Indian Institute of Management – IIM Lucknow Scholarships

Explore the diverse forms of financial support extended by IIM Lucknow:

IIM Lucknow extends a range of need-based scholarships, specifically catering to students whose academic performance is outstanding but who face financial constraints.

For individuals with a combined gross family income (including self, parents, and spouse, if applicable) of less than INR 4 LPA, IIM Lucknow offers specialised need-based scholarships. The eligibility for these scholarships involves an assessment of various factors such as the candidate’s past earnings, the extent of their student loans, and other relevant considerations.

Candidates selected for IIM Lucknow Scholarships based on merit can benefit from this financial assistance for a minimum duration of one year. The institute prioritises the distribution of need-based scholarships to students with a strong academic track record, as defined by the institution.

IIM Lucknow disburses need-based scholarships in the form of fee waivers, ensuring that deserving candidates receive the necessary financial support.

Complementary Scholarships:

In addition to the need-based scholarships offered by IIM Lucknow, there are various other forms of financial assistance available to students.

One primary avenue for securing financial support is through official entities such as the Government of India. The State and Central Governments allocate scholarships to academically proficient students facing financial constraints, and IIM Lucknow facilitates the process for students to access these opportunities for career advancement.

Another avenue for accessing scholarship resources is through well-established industries or corporations. Additionally, students with limited financial means can enhance their educational experience beyond IIM Lucknow scholarships by seeking support from alumni. Many alumni and corporate entities extend financial assistance to deserving students based on genuine terms and conditions.

Fellowship Programs:

In addition to IIM Lucknow Scholarships and financial aid from official bodies, there are fellowship programs that include fellowship grants.

Fellowship Grant:

All Indian scholars admitted to the program receive a fellowship allowance for up to four and a half years. During the first and second years, scholars are granted a fellowship stipend of INR 35,000 per month, which continues until the successful completion of the Comprehensive Exam at the end of the second year. From the third year onwards, scholars receive a stipend of INR 40,000 per month after successfully clearing the comprehensive examination in the third year.

Contingency Grant:

Resident Indian scholars admitted to the program are entitled to a contingency allowance for up to four and a half years. This comprises a contingency grant of INR 10,000 per annum in the first and second years and INR 15,000 per annum in the third and fourth years of the program. The grant is intended for the purchase of books, stationery, computer hardware/software, and similar items. Additionally, scholars may avail themselves of a one-time computer purchase grant of INR 50,000, which can be utilised before the completion of coursework.

Conference Support:

A combined total of travel grant/conference registration grant amounting to INR 1,40,000 is provided, with the following allocations: (i) Attendance at one international conference after submitting the thesis proposal, (ii) Attendance at a maximum of one domestic conference in each of the third and fourth years, with an additional travel grant of INR 10,000 in either the third or fourth year, (iii) Participation in a domestic Doctoral Consortium or the proposed annual inter-IIM Doctoral Consortium/Doctoral consortia organised by IIMs/IISc/IGIDR.

Miscellaneous Financial Support:

During the third and fourth years, scholars are eligible for reimbursement of the annual membership fee (scholar/student rates) for one national and one international professional society. Additionally, reimbursement is provided for travel, boarding, lodging, and local conveyance expenses related to case-writing and field-based research during the third and fourth years, capped at a maximum of INR 50,000.

The Institute extends specific facilities for married FPM scholars with families residing on campus, including reimbursement of family health insurance premiums. A combined health insurance cover of INR 100,000 for the candidate, spouse, and two children is offered by the Institute, with the premium payable for this cover being reimbursed.

How to Apply for IIM Lucknow Scholarships?

To apply for IIM Lucknow Scholarships, follow these essential steps on the official website or the relevant platform offering financial aid. Keep in mind these crucial steps when applying for scholarships at IIM Lucknow or any other educational institutions:

Step 1: Visit the official website, iiml.ac.in, or the relevant official website, and locate the section for scholarships or financial assistance that you intend to apply for.

Step 2: Ensure that you have all the necessary documentation ready before submitting your scholarship application. This includes i) a scanned copy of your photograph, ii) scanned copies of your 10th and 12th-grade marksheets (and graduation marksheets if applying for a postgraduate program), iii) proof of family income, and identity proof as specified by the institute.

Step 3: Click the submission button for your scholarship request and make a note of the temporary or permanent ID provided for future reference.