Yes, the IPM program of IIM Jammu and Bodh Gaya is definitely worth it. The points below will further justify its worth

• Investing in a new institute like IIM Jammu and Bodh Gaya provides long-term benefits that you will be able to avail yourself a few years from now.
• Being an IIM, the faculty pool is definitely the best
• The curriculum is well structured and renders enough exposure. 
• The summer internship and projects also play a major role in grooming students
• The crowd comprises people from various walks of life and hence better peer learning experience 

So joining the IPM program at IIM Bodh Gaya is worth it and will reap you benefits after some years.