 4,000 per month)	Must be studying in the first year of MBA. A minimum 60% or equivalent CGPA in class 12 and graduation. The family income should be less than or equal to INR 2 lakhs per annum. Must not be older than 30 years of age.	Candidates can apply through the official website - ongcscholar.org.	April to July
Capital First MBA Scholarship (IDFC FIRST Bank)	A need-based scholarship offered by IDFC FIRST Bank.	INR 2 lakh (INR 1 lakh per year).	Must be enrolled in the first year of a two-year full-time MBA course. The family income should be less than or equal to INR 6. Open for Indian Nationals, residing in India only.	Candidates can apply through the official website - idfcfirstbank.com	April to July
Indian School of Business Scholarships	In collaboration with its various partners, ISB Hyderabad offers merit-based, need-cum merit-based, and diversity-based scholarships for MBA applicants as a tuition fee waiver.	Up to 25-100% waiver on the tuition fees.	Awarded to an applicant high on merit.	MBA applicants can apply for the scholarships during admission. No separate application is required.	August to December
Post Graduate Scholarship for Professional Courses for SC/ST	Offered by UGC, Ministry of HRD to SC/ST students pursuing professional PG courses.	INR 4,500 per month	Must belong to the SC/ST category. Must be in the first year of a two-year MBA course.	Candidates can apply through the National Scholarship Portal - scholarships.gov.in	July to January
IRMA Merit-based Scholarship	IRMA offers 20 merit-based scholarships worth INR 1.17 crore for the students of its flagship PGDM Management course.	50% of the tuition fee	The scholarship in the first year will be based on the overall selection merit of IRMA’s admissions process. In the second year, it will be awarded based on the CGPA of the first year at IRMA.	Candidates can apply through the official website - irma.ac.in.	April to July
NMAT Scholarship	In collaboration with 13 prestigious B-schools, Graduate Management Admission Council offers scholarships to NMAT test takers.	25-50% waiver on the tuition fee based on NMAT score.	Must have an excellent academic background. Must have a score above 160 in NMAT.	Candidates can apply through the official website - nmat.org	NA
Aditya Birla Scholarship	Offered by Aditya Birla Group to students to study in prestigious MBA colleges like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong, and XLRI Jamshedpur.	INR 3 Lakhs for a two-year MBA course.	Must have an excellent academic background. Must have an excellent score in CAT.	Candidates can apply through the official website - adityabirlascholars.net	NA

MBA Scholarships at IIMs

MBA scholarships are also offered by every IIM to meritorious students with different financial aid programs. Check the details of MBA Scholarships offered by top IIMs in India.

Name of the IIM	MBA Scholarships Offered	Scholarship Details
IIM Ahmedabad	IIMA Special Needs Scholarship	Students with a family income less than INR 15 LPA are eligible for this scholarship for PGP.
	Scholarship for SC/ST candidates	Candidates belonging to the SC/ST category will be awarded INR 150 every month for 10 months during their postgraduate programs.
	T. Thomas Scholarship	Hindustan Unilever Limited offers this scholarship to second-year PGP students based on their CGPA in the first year.
IIM Bangalore	IIMB Financial Aid	Students enrolled in PGP having a family income less than INR 6 LPA are eligible for this scholarship for PGP.
	Citi Women’s Leader Award	Citi Group offers this scholarship to second-year female students to cover their tuition fees.
	IIMB PGP Alumni First Batch (1976) Scholarship	This scholarship is to provide financial assistance to differently-abled female students pursuing PGP. A total of INR 75,000, a medallion, and a certificate are awarded.
IIM Lucknow	Need-based IIML Scholarships	Meritorious students enrolled in PGP having a family income less than INR 1.50 LPA are eligible for this scholarship for PGP.
	Industry-Sponsored Scholarships	IIM-L offers several industry-sponsored scholarships at the end of every academic year. The value of scholarships ranges from INR 6,000 to INR 1 LPA.
	Bharti Scholarship	Bharti Enterprises provides a scholarship for academically talented students whose annual family income is less than INR 1.08 Lakhs. The selected candidates get INR 50,000 per annum.

More Details on Pharmacy Scholarships in India

Find out a little more about the popular Pharmacy scholarships in India:

Scholarships at Future Institute of Pharmacy, [FIP] Bareilly:

Future Institute of Pharmacy offers scholarships based on academic records and achievements in sports and cultural areas.
Two types of scholarships are available: merit scholarships (via Shri Rajendra Kumar Gupta Memorial Trust) and post-matric scholarships (government scholarships for FIP students).

