Pursuing an MBA from the Indian Institutes of Management (IIMs) is a dream for thousands of CAT aspirants. However, the high tuition fees often become a major hurdle. To support deserving candidates, various CAT scholarships are offered every year. There are various need-based scholarships to merit-based awards for top performers. Whether you’re wondering “Is there any scholarship for MBA in IIM?” or looking for details on various IIM scholarships, this blog will walk you through all the key opportunities.
Top B-schools in India, such as the IIMs and others, offer both government-aided and institute-specific scholarships. These scholarships are based on CAT scores, academic performance and economic backgrounds. The total fee for the MBA program at IIMs is around INR 20 to 27 lakhs. Students having an annual income below 6 lakhs are eligible for IIM scholarships. In this blog, we’ll also discuss the scholarships provided by other B schools as well. So let’s begin.
IIM Ahmedabad provides scholarships for economically weaker students. There is also an IIM scholarship for SC, ST, and OBC students. Below is the list:
| Scholarship Name | Eligibility Criteria | Scholarship Amount |
|---|---|---|
| Peri Vishwanath Scholarship | Merit-based scholarship | Rs 4 lakhs |
| PGP Alumi Endowment Fund | Total of 9 students from Economically Weaker Backgrounds | Rs 2 lakhs – Rs 3 lakhs |
| Aditya Birla Group Scholarship | Merit-based scholarship, 3 students selected annually | Rs 1.75 lakh per student annually |
| Dunia Scholarship for academic excellence | Two students are selected every year based on merit | Rs 1 lakh per student |
| IIM-A Need-Based Scholarship | For economically weaker students having a family annual income below 15 lakhs, this IIM scholarship for general category, and other categories | NA |
| Family income-linked tuition fee waiver scheme | IIM-A students with a family income of less than 6 lakhs are eligible | NA |
| Special scholarship for IIM students (need-based) | Students having an annual income of less than 2 lakhs are eligible | NA |
| Industry special scholarships | For students not registered in the “Special scholarship program” | NA |
| OP Jindal engineering and management scholarship | Every year, two students are selected based on academic performance and a personal interview | NA |
| ONGC SC/ST Merit-cum-means scholarship | SC/ST students selected (number varies every year) | NA |
| Ocwen scholarship | First-year student, shortlisted through research paper and PI | NA |
| State government scholarship | State governments fund the education of meritorious students every year | NA |
| Government of India merit-cum-means scholarship | At least 25% students belonging to the non-sponsored category in the Ist and IInd year | Rs 2,200 per year |
| SC/ST Scholarship | SC/ST students of IIM-A | Rs 150 monthly for 10 months |
The scholarship committee of IIM Bangalore offers scholarships under various categories. Below is the list of scholarships offered at the institute:
| Name of Scholarship | Eligibility Criteria | Amount |
|---|---|---|
| Societe Generale Global Solution India Scholarship | IIM Bangalore nominates students, and students are shortlisted after personal interviews. | Full tuition fee is waived off |
| Cognizant Technology B’izard Scholarship | Three students are shortlisted based on academics, leadership skills, and personality traits. Traits like contribution to society and welfare are also evaluated. | Winner: Rs 3 lakhs
Ist Runner Up: Rs 2 lakhs IInd Runner Up: Rs 1 lakh |
| Ocwen Financial Private Limited Scholarship | One student is selected based on the research paper submitted | Rs 1.8 lakhs |
| Aditya Birla Scholarship | A few students (number varies every year) of the Ist and IInd year are shortlisted | Rs 1.75 lakh per student |
| Rajesh Kaushik Memorial Scholarship | Merit-based scholarship | Rs 1.5 lakhs annually |
| OPJEMS Scholarship | Two students, each from the Ist and IInd year (based on merit) | Rs 1.25 lakh per student |
| T Thomas Scholarship | One student from the IInd year (based on merit) | Rs 1 lakh |
| Uday Nayak Scholarship | One student from the IInd year (based on merit) | Rs 10,000 |
| State Government IIM Scholarship for General Category | General category students from an economically weaker background are selected (Income certificate required) | NA |
The following is the list of scholarships offered by IIM Calcutta for Ist and IInd year students:
| Name of Scholarship | Eligibility Criteria |
|---|---|
| B.P. Poddar Scholarship | Ist year student (based on merit) |
| T.T. Krishnamachari Award | Awarded to Ist year student based on merit |
| India Carbon Scholarship | Ist year student, selected based on academics and a personal interview |
| Damodar Valley Corporation Award for Creditable Performance | Ist year student (based on merit) |
| Central Bank of India Prize for Best Performance in Finance Course | MBA Finance Ist year student, based on merit |
| Aditya Kashyap Memorial Scholarship | For the student achieving the first rank in the Ist year |
| P.R. Karthik Scholarship | Awarded to an Ist year student based on merit and personal interview |
| Chairman’s Prize | IInd year student (based on merit) |
| John Wynne Prize | IInd year student (based on merit) |
| State Government IIM scholarship for SC and ST students | Based on the caste certificate |
| B.S. Dua Memorial Prize | For Ist year students achieving 2nd rank |
| Calcutta Chapter Award for Outstanding Academic Performance in PGDM | For IInd year student (based on merit/academics) |
| Late Sumantra Ghoshal Award for Academic Excellence | IInd year student achieving the highest CGPA |
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Another IIM in the list of scholarship for IIM students is IIM Lucknow. The institute offers need-based scholarships, as well as industry-sponsored scholarships. The scholarship amounts range from Rs 6,000 to Rs 1 lakh. Below is the list of the IIM scholarships offered by IIM Lucknow:
| Name of Scholarship | Eligibility Criteria | Amount |
|---|---|---|
| Bharti Scholarship | IIM Lucknow students with an annual family income of less than Rs 1.08 lakhs | Rs 50,000 per annum |
| Industry-Sponsored Scholarship | Students are selected based on merit | Rs 6,000 to Rs 1 Lakh per annum |
| IIM-L Need-Based Scholarship | Students with an annual family income of up to Rs 1.5 lakh, 15% students in a batch are selected on income as well as academics | NA |
| Merit-based IIM scholarship | Top 25% meritorious students are selected | Rs 2,200 per student annually |
| IIM scholarship for SC and ST students | All SC and ST category students can apply | Rs 1,500 monthly |
| State Government IIM MBA fees scholarship | Any student with an annual family income of less than Rs 8 lakhs is eligible | NA |
In this section, we’ll list the scholarships offered by popular Business Schools in India. Most cat scholarships offered are based on either the CAT score, academics, or both.
