IIM Indore Scholarship 2025

Indore, Madhya PradeshAutonomous UniversityEstd 1996
#69 For MBA By Financial Times 2025  
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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:-

   

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 
  1. i) tuition fees, 
  2. ii) non refundable charges,

iii) lodging & boarding charges, 

  1. iv) books & stationery charges and 
  2. 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 Faculty

 

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.

IIM Indore: Students' Opinion

AI-Generated Summary based on 82 Reviews

The college offers a variety of financial assistance options, including Need-Based Financial Assistance (NBFA) for students with a family income below INR 12 lakhs, benefiting approximately 20% of the batch. Other scholarships and financial aid schemes are available for up to 30% of students, with amounts ranging from INR 40,000 per year to full tuition coverage. Fee structure is approximately INR 40 lakhs for the entire program, with the first three years costing INR 5-6 lakhs annually and the last two years costing INR 10-12 lakhs per year.

Loans up to INR 30-40 lakhs are available from banks like SBI, with interest rates as low as 8.5%. Scholarship opportunities also exist through state and central government programs and corporate sponsors like Yes Bank and Aditya Birla Group. The institution provides systematic fee structures with the possibility of earning stipends from internships and projects.

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 By Collegedunia’s Personal AI

Why To Join IIM Indore - Reviews & Rating

4.3
& Win Monthly Prizes Up to ₹1 Lakh/-*
5(64%)
4(28%)
3(3%)
2(5%)
1(0%)

Academic
4.4
Faculty
4.3
Infrastructure
4.5
Accommodation
4.2
Social Life
4.3
Placement
4.2

Most Popular Tags

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Nookala Akshara
5.0Helpful
Reviewed on May 4, 2025(Enrolled 2024)

Fees and Financial Aid:

The yearwise fee for the first three years is 6LPA including hostel, mess and cautionary fee. And for the 4th and 5th year, the standard MBA fees apply. All in all, by the end of 5th year you can expect a few of 50L for all the 5 years with miscellaneous expenses.
...Read More
Shujal Kumar Jain
2.4Helpful
Reviewed on Nov 19, 2024(Enrolled 2023)

Fees and Financial Aid:

There are private and public sector scholarships available for students, for IPM first 3 years incur a fee of 5 lakhs per year and 10 lakh per year for PGP 2 years. In total it incurs 40 lakh fee, it is one of a kind programme by the BLACKI IIMs. In India it is the best for UG+ PG. Foreign UG colleges are not worth it. NBFA is available for people with less than 12 lakhs of annual income, approximately 20% of the batch of students gets it and there are other scholarships, total students availing scholarships is close to 30%. Average amount for NBFA is the interest on the loan of students l, while for other scholarships, it varies from 40k per year to entire tuition fee of students. There is only a fee of 5 lakhs, mess fee of 50k per year can be considered, travel and other expenses are born by the institute. The tickets during vacations etc has to be given by students themselves.
...Read More
Manasvi
4.0Helpful
Reviewed on Sep 26, 2024(Enrolled 2024)

Fees and Financial Aid:

The fees for the first three years (undergraduate) are ?5-6 Lakh per year. The fees for the last two years (MBA) is ?10-12 lakh per year. There is a security deposit of ?50,000. Students of all categories pay the same fees, but there is an institute backed need based financial assistance scholarship which pays off the interest on loans taken by families whose incomes are less than 12 Lakh per annum. Other than this, there are state backed scholarships as well. There are no academics- only scholarships.
...Read More
Divyank
Divyank
4.0Helpful
Reviewed on Jun 26, 2024(Enrolled 2021)

Fees and Financial Aid:

You can pay the course fee in 4 installments they take 50000 as caution money deposite in first year you can also pay this caution money ammont in 3 installments fee structure was like middlclass familis can afford the studies of their child in this college. The organise placemnets on their basis. If you want job you can take the placement or not highest package in my time was34.5lpa.
...Read More
Ajay
Ajay
4.1Helpful
Reviewed on May 25, 2024(Enrolled 2023)

Fees and Financial Aid:

Tution fees is increasing year by year and it's negative point for poor students like me . The tution fees of whole course is 23 lakh and other expense is approximately 5 lakh in 2 year. Many scholarships provided by central government and institute. Institute also help to student for education loan.
...Read More
ADITYA PRAKASH
ADITYA PRAKASH
4.2Helpful
Reviewed on Mar 10, 2024(Enrolled 2023)

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
...Read More
Maninder Singh
4.3
Reviewed on Jan 26, 2024(Enrolled 2022)

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.
...Read More
Mukul Jangid
Mukul Jangid
4.9
Reviewed on Jan 24, 2024(Enrolled 2023)

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.
...Read More
Anurag
4.1
Reviewed on Jan 23, 2024(Enrolled 2023)

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.
...Read More
ujjwal kumar
4.8Helpful
Reviewed on Jul 11, 2023(Enrolled 2023)

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.
...Read More

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Comments


Found 2 Comments

P
pranjal sapra
Mar 26, 2024 17:15
Is there Scholarship in IIM Indore?
A
Ashish Ramtari
Mar 27, 2024 08:13

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.

S
sapna
Mar 24, 2024 11:10
Why IIM Indore fees is so high?
A
Ashish Ramtari
Mar 26, 2024 07:40

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.


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