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How to Get a Scholarship at IIMs Through CAT Score 2023?

Akansha Sirohi
Akansha SirohiUpdated On: September 06, 2023 03:28 pm IST | CAT

MBA and PGDM are some of the most expensive programs in India and the tuition fees can go up to Rs. 20 lakhs. Getting a scholarship on the basis of CAT 2023 can be very beneficial especially if you seek admission in the IIMs. Find out all the details about IIM scholarships here.

IIM Scholarships

IIM Scholarships: The MBA course fee is an aspect of higher education in the field of management that concerns every MBA aspirant. If you are planning to pursue an MBA course, then you should know the scholarships available in different management colleges in India. Several top B-Schools in India offer scholarships on the basis of the CAT 2023 exam report. On the basis of candidates' CAT scores, academic performance, and socioeconomic background, prestigious IIMs like IIM Ahmedabad, Lucknow, and Bangalore offer government-aided and special scholarships.

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For instance, the IIM Bangalore scholarship program is quite significant because the overall cost of the MBA program at IIM-B is close to 20 lakhs. The scholarship is open to PGP students whose annual household income is less than INR 6,00,000. In terms of helping students pay their tuition expenses, private institutions are also in the lead. For eligible individuals, fee waivers of up to 100% are offered by B schools like LPU, TAPMI, Amity, and others. The list of institutions that award scholarships to students based on their merit and need also includes other eminent B-Schools, such as MDI and ISB.

The CAT 2023 exam will be conducted on November 26, 2023. The CAT registration 2023 started on August 2, 2023. Once the CAT 2023 exam has been conducted, students can target the IIM scholarships with the help of their CAT scores. In this article, we have mentioned all the important details regarding IIM scholarships for aspiring MBA candidates.

Also Read: 

CAT 2023 Notification

CAT Syllabus 2023

List of IIM Scholarships

Given below are the various Indian Institutes of Management (IIMs) along with their scholarships, eligibility criteria, and amount.

Indian Institute of Management – Ahmedabad

Check out the scholarships offered by the Indian Institute of Management, Ahmedabad mentioned in the table below:


Name of the Scholarship

Eligibility Criteria



IIMA Special Need-Based Scholarships

For economically weak students who wish to pursue PGP or PGP-ABM. This is a fee waiver scheme offered on the basis of the family income of the student.

Depends on the annual gross family income


Family Income Linked Tuition Fee Waiver Scheme

Students whose total family income is less than Rs. 6 lakhs in the previous financial year.



IIMA Special Scholarships (need-based)

Students who have a total family income of less than Rs. 200,000 as of the last financial year. The salaries of parents/guardians and spouses are considered for this and the income of the student or his siblings are not considered.



Industry Scholarships (need-based)

Students who are not registered for the IIMA special scholarships can apply



SC/ST Scholarships

Only SC/ST category students having valid certificates can apply for this scholarship.

Rs.150 per month for 10 months


GOI Merit-cum-Means Scholarships

At least 25% of students belonging to the non-sponsored student body from both the first and second year are awarded this scholarship.

Rs.2,200 per year


Aditya Birla Group Scholarships

Candidates are shortlisted by ABG on the basis of merit. Around six students are shortlisted.

Rs.1.25 lakh per student per annum


OP Jindal Engineering and Management Scholars

Two students are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview.



Dunia Scholarships for scholastic excellence

Two students are shortlisted for this scholarship on the basis of merit.

Rs.100,000 per student


Ocwen Scholarship for Competence in Academics

The scholarship is given to a first-year student who is shortlisted through a research paper and PI.



ONGC SC/ST Merit-cum-Means Scholarships

Few of the SC/ST students are shortlisted for this scholarship.



State Scholarship

State Governments sometimes fund the education of some of the best students from those states.


Note: The need-based scholarships are mostly the same in all the IIMs as they are all government-funded scholarships.

Indian Institute of Management, Bangalore

Check out the list of scholarships offered by the Indian Institute of Management, Bangalore mentioned in the table below:


Name of the Scholarship

Eligibility Criteria



Aditya Birla Scholarship

Few students from both first and second year are shortlisted who belong to the top 25% of students of their respective batches in terms of performance.

Rs.175,000 per student


Uday Nayak Scholarship

A second-year student is shortlisted for this scholarship.



T Thomas Scholarship

A second-year student is shortlisted for this scholarship based on merit.



OPJEMS Scholarship

Two students are shortlisted for this scholarship one each from the first and second year.

Rs.125,000 per student


Rajesh Kaushik Memorial Scholarship

Selection is strictly merit-based.

Rs.150,000 per annum


Ocwen Financial Solutions Private Limited

One of the students is shortlisted on the basis of a research paper submitted by the students.



Cognizant Technology Solutions - B’izard Scholar

Three students are shortlisted on the basis of academic excellence, leadership qualities and willingness to serve the community and study further in the same field.

Winner: Rs.3 lakhs, 1st Runner-up: Rs.2 lakhs and 2nd Runner-up: Rs.3 lakhs


Societe Generale Global Solution Centre India Scholarship

Students in need are nominated by the institute and are shortlisted on the basis of interviews.

Full tuition fee waiver

Indian Institute of Management Lucknow

Check out the list of scholarships offered by the Indian Institute of Management, Lucknow mentioned in the table below:


Name of the Scholarship

Eligibility Criteria



Need-Based IIML Scholarships

15% of students from a batch are offered scholarships on the basis of family income and previous academic performance. Students having a family income less than Rs.150,000 can apply.



Industry Sponsored Scholarships

Students are shortlisted every year based on their academic performance

Varies from Rs.6,000 to Rs.100,000 p.a.


Merit-cum-Means Scholarships

25% of the students subject to specified norms are shortlisted for this scholarship

Rs.2200 per student p.a.


Bharti Scholarship

Students whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply.

Rs.50,000 per annum


SC/ST Scholarships

All SC/ST students are eligible to apply

Rs.1500 per annum


Other Scholarships

Students are shortlisted based on family income and their fees and maintenance charges are covered by the government of the state to which the candidate belongs.


If you are inclined towards pursuing an MBA and are unsure about which MBA course is better and one that you should opt for (depending on your availability & resources), then it is about time that you start evaluating your options! Also, if you are sure about studying in good management colleges in India, then you may want to evaluate if you want to pursue it with your graduation or after the completion of your UG program.

Although most of the scholarships are merit-based, there are some that take a student’s financial conditions into account and offer fee waiver schemes so that such students get a chance to pursue quality education.

Also Read:Scholarships for MBA Students In India 2023

CAT 2023 Scholarships: Other Top B-schools

The Indian Institutes of Management are not the only B-schools in India that accept the CAT 2023 exam and offer scholarships for MBA admission on the basis of CAT scores. There are several other top-ranked B-schools and management institutes that offer scholarships to aspirants based on their CAT 2023 performance. Some of the most popular institutes that offer scholarships based on the CAT scores of candidates are mentioned below.

Institute for Financial Management and Research Chennai Scholarships

IFMR, Chennai is one of the most prestigious management institutes in India. It is also one of the most popular choices when it comes to MBA courses through the CAT exam. Scholarships offered by IFMR, Chennai include:

  • Means by Merit Cum Scholarships: This scholarship is awarded to deserving candidates and the scholarship amount varies from INR 1 lakh to complete tuition fee remission.

  • T Thomas Scholarship: This particular scholarship is awarded by Hindustan Unilever Limited to the top PGDM candidate of a particular batch. The scholarship amount is up to INR 1 lakh.

Institute of Rural Management Anand Scholarships

Institute of Rural Management Anand is another top-ranked institute that aspirants often consider when applying for MBA admission through the CAT exam. Scholarships at IRMA are awarded by various parties. Ratan Tata is also known to provide scholarships at IRMA. Additionally, the Ministry of Social Justice and Empowerment gives over 15 extra scholarships that cover all of the tuition for SC/ST students. The National Dairy Development Board offers one scholarship to SC/ST candidates. The Ministry of Tribal Affairs offers five additional scholarships to SC/ST candidates.

  • To help with the cost of second-year tuition, Ratan Tata is sponsoring five merit-based scholarships with a maximum grant of INR 50,000.

  • Scholarships for SC/ST Students: SC/ST students are qualified for more than 15 scholarships that cover the whole cost of tuition.

  • 10 SC/ST student scholarships are given to IRMA by the Indian government.

  • The Ministry of Tribal Affairs administers five scholarships on behalf of the central government for SC/ST students.

