Indian Institute of Management Indore

Students enrolling in IIM Indore can avail the benefits of a number of IIM Indore scholarship programmes run by IIM Indore and the Central Government of India under various schemes.

IIM Indore’s PGP Executive Committee and Need-Based Financial Assistance Committee (NBFA) award the Need-Based Financial Assistance to provide reimbursement for a portion of the candidate’s fee based on the income slab of the candidate's family. All students from economically weaker sections (EWS) pursuing PGP and IPM courses can avail themselves of IIM Indore scholarships.

The objective of this assistance is to ensure that no student is deprived of education because of financial reasons. The cap of assistance is interest on education loans taken by students for the duration of their stay in the Indian Institute of Management Indore . The NBFA Committee decides the number and quantity of aid with a two-step process.

In the first stage of the Indian Institute of Management Indore scholarship, students’ financial need is assessed, and some of the students are called for the second stage, where the need for assistance is evaluated. The Ministry of Minority Affairs, Government of India, also provides a scholarship to students belonging to minority categories from underprivileged backgrounds.

A few of the IIM Indore scholarships are the OPJEMS scholarship from OP Jindal Group, the Aditya Birla Scholarship from Aditya Birla Group, the State Bank of India Scholarship and the Eicher Scholarship. Check the eligibility criteria and the amount of scholarship offered to IIM Indore students.

IIM Indore Scholarships, Eligibility Criteria and Amount Name of Scholarship Eligibility Criteria Amount Need-based financial assistance Annual Family Income Below Rs 12,00,000 100% of the maximum amount of NBFA decided for the year + Rs. 3000 per month for 10 months towards mess fee. Annual Family income below Rs. 3,00,000. Ownership of a building not more than 600 sq. feet in ‘A’ class city or 900 sq.

feet in other cities. Investments (FDs/Shares) not more than Rs. 10 Lakh. 75% of the maximum amount of NBFA decided for the year + Rs. 3000 per month for 10 months towards mess fee. Annual Family income below Rs. 4,50,000. Ownership of a building not more than 600 sq. feet in ‘A’ class city or 900 sq. feet in other cities. Investments (FDs/Shares) not more than Rs. 10 Lakh.

50% of the maximum amount of NBFA decided for the year + Rs. 3000 per month for 10 months towards mess fee. Annual Family income below Rs. 6,00,000. Ownership of a building not more than 600 sq. feet in ‘A’ class city or 900 sq. feet in other cities. Investments (FDs/Shares) not more than Rs. 10 Lakh. 25% of the maximum amount of NBFA decided for the year Annual Family income below Rs. 7,50,000.

Ownership of a building not more than 900 sq. feet Investments (FDs/Shares) not more than Rs. 10 Lakh. 15% of the maximum amount of NBFA decided for the year Annual Family income below Rs. 9,00,000. Ownership of a building not more than 900 sq. feet Investments (FDs/Shares) not more than Rs. 10 Lakh.

1% of the maximum amount of NBFA decided for the year SC/ST Scholarships Students belonging to the SC/ST category with a gross family income not exceeding Rs. 4. 5 Lakh Covers tuition fee, other non-refundable charges, hostel fees, books and stationery and cost of IT Equipment. Central Sector Scheme for Top Class Education SC/ST students with merit and family income of Rs. 4. 5 lakhs p. a.