IIM Mumbai Scholarship 2025

Mumbai, MaharashtraEstd 1963
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Collegedunia Team

Content Curator | Updated 3+ months ago

IIM Mumbai scholarships are offered under various criteria to deserving and meritorious students. The financial support provided by the institute is in the form of tuition fee waiver for students enrolled in various degree programs. 

 

IIM Mumbai Scholarships Details

The below table represents details for IIM Mumbai scholarships:-

Scholarship Name Amount Eligible students 
Type 1 30% tuition fee waiver Family income less than INR 2.50 lakhs 
Type 2 50% tuition fee waiver Family income less than INR 1 lakhs
Teaching Assistantship  INR 12,400 per month GATE Qualifiers
Central Sector Scholarship Scheme- Top Class Education of SC students  N.A. Family income less than INR 8 lakhs
Central Sector Scholarships Scheme- Top Class Education of ST students  N.A. Family income less than INR 8 lakhs

IIM Mumbai Courses & Fees

Scholarships offered by IIM Mumbai

IIM Mumbai offers scholarships to its students in three categories as mentioned below:- 

  • Scholarships Type 1 

IIM Mumbai Scholarships type 1 provide a 30% tuition fee waiver to its students. This fee waiver is for those students enrolled in the postgraduate programs whose total family income falls below INR 2.50 lakh in the last financial year.

  • Scholarships Type 2

IIM Mumbai Scholarships type 2 offers 50% waiver of tuition fee: This fee waiver is applicable to all those students enrolled in the postgraduate programs whose total family income falls below INR 1.00 lakh in the last financial year.

IIM Mumbai Admissions 2024

  • Teaching Assistantship

IIM Mumbai provides teaching assistantship to GATE qualifiers with an amount worth INR 12,400 per month and contingency expenditure as per rules. 

Scholarships offered by the Government of India

SC / ST candidates are granted Central Sector Scholarship as per the Government scheme. Scholarships offered by the Government of India are as mentioned further:- 

  • Central Sector Scholarships- Top Class Education Scheme for SC Students

Offered by the Ministry of Social Justice & Empowerment, GoI, to SC students. It is provided based on their annual parental income for the previous financial year. 

Candidates interested to apply for such scholarships should have a gross family income not exceeding INR 8,00,000/-.

IIM Mumbai Reviews

  • Central Sector Scholarships- Top Class Education Scheme for ST Students

The scholarships are offered to ST students. It is provided based on their annual parental income for the previous financial year. 

Candidates interested to apply for such scholarships should have a gross family income not exceeding INR 8,00,000/-.

IIM Mumbai Cutoff

IIM Mumbai Scholarships FAQs

Ques. Does IIM Mumbaiprovide scholarship assistance to its students? 

Ans. Yes, IIM Mumbai offers scholarships to its students under various categories as tuition fee waivers and teaching assistantship. 

Ques. What forms of financial assistance is offered by IIM Mumbai?

Ans. Scholarships offered by IIM Mumbai are in the form of 30% and 50% tuition fee waivers. In addition, teaching assistantship is also offered to GATE qualifiers. 

Ques. Which students are eligible to qualify for scholarships at IIM Mumbai?

Ans. Students with family income less than INR 1 lakhs are eligible to qualify for 50% tuition fee waivers scholarships. Students with family income less than INR 2.5 lakhs are eligible for 30% tuition fee waivers. 

Ques. Are there any other scholarships than tuition fee waivers for IIM Mumbaistudents? 

Ans. There are scholarships in the form of teaching assistantship worth INR 12,400 per month for GATE qualifiers. 

Ques. Are there any government scholarships available for students in IIM Mumbai?

Ans. Yes there are government of India scholarships for SC / ST students available under IIM Mumbai scholarships.

IIM Mumbai Scholarships: Students' Opinion

AI-Generated Summary based on 72 Reviews

NITIE offers several scholarships and financial aids to students, primarily based on merit and financial need. The total fee for the two-year programs ranges between INR 14 to 15.6 lakhs, with hostel fees included but excluding mess charges. Scholarships are available for SC/ST, EWS, sports, and academic excellence, with specific schemes offering up to 100% tuition fee waivers based on criteria like family income and category. For instance, students with a family income of less than INR 2.5 lakhs can receive a 30% fee waiver.

GATE qualifiers receive a teaching assistantship stipend of INR 12,400 per month. Government and private scholarships are also available, along with various alumni-provided financial aids. Educational loans are easily accessible from major banks including SBI, Canara Bank, and others, often without the need for collateral. Overall, NITIE boasts a strong return on investment, with 100% placement records and competitive average starting packages.

