IIM Indore Scholarships
IIM Indore has initiated various Need-Based Financial Assistance (NBFA) for students with a low family income. Apart from NBFA, there are a variety of scholarship programmes being hosted by the Government of India and several industries/ corporations within IIM Indore.
Have a look on all types of financial aid provided in IIM Indore:-
Table of Content
IIM Indore Scholarships
Need-Based Financial Assistance (NBFA)
- The NBFA scholarships are offered by the PGP Executive Committee and NBFA Committee at IIM Indore.
- Students with a gross family income not exceeding INR 4,50,000 in the previous year are eligible for NBFA Scholarships.
- Here is a detailed amount of financial aid given to students based upon family income slabs:-
| Family Income in previous year (in INR) | Reimbursement Provided |
|---|---|
| <= 1,50,000 | 75% of tuition fee |
| 1,50,000 - 2,00,000 | 50% of tuition fee |
| 3,00,000 - 4,50,000 | 25% of tuition fee |
To know more click here IIM Indore Courses and Fees
Scholarships offered by Central Government of India
- Central Sector Scholarship for SC/ST Students
- Students whose gross family income in the previous financial year has been less than INR 4,50,000 are eligible for the Central Sector Scholarship.
- The financial support is available for only those students who belong to the SC/ST categories. As reimbursement, this scholarship covers major finances such as
- i) tuition fees,
- ii) non refundable charges,
iii) lodging & boarding charges,
- iv) books & stationery charges and
- v) cost of IT equipment for the first year.
For more details click here IIM Indore Cutoff
- Minority Welfare Scholarship (Merit-cum-Means)
The financial assistance is reserved for students whose family income does not exceed INR 2,50,000 per annum.
The Minority Welfare Scholarship is a merit based financial aid provided by the Ministry of Minority Affairs, Govt. of India.
For more details click here IIM Indore Admissions 2024
Scholarships offered by Industries
Apart from the NBFA and the scholarships offered by the Government of India, there is financial assistance available from industries as well. Here are a few of them mentioned below:-
Aditya Birla Scholarships
- For the meritorious students since 1st year, Aditya Birla Group of Industries provide financial support under Aditya Birla Scholarship Programmes.
- Students who perform well in the first year and are among the top 25 performers in terms of their CGPA are eligible to continue for Aditya Birla Scholarships even in the second year.
- A total of 1 or 2 students are selected to avail Aditya Birla Scholarships. The reimbursement amount received by selected students is INR 1,75,000.
To know more click here IIM Indore Placements
OPJEMS Scholarships
- Top 20 students from the second year based upon their previous year grades/ CGPA are eligible to apply for OPJEMS Scholarships.
- Only 1 or 2 students are selected for utilizing OPJEMS Scholarships based upon the eligibility criteria. Students are selected based upon a written test and a personal interview.
- The reimbursement amount that selected students will receive is INR 1,25,000.
State Bank of India Scholarships
- The SBI Scholarships are merit-based in nature and provided on a yearly-basis.
- An amount of INR 1,50,000 is received as reimbursement amount by the qualified students.
For more details click here IIM Indore IPMAT 2024
Eicher Scholarships
- Eicher Scholarships are provided to deserving students on a merit-basis every year, with an amount of INR 50,000.
To know more click here IIM Indore Reviews
IIM Indore Scholarships FAQs
Ques. Is there any scholarship for IIM Indore?
Ans. Yes, IIM Indore has various scholarships available one such being the Need-Based Scholarships. Other scholarships are provided by the Central Government of India and industries like Aditya Birla Group, SBI and so on.
Ques. What are the scholarships applicable at IIM Indore?
Ans. Need-Based Scholarships are offered to meritorious students by IIM Indore. Moreover, Central Government Scholarships like Central Sector Scholarships for SC/ST students and Minority Welfare Scholarship (Merit-cum-Means) are available. Also, Aditya Birla Scholarships, OPJEMS Scholarships, SBI Scholarships are other forms of financial assistance.
Ques. Does the Government of India also provide scholarships for IIM Indore students?
Ans. Yes, scholarships like Central Sector Scholarships for SC/ST students and Minority Welfare Scholarship (Merit-cum-Means) are provided by the Government of India.
Ques. How much amount is given to a student availing Scholarships under SC/ST category?
Ans. An amount of INR 4,50,000 is provided to students selected under Central Sector Scholarships for SC/ST.
Ques. What is the reimbursement amount for Need based scholarships?
Ans. Based on the family income slab, students with family income less than INR 1,50,000 have access to 75% of tuition fee reimbursement. Similarly those with family income between 1,50,000 and 2,00,00 have access to 50% of tuition fee reimbursement.
Ques. Who provides need based scholarships to students at IIM Indore?
Ans. The PGP Executive Committee and NBFA Committee provides the Need based scholarships to meritorious students based upon their academic performance.
