IIM Indore has initiated various Need-Based Financial Assistance (NBFA) for students with a low family income. Apart from NBFA, there are a variety of scholarship programmes being hosted by the Government of India and several industries/ corporations within IIM Indore. 

Have a look on all types of financial aid provided in IIM Indore:-

   

IIM Indore Scholarships

Need-Based Financial Assistance (NBFA)

  • The NBFA scholarships are offered by the PGP Executive Committee and NBFA Committee at IIM Indore. 
  • Students with a gross family income not exceeding INR 4,50,000 in the previous year are eligible for NBFA Scholarships. 
  • Here is a detailed amount of financial aid given to students based upon family income slabs:-
Family Income in previous year (in INR) Reimbursement Provided
<= 1,50,000 75% of tuition fee
1,50,000 - 2,00,000 50% of tuition fee
3,00,000 - 4,50,000 25% of tuition fee

To know more click here IIM Indore Courses and Fees

 

Scholarships offered by Central Government of India

  • Central Sector Scholarship for SC/ST Students
  • Students whose gross family income in the previous financial year has been less than INR 4,50,000 are eligible for the Central Sector Scholarship.
  • The financial support is available for only those students who belong to the SC/ST categories. As reimbursement, this scholarship covers major finances such as 
  1. i) tuition fees, 
  2. ii) non refundable charges,

iii) lodging & boarding charges, 

  1. iv) books & stationery charges and 
  2. v) cost of IT equipment for the first year.

For more details click here IIM Indore Cutoff

  • Minority Welfare Scholarship (Merit-cum-Means)

The financial assistance is reserved for students whose family income does not exceed INR 2,50,000 per annum. 

The Minority Welfare Scholarship is a merit based financial aid provided by the Ministry of Minority Affairs, Govt. of India.

For more details click here IIM Indore Admissions 2024

 

Scholarships offered by Industries 

Apart from the NBFA and the scholarships offered by the Government of India, there is financial assistance available from industries as well. Here are a few of them mentioned below:-

Aditya Birla Scholarships

  • For the meritorious students since 1st year, Aditya Birla Group of Industries provide financial support under Aditya Birla Scholarship Programmes.
  • Students who perform well in the first year and are among the top 25 performers in terms of their CGPA are eligible to continue for Aditya Birla Scholarships even in the second year.
  • A total of 1 or 2 students are selected to avail Aditya Birla Scholarships. The reimbursement amount received by selected students is INR 1,75,000.

To know more click here IIM Indore Placements

OPJEMS Scholarships

  • Top 20 students from the second year based upon their previous year grades/ CGPA are eligible to apply for OPJEMS Scholarships. 
  • Only 1 or 2 students are selected for utilizing OPJEMS Scholarships based upon the eligibility criteria. Students are selected based upon a written test and a personal interview. 
  • The reimbursement amount that selected students will receive is INR 1,25,000. 

State Bank of India Scholarships

  • The SBI Scholarships are merit-based in nature and provided on a yearly-basis. 
  • An amount of INR 1,50,000 is received as reimbursement amount by the qualified students.

For more details click here IIM Indore IPMAT 2024

Eicher Scholarships

  • Eicher Scholarships are provided to deserving students on a merit-basis every year, with an amount of INR 50,000.

To know more click here IIM Indore Reviews

IIM Indore Faculty

 

IIM Indore Scholarships FAQs

Ques. Is there any scholarship for IIM Indore?

Ans. Yes, IIM Indore has various scholarships available one such being the Need-Based Scholarships. Other scholarships are provided by the Central Government of India and industries like Aditya Birla Group, SBI and so on.

Ques. What are the scholarships applicable at IIM Indore?

Ans. Need-Based Scholarships are offered to meritorious students by IIM Indore. Moreover, Central Government Scholarships like Central Sector Scholarships for SC/ST students and Minority Welfare Scholarship (Merit-cum-Means) are available. Also, Aditya Birla Scholarships, OPJEMS Scholarships, SBI Scholarships are other forms of financial assistance. 

Ques. Does the Government of India also provide scholarships for IIM Indore students? 

Ans. Yes, scholarships like Central Sector Scholarships for SC/ST students and Minority Welfare Scholarship (Merit-cum-Means) are provided by the Government of India. 

Ques. How much amount is given to a student availing Scholarships under SC/ST category?

Ans. An amount of INR 4,50,000 is provided to students selected under Central Sector Scholarships for SC/ST.

Ques. What is the reimbursement amount for Need based scholarships?

Ans. Based on the family income slab, students with family income less than INR 1,50,000 have access to 75% of tuition fee reimbursement. Similarly those with family income between 1,50,000 and 2,00,00 have access to 50% of tuition fee reimbursement. 

Ques. Who provides need based scholarships to students at IIM Indore? 

Ans. The PGP Executive Committee and NBFA Committee provides the Need based scholarships to meritorious students based upon their academic performance.