Students gain good managerial knowledge and leadership skills while studying at a B-School which, indeed, turns out to be a lifetime asset. The trend of entrepreneurship in the country with the tiniest of ideas booming on to multi-directional companies utilizing the skill set of managing businesses and supervising tasks - has become a common phenomenon. At this juncture of development in the country, an MBA becomes all the more necessary.

• MBA courses are getting more expensive year by year. Many candidates are interested in getting an MBA degree which can cost them from 3 lakhs and the same can even go up to 50 lakhs!
• This makes the fees and expenses of the curriculum, a cause of concern. CAT 2020, other than being the most sought-after exam to get into top B-Schools, is also the way to earn great scholarships for the same

However, the most practical Business Schools believe that for the smartest minds, money should never be a hurdle and to put an end on such financial constraints, they present scholarship through CAT.

CAT Percentile PredictorCAT Result CAT CounsellingCAT Cutoff

We here at CollegeDunia have you covered and provide a credible yardstick that aspirants can use to decide which B-School to apply for. To help one navigate through a welter of information regarding scholarships for CAT toppers or financial assistance for MBA aspirants, we have enlisted top B-Schools in India which provide scholarships and financial assistance to the deserving candidates along with the criterion followed for the same.

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IIM, Ahmedabad Scholarships

Indian Institute of Management, Ahmedabad Scholarships

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, a student who is willing to pursue PGP and PGP-ABM and whose total family income does not exceed INR 6 Lacs are eligible for the fee waiver scheme.

• Other scholarships include Industry Scholarships, SC/ST Scholarships, Government of India Merit-cum-Means Scholarships.
• Government of India Merit-cum-Means Scholarships are given both in the first and second year, awarded to a maximum of 25% of students (of the non-sponsored student body) each year.
• The amount of scholarship is decided based on the several criteria mentioned below:

1. annual gross family income
2. Ownership of Assets
3. Number of dependants in the family

Check IIM Ahmedabad Selection Process

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IIM, Bangalore Scholarships

Indian Institute of Management, Bangalore Scholarships

The aforementioned total fee of the program stands somewhere around 20 lakhs and thus scholarships provided at IIM Bangalore are very important. One of the most important scholarship assistance for IIM is provided by the Society General Global Solution Centre India Scholarship, given to the neediest applicants in the first year and the amount varies in accordance with the financial condition of the candidates.

PGP students with annual household income below INR 6, 00,000 are eligible to apply for the scholarship. 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. 

Check IIM Bangalore Selection Criteria

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ISB, Hyderabad Scholarships

Indian School of Business, Hyderabad Scholarships

ISB awards scholarships both on the basis of need and merit. It also provides a fee remission to candidates performing up to the standards set up by the institute. The scholarship varies in amount which includes some full scholarships! So if you believe you have the potential and can prove it, there is no boundary here and you can and must take admission in this institute.

The ISB also partners with several corporates to provide scholarships during the course of the academic year in which Citibank, HSBC and Novartis Group offer scholarships up to INR 6 Lacs.

Also, 10 Global Scholarships are offered to ten applicants from ten different international geographic areas and the scholarship amount ranges from INR 3 Lacs to INR 15 Lacs.

Indian Institute of Management, Lucknow Scholarships

Different scholarships provided by the institute are:

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

Other are Merit-cum-Means Scholarships. These include

1. Scholarships of INR 2200 per annum to a maximum of 25% of the students subject to specified norms.
2. Bharti Scholarship: An amount of Rs. 50,000 p.a. is given to meritorious and needy students (annual income not exceeding INR 1.08 Lac)
3. The Government of India SC/ST Scholarships of INR 1500 per annum to all SC/ST students admitted to the program.

Check IIM Lucknow Admission Criteria

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Other B-School Scholarships

Amity Business School Scholarships

The Amity Business School offers two types of scholarships- a complete waive off or a 50% scholarship. Amity Business School offers 100% scholarship to the candidates obtaining a minimum of 93% aggregate (excluding Physical Education, Fine Arts & Performing Arts) in Class XII of CBSE/ICSE Board and 80% marks in graduation.

A 50% Scholarship will be awarded to candidates who secure 88 percent marks in aggregate and above in Class XII of CBSE/ICSE and 75% marks in their graduation.

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T.A. Pai Management Institute, Manipal Scholarships

T.A. Pai Management Institute, Manipal offers scholarship of INR 1 Lac to the top three performing students in both the years of MBA Program. Well, the most important is scholarship through CAT for the candidates who secure 99 percentile or above.

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Management Development Institute, Gurgaon Scholarships

In MDI Gurgaon, merit Scholarships of INR 10,000 are given to five students. An additional Bharti Foundation Scholarship is also awarded on the basis of merit.

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National Institute of Management, Mumbai Scholarships

Need-based concession in the tuition fee to the extent of 30% is given to the students whose family income is less than INR 150,000 (for PGDIM/PGDISEM/PGDITM students)

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NMIMS School of Business Management Scholarships

The institute awards need-based scholarship to the students of Social Entrepreneurship Programs. These scholarships are extended by Shroff Family Charitable Trust.

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Institute of Rural Management, Anand Scholarships

IRMA provides scholarships from Sir Ratan Tata. Also, more than 15 other scholarships are made available by the Ministry of Social Justice and Empowerment that covers the entire cost of education of SC/ST candidates Another 5 scholarships from the Ministry of Tribal Affairs and a National Dairy Development Board scholarship can be availed by the SC/ST candidates.

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Jaipuria Institute of Management, Lucknow Scholarships

The Jaipuria Institute of Management, Lucknow awards scholarships based on a student’s performance in their respective entrance examination through which they have taken admission in the institute for first year and later on for the second year, the scholarships are given to the first three rank holders.

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Indus Business Academy, Bangalore Scholarships

There is a variety of scholarships provided at Indus Business Academy, Bangalore. Scholarship of INR 10,000 is provided via Merit-cum-means scholarships and corporate scholarships. Thus, a working professional gets help from the employer.

IBA provides a scholarship of INR 30,000 to students who have secured

1. 80% aggregate marks in their Class 10, Class 12 and Graduation, or
2. 80 percentile or above in CAT /XAT, or
3. 96 percentile or above in MAT / ATMA / CMAT / State Govt. Tests 

A scholarship of INR 40,000 is provided to candidates who secure

1. 90 percentile or above in CAT / XAT 2019, or
2. 99 percentile or above in MAT / ATMA  / CMAT / State Govt. Tests.

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Lovely Professional University, Phagwara Scholarships

Lovely Professional University, Phagwara awards scholarships based on the candidate’s performance in LPU-TFA (LPU-Test for Financial Aid) or Co-curricular activities like Sports, Cultural or National Bravery Awards.

SRM School of Management Scholarships

The most prestigious scholarship for any SRM student is the SRM Founder’s Scholarships, which includes not just the full fee waiver of tuition, but also the hostel charges, mess charges, and other than this, you even get a stipend INR 1,000/- per month!! This scholarship is offered to top state rankers in school final.

Other one is a Merit based Scholarship given to students who secure above 95% in CBSE or in State board examinations. They get up to 50% of tuition fee waiver in the branch they are eligible for at the time of counseling. A merit-Cum-Means Scholarship is offered to students with financial constraints based on their performance in the qualifying examination.

We hope you found the information helpful and you were able to arrive at a conclusion. The awards being offered must also give you a boost to perform so well that you can be benefited from the scholarships enlisted above.

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