  • The National Dairy Development Board offers scholarships to students from native communities as well.

Indian School of Business Hyderabad Scholarships

The Indian School of Business, Hyderabad is another premier institute for MBA aspirants in India. The ISB awards scholarships based on both merit and need. Additionally, applicants who achieve the institute's performance goals are eligible for fee waivers. Different sums of the scholarship are available, some of them are full scholarships! There are no limitations here, therefore you can and must apply for admission to this institute if you believe you have potential and can prove it.

  • The ISB works in partnership with a variety of businesses to offer scholarships all year long. A total of INR 6 Lakhs in scholarships are offered by Citibank, HSBC, and Novartis Group.

  • Additionally, 10 candidates from 10 different international geographic locations will receive a Global Scholarship worth between INR 3 lakh and INR 15 lakh.

Tata Institute of Social Sciences Mumbai Scholarships

The Tata Institute of Social Sciences Mumbai is a management institute that offers MBA courses only in the field of social entrepreneurship and social services and is the best management institute for that particular field. Some of the most popular scholarships offered by TISS, Mumbai include:

  • MK Tata Trust Scholarship: This scholarship is awarded to students from programs like social work, HRM, health administration, and hospital administration. Candidates are chosen based on need and merit.

  • Twenty Free Studentships: These scholarships are awarded to worthy candidates from low-income households.

Amity Business School Scholarship

Another popular MBA college for aspirants who are appearing for the CAT exam. The Amity Business School network is known for its financial aid and scholarships offered to deserving aspirants. Scholarships offered at Amity Business School include:

  • A complete waiver and a partial scholarship are the two types of financial help offered by the Amity Business School. Candidates are eligible for a full scholarship from Amity Business School if they achieve at least 93 percent overall (excluding physical education, fine arts, and performing arts) in Class XII of the CBSE/ICSE Board and 80 percent marks in graduation.

  • Candidates would be eligible for a 50% scholarship if they earn at least 88 percent overall in Class XII of the CBSE/ICSE and 75 percent in their graduation exam.

Scholarships Offered by Other Top B-schools

Apart from the management institutes mentioned above, take a look at some of the top-ranked B-schools and the scholarships offered by them mentioned in the table below:

Name of the Institute

Scholarship Details

Jaipuria Institute of Management, Lucknow Scholarships

Scholarships are awarded to the top three rank holders depending on a student's performance in their respective entrance examination, which they used to gain admission to the institute for the first year and afterward for the second year.

Management Development Institute, Gurgaon Scholarships

Five pupils each receive a merit scholarship worth INR 10,000. On the basis of merit, another Bharti Foundation Scholarship is given out.

National Institute of Management, Mumbai Scholarships

For PGDIM/PGDISEM/PGDITM students, a 30% need-based tuition price reduction is offered to those whose household income is less than INR 150,000.

T.A. Pai Management Institute, Manipal Scholarships

The top three MBA program students in both years will receive a scholarship worth INR 1 lakh in addition to having strong CAT scores.

Welingkar Institute of Management Development and Research

The CAT topper receives a full fee remission, the second place receives a laptop, and the third place receives a foreign-sponsored internship.

Also Read:CAT 2023 Cut-off for Top MBA Colleges in India

Private B-School Scholarships after CAT 2023

Given below are some of the popular scholarships based on CAT scores offered by private B-schools in India:

SRM School of Management Scholarships 

  • SRM Founders Scholarship: It is the most esteemed scholarship available to SRM students, and they cover not only the whole cost of tuition but also the costs of your hostel and mess charges as well as a stipend of INR 1,000 each month. It is awarded to students who achieve the top scores in their state on their school final exam.

  • Merit-Based Scholarship: It is awarded to students who score above 95% on the CBSE or state board exams. At the time of counselling, students receive a tuition fee waiver of up to 50% in the branch for which they are eligible. Based on how well they perform on the qualifying exam, students with financial need are given this merit-based scholarship.

  • Scholarships for Minority Students: Deserving students from minority communities are awarded scholarships for up to 25% to 100% of their tuition.

  • Scholarships for Physically Challenged Candidates: Selected students who are specially abled are offered a full tuition fee waiver.

