MBA Scholarships in India: List of Best MBA Scholarships, Eligibility, Awards, Application Process

Q: Students from what kind of institutions get a Post Graduate Scholarship for Professional Courses for SC/ST?

Students from Universities/Institutions/Colleges comeunder sections 2(f) & and 12(B) of the UGC Act, Deemed to be Universities included under Section 3 of the UGC Act, 1956, and are eligible to receive grants-in-aid from UGC, Universities/Institutions/College funded by Central/State Government, and Institutes of National Importance get a Post Graduate Scholarship for Professional Courses for SC/ST

Swatantra Khandelwal

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An MBA scholarship in India is a boon for students to pursue a top business course from famous and expensive institutions, a way to deal with the barrier of high fees. MBA Scholarship in India 2023 is given by the Government of India, the Government of states, and private organisations to help economically backward students who would like to do MBA in India.

The students who have scored good marks in class graduation exams and can't do an MBA due to financial problems can apply for this scholarship. Residents of India with a 10+2 pass from a recognised college, a study certificate from an MBA institution, and an income certificate can apply for this scholarship.

Also Check: MBA Admissions

Table of Contents

MBA Scholarship in India: Highlights
Top MBA Scholarships in India
Steps to Apply
Documents Required
Check Payment List
MBA Scholarship in India: FAQs

All About MBA Scholarships in India

Eligibility	Graduation and Studying in MBA College
Apply Mode	Online/Offline
Amount	Up to INR 1 LPA
Expectations	Academic grades, backward classes, specially-abled, children, religious minorities, etc.

Also Check: MBA Specializations

Top MBA Scholarships in India

There are different MBA scholarships available in India. The following table shows the details:

Scholarship	Eligibility	Last Date of Application
BML Munjal University MBA Scholarship	Applicants applying for the MBA program at BML Munjal University can apply. Amount varies for CAT/XAT/GMAT percentile	June 11, 2025 (Tentative)
Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities)	Minority communities, a technical or professional course at undergraduate or postgraduate level, must have secured at least 50% marks or equivalent grade in the previous final examination, annual family income should not be more than INR 2.50 Lakh from all the sources, admission based on the competitive entrance examination or must have scored at least 50% in Class 12 or graduation (in case of direct admission)	October 31, 2025 (Tentative)
IDFC FIRST Bank MBA Scholarship	Indian Nationals residing in India only, gross annual family income from all sources should be less than or equal to INR 6 Lakhs per annum, should have been enrolled in the first year of MBA degree (or its equivalent), INR 1,00,000 (INR 1.00 Lakh/year)	June 30, 2025 (Tentative)
Post Graduate Scholarship for Professional Courses for SC/ST	SC/ST category; The first year of the professional course at the postgraduate level Universities/Institutions/Colleges comes under section 2(f) & and 12(B) of UGC Act Deemed to be Universities included under Section 3 of the UGC Act, 1956, and are eligible to receive grants-in-aid from UGC Universities/Institutions/Colleges funded by Central/State Government Institutes of National Importance	October 31, 2025 (Tentative)
ONGC Scholarship	General category students must be studying in the first year of MBA/Engineering/MBBS/ Master of Geology program, minimum 60% or equivalent CGPA in class 12 and graduation, family income must not exceed INR 2 lakhs per annum, Candidate must not be older than 30 years of age. INR 48,000 per annum	July 08, 2025 (Tentative)
IIMA Special Needs Scholarship (IIM Ahmedabad)	In the postgraduate program, gross family income is below INR 15,00,000,	June 14, 2025 (Tentative)
T. Thomas Scholarship (IIM Ahmedabad)	Hindustan Unilever Limited to a second-year student, the selection is based on merit.	June 14, 2025 (Tentative)
Scholarship for SC/ST candidates (IIM Ahmedabad)	For postgraduate programs belonging to SC/ST category, INR 150 every month for 10 months.	June 14, 2025 (Tentative)
Aditya Birla Group Scholarship	Students of IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong, and XLRI Jamshedpur; the top 20 students who are selected in ranking at the time of admission.	January 31, 2025 (Tentative)
IMT EWS Scholarships	Economically Weaker Sections (EWS), students who are enrolled in any AICTE-approved two-year PGDM program. 10 eligible candidates from IMT Ghaziabad, 5 students from IMT Nagpur, and 5 from IMT Hyderabad.	March 31, 2025 (Tentative)
OP Jindal Engineering and Management Scholarships (OPJEMS)	Postgraduate Programme in Management (PGP), 20 students from different B-Schools, and first-year students will be selected based on the entrance exam. Second, third, and fourth-year students will be selected from their previous year’s academic performance.	August 07, 2025 (Tentative)
IIM Ahmedabad MBA Scholarships	PG students whose gross family income is below Rs. 15,00,000, have different criteria such as annual family income, ownership of assets, and the number of dependents in the family.	July 15, 2025 (Tentative)
IIM Bangalore MBA Scholarships	PG Students, with household income below Rs.8,00,000, have financial difficulties owing to unforeseen circumstances.	June 11, 2025 (Tentative)
IIM Lucknow MBA Scholarship	PG students with a family income of less than Rs.4,00,000, shortlisted based on merit	June 30, 2025 (Tentative)