...Read More
 By Collegedunia’s Personal AI

Why To Join IIM Mumbai - Reviews & Rating

4.3
& Win Monthly Prizes Up to ₹1 Lakh/-*
5(84%)
4(13%)
3(0%)
2(1%)
1(1%)

Academic
4.3
Faculty
4.2
Infrastructure
4.3
Accommodation
4.2
Social Life
4.3
Placement
4.7

Most Popular Tags

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Review Rebel
2.7Helpful
Other
Reviewed on Dec 13, 2024(Enrolled 2023)

Fees and Financial Aid:

As I am from general category so I need to pay 150000 I didn't get any scholarship here . Additional charges needed for lab fees and exam fees . Only get addmission on merit .No financial aid is available
...Read More
GUDHKA SANYAM MANISH
4.5Helpful
Reviewed on Sep 27, 2024(Enrolled 2023)

Fees and Financial Aid:

Year 1 fees = 7,63,000 Year 2 fees = 7,00,000 This excludes Mess fees, which is around 4000 Rs/ month All other fees including tuition fees, developmental fees etc is included For SC/ST students Total fees - 4 lac ruppes
...Read More
Prasad Gavande
Prasad Gavande
4.5Helpful
Reviewed on Jun 20, 2024(Enrolled 2024)

Fees and Financial Aid:

There is no drastic change in fees, it is increased but at vey low amount, Total fee is 21 lac, there is scholarship by goverment, for the pepole who has income under 450000, Other people doesn't have any scholarship
...Read More
Shubham Tanwar
Shubham Tanwar
4.5Helpful
Reviewed on Apr 3, 2024(Enrolled 2023)

Fees and Financial Aid:

The tuition fee when I was admitted to IIM Mumbai was Rs 15 Lakhs for the whole course. The fees can be paid in 4 instalments, 2 in each year. The fees include hostel fees and other miscellaneous fees but it does not include Mess fees. The College provide various scholarships, including provided by state and financial scholarships for SC, SC and OBC candidates. The alumni committee also offers financial assistance based on the performance of the candidates. The college also provides scholarship assistance through the National Scholarship Portal which is given by Central Government.
...Read More
Preetam Chatterjee
4.3Helpful
PG Diploma, Industrial Engineering
Reviewed on Jul 28, 2023(Enrolled 2023)

Fees and Financial Aid:

Fees of the NITIE are being hiked for the last few years each year there has been an hike of about 2-3 lakhs. Now it is also set to be an IIM Mumbai then fees surely will be hiked a lot, at par with BLACKI perhaps. fees are definitely high for someone who prepares for GATE in the hopes of getting a government job. you are eligible for a scholarship stipend of 12400/- through GOI under the MHRD scheme.
...Read More
NITISH KUMAR CHOWDHARY
NITISH KUMAR CHOWDHARY
4.4Helpful
Reviewed on Jul 15, 2023(Enrolled 2022)

Fees and Financial Aid:

For the VLFM program, the fees hike policy is generally decided by the institute management and it was last revised in the year 2020. There is no scholarship as such in the VLFM program. The Job/Final placement of the VLFM program has an average of 25.63 Lpa.
...Read More
TANUSHA CHOUDHARY
3.8Helpful
PG Diploma, Industrial Engineering
Reviewed on Jul 14, 2023(Enrolled 2022)

Fees and Financial Aid:

The fees are decent compared to other top-level schools. We have scholarships for SC/ST students as well as scholarships based on economic status. Gate students get there TA scholarship of Rs. 12400 per month. Plus during an internship, we get a good stipend.
...Read More
Ashwini
Ashwini
4.1Helpful
PG Diploma, Industrial Engineering
Reviewed on Jul 14, 2023(Enrolled 2022)

Fees and Financial Aid:

The fee is nominal when compared to other government institutions while the average packages are comparable to Old IIMs. The ROI is excellent when it comes to NITIE. Various scholarships are updated from time to time through the mail and students can go through the brochure to know about it. The campus placement is 100%.
...Read More
Meenakshi Singh
Meenakshi Singh
4.9Helpful
PG Diploma, Industrial Engineering
Reviewed on Jul 10, 2023(Enrolled 2022)

Fees and Financial Aid:

The fee is very nominal when compared to other management institutes while the average packages are comparable to old IIMs. The ROI is excellent when it comes to NITIE. There are various scholarships that are updated from time to time through the mail and students can go through the brochure to get to know about financial assistance for poor students. I have got an IDFC First Bank scholarship of 100000 per year and also a monthly stipend of 12400 under a Teaching Assistantship.
...Read More
ASHWIN SHRIVASTAVA
4.8Helpful
PG Diploma, Industrial Engineering
Reviewed on Feb 8, 2023(Enrolled 2021)

Fees and Financial Aid:

Fees is consistent for the past 4 years and GATE students get monthly stipends as per MHRD norms. Live Projects opportunities are provided by the college to earn during the studies. Various government scholarships are provided by the college to reserved students.
...Read More

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IIM Mumbai: 1 Answered Question

What are the ways I can fund PGDIE course in NITIE through the GATE? Is there any chance for the GATE toppers to get into this institute with a good amount of scholarship?

Debdeep Majumder
Himanshu KhanStudied at National Institute of Industrial Engineering (2019)

You will become eligible to avail of the monthly stipend of Rs. 12,400 which is provided by the MHRD once you qualify for the GATE exam. Other fee-waiver programs at NITIE will help in significantly reducing the amount of fee that you need to pay.

Also, there are scholarships that are provided to the students whose family income is less than a certain specified amount. In addition to this, as a student of NITIE, you can easily avail of an education loan.

Also, NITIE provides an opportunity for summer projects. Once you get selected for the internship, the company pays you a stipend for it.

...Read More
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