60+ IIM Scholarships for MBA Applicants

IIM, also known as the Indian Institute of Management is the top business school in India providing the best education in Business and Management. In order to secure admission into IIM, candidates have to appear for the CAT, which is one of the toughest competitive exams in India. In all, there are 20 IIMs in India offering undergraduate, postgraduate, doctoral, executive as well as additional certificate and online programs. Read on to find out about the various scholarships offered by various IIMs in our country.

Also Read: MBA Scholarships in India & Abroad

List of IIM Scholarships

Scholarships offered in IIMs are mainly of two kinds: 

1. Need-based scholarships : These scholarship amounts are determined on the basis of the family income of the students. Only students hailing from financially weaker backgrounds are offered this scholarship.

2. Merit-based scholarships – These scholarships are offered to meritorious students who obtain a high score in their CAT exam or who perform well in the exams conducted by IIM.

Check Out – Sardar Patel Scholarship: Amount, Dates & Selection

IIM Scholarships Eligibility

• The results of the written test taken by the MBA college
• The results of the GD/PI interviews held as part of the hiring procedure
• The holders of merit-based scholarships and state rankings
• The job history at a reputable company
• The Sports Scholarship for individuals who have competed at the national level for their state
• The MBA College’s academic achievement for the current academic year, including its best students
• The scholarship for candidates who are physically disabled, SC, or ST

Also Read: IIM Fees for MBA 2023-24

IIM Ahmedabad

Given below is the list of the most popular IIM Ahmedabad scholarships: 

1. IIM-A Special Need-Based Scholarships
   Eligibility: For economically weak students who want to pursue PGP or PGP-ABM. This fee waiver scheme is offered on the basis of the family income of the student.

2. IIM- A scholarship for FPM
   Eligibility: Students whose total family income is less than Rs. 6 lakh in the previous financial year are eligible for this scheme.

3. IIM-A Industrial scholarship
   Eligibility: Students who are not registered for the IIMA special scholarships are eligible to apply.

4. IIM – A PGPX Scholarship
   Eligibility: Students who are not registered for the IIMA special scholarships are eligible to apply.

5. SC/ST Scholarships
   Eligibility: Few of the outstanding SC/ST students are shortlisted for this scholarship.

6. GOI Merit-cum-Means Scholarships 
   Eligibility: At least 25% of students belonging to the non-sponsored student body from both first and second year are awarded this scholarship.

7. State Scholarship
   Eligibility: State Governments fund the education of some of the best students from those states. This scholarship is need and merit-based.

8. Aditya Birla Group Scholarships
   Eligibility: students are shortlisted by ABG on the basis of merit. Around six students are shortlisted.

9. OP Jindal Engineering and Management Scholars
   Eligibility: Two candidates are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview.

10. Ocwen Financial Solutions Private Limited
    Eligibility: on the basis of a research paper and PI the scholarship is given to a  first-year student.

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IIM Bangalore

Here is a list of IIM Bangalore scholarships: 

1. Aditya Birla Group Scholarships
   Eligibility : students are shortlisted by ABG on the basis of merit. Around six students are shortlisted.

2. OP Jindal Engineering and Management Scholars
   Eligibility : Two candidates are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview.

3. Ocwen Financial Solutions Private Limited
   Eligibility : on the basis of a research paper and PI the scholarship is given to a      first-year student.

4. Rajesh Kaushik Memorial Scholarship
   Eligibility : students are chosen for this scholarship on the basis of merit.

5. Societe Generale Global Solution Centre India Scholarship
   Eligibility : Students from financially weaker sections are nominated by the institute and are shortlisted on the basis of interviews.

6. T Thomas Scholarship
   Eligibility : A second-year student is shortlisted for this scholarship.

7. Uday Nayak Scholarship
   Eligibility : A second-year student is shortlisted for this scholarship.

8. SC/ST Scholarships
   Eligibility : Few of the outstanding SC/ST students are shortlisted for this scholarship.

9. GOI Merit-cum-Means Scholarships
   Eligibility : At least 25% students belonging to the non-sponsored student body from both first and second year are awarded this scholarship.

10. State Scholarship
    Eligibility : State Governments fund the education of some of the best students from those states. This scholarship is need and merit based.

Must Read: PhD Abroad With Scholarships For Indian Students

IIM Lucknow

Check out the list of IIM scholarships at their Lucknow institute: 

1. Societe Generale Global Solution Centre India Scholarship
   Eligibility : Students from financially weaker sections are nominated by the institute and are shortlisted on the basis of interviews.

2. Aditya Birla Scholarship
   Eligibility : students are shortlisted by ABG on the basis of merit. Around six students are shortlisted.

3. Bharti Scholarship
   Eligibility : Students whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply for this scholarship.

4. SC/ST Scholarships
   Eligibility : Few of the outstanding SC/ST students are shortlisted for this scholarship

5. GOI Merit-cum-Means Scholarships
   Eligibility : At least 25% students belonging to the non-sponsored student body from both first and second year are awarded this scholarship.

6. State Scholarship
   Eligibility : State Governments fund the education of some of the best students from those states. This scholarship is need and merit based.

IIM Calcutta

Given below is the list of scholarships offered by IIM Calcutta: 

1. B.P. Poddar Scholarship
2. India Carbon Scholarship
3. T. T. Krishnamachari Award
4. BPL Prize
5. Damodar Valley Corporation Award For Creditable Performance
6. Central Bank of India Prize For Best Performance In Finance Course
7. Aditya Kashyap Memorial Scholarship (for 1st rank holder)
8. P. R. Karthik Scholarship
9. SC/ST Scholarships
10. GOI Merit-cum-Means Scholarships
11. State Scholarship

IIM Kozhikode

Here is a list of scholarships offered by IIM Kozhikode: 

1. .IIMK Merit Scholarship
2. .Merit-cum-Means Scholarship
3. Rajarshee Sahu Maharaj Scholarship
4. SC/ST Scholarships
5. GOI Merit-cum-Means Scholarships
6. State Scholarship

IIM Indore

Check out the scholarships offered by IIM Indore: 

1. Need-Based Financial Assistance
2. SC/ST Scholarships
3. GOI Merit-cum-Means Scholarships
4. State Scholarship

IIM Rohtak Scholarship

Check out the scholarships offered by IIM Rohtak scholarship here: 

1. SC/ST Scholarships
2. GOI Merit-cum-Means Scholarships
3. State Scholarship
4. Aditya Birla Scholarship
5. OPJEMS Scholarship
6. Sports scholarship

Check Out – Oxford and Cambridge Society of India Scholarship

FAQs on IIM Scholarships

These were some of the most popular IIM Scholarships. Do you need help in preparing for IIM admissions? Or expert advice on which MBA school is the best for you? Reach out to MBA experts at Leverage Edu and get the best advice possible. Book a free counselling session today!