Indus Business Academy, Bangalore Scholarships

The Indus Business Academy in Bangalore offers a range of scholarships. Corporate scholarships and merit-based scholarships offer assistance worth INR 10,000. In this way, the employer offers support to a working professional.

IBA offers a scholarship of INR 30,000 to students who have obtained the following scores:

  • 80 percent aggregate in their Class 10, Class 12, and Bachelor's degree, or

  • 80% or higher on the CAT/XAT, or

  • at least a 96 percentile on the MAT, ATMA, CMAT, or state government exams

Candidates achieving the following scores receive a scholarship worth INR 40,000:

  • 90 percentile or higher in the CAT 2023 exam, or

  • 99 percentile or higher on the MAT, ATMA, CMAT, or State Govt. exams.

Lovely Professional University, Phagwara Scholarships 

  • Scholarships are given out by Lovely Professional University, Phagwara based on how well applicants perform on the LPU-TFA (LPU-Test for Financial Aid) or in extracurricular activities like sports, culture, or National Bravery Awards.

  • A scholarship worth INR 50,000 each semester is available when the CAT percentile is higher than 90.

  • A scholarship of INR 40,000 per semester is offered to candidates having CAT percentiles between 80 and 80.99.

  • If the CAT percentile lies between 70 and 79.99, the scholarship amount stands at INR 30,000 per semester.

Skyline Business School Scholarships 

  • Candidates with outstanding GD/PI performance may be eligible for a scholarship up to INR 20,000.

  • Candidates securing the first division in graduation become eligible for a scholarship worth up to INR 20,000.

  • Scholarships up to INR 20,000 are awarded to candidates with CAT scores of 75 percentile and higher.

  • Candidates with a work experience at a Grade A organization may be awarded a scholarship of up to INR 20,000.

What is a Good CAT 2023 Score for IIM Scholarships?

Since each business school has a different cutoff for shortlisting candidates for selection rounds, the definition of a good CAT score will vary from institute to institute. In contrast to other B-schools like IIFT, IITs, FMS Delhi, and SPJIMR, which accept CAT scores below 95 percentile, IIMs require a minimum 95 percentile for admission. In contrast to IIMs, third-tier B-schools might accept applicants with slightly lower-than-average CAT scores. Look at the table below for the breakdown of CAT percentile:

Overall CAT Score

Minimum Score in Quantitative Analysis

Minimum Score in Data Interpretation & Logical Reasoning

Minimum Score in Verbal Ability & Reading Comprehension

Overall Percentile































CAT Scores for Top B-Schools: Tier-wise 

Each institute will have a different minimum CAT score requirement in order to shortlist candidates for admission. The three tiers of business schools that accept CAT scores are listed in the table below:


Minimum CAT Score

Minimum Sectional Score










Candidates must also check out the articles mentioned below to know more about MBA admission through the CAT exam!

Related Articles:

How to Shortlist a B-School Basis CAT Percentile?

CAT Preparation Tips for Non-Engineering Students

Common Mistakes to Avoid During CAT Preparation

How Much Time is Required to Prepare for CAT?

UP Scholarships Last Date 2023

How to Check Digital Gujarat Scholarship Status 2023?

Best Scholarships for College Students in 2023

SBI Asha Scholarship 2023

If you want to know more details about IIM Scholarships, you can ask questions on the Collegdekho QnA zone or call on our toll-free number 1800-572-9877.  For admission-related assistance, fill out our Common Application Form.

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Dear candidate, for information related to the reopening date for MBA students for the academic year 2023-24 at Dr. MGR Educational And Research Institute, it is advised to contact the institute directly. You can contact the college at 44 2378 2176/2186/2085. You can also visit the college directly. The address is Periyar E.V.R. High Road, (NH 4 Highway), Maduravoyal, Chennai - 600 095. To mail them, write your query and send it to


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Dear Student,

Avanthi Degree & PG College, Barkatpura does not offer MBA programme. It offers only two PG courses which are M.Sc in Microbiology and M.Sc in Organic Chemistry. Since it is not offering any MBA course you cannot change the campus. 

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Dear student, for this type of information, please contact or visit Shreenivasa Engineering College directly.  You can contact them at 9442568159, 9442586159 or 9442554159. The college address is Pallipatti, Bommidi, Pappireddipatti(TK), Dharmapuri (DT) – 635301.


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