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Indian Institute of Management - [IIM], Indore - Scholarship Details

Indore, Madhya PradeshAutonomous University

Important Updates for

Indian Institute of Management - [IIM]

IIM Indore

https://stage.zollege.in/university/184986-indian-institute-of-management-iim-indore

IIM

Indore

Madhya Pradesh

Management

₹ 30.21 Lakhs

₹ 1.14 Crore


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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 2023

 

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 2023

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.


In News

Catch All Media Coverage Of This College

IIM Admission 2023 Keeping a Check on the Waitlist Movement Trend Might Subdue your Anxiety Read How
Looking back on November, do you realise you should have revised more, or do you wonder what your parents would think about the final shortlist? Isn't it true that everything right now seems to be reminding you of the shortlist? The worst part is simply not knowing! And, to alleviate your morbid
IPMAT 2023 Registration Open Apply till April 17
New Delhi: IIM Indore has extended the registration deadline for the Integrated Programme in Management Aptitude Test (IPMAT) 2023, for the academic session 2023-24. Candidates intending to appear for the IPMAT 2023 exam can apply online through the official portal @iimidr.ac.in till April 17.
IIM Indore to Organise 24th Annual Convocation on April 1 Check Details Here
New Delhi: The 24th Annual Convocation of the Indian Institute of Management Indore (IIM Indore) is all set to take place on April 1, 2023, from 7 PM. Arun Kumar Singh, Chairman of ONGC, will be the chief guest of this illustrious occasion, who will deliver the Convocation Address. This y
IIM Indore Placement 2023 Highest Domestic CTC of INR 1 14 Cr received
New Delhi: Indian Institute of Management, Indore, has successfully completed its placement session for the class of 2023. The highest domestic CTC received was that of INR 1.14 Cr. According to the official placement report by IIM Indore, the highest salary received has increased by 65 lakhs

Ask your question

Answered Questions

Indian Institute of Management - [IIM]: 366 answered questions

SV

Suman Vaidya

20 Apr 23

If you are interested in studying energy management, you can choose NTPC School of Management. The college has trained a large number of professionals over the years.

BIMTECH is better if you’re interested in any other domain. It has been offering various industry-relevant programs and good placements.

Particulars

NTPC MBA

BIMTECH MBA

Highest Package

INR 25 LPA

INR 23.43 LPA

Average Package

INR 12 LPA 

INR 9.38 LPA

Fees

INR 1,630,000

INR 11 L - 13 L

With the table mentioned above, you can easily analyze the ROI and choose what’s better for you.


IS

Ishika Sinha

26 Aug 22

The best way to answer the ‘Why IPM’ question in the IIM Indore interview is to state your future career plans and explain how IPM is the perfect program for achieving those goals. The interviewer wants to know what made you choose the program. So, you need to provide a couple of valid reasons why IPM aligns with your goals. For example, you can say, the course curriculum of IPM is updated according to the current industry practices. So, it will be easier for you to pick up the skills and knowledge required to have a successful career in the industry.   

Having a clear idea about your future goals will help you formulate an authentic answer to this question. Also, read about the IPM program. Read about its course structure,  mission, vision of the course, etc. 


AG

Ashmita Garg

18 May 22

The future scope of Post Graduate Certificate Programme in Finance at IIM Indore is good. This course is great for knowledge up-gradation. Most working professionals have received an increment or promotion or both after completing this course.  

If you are a working professional with more than four years of experience in the industry and looking for managerial-level posts, then you can benefit a lot from this course. 

The batch profile is usually a mix of Banker, CA, CS, BFSI professionals, Engineers, etc. You will learn through virtual live platforms. Classes are scheduled on weekends. 


KM

Kathakali Mishra

22 Mar 22

All three of these courses are 1-year programs on Management for professionals with good industry experience. 

PGPMX IIM Indore course curriculum is up-to-date with subjects such as social media marketing and organizational perspectives. The curriculum is designed by keeping in mind that the students have at least 5 years of experience in the industry. This course includes preparatory Harvard Business School courses, to make sure that everyone is up to speed with the rigor of the program. The class profile is diverse, so you will get amazing peer-to-peer learning opportunities. 

If you have a few years of work experience, this course will help you strengthen your foundation. It will offer good career enhancement opportunities as well.


AM

Anumita Mukharjee

08 Jul 22

According to the IIM Indore admission trends, OBC students need to have a percentile of around 80 or above to get admission. Here is the overall CAT 2021 cutoff for IIM Indore.

Category Cutoff
General 90
NC-OBC 80
SC 60
ST 50
PWD 50

Naturally, the cutoff trend is unpredictable. So, try to score as much as p[ossible to be on the safe side. 


