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Name of Scholarship / Aid

Key Features / Conditions

Central Sector Scheme

Govt-scholarship for economically disadvantaged, including EWS / SC / ST, etc. There are monthly stipends for PG/ UG students. NMIMS participates in this scheme.

Defence / Armed Forces Concession

NMIMS often offers ~20% concession to defence personnel / their immediate family in many programs.

Mirae Asset Foundation (MAF) Scholarship

Need-cum-merit; for full-time MBA students; family income < ₹8 lakh & EWS certificate required. Selection involves merit + screening.

NMIMS Scholarship (internal)

Based on “need cum merit” for students in certain programs (e.g., part-time MBA SE). The screening committee decides the scholarship amount.

Eligibility Criteria

Requirements

Academic Merit

• Good 10+2 percentage/ board exam performance.
• Strong test scores (NMAT / other MBA entrance). NMIMS may look for high merit.

Financial Need

• Family income thresholds are common (for example, < ₹8 lakh per year in many cases)
• Having an EWS (Economically Weaker Section) certificate is required

Entrance Exam + Admission Process

• Clear NMAT or other applicable entrance exam.
• Participate in group discussions and personal interviews as required. Scholarship bodies, such as Mirae Asset, may also conduct interviews with you.

Other Certificates / Proofs

• Proof of income; EWS certificate or equivalent if applying under that category.
• If the scholarship demands proof that you have taken / will take an educational loan. (Some scholarships require that the students take loans from nationalized/ private banks.)

Steps

Explanation

Pre-Application Stage

• Find out what exact scholarships are available for the campus + specialization you want (since offerings might differ).
• Note the deadlines for MBA admission and for the scholarship application. They might be different.

MBA Application Process

• Fill out all parts of the MBA application completely—enter test scores, academic history, etc.
• On the application, indicate your interest in financial aid / scholarship if there is an option. Some forms might require you to tick a box or fill in a separate section.

Prepare Financial Documents

• Collect income certificates, EWS certificates, bank statements, or other proof of your family’s financial status.
• If required, obtain/apply for the educational loan documents (or at least be ready with proof of intent).

Prepare Academic Profile

• As merits count, try to maximize your board / graduation marks, entrance exam performance. Include important extracurricular activities in your profile/application.
• Perform well in interviews. Some scholarships interview the candidate before granting the scholarship (like Mirae Asset).

Submit Scholarship Application

• Once admitted or along with the admission offer, fill out the scholarship application form carefully. Check whether the application is internal (to NMIMS) or through a third party (like Mirae Asset).
• Provide all required documents properly. Missing documents often lead to rejection.

Keep Track

• After submission, if possible, check the status. Some scholarships may require additional interviews or verification.
• Be responsive to communications from NMIMS or the scholarship provider.

Explore Other Sources

• If NMIMS internal scholarships or those from partners don’t fully cover the fees, check external scholarships (corporates, trusts, NGOs).
• Apply for educational loans. Sometimes, combining a partial scholarship + loan is the way to go.

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