Sitaram Jindal Scholarships:

Offered by the Sitaram Jindal Foundation, these scholarships benefit students pursuing higher studies in Pharmacy and other fields.
Eligible candidates include those from class XI to postgraduate level, including ITI, diploma, and professional courses.
The scholarship amount is INR 3,200 per month.

NET JRF Fellowship:

The University Grants Commission (UGC) conducts the National Eligibility Test (NET) for research fellowships.
It provides financial assistance to students in Medicine, Social Sciences, and Humanities pursuing doctoral level scholarship programs.
Rewards include INR 28,000 per month, HRA, special allowance, and other benefits.

Swarnajayanti Fellowship:

Offered by the Department of Science and Technology (DST), this fellowship supports scientists in various fields, including Pharmacy.
Eligible scholars can receive rewards up to INR 25,000 as financial support.

Narotam Sekhsaria Scholarship:

Conducted by the Narotam Sekhsaria Foundation, this scholarship supports undergraduate Pharmacy students pursuing further education.
Eligible candidates receive interest-free loans to fund their studies.

Nationwide Education and Scholarship Test [NEST]:

Conducted by Shrimanji's Events Management Centre International [SEMCI], NEST is for students from class IX to diploma and undergraduates in science, engineering, and Pharmacy.
Scholarships of up to INR 50,000 are offered.

Prime Minister's Scholarship Scheme (PMSS) for RPF/RPSF:

This scheme by the Ministry of Railways, Government of India, supports RPF/RPSF students pursuing professional degrees.
Deserving scholars receive up to INR 2,250 in funding.Eligible courses include MBBS, B.Tech, BE, BDS, B.Ed, MCA, BBS, BCA, and B. Pharma.

Application Process for Pharmacy Scholarships 2025

The application process for Pharmacy Scholarships is generally the same for all programmes. The Pharmacy Scholarship can be availed by either applying through the National Scholarship Portal (NSP), or through the Official Scholarship Portal.

The Pharmacy Scholarship application process begins by filling out online scholarship application forms, followed by entering personal details, document verification and submitting the form along with the application fee (if any). The step-by-step application procedure for the Pharmacy scholarships 2025 have been mentioned below:

S. No.	Step-by-Step Process
Step 1:	Visit the official website of the particular Pharmacy Scholarship program of your choice.
Step 2:	Search for the registration portal and click on the ‘Apply Now’ button to be directed to the official online scholarship application form.
Step 3:	Enter all the necessary details to register yourself by providing personal details, academic qualifications, family income proof, address and contact information, etc.
Step 4:	Save the information entered in the portal and move onto the next step i.e. the scholarship application process.
Step 5:	It is mandatory to fill all the fields with required personal and academic information in order to avoid any form of mishap
Step 6:	Candidates must upload all the necessary documents in the specified format and size only.
Step 7:	Lastly, re-check the entered details, submit the application form and pay the fee (if any) to end the application procedure.

BML Munjal University MBA Scholarship

BML Munjal University MBA Scholarships offer various financial aid options for meritorious and deserving students. Scholarships are awarded based on academic excellence, attendance, and entrance exam scores, such as CAT, GMAT, XAT, and NMAT. Dean’s Scholarships provide up to 100% tuition waivers for top achievers, while program-specific awards range from 10% to 50% based on merit.

Application Date : To be updated soon
Awarding Body : BML Munjal University

IDFC FIRST Bank MBA Scholarship

IDFC FIRST Bank MBA scholarship is designed to bridge the gap between deserving students and their dreams of obtaining an MBA. This need-based scholarship is available for students coming from families with an income of less than INR 6 lakh per annum. A total of 350 scholarships are awarded to students interested in pursuing postgraduation in business management. A total amount of INR 2 lakh is offered over the course of two years of full-time MBA.

Application Date : To be updated soon
Awarding Body : IDFC Bank

UPESMET MBA Scholarship

UPESMET MBA Scholarship is a merit-based financial assistance program aimed at encouraging academic excellence and supporting deserving students in pursuing their MBA aspirations. Applicable only to regular MBA courses (excluding the Global Pathway Program), this scholarship provides a 20% tuition fee waiver for the first and second semesters, easing the financial burden on students.

Application Date : To be updated soon
Awarding Body : University of Petroleum & Energy Studies, Dehradun

NMAT by GMAC MBA Scholarship

NMAT by GMAC MBA Scholarship offers financial aid to candidates pursuing MBA programs at select Indian business schools. Through this initiative,13 partnering institutions provide scholarships based on NMAT scores, academic achievements, and professional or extracurricular profiles. Candidates who excel in the NMAT may receive tuition fee waivers ranging from 10% to 100%, depending on their scores and school criteria.

