IIM Ranchi Scholarship 2026

Ranchi, JharkhandAutonomous UniversityEstd 2009
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Collegedunia Team

Content Curator | Updated 3+ months ago

IIM Ranchi has been recognised as the 9th IIM and among the best B-Schools in India. IIM Ranchi offers various scholarship programmes under various Departments and Ministries of Government of India.

Have a look at some of the financial assistance programmes applicable in IIM Ranchi offered by the Government of India.

IIM Ranchi Scholarships 

Name of Scholarship Scholarship Amount (in INR)
National Fellowship and Scholarship for Higher Education of ST Students 31,000
Merit-cum means based Scholarship Scheme belonging to the Minority Communities  20,000
 
Central Sector Scholarship Scheme of Top Class Education for SC Students  N.A.
Scheme of Scholarship for Top Class Education for Students with Disabilities. Up to 2 lakhs per year
Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education 12,000 (Graduation Level)
20,000 (Post Graduation Level)

For more details click here IIM Ranchi Courses and Fees

  • National Fellowship and Scholarship for Higher Education of ST Students- Ministry of Tribal Affairs
  • These scholarships provide financial support to ST students to pursue higher degree courses like MPhil, Ph.D or integrated M.Phil + Ph. D. 
  • A minimum aggregate of 55% marks at PG level from a recognised university is required to be eligible for National Fellowship Scholarships.
  • Students eligible for IIM Ranchi Scholarships are selected on a merit-basis. 
  • There is no minimum Income criteria for students eligible under the National Fellowship Programmes. 
  • The maximum age should be 36 years, as on the first day of July of the relevant year of the award of scholarship. 
  • Scholarship Seats:- 750

Check for more details IIM Ranchi IPM

  • National Fellowship- Amount of scholarship
Course Stream Scholarship (in INR) Contingency Annually (in INR)
M.Phil
 
Humanities and Social Sciences  31,000 /- 10,000 /-
Science / Engineering Technology 12,000 /-
Ph. D Humanities and Social Sciences  Rs.31000/- for first two years and Rs.35000/- for remaining 3 years 20,500 /-
Science / Engineering Technology 25,000 /-
HRA for all the courses (monthly): Equal to UGC rates [8% or 16% or 24% based on city*
Escort Allowance for Divyanjan (monthly): INR 2000/- (at par with UGC rates)*

Check IIM Ranchi Ranking

  • Merit-cum means based scholarship scheme belonging to the Minority Communities 
  • The Merit-cum means based Scholarships assist financial support to the poor and meritorious students belonging to minority communities to pursue professional and technical courses.
  • Students should possess an aggregate of more than 50% marks (or equivalent grade in the previous final examination). 
  • The annual income of a student’s parents/guardians from all sources should not exceed INR 2.50 lakhs.
  • Students from minorities sections are eligible to apply for IIM Ranchi Scholarships under Minorities like Muslims, Sikhs, Christians, Buddhists, Jain and Zoroastrians (Parsis) under Section 2 (c) of the National Commission for Minorities Act, 1992.
  • Scholarship Seats:- 60,000 “Fresh” + “Renewal” Scholarships.
  • Merit Cum Means Scholarship- Reimbursement Amount
Item Existing Amount
Course Fee INR 20,000/- per annum
(for both Hosteller & Day-Scholar)
Maintenance Allowance  INR 1,000/-* per month (Hosteller)
INR 500/-* per month(Day Scholar)

* For 10 months in a year.

For more details click here IIM Ranchi Placements

  • Central Sector Scholarship Scheme (CSSS) of Top Class Education for SC Students- Ministry of Social Justice and Empowerment 
  • CSS Scheme provides financial support to meritorious students from SC background willing to pursue degree programs. 
  • Students should have an annual family income up to INR 4.5 lakh per annum to be eligible for CSS Scholarship.
  • As reimbursement, this scholarship covers major finances like tuition fees, non refundable charges, lodging & boarding charges, books & stationery charges and cost of IT equipment for the first year.
  • Eligible students can apply through NSP Portal i.e. https://scholarships.gov.in when the scholarships are being activated. 

For more details click here IIM Ranchi Cutoff 

  • Scheme of Scholarship for Top Class Education for Students with Disabilities
  • Students with disabilities (SwD) pursuing a graduate/ postgraduate program in a recognised institute are eligible for this scholarship.
  • Students with a gross family income less than INR 6,00,000/- per annum, are eligible to apply for the scholarship. 
  • Total scholarship seats available under the stated scheme is 300.
  • Scholarship Amount
Components of Scholarship Rates per Awardee
Reimbursement of tuition fee and non-refundable charges Up to INR 2.00 lakh - per annum
Maintenance Allowance INR 3,000 /- per month for hostellers,
INR 1,500/- per month for day-scho
Special Allowances
(related to types of disabilities like reader allowance, escort allowance, helper allowance etc.)
INR 2,000 per month
Books and Stationary  INR 5,000 /- per annum
Reimbursement of expenses-
Purchase of a computer with accessories
INR 30,000/- as a one-time grant for the entire course.
Reimbursement of expenses-
Purchase of Aids and Assistive Devices including necessary software related to the particular disability 
INR 30,000/- as a one-time grant for the entire course.

