A top B-school is every CAT aspirant’s dream—offering high-paying jobs, a healthy work environment, world-class exposure, career opportunities, and a lifetime career boost. However, while many aspire, not all achieve it. And no, it’s not just about marks. Even those with top percentiles may struggle to afford an MBA or support themselves during their studies.
Recognizing this need, IIMs offer scholarships to eligible students with valid documentation, ensuring financial support across all categories—General, EWS, OBC, SC, ST, and PWD. Instead of searching for each IIM scholarship individually, we have compiled the eligibility criteria for the top five IIMs—prestigious B-schools at the pinnacle of management education, a prime target for every aspirant.
IIM Ahmedabad Scholarship
Students admitted to the PGP and PGP-FABM programs with a gross annual family income below ₹15,00,000 in the previous financial year are eligible to apply for this scholarship, subject to proof of family income, educational loan amount, and past earnings.
IIM Ahmedabad Scholarship for SC/ST Category Students
All SC/ST students in postgraduate programs receive ₹150 per month for 10 months.
IIM Ahmedabad Scholarship by Alumni
PGP Alumni Endowment Funds: Financial support is provided annually to nine students from economically and socially disadvantaged backgrounds. An amount of ₹2,00,000 to ₹3,00,000 is awarded based on their financial status.
Class of PGP 2001, Peri Viswanath Scholarship: The scholarship provides ₹2,00,000 per year. The selection is based on a Merit-cum-Means criterion, considering first-year performance in and past academic records.
IIM Bangalore Scholarship
Students with a family income below ₹8,00,000 are eligible to apply for financial aid. Those facing severe financial difficulties due to unforeseen circumstances may also be considered. Moreover, based on financial constraints and application of the candidate, applicants may receive financial aid of 100%, 80%, 60%, 40%, or 20%, based on their financial need.
IIM Bangalore other scholarships
Aditya Birla Scholarship: This merit-based award is available to students in both their first and second years. Each selected student receives ₹1.75 lakh.
OPJEMS Scholarship: This merit-based scholarship is granted to second-year students. The top ten students, determined by their first-year academic performance, are eligible to apply. The scholarship amount is ₹1.50 lakh.
NTPC Scholarship Scheme: This scholarship offers ₹48,000 per year and is specifically for second-year SC, ST, and PwD students who have successfully cleared their first-year exams in a single attempt.
Employment in Social Sector Scholarship: Under this scheme, recipients are reimbursed one-third of their tuition fees for each of the first three years of work in the social sector.
Ministry of Tribal Affairs Scholarship (ST): This need-based scholarship, offered by the Ministry of Tribal Affairs, Government of India, is available to first-year PGP students belonging to Scheduled Tribes. It fully covers tuition fees.
Ministry of Social Justice and Empowerment Scholarship (SC): Provided by the Ministry of Social Justice and Empowerment, this scholarship is for first-year PGP students from the Scheduled Caste category. It is a need-based scholarship that fully covers tuition fees.
Ministry of Social Justice and Empowerment: This scholarship is for students with a certified disability of at least 40%, as verified by a competent medical authority. It is a need-based award offering ₹2.55 lakh per year.
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IIM Calcutta Scholarship
- Aditya Birla Group
- Ratan Tata Trust
- T. Thomas Scholarship sponsored by HUL
- OP Jindal Engineering & Management Scholarship.
The Institute also facilitates Government of India scholarships for SC, ST, and MCM students, awarded by the respective ministries.
IIM Lucknow Scholarship
The institute offers a need-based scholarship for students, determined by family income irrespective of gender, category, religion, and caste. Eligibility and disbursal criteria will be announced after admissions. Students can’t receive more than one scholarship at a time.
IIM Kozhikode Scholarship
Merit Scholarship: This scholarship is awarded to first- and second-year students based on their academic performance in the previous year. The distribution follows a ratio of one scholarship for every 20 students in each academic year.
IIMK Need-Based Financial Assistance (NBFA): Students with a gross annual family income of ₹8 lakhs or less are eligible. Additionally, academically outstanding students may receive a scholarship or fee waiver at a rate determined by the institute.
Top Class Education Scheme for SC Students: Students from the SC category with a family income not exceeding ₹8 lakhs are eligible. IIM Kozhikode is allotted a maximum of 10 scholarships under this scheme.
National Fellowship and Scholarship for Higher Education of ST Students: This scholarship is available for ST students with a family income of up to ₹6 lakhs per year.
Merit Cum Means Scholarship for Professional and Technical Courses (CS): Students whose family income did not exceed ₹2.5 lakhs in the previous financial year are eligible.
Scholarships for Top-Class Education for Students with Disabilities: Scholarship awarded to students with a certified disability of 40% or more. The total income of parents/guardians from all sources must not exceed ₹8 lakhs per year.
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