| Name of Institute | Name of Scholarship | Eligibility Criteria | Amount |
|---|---|---|---|
| Indian School of Business, Hyderabad | Citibank Scholarship | Merit-based scholarship | Up to Rs 6 lakhs |
| HSBC Meritorious Scholarship | Merit-based scholarship | Up to Rs 6 lakhs | |
| Novartis Group Scholarship | Merit-based scholarship | Up to Rs 6 lakhs | |
| Global Scholarship | Ten international students from different geographical backgrounds | Rs 3 lakhs to Rs 15 lakhs | |
| Institute of Rural Management, Anand | SC and ST Scholarship | SC and ST students (up to 15 students) | Full tuition and hostel fees |
| Ratan Tata Merit-Based Scholarship | Top 5 IInd year students (based on academic performance) | Maximum up to Rs 50,000 | |
| Government of India SC/ST scholarship | 10 SC and ST students of each year | NA | |
| Ministry of Tribal Affairs Scholarship | All SC/ST students are eligible | NA | |
| National Dairy Development Board Scholarship | All ST students can apply | NA | |
| Institute of Financial Management and Research, Chennai | Merit-based scholarship | Top academic performers | Rs 1 lakh to a full tuition fee waiver |
| T Thomas Scholarship by Hindustan Unilever Limited (HUL) | Top CGPA scorer of the PGDM course | Rs 1 lakh | |
| Tata Institute of Social Sciences, Mumbai | MK Tata Trust Scholarship | Need-based and merit scholarship, selected meritorious students from each department, like HRM, Health Admin, Finance, Business, etc | NA |
| Need-based Scholarship | Students with weak economic backgrounds with strong academic performance are selected | NA | |
| Amity Business School | Merit-based Scholarship | Students scoring 93% and above in Class XII (CBSE and ISC boards) and 80% in graduation | Two categories:
|
| Management Development Institute, Gurgaon | Bharti Foundation Merit-based Scholarship | Top 5 academic performers | Rs 10,000 per student |
| T.A. Pai Management Institute, Manipal | Merit-based Scholarship | Top 3 overall academic performers in the MBA programme | Rs 1 lakh |
| National Institute of Management, Mumbai | Need-based scholarship | Students with an annual family income of less than Rs 1.5 lakh | 30% tuition fee waiver |
| Welingkar Institute of Management Development and Research | Merit-based scholarship | The top 3 rank holders in the entrance exam | Ist Rank: 100% fee waived off
IInd Rank: A laptop IIIrd Rank: Foreign Internship (fully sponsored) |
In this section, we list the cat scholarships and various other scholarships available at these popular private B-schools.
| Name of Institute | Name of Scholarship | Eligibility Criteria | Amount |
|---|---|---|---|
| SRM Institute of Management, Chennai | SRM Founder Scholarship | State Topper in Class XII | Full tuition fee and accommodation fee waived off, and a monthly stipend of Rs 1,000 |
| Merit-based Scholarship | Students scoring 95% or more in CBSE, ISC, or state board exams | 50% tuition fee waived off | |
| Minority Students Scholarship | Religious and caste based minority students are eligible | 25% to 100% fee waiver | |
| PwD Students Scholarship | PwD students are eligible | Upto 100% fee waiver applicable | |
| Lovely Professional University, Phagwara | LPU-TFA (LPU-Test for Financial Aid) Scholarship | Students with weak economic backgrounds are eligible | NA |
| Merit-based Scholarship | 90 percentile and above in CAT | Rs 50,000 per semester waived off | |
| Merit-based Scholarship | 80 percentile to 89.9 percentile in CAT | Rs 40,000 per semester waived off | |
| Merit-based Scholarship | 70 percentile to 79.9 percentile in CAT | Rs 30,000 per semester waived off | |
| Jaipuria Institute of Management, Lucknow | Merit-based Scholarship | The top 3 rankers in the Ist and IInd year | NA |
| Indus Business Academy, Bangalore | Merit-based Scholarship | 80% and above in Class XII and graduation
Or 80 percentile and above in CAT Or 96 percentile and above in MAT/ATMA/CMAT |
Rs 30,000 annually |
| Merit-based Scholarship | 90 percentile and above in CAT
Or 99 percentile and above in MAT/ATMA/CMAT |
Rs 40,000 annually |
Pursuing an MBA at IIMs and other top B-schools in India can be financially challenging. However, the scholarship can be of great help for deserving candidates. These scholarships are based on merit, financial need, or a combination of both, ensuring equal opportunities for all students. Whether you’re aiming for IIMs or popular B-schools, each institute provides structured financial aid and scholarships to support talent. So, if you’re preparing for CAT 2025, explore these scholarship opportunities for MBA in IIMs and other B-schools early on to make your MBA more affordable.
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