AD

Anuraag Das

14 Apr 23

For GEM, the CAT percentiles required to get an interview call from IIM Blackis, FMS, SP Jain, JBIMS, and MDI Gurgaon are 

  • ABC and FMS: Both institutes required nothing less than 99.5. Those who get admission at a lesser percentile, usually don’t belong to the GEM category. There are many who don’t even get a call with 99.3. So to stay on the safer side, go for nothing less than 99.5.
  • IIM Indore and Kozhikode: Both the institutes require percentiles around 97.5 for an interview call
  • SPJIMR: This Institute has unique selection criteria under which CAT is given less value and calls are issued on the basis of the candidate's profile. The CAT percentile required in this case is less than the normal if you have a good academic profile along with work experience,
  • MDI: This institute issues calls around the 96% mark.

It’s important to know that these figures are based on trends and not on actual data so you will find exceptions everywhere. Moreover, it’s better you don’t waste time analyzing the CAT cutoff and start preparing for the same.


SV

Sashi Vishwanathan

20 Aug 21

The fee structure of IPM from IIM Indore is given below in detail. The fee structure for the first three years are as follows. 

The course fee for resident Indians is 4 Lakhs per annum for the first 3 years.

Head IPM - I IPM - II IPM - III
Course Fee 400000 400000 400000
Medical Insurance Premium 711 711 711
Refundable Caution Deposit 50000 - -
Mess Deposit 45000 45000 45000
Grand Total 495711 445711 445711

The course fee for International students is - 6 lakh per annum. The course fee for the 4th and 5th year students would be as per prevailing PGP fees.


DT

Darryl Thomas

26 Aug 21

My friend has graduated from IIM Indore and would describe the fests as massive events of celebration. The institute organizes a lot of literary and cultural events but the two main events in the year are as follows:

Atharv:

  • This is the cultural, literary, and management festival of IPM, organized each year. 
  • A number of events in this one include managerial to marketing and b-plan events to literary and cultural events. 
  • More than 1 lakh students participate in Atharv conducted for 3 days. These events can help you get some cash prizes as well.
  • The evenings feature musical and artistic performances by professionals in the field.

Another important fest is titled Ranbhoomi. It is the Annual National Level Sports Festival. This one is held for three days as well and the events range from Cricket, Basketball, Volleyball, Football, and even Chess and Arm-Wrestling.


VJ

Veer Jain

25 Aug 21

Yes. It is absolutely worth joining IIM Indore for the IPM Program. Though, you need to clear the IPMAT and the interviews. One of my friends had completed the IPM program at IIM Indore and here are some facts that may be useful to you.

  • You will have some very interesting subjects from the trinity of mathematics, social science, and performing arts. It will equip you with really dynamic skills and significant learning.
  • You will meet some of the best minds from diverse backgrounds in this course. 
  • There are over 15000 applications for 120 seats. Thus, you can assume the quality of peer and peer learning.
  • The campus has two well-equipped gyms, an Olympic-size pool, a Finance resource centre, an Entrepreneurial incubation cell, and an Onus cashless card payment system. 
  • Also, there are regular shuttle bus services for going into the city.
  • The daily schedule of the students is usually packed with classes in the morning and maybe a few more in the afternoon. 
  • After that, there is a complete makeover, students run to juice centers, along with the Chai shops, special Indori Poha at Poha point, HUL's Adda, and many other eating points. 

In the evening, things are a bit relaxed as people pursue their interests, sports or hang out with their friends. Things might be hectic on some days, but it will not be boring at IIM Indore.


HJ

Himanshi Jain

25 Aug 21

Many of my friends graduated from IIM Indore and here is some information about the different fields in the institute.

Strategy

  • You will find some of the remarkable and appreciable faculties in the strategy domain. 
  • If the candidate wants a deep understanding of this field, then they can choose this. 
  • Some of the best-taught subjects in this domain are Business models, Mergers, and acquisition.

Marketing and Finance

  • The faculties of Marketing are also good. 
  • In terms of placements, the Marketing and Finance domain had really good statistics. 
  • But, it is important to know that this varies according to the demands of that role offered by the recruiter.

Here are the placement statistics for the year 2021.

Highest International CTC  INR 56.8 LPA
Highest Domestic CTC  INR 41.5 LPA
Average CTC  INR 23.6 LPA
Major domains Finance and Sales & Marketing
Top recruiters PwC, Deloitte, Optum, BCG, Amazon, Cipla, MX Player, ACT Fibernet, Paytm, Microsoft

Lastly, one can say that the candidate will be getting the best faculty to teach them in the institute. It is up to the decision of the aspiring candidate about their choice of domain. The trend of placement varies every year. It is important to choose the field of study as the interest of the candidate.



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