IIM Nagpur Scholarships 2025: Eligibility Criteria, Process, Types & Educational Loans
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  • IIM Nagpur Scholarships 2025: Eligibility Criteria, Process, Types & Educational Loans

IIM Nagpur Scholarships 2025: Eligibility Criteria, Process, Types & Educational Loans

Team Careers360Updated on 05 Dec 2024, 05:19 PM IST

The IIM Nagpur scholarship is a measure by the institute to ensure that candidates from economically weaker backgrounds can pursue higher education at a prestigious management institute. Candidates who satisfy the eligibility criteria will be entertained with the application process. IIM Nagpur also provides educational loan facilities from many of the major banks of India. Candidates selected for the scholarship will receive a complete waiver for the tuition fee for the two-year program. The IIM Nagpur scholarship policy will be released once the academic year begins.

This Story also Contains

  1. IIM Nagpur Scholarship
  2. IIM Nagpur Scholarship Eligibility Criteria
  3. Different IIM Nagpur Scholarship
  4. IIM Nagpur Educational Loans
IIM Nagpur Scholarships 2025: Eligibility Criteria, Process, Types & Educational Loans
IIM Nagpur Scholarship

IIM Nagpur Scholarship

The IIM Nagpur scholarships fall into two major categories i.e. IIM Nagpur merit scholarship and IIM Nagpur need cum merit scholarship. The institute will be awarding scholarships to 20 students (10 merit and 10 Need cum merit Scholarships). The application process will be during the first year and through an internal process. Other than these there is also the Chief Minister Fellowship Yojana (CMFY) AND Rajarshi Shahu Maharaj Merit Scholarship to SC students. Some scholarships are offered by corporations and private organizations. The various categories of IIM Nagpur Scholarships are mentioned below.

  1. Merit-based IIM Nagpur scholarship: Given to candidates with extraordinary academic performance at school and graduation level along with exceptional performance in MBA entrance exams.

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  1. Need-Based IIM Nagpur scholarship: Given to candidates coming from poor backgrounds.

  1. Diversity and Gender-based IIM Nagpur scholarship: Given to candidates coming from diverse religious and cultural backgrounds.

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  1. External IIM Nagpur scholarship: Given to students by companies that employ MBA graduates to bring new talent into their workspace.

IIM Nagpur