Application Date : To be updated soon
Awarding Body : GMAC

ONGC MBA Scholarship

ONGC MBA Scholarship provides financial support to Indian students from economically weaker backgrounds, focusing on SC/ST, OBC, and general categories. It offers up to INR 48,000 annually for students pursuing MBA. Eligibility is based on academic merit and family income, with preference given to Below Poverty Line (BPL) candidates. The scholarship aims to promote equal educational opportunities, encouraging professional growth in diverse sectors. The application process is conducted online where the applicants need to meet specific academic and income criteria.

Application Date : To be updated soon
Awarding Body : ONGC

ISB PGP Scholarships

Indian School of Business or ISB PGP scholarships are available to reduce financial barriers and support a diverse, talented student body. These scholarships range from need-based and merit-based awards to those focused on diversity and industry-specific interests. Some scholarships are provided directly by ISB, while others come from corporate and philanthropic partners. Each scholarship has specific eligibility criteria, with amounts varying by award. These funding opportunities aim to ensure that deserving candidates can access ISB’s world-class education.

Application Date : To be updated soon
Awarding Body : Indian School of Business

IRMA Merit-based PGDM Scholarship

IRMA Merit-based PGDM Scholarship aims to recognize and reward high-achieving students pursuing the Post Graduate Diploma in Rural Management (PGDRM) at the Institute of Rural Management Anand (IRMA). This scholarship is awarded to academically exceptional candidates, helping alleviate the financial burden of tuition fees and allowing students to focus on their studies and career goals. It encourages talent in rural management by making IRMA’s unique and impactful program more accessible to dedicated and deserving students, fostering leadership in rural development and social impact.

Application Date : Ongoing - 26 Dec,2024
Awarding Body : Institute of Rural Management Anand (IRMA)

Ericsson Empowering Girl MBA Scholarship Program

Ericsson Empowering Girl MBA Scholarship Program 2025 provides financial assistance to meritorious girl students across India pursuing studies in the 2nd year of an MBA program. The scholarship offers INR 75,000 per year to cover academic expenses such as tuition fees, hostel charges, books, and other learning resources. Eligible candidates must have a GPA of at least 6.5 and a family income not exceeding INR 6,00,000. The program aims to empower underprivileged students, supporting their educational journey and enhancing their career prospects in the ICT and management sectors. The deadline for applications varies by year.

Application Date : Ongoing - Dec,2025
Awarding Body : Ericsson
Scholarship Amount : ₹ 75000

IIM Ahmedabad MBA Research Assistantship 2025

IIM Ahmedabad MBA Research Assistantship offers MBA graduates a unique opportunity to collaborate with renowned faculty on impactful research projects. This role includes providing academic support, addressing participant queries, evaluating assignments, and assisting in the development of course materials. Ideal candidates possess an MBA with a focus on fields like statistics, operations research, or computer science and have skills in R and Python. With a monthly stipend of INR 40,000, this assistantship not only provides financial support but also invaluable, hands-on experience in real-world problem-solving, making it an excellent stepping stone for careers in academia, research, or management.

Application Date : To be updated soon
Awarding Body : IIM Ahmedabad
Scholarship Amount : ₹ 40000

IIM Ahmedabad MBA Research Associateship 2025

IIM Ahmedabad MBA Research Associateship 2025 offers a unique opportunity for MBA graduates to engage in impactful research focused on women’s representation in corporate leadership roles. Ideal candidates will have expertise in statistical tools like Stata and SPSS, as well as proficiency in data scraping, dataset creation, and analysis. The position provides valuable exposure to cutting-edge research while offering remuneration based on qualifications and experience. Applications require submission of a cover letter, CV, and a completed Google Form. The initial appointment is for 6 months, with the possibility of extension based on performance.

Application Date : To be updated soon
Awarding Body : IIM Ahmedabad

University of Queensland MBA Scholarship

The University of Queensland MBA Scholarship 2025 offers domestic students pursuing an MBA program or its pathway options (GCBA/GDipBA) the opportunity to receive partial funding of 25% of their tuition fees. This scholarship is designed to support full-time and part-time students who demonstrate academic excellence, managerial experience, and a commitment to community involvement. Applicants are required to submit a detailed CV, a work-related reference, and a personal statement in video format, showcasing their leadership potential and career aspirations. With a focus on rewarding well-rounded candidates, this scholarship provides a valuable opportunity for aspiring business leaders to advance their careers at UQ.

Application Date : Aug,2025 - Nov,2025
(tentative)
Awarding Body : University of Queensland