IIM Scholarships: Financial Aid & Eligibility for Scholarship by Top IIMs in India

Acquiring an MBA degree from top 5 IIMs in India helps you gain ample management knowledge, ethics, and adequate skills to perfectly fit in the global business community. In short, an MBA from IIM Ahmedabad, Bangalore, Calcutta, Lucknow and Kozhikode  is one of the most satisfying courses for both students as well as working professionals. However,getting admission in any of the top 5 IIMs incurs quite a high expense for many MBA aspirants.Taking high course fees into consideration, these IIMs offer scholarships for MBA studies.

If you are aspiring to join any of the top ranked IIMs in India and want to give a boost to your career, but expenses are coming as an obstacle in your way, you really need to avail of a scholarship. Hence, these IIMs are offering you the best available scholarships and other financial aids and you can take advantage of them fulfilling the eligibility required..

Scholarships offered in IIMs are mainly of two kinds: 

1. Need-based scholarships : These scholarship amounts are determined on the basis of the family income of the students. Only students hailing from financially weaker backgrounds are offered this scholarship.
2. Merit-based scholarships – These scholarships are offered to meritorious students who obtain a high score in their CAT exam or who perform well in the exams conducted by IIM.

IIM Scholarships Eligibility

• The results of the written test taken by the MBA college.
• The results of the GD/PI interviews held as part of the hiring procedure.
• The holders of merit-based scholarships and state rankings.
• The job history at a reputable company.
• The Sports Scholarship for individuals who have competed at the national level for their state.
• The MBA College’s academic achievement for the current academic year, including its best students.
• The scholarship for candidates who are physically disabled, SC, or ST.

CAT 2024 Scholarship IIM Ahmedabad

The elite institute provides a need-based scholarship for economically weak students. The scholarship amount is based on the annual gross family income. For an instance,

S.No.	Name of the Scholarship	Eligibility Criteria	Amount
1.	IIMA Special Need Based Scholarships	For economically weak students who wish to pursue PGP or PGP-ABM. This is a fee waiver scheme offered on the basis of the family income of the student.	Depends on the annual gross family income
2.	Family Income Linked Tuition Fee Waiver Scheme	Students whose total family income is less than Rs. 6 lakh in the previous financial year.	NA
3.	IIMA Special Scholarships (need-based)	Students who have a total family income of less than Rs. 200,000 as of the last financial year. The salaries of parents/guardians and spouse are considered for this and the income of the student or his siblings are not considered.	NA
4.	Industry Scholarships (need-based)	Students who are not registered for the IIMA special scholarships can apply	NA
5.	SC/ST Scholarships	Only SC/ST category students having valid certificates can apply for this scholarship.	Rs.150 per month for 10 months
6.	GOI Merit-cum-Means Scholarships	At least 25% students belonging to the non-sponsored student body from both first and second year are awarded this scholarship.	Rs.2,200 per year
7.	Aditya Birla Group Scholarships	Candidates are shortlisted by ABG on the basis of merit. Around six students are shortlisted.	Rs.1.25 lakh per student per annum
8.	OP Jindal Engineering and Management Scholars	Two students are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview.	NA
9.	Dunia Scholarships for scholastic excellence	Two students are shortlisted for this scholarship on the basis of merit.	Rs.100,000 per student
10.	Ocwen Scholarship for Competence in Academics	The scholarship is given to a first-year student who is shortlisted through a research paper and PI.	NA
11.	ONGC SC/ST Merit-cum-Means Scholarships	Few of the SC/ST students are shortlisted for this scholarship.	NA
12.	State Scholarship	State Governments sometimes fund the education of some of the best students from those states.	NA

CAT 2024 Scholarship IIM Bangalore

The scholarship committee undertakes the two-step process for deciding the number of scholarship awardees. Along with the financial aid which is provided on the basis of financial needs there are certainly other scholarships that can be availed by the students by fulling the required criteria. 