For more details click here IIM Ranchi Admissions 2024

  • Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education
  • A component scheme known as the Central Sector Scheme of Scholarships for College and University Students (PM-USP CSSS)
  • Students with gross parental / family income up to Rs. 4.5 lakh per annum are eligible for scholarship under the scheme. 
  • Students scoring at least 50% marks in the Final Examination and maintaining at least 75% attendance shall be eligible for renewal of scholarship in their next year. 
  • Scholarship Amount:- 
Qualification  Scholarship Amount (in INR)
Graduation  12,000
Postgraduate  20,000
Integrated Courses (5 years) 20,000 in 4th and 5th year
  • For more details of all National Level Scholarships students can go through the National Scholarship Portal by Government of India- www.scholarships.gov.in 

For more details click here IIM Ranchi Reviews

IIM Ranchi Scholarships FAQs

Ques. What are the types of scholarships offered by IIM Ranchi ? 

Ans. There are various scholarships offered by the Government of India available for students at IIM Ranchi under SC/ ST, SwD (Students with Disabilities) etc. 

Ques. What is the scholarship amount for SwDs at IIM Ranchi Scholarships?

Ans. The Scheme of Scholarship for Top Class Education for Students with Disabilities offers up to INR 2 lakhs as course fee reimbursement. There are additional costs like maintenance (INR 3,000) and equipment costs, special allowances (INR 2,000) and so on.

Ques. How to apply for scholarships at IIM Ranchi?

Ans. Most of the scholarships offered by the Government of India at IIM Ranchi are available online and students can apply through the official NSP portal.

Ques. Are there any sort of Prime Minister’s Scholarship Scheme for students at IIM Ranchi? 

Ans. The Government of India offers Pradhan Mantri Uchchatar Shiksha Protsahan Yojana i.e. PM- USP CSSS Scheme to students pursuing graduation or post graduation degree programs.

Ques. What is the minimum family income criteria to be eligible for IIM Ranchi Scholarships? 

Ans. Scholarships like Central Sector Scholarship Scheme of Top Class Education and others require a family income not exceeding INR 4,50,000/- per year. Similarly Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education requires students to have family income less than INR 4.5 lakhs per annum to be eligible for these scholarships. 

Ques. What are the benefits and best scholarships available at IIM Ranchi?

Ans. Scholarships are available for students to allow them uninterrupted learning and pursue degree programs with sufficient finance. Some scholarships popular at IIM Ranchi include Central Sector Scheme Scholarships for ST, Scholarships for students with disabilities, PM Uchchatar Shiksha Protsahan Yojana etc.

IIM Ranchi Scholarships: Students' Opinion

AI-Generated Summary based on 286 Reviews

IIM Ranchi provides a range of financial assistance options including educational loans and scholarships. The total cost of the MBA program is approximately INR 15-17.9 lakhs, inclusive of tuition, hostel, and other charges. Loans are easily accessible from major banks like SBI, PNB, CBI, UBI, and more, often with low interest rates and without collateral due to the institute's AA category status.

The loan process is streamlined, with banks often offering loans within 2-3 days of application. Scholarships are available to meritorious students, including the OP Jindal Scholarship, and government scholarships through the National Scholarship Portal. Merit-cum-means scholarships are also available, providing fee waivers for eligible students. Despite the high fees, the college's strong placement record and financial assistance options help mitigate the financial burden.

...Read More
 By Collegedunia’s Personal AI

Why To Join IIM Ranchi - Reviews & Rating

General
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4.5
& Win Monthly Prizes Up to ₹1 Lakh/-*
5(15%)
4(5%)
3(0%)
2(79%)
1(1%)

Academic
4.3
Faculty
4.7
Infrastructure
4.2
Accommodation
4.5
Social Life
4.8
Placement
4.7

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Shagnik Banerjee
Shagnik Banerjee
3.9Helpful
Reviewed on Apr 21, 2025(Enrolled 2023)

Fees and Financial Aid:

The fee paid per year was Rs 9,00,000. Hostel and Tuition fee were paid at once and mess fee (dependin on the vendor) on top of that. Total fees for the course amounts close to 20 lakhs. Merit-based scholarships are offerred, the details of which can be found on the college website easily. Education loans are easily available.
...Read More
College Ninja
4.9Helpful
Reviewed on Apr 21, 2025(Enrolled 2023)

Fees and Financial Aid:

The total fees for the batch 2023-25 in IIM Ranchi was INR 17.2 lakh. Apart from this the total caution deposit was INR 20,000 and the Alumni fees was INR 10,000. The Hostel fees was included in the total fees and the mess fees was INR 27,000 per month. Merit cum means scholarship is also available for eligible students
...Read More
Rahul Saha
4.7Helpful
Reviewed on May 25, 2024(Enrolled 2023)

Fees and Financial Aid:

The college's fee structure is generally the same, with very minimal changes. The 2-year course fees are 17.5 Lakhs. The mess charges are 27000 per trimester with 5% GST. Hostel charges are included in the course fees. Merit-based scholarships are provided to students each year. The amount falls in the range of 7-10 Lakhs. There are tremendous opportunities in terms os summer internship and final placements with very good roles and in good organizations.
...Read More
Sumit
Sumit
4.5
Reviewed on Mar 11, 2024(Enrolled 2023)

Fees and Financial Aid:

Fee structure is as follows : - 1. Course fee is 17.5 Lakhs for 2 years (Including hostel fees) and addtional for food you have to pay. Total is around 20 lakhs. There are also some financial assistance for economical weaker sections of the society. In addition to that there are certain merit-cum-means scholarships available as well. There is mandatory Summer Internship program which everyone has to undergo. For final placements, the average package is around 20 lakhs.
...Read More
Anonymous
4.7Helpful
Reviewed on Mar 10, 2024(Enrolled 2023)

Fees and Financial Aid:

Generally, the fees of a college is proportional to the average package offered in placements. The fees of my college is around 19 lakhs including everything. The fees is at a moderate level I would say. There is also a Merit-cum-means scholarship policy in the college where the students are also eligible for a full refund of the fees incase they match the scholarship criteria of merit and means.
...Read More
Kashsish Kapoor
Kashsish Kapoor
4.6Helpful
Reviewed on Feb 29, 2024(Enrolled 2023)

Fees and Financial Aid:

Our fee is1790000 which includes accomodation and academic fees. Although mess fee is 27000 per trimester which is to be paid separately. It might seem expensive at first but IIM Ranchi has a Memorandum of Understanding signed with various banks, which helps the students to avail collateral free loans at very subsidised rate of interest. Additionally, loans have a moratorium period of 1 year. In addition to that college also provides various scholarships which can be looked for on the official website of the institute. One of them is 'Means cum Merit scholarship' which acts as a fee waiver which altogether makes it quite affordable.
...Read More
Aman Kumar
Aman Kumar
4.4Helpful
Reviewed on Feb 22, 2024(Enrolled 2023)

Fees and Financial Aid:

The tution fee for IIM Ranchi is 17,90,000 for 2 years, including hostel fees, academic fees and all other chargable components. Rupees 27000 per trimester are to be paid as mess fee. As soon as a candidate gets selected by the institute, the banking partners of the institute offer education loans to the students at very low interest rates and that too, without any collateral security, any third-party guarantee. The maximum loan amount is 40 lakhs which makes an MBA from such a prestigious institute, quite affordable. In addition to this, scholarships like Means cum Merit scholarship are provided by IIM Ranchi, waiving-off fee for the candidates who are awarded this scholarship.(Details for this and other scholarships can be checked out on the official website of the institute). The Institute provides amazing campus employment opportunities with renowned brands like Titan, JPMC, GSK, BMW, Morgan Stanley, etc visiting the campus with lucrative stipends and CTC.
...Read More
Anonymous
4.5Helpful
Reviewed on Aug 3, 2023(Enrolled 2021)

Student Snaps:

Fees and Financial Aid:

The fee structure is similar to any 2nd gen IIM. I took a loan and my entire fees including mess food and everything was INR 1750000. There were quite a lot of opportunities for scholarships including SC/ST scholarships and IDFC bank scholarships based on need and even government-provided grants were also given. Moreover, I got into a 2-month summer internship program and earned 1 Lakh per month (The combined total for 2 months was 2 Lakh)
...Read More
Anonymous
4.3
Reviewed on Jul 10, 2023(Enrolled 2023)

Fees and Financial Aid:

The fees are very comparable to other IIM and with the shifting to the permanent campus, it is very much worth it. The college also provides scholarships to the less fortunate thereby also making a positive impact on society.
...Read More
Kuldeep Singh
5.0Helpful
Reviewed on Apr 28, 2023(Enrolled 2022)

Student Snaps:

Fees and Financial Aid:

The overall fee for a two-year program is 20 lac something and you can easily avail of a loan for the fee. The college has tie-ups with many banks, which will easily sanction your student loans. The scholarship details are mentioned on IIM Ranchi's admission portal.
...Read More

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Comments


Found 2 Comments

S
shivangi
Mar 28, 2024 12:34
Are there any scholarships for IPM students at IIM Ranchi?
S
Sweta Kumari
Mar 29, 2024 16:59

There are various scholarships available at the IIM Rnachi such as National Fellowship and Scholarship for Higher Education of ST Students(INR 31,000), Merit-cum means based Scholarship Scheme belonging to the Minority Communities(INR 20,000), Central Sector Scholarship Scheme of Top Class Education for SC Students, Scheme of Scholarship for Top Class Education for Students with Disabilities(Up to 2 lakhs per year), Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP CSSS) Yojana- Department of Higher Education(12,000 (Graduation Level)
20,000 (Post Graduation Level))

S
sapna
Mar 24, 2024 11:11
Does IIM Ranchi offer any scholarships for ST/ SC candidates?
A
Ashish Ramtari
Mar 24, 2024 11:33

There is one scholarship offered to the SC Candidates. The scholarship is Central Sector Scholarship Scheme of Top Class Education for SC Students. The scholarship amount can go upto 2 lacs per year. 


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