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Get a Good Score in CAT 2021 & Stand a Chance to Avail Scholarships in IIM!

Akansha Sirohi
Akansha SirohiUpdated On: March 01, 2021 08:56 am IST | CAT

MBA and PGDM are some of the most expensive programmes in India and the tuition fees can go up to Rs. 20 lacs. Getting a scholarship on the basis of CAT 2021 can be very beneficial especially if you seek admission in the IIMs. Find out all the details about IIM scholarships here.

IIM Scholarships

Almost every B-School aspirant is worried about the fee structure of MBA courses. If you are preparing for management entrance exams, then you should know the scholarships available in different management colleges in India. Most of the top B-Schools also offer scholarship on the basis of CAT 2021 exam report.

Once the CAT 2021 exam has been conducted, students can target the B-Schools on the basis of their estimated score. Check the detailed CAT 2021 analysis in order to evaluate your approximate score. Our CAT 2021 percentile predictor can also help you calculate your percentile.

There are various colleges among the top leagues that offer various scholarships. Some scholarships are provided by the institute itself while some are provided by private organizations and some are funded by the alumni of the institute.

Also Read:Wondering what the CAT Cutoff 2021 will be? Check Estimated CAT Scores of Top B-schools!

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

S.No.Name of the ScholarshipEligibility CriteriaAmount
1.IIMA Special Need Based ScholarshipsFor 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
2.Family Income Linked Tuition Fee Waiver SchemeStudents whose total family income is less than Rs. 6 lakh in the previous financial year.NA
3.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 spouse are considered for this and the income of the student or his siblings are not considered.NA
4.Industry Scholarships (need-based)Students who are not registered for the IIMA special scholarships can applyNA
5.SC/ST ScholarshipsOnly SC/ST category students having valid certificates can apply for this scholarship.Rs.150 per month for 10 months
6.GOI Merit-cum-Means ScholarshipsAt least 25% students belonging to the non-sponsored student body from both first and second year are awarded this scholarship.Rs.2,200 per year
7.Aditya Birla Group ScholarshipsCandidates are shortlisted by ABG on the basis of merit. Around six students are shortlisted.Rs.1.25 lakh per student per annum
8.OP Jindal Engineering and Management ScholarsTwo students are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview.NA
9.Dunia Scholarships for scholastic excellenceTwo students are shortlisted for this scholarship on the basis of merit.Rs.100,000 per student
10.Ocwen Scholarship for Competence in AcademicsThe scholarship is given to a first-year student who is shortlisted through a research paper and PI.NA
11.ONGC SC/ST Merit-cum-Means ScholarshipsFew of the SC/ST students are shortlisted for this scholarship.NA
12.State ScholarshipState Governments sometimes fund the education of some of the best students from those states.NA

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

See other MBA colleges in Ahmedabad also.

Indian Institute of Management, Bangalore

S.No.Name of the ScholarshipEligibility CriteriaAmount
1.Aditya Birla ScholarshipFew students from both first and second year are shortlisted who belong to the top 25% students of their respective batches in terms of performance.Rs.175,000 per student
2.Uday Nayak ScholarshipA second-year student is shortlisted for this scholarship.Rs.10,000
3.T Thomas ScholarshipA second-year student is shortlisted for this scholarship based on merit.Rs.100,000
4.OPJEMS ScholarshipTwo students are shortlisted for this scholarship one each from the first and second year.Rs.125,000 per student
5.Rajesh Kaushik Memorial ScholarshipSelection is strictly merit-based.Rs.150,000 per annum
6.Ocwen Financial Solutions Private LimitedOne of the students is shortlisted on the basis of a research paper submitted by the students.Rs.180,000
7.Cognizant Technology Solutions - B’izard ScholarThree 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
8.Societe Generale Global Solution Centre India ScholarshipStudents in need are nominated by the institute and are shortlisted on the basis of interviews.Full tuition fee waiver

Indian Institute of Management Lucknow

S.No.Name of the ScholarshipEligibility CriteriaAmount
1.Need-Based IIML Scholarships15% 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.NA
2.Industry Sponsored ScholarshipsStudents are shortlisted from every year based on their academic performanceVaries from Rs.6,000 to Rs.100,000 p.a.
3.Merit-cum-Means Scholarships25% of the students subject to specified norms are shortlisted for this scholarshipRs.2200 per student p.a.
4.Bharti ScholarshipStudents whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply.Rs.50,000 p.a.
5.SC/ST ScholarshipsAll SC/ST students are eligible to applyRs.1500 p.a.
6.Other ScholarshipsStudents 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.NA

Also Read:How to Approach CAT 2021 Question Paper?

If you are inclined towards doing an MBA and are unsure about the mode of MBA 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 completion of your UG programme.

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.

Other MBA Colleges offering Scholarships

There are many other MBA colleges in India such as Dr KN Modi University Jaipur, UPES Dehradun, JECRC University and Sandip University that offer scholarships. You can apply for scholarships during the admission process. You will have to submit some of the required documents such as income certificate, 12th mark sheet, Bachelor’s degree certificate and Caster Certificate in order to apply for scholarships. The college will verify all the documents before granting scholarships. You can check the article provided below to know more colleges that offer MBA scholarships in India. 

Scholarships for MBA Students In India 2021: Check Eligibility, How to Apply, Colleges Offer Scholarships

If you want to know more details about IIM Scholarships, you can ask questions on the Collegdekho QnA zone or you call on our toll-free number 1800-572-9877. 

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