Why To Join IIM Indore - Reviews & Rating
Most Popular Tags
Likes
- The case base study and peer learning and curriculum
- The surprise quizzes are very important to keep studing even there is no exam
Fees and Financial Aid:
Fees are paid term wise about 3.5 lakhs and there is other mess charges about 20000 for term wise. Complete loan can be provided at the admission desk. 2 months summer internship is mandatory and stipend is given
Likes
- The campus is very beautiful and the weather is also good
- The course is well structured and enjoyable
Fees and Financial Aid:
The fee is in line with all the top B schools. The cost to study is obviously a bit on the higher side. For general category students there are not much scholarships or benefits you can avail in terms of financial assistance.
Likes
- Great faculties and diverse curriculum to explore.
Dislikes
- Although the ground is really nice , the cricket pitch still requires quality improvement.
Fees and Financial Aid:
The fess is comparable with the all other peer Business schools of the nation. The Return on investement is really impressive and the fees structure is very well justified with the infrastructure and quality education provided. There are various scholarships which are run by college ,Government of India and other corporate leaders. The PGP office provides the required details of the scholarships timely and support the students throughout the process.
Likes
- faculties, courses, research opportunities
- very diverse and competent peer group forcing you to stay on your toes
Dislikes
- very very very hectic campus life with almost constant engagements
- a very competetive and cut throat culture which makes it hard to forge true relationships
Fees and Financial Aid:
Cost of study is very high, but then so is the return on investment. It is on par with other institutes of its segment. Scholarships are present from the institute, state and central governments, but are somewhat hard to get as roughly only 10 to 15 stydents are selected for the same.
Likes
- campus life is really something that i am gonna miss after the college even i haven't complete a month here till now still got to sense that how will be the upcoming jurney at the iim indore
- the role that companies made here is also one of the thing that i loved the most like frontend strategy and consulting role offer here.
Fees and Financial Aid:
the fee structure is like around 20 lakhs without SEP (student exchange program) for the 2 years. frankly speaking, I don't know about all the scholarships till now as I am busy with lots of assignments and meetings by the seniors but yeah there is a need cum merit-based scholarships on campus. campus jobs are great like tons of companies visit and offering great roles with very good ctc. there is plenty of opportunities during the summer internship and final placement as well.
Likes
- What is the best things about IPM at IIM Indore has to be the campus life. It is one of the first opportunities that a student gets to come and live outside his home. The system is a such that a student remains almost busy the entire day.
- The hostels are very well equipped and are comfortable.
Dislikes
- The toxic culture which is very common at iims.
- Lack of exposure because of campus rules.
Fees and Financial Aid:
The fee structure for the entire first three years would be approximately 15 lacs which is approximately 5 lakhs a year. There is a scholarship scheme available at the campus in which ews candidates can apply for 100 scholarships.
Likes
- The campus is beautiful. You can always around and watch sunsets and it is always kept so clean and hygienic
- Faculty is very supportive and you actually get to learn a lot.
Dislikes
- You have to walk a lot to reach to classes.
Fees and Financial Aid:
The fee structure includes your academic fees, hostel fees, and medical insurance. For the first year, mess charges are also included in the fees. The allocated amount needs to be paid at the start of each term. IIMI offers great packages during internships and for final placements too with an average of 30 LPA.
Likes
- Culture
- Hostel Life
Dislikes
- Grading system
- Gate timings
Fees and Financial Aid:
MBA is a course that can be questioned for fees. The course is something that is chosen by the students. The fees for IIMs are justified as the final placements will make it up. The ROI is the most important thing when choosing colleges.
Likes
- Campus LIfe
- Infrastructure
Dislikes
- Mess food
- No cycling allowed in campus
Fees and Financial Aid:
MBA in top IIMs are expensive. IIM Indore takes around 22 lakh as a fee for 2 years of the PGP program. But you will easily get a loan from any bank for your education in top IIMs. Some non-institute scholarships are also there to help students but very few students get them. The placement committee ensures the placement of the entire batch during a summer internship and final placements. The average placement is around 25LPA.
Likes
- Campus life
- Infrastructure
Dislikes
- Mess food
- No cycling allowed in the campus
Fees and Financial Aid:
The return on investment regarding doing your masters from the Indian institute of management, Indore is highly beneficial as placements are great in reputable organizations. The reading materials and all the study requirements are included in the fee structure.
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Comments
2 Comments
IIM Indore offers Need Based Financial Assitance to the students. The scholarship forms are available in PGP/ IPM Office. The eligibility of the scholarship is to have family income less than 12 lacs a year.
IIM is a prominent institute and recognised as one of the best B- Schools in India and world. It has recruited world class faculties from other IIMs and abroad for teaching. It has maintained world class infrastructure and providing every latest facilties. It also interactes with multinational companies and provide pre placement trainings to the students. The average package ofered here is INR 22.92 LPA. For all these, the IIT Indore charges a lot of fees.