S.No.	Name of the Scholarship	Eligibility Criteria	Amount
1.	Aditya Birla Scholarship	Few students from both first and second year are shortlisted who belong to the top 25% students of their respective batches in terms of performance.	Rs.175,000 per student
2.	Uday Nayak Scholarship	A second-year student is shortlisted for this scholarship.	Rs.10,000
3.	T Thomas Scholarship	A second-year student is shortlisted for this scholarship based on merit.	Rs.100,000
4.	OPJEMS Scholarship	Two students are shortlisted for this scholarship one each from first and second year.	Rs.125,000 per student
5.	Rajesh Kaushik Memorial Scholarship	Selection is strictly merit based.	Rs.150,000 per annum
6.	Ocwen Financial Solutions Private Limited	One of the students is shortlisted on the basis of research paper submitted by the students.	Rs.180,000
7.	Cognizant Technology Solutions – B’izard Scholar	Three students are shortlisted on the basis of academic excellence, leadership qualities and willingness to serve the community and study further in the same field.	Winner: Rs.3 lakhs, 1st Runner-up: Rs.2 lakhs and 2nd Runner-up: Rs.3 lakhs
8.	Societe Generale Global Solution Centre India Scholarship	Students in need are nominated by the institute and are shortlisted on the basis of interviews.	Full tuition fee waiver

CAT 2024 Scholarship IIM Lucknow

Different scholarships provided by the institute are:

• Need-Based IIML Scholarships in which IIM Lucknow awards scholarships for up to 15% of the student intake based on merit and family income.
• Industry Sponsored Scholarship: Several industries also sponsor scholarships ranging from INR 6,000 to INR 1 Lac per annum.

S.No.	Name of the Scholarship	Eligibility Criteria	Amount
1.	Need-Based IIML Scholarships	15% students from a batch are offered scholarships on the basis of family income and previous academic performance. Students having a family income less than Rs.150,000 can apply.	NA
2.	Industry Sponsored Scholarships	Students are shortlisted from every year based on their academic performance	Varies from Rs.6,000 to Rs.100,000 p.a.
3.	Merit-cum-Means Scholarships	25% of the students subject to specified norms are shortlisted for this scholarship	Rs.2200 per student p.a.
4.	Bharti Scholarship	Students whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply.	Rs.50,000 p.a.
5.	SC/ST Scholarships	All SC/ST students are eligible to apply	Rs.1500 p.a.
6.	Other Scholarships	Students are shortlisted based on family income and their fees and maintenance charges are covered by the government of the state to which the candidate belongs.	NA

IIM Calcutta

Given below is the list of scholarships offered by IIM Calcutta: 

1. B.P. Poddar Scholarship
2. India Carbon Scholarship
3. T. T. Krishnamachari Award
4. BPL Prize
5. Damodar Valley Corporation Award For Creditable Performance
6. Central Bank of India Prize For Best Performance In Finance Course
7. Aditya Kashyap Memorial Scholarship (for 1st rank holder)
8. P. R. Karthik Scholarship
9. SC/ST Scholarships
10. GOI Merit-cum-Means Scholarships
11. State Scholarship

IIM Kozhikode

Here is a list of scholarships offered by IIM Kozhikode: 

1. .IIMK Merit Scholarship
2. .Merit-cum-Means Scholarship
3. Rajarshee Sahu Maharaj Scholarship
4. SC/ST Scholarships
5. GOI Merit-cum-Means Scholarships
6. State Scholarship

IIM Indore

Check out the scholarships offered by IIM Indore: 

1. Need-Based Financial Assistance
2. SC/ST Scholarships
3. GOI Merit-cum-Means Scholarships
4. State Scholarship

IIM Rohtak Scholarship

Check out the scholarships offered by IIM Rohtak scholarship here: 

1. SC/ST Scholarships
2. GOI Merit-cum-Means Scholarships
3. State Scholarship
4. Aditya Birla Scholarship
5. OPJEMS Scholarship
6. Sports scholarship

IIM Ahmedabad Scholarship 2024 FAQs

• Who is eligible for the Special Need-Based Scholarship at IIM Ahmedabad?

The Special Need-Based Scholarship is available to students enrolled in the two-year postgraduate programs (PGP and PGP-FABM) at IIM Ahmedabad. To qualify, students must demonstrate that their family’s total annual income was less than INR 15 lakhs in the previous financial year. The selection process considers family income, educational loans, family assets, and other relevant factors.

• What postgraduate programs at IIM Bangalore have scholarships available for 2024?

IIM Bangalore offers scholarships for several postgraduate programs in 2024. These include the PhD, PGP, PGP-BA, EPGP, and PGPEM.

• How can I apply for these scholarships?

Students interested in these scholarships should visit the official IIM website. The institute encourages all eligible students to apply and take advantage of these opportunities to support their education and career goals.

Have anything to add? Share with us in the comments!
If you have any questions or doubts, share them with us on help@coachdekho.in