Also Check:

IIMA Scholarships for MBA	Maharashtra Scholarships

Steps to Apply for an MBA Scholarship in India

Eligible candidates for MBA scholarships can apply through the official portal of the scholarship and fill out the application form online. The steps to apply for MBA scholarships in India are as follows:

Step 1: Go to the official website of the National Scholarships Portal.
Step 2: Read the guidelines given on the website carefully before registering.
Step 3: Choose the type of scholarship.
Step 4: Enter the required details.
Step 5: Upload the required scanned copies of the documents
Step 6: Click on the Register Button.
Step: Download and keep a copy for future reference.

Documents to Apply for MBA Scholarship in India

A recent passport-size photograph
Aadhar card front & back view
The first page of the bank passbook scan
Permanent Residential Certificate of India
10th, 12th, Graduation Class Pass Memos
Caste certificate duly signed by an authorised Revenue Officer
Birth certificate duly signed by an authorised Revenue Officer
Income certificate of the parents.
Note: All documents should be under 500kb

Also Check: MBA Syllabus

How to Check Payment List for MBA Scholarship India?

The payment list has been released for all the students who have applied online for the Chief Minister's graduate scholarship. To see the MBA Scholarship Payment List and to know the

Payment Status, follow the steps given below:

Step 1: Go to the Medhasoft official website

Step 2: Select the University Name

Step 3: Enter the Registration Number

Step 4: Select List No. (If your name is not visible in List-1, then select List-2 or List-3 or the subsequent List. In this way you can check your name in the Payment List)

Step 5: At the Last Click on the View Button

Also Check: How to become a Project Manager?

Top MBA Colleges in India

The top MBA colleges in India and fees are given in the following table:

Top MBA Colleges	Location	Fee
IIM Bangalore	Bangalore	INR 26,00,000
IIM Calcutta	Kolkata	INR 27,00,000
IIM Ahmedabad	Ahmedabad	INR 26,50,000
S P Jain Institute of Management and Research (SPJIMR)	Mumbai	INR 21,00,000
IIM Kozhikode	Kozhikode	INR 20,50,000
Xavier School of Management (XLRI)	Jamshedpur	INR 23,60,000
IIM Lucknow	Lucknow	INR 14,30,000
Indian School of Business (ISB)	Hyderabad	INR 39,26,000
IIM Indore	Indore	INR 20,63,000
Faculty of Management Studies (FMS, Delhi)	New Delhi	INR 2,32,000

Also Check: Tier 1 MBA College Admissions

MBA Scholarship in India: FAQs

Ques. What is the average MBA Scholarship amount?

Ans. The average MBA Scholarship amount is INR 1 LPA in Indian universities.

Ques. What are the leading business schools in India?

Ans. The leading business schools in India are IIMs, XLRI, NMIMS, etc.

Ques. What are the top MBA Scholarships in India?

Ans. The top MBA Scholarships in India are BML Munjal Scholarship, Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities), IDFC FIRST Bank Scholarship, Post Graduate Scholarship for Professional Courses for SC/ST, ONGC Scholarship, Scholarships offered by IIMs, and NMAT Scholarships.

Ques. What is the benefit of the BML Munjal University MBA Scholarship?

Ans. The benefit of the BML Munjal University MBA Scholarship is up to a 100% waiver in the tuition fee based on scores in CAT/ XAT or GMAT.

Ques. What is the maximum income limit to get Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities)?

Ans. The maximum income limit to get Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities) is INR 2.5 LPA from all sources.

Ques. What is the maximum income limit to get the IDFC FIRST Bank MBA Scholarship?

Ans. The maximum income limit to get the IDFC FIRST Bank MBA Scholarship is INR 6 LPA from all sources.

Ques. Students from what kind of institutions get a Post Graduate Scholarship for Professional Courses for SC/ST?

Ans. Students from Universities/Institutions/Colleges come under sections 2(f) & and 12(B) of the UGC Act, Deemed to be Universities included under Section 3 of the UGC Act, 1956, and are eligible to receive grants-in-aid from UGC, Universities/Institutions/College funded by Central/State Government, and Institutes of National Importance get a Post Graduate Scholarship for Professional Courses for SC/ST

Ques. What is the benefit of the Post Graduate Scholarship for Professional Courses for SC/ST?

Ans. The benefit of the Post Graduate Scholarship for Professional Courses for SC/ST is INR 4,500 per month credited through Direct Benefit Transfer (DBT).

Ques. Who gets ONGC Scholarships?

Ans. ONGC scholarship is given to meritorious General category students who are in the first year of their MBA, Engineering, MBBS, or Master in Geology program.

Ques. What is the last date to apply for the ONGC Scholarship?

Ans. The last date to apply for ONGC Scholarship is 08 July 2023

Ques. What are the five top MBA colleges in India?

Ans. The five top MBA colleges in India are: