The scholarship and loan facilities at IIFM are robust and cater to a variety of students. Students from the 2002-2004 batch received a stipend of INR 1500 per month, and currently, top 20% performers receive a stipend of INR 5000 per month. Scholarships are available for the top 10 rank holders in the general category and specific numbers for reserved categories: 2 for ST, 3 for SC, and 5 for OBC students, based on the 1st and 4th term results, with an amount of around INR 50,000.
The government provides scholarship facilities to deserving SC/ST students, and students from backward communities receive monthly stipends. The college's affiliation with leading banks, including an SBI branch on campus, facilitates easy access to education loans with low-interest rates, notably an interest rate of 8.4% from Indian Bank. The college's AA rating by banks allows students to avail loans up to INR 7,50,000 from SBI without security.

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Comments
Found 1 Comment
Yes, the IIFM Bhopal offers scholarships for the 1st 10 rank holders (general category) there are separate scholarships for 2 students belonging to the ST category, 3 students belonging to the SC category, and 5 students belonging to the OBC category. The scholarship is given on the basis of 1st-term and 4th-term results. The scholarship amount is around INR 50, 000. Students belonging to backward communities irrespective of scores are stipends by the government via the institute on a monthly basis. The top 10 scorers including reservation will be availing scholarships rewarded by the institute.