IIM Ranchi has been recognised as the 9th IIM and among the best B-Schools in India. IIM Ranchi offers various scholarship programmes under various Departments and Ministries of Government of India.

Have a look at some of the financial assistance programmes applicable in IIM Ranchi offered by the Government of India.

IIM Ranchi Scholarships 

Name of Scholarship Scholarship Amount (in INR)
National Fellowship and Scholarship for Higher Education of ST Students 31,000
Merit-cum means based Scholarship Scheme belonging to the Minority Communities  20,000
 
Central Sector Scholarship Scheme of Top Class Education for SC Students  N.A.
Scheme of Scholarship for Top Class Education for Students with Disabilities. Up to 2 lakhs per year
Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education 12,000 (Graduation Level)
20,000 (Post Graduation Level)

For more details click here IIM Ranchi Courses and Fees

  • National Fellowship and Scholarship for Higher Education of ST Students- Ministry of Tribal Affairs
  • These scholarships provide financial support to ST students to pursue higher degree courses like MPhil, Ph.D or integrated M.Phil + Ph. D. 
  • A minimum aggregate of 55% marks at PG level from a recognised university is required to be eligible for National Fellowship Scholarships.
  • Students eligible for IIM Ranchi Scholarships are selected on a merit-basis. 
  • There is no minimum Income criteria for students eligible under the National Fellowship Programmes. 
  • The maximum age should be 36 years, as on the first day of July of the relevant year of the award of scholarship. 
  • Scholarship Seats:- 750

Check for more details IIM Ranchi IPM

  • National Fellowship- Amount of scholarship
Course Stream Scholarship (in INR) Contingency Annually (in INR)
M.Phil
 		 Humanities and Social Sciences  31,000 /- 10,000 /-
Science / Engineering Technology 12,000 /-
Ph. D Humanities and Social Sciences  Rs.31000/- for first two years and Rs.35000/- for remaining 3 years 20,500 /-
Science / Engineering Technology 25,000 /-
HRA for all the courses (monthly): Equal to UGC rates [8% or 16% or 24% based on city*
Escort Allowance for Divyanjan (monthly): INR 2000/- (at par with UGC rates)*

Check IIM Ranchi Ranking

  • Merit-cum means based scholarship scheme belonging to the Minority Communities 
  • The Merit-cum means based Scholarships assist financial support to the poor and meritorious students belonging to minority communities to pursue professional and technical courses.
  • Students should possess an aggregate of more than 50% marks (or equivalent grade in the previous final examination). 
  • The annual income of a student’s parents/guardians from all sources should not exceed INR 2.50 lakhs.
  • Students from minorities sections are eligible to apply for IIM Ranchi Scholarships under Minorities like Muslims, Sikhs, Christians, Buddhists, Jain and Zoroastrians (Parsis) under Section 2 (c) of the National Commission for Minorities Act, 1992.
  • Scholarship Seats:- 60,000 “Fresh” + “Renewal” Scholarships.
  • Merit Cum Means Scholarship- Reimbursement Amount
Item Existing Amount
Course Fee INR 20,000/- per annum
(for both Hosteller & Day-Scholar)
Maintenance Allowance  INR 1,000/-* per month (Hosteller)
INR 500/-* per month(Day Scholar)

* For 10 months in a year.

For more details click here IIM Ranchi Placements

  • Central Sector Scholarship Scheme (CSSS) of Top Class Education for SC Students- Ministry of Social Justice and Empowerment 
  • CSS Scheme provides financial support to meritorious students from SC background willing to pursue degree programs. 
  • Students should have an annual family income up to INR 4.5 lakh per annum to be eligible for CSS Scholarship.
  • As reimbursement, this scholarship covers major finances like tuition fees, non refundable charges, lodging & boarding charges, books & stationery charges and cost of IT equipment for the first year.
  • Eligible students can apply through NSP Portal i.e. https://scholarships.gov.in when the scholarships are being activated. 

For more details click here IIM Ranchi Cutoff 

  • Scheme of Scholarship for Top Class Education for Students with Disabilities
  • Students with disabilities (SwD) pursuing a graduate/ postgraduate program in a recognised institute are eligible for this scholarship.
  • Students with a gross family income less than INR 6,00,000/- per annum, are eligible to apply for the scholarship. 
  • Total scholarship seats available under the stated scheme is 300.
  • Scholarship Amount
Components of Scholarship Rates per Awardee
Reimbursement of tuition fee and non-refundable charges Up to INR 2.00 lakh - per annum
Maintenance Allowance INR 3,000 /- per month for hostellers,
INR 1,500/- per month for day-scho
Special Allowances
(related to types of disabilities like reader allowance, escort allowance, helper allowance etc.)		 INR 2,000 per month
Books and Stationary  INR 5,000 /- per annum
Reimbursement of expenses-
Purchase of a computer with accessories		 INR 30,000/- as a one-time grant for the entire course.
Reimbursement of expenses-
Purchase of Aids and Assistive Devices including necessary software related to the particular disability 		 INR 30,000/- as a one-time grant for the entire course.

For more details click here IIM Ranchi Admissions 2024

  • Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education
  • A component scheme known as the Central Sector Scheme of Scholarships for College and University Students (PM-USP CSSS)
  • Students with gross parental / family income up to Rs. 4.5 lakh per annum are eligible for scholarship under the scheme. 
  • Students scoring at least 50% marks in the Final Examination and maintaining at least 75% attendance shall be eligible for renewal of scholarship in their next year. 
  • Scholarship Amount:- 
Qualification  Scholarship Amount (in INR)
Graduation  12,000
Postgraduate  20,000
Integrated Courses (5 years) 20,000 in 4th and 5th year
  • For more details of all National Level Scholarships students can go through the National Scholarship Portal by Government of India- www.scholarships.gov.in 

For more details click here IIM Ranchi Reviews

IIM Ranchi Scholarships FAQs

Ques. What are the types of scholarships offered by IIM Ranchi ? 

Ans. There are various scholarships offered by the Government of India available for students at IIM Ranchi under SC/ ST, SwD (Students with Disabilities) etc. 

Ques. What is the scholarship amount for SwDs at IIM Ranchi Scholarships?

Ans. The Scheme of Scholarship for Top Class Education for Students with Disabilities offers up to INR 2 lakhs as course fee reimbursement. There are additional costs like maintenance (INR 3,000) and equipment costs, special allowances (INR 2,000) and so on.

Ques. How to apply for scholarships at IIM Ranchi?

Ans. Most of the scholarships offered by the Government of India at IIM Ranchi are available online and students can apply through the official NSP portal.

Ques. Are there any sort of Prime Minister’s Scholarship Scheme for students at IIM Ranchi? 

Ans. The Government of India offers Pradhan Mantri Uchchatar Shiksha Protsahan Yojana i.e. PM- USP CSSS Scheme to students pursuing graduation or post graduation degree programs.

Ques. What is the minimum family income criteria to be eligible for IIM Ranchi Scholarships? 

Ans. Scholarships like Central Sector Scholarship Scheme of Top Class Education and others require a family income not exceeding INR 4,50,000/- per year. Similarly Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education requires students to have family income less than INR 4.5 lakhs per annum to be eligible for these scholarships. 

Ques. What are the benefits and best scholarships available at IIM Ranchi?

Ans. Scholarships are available for students to allow them uninterrupted learning and pursue degree programs with sufficient finance. Some scholarships popular at IIM Ranchi include Central Sector Scheme Scholarships for ST, Scholarships for students with disabilities, PM Uchchatar Shiksha Protsahan Yojana etc.