IIM Indore – Indian Institute of Management Scholarships

IIM Indore Scholarships

IIM Indore has introduced several Need-Based Financial Assistance (NBFA) schemes tailored for students from low-income families. In addition to NBFA, there are various scholarship programs offered by the Government of India and numerous industries/corporations associated with IIM Indore.

Explore the range of financial aid options available at IIM Indore:

IIM Indore Scholarships

Need-Based Financial Assistance (NBFA)

• Administered by the PGP Executive Committee and NBFA Committee at IIM Indore
• Eligibility: Students with a gross family income not exceeding INR 4,50,000 in the previous year

Below are the specified amounts of financial aid provided to students according to their family income brackets:

Scholarships Offered by Industries

In addition to NBFA and government scholarships, financial assistance is also available from various industries. Here are some examples:

Aditya Birla Scholarships:

• This program supports meritorious students from their first year.
• Eligible students, who rank among the top 25 performers in terms of CGPA, can continue to receive the scholarship in their second year.
• Typically, 1 or 2 students are selected, receiving a reimbursement of INR 1,75,000.

OPJEMS Scholarships:

• Top 20 students from the second year, based on their previous year grades or CGPA, are eligible.
• 1 or 2 students are selected based on eligibility criteria, including a written test and personal interview.
• Selected students receive a reimbursement of INR 1,25,000.

State Bank of India (SBI) Scholarships:

• These scholarships are merit-based and awarded annually.
• Qualified students receive a reimbursement of INR 1,50,000.

Eicher Scholarships:

• Awarded to deserving students based on merit each year.
• Recipients receive an amount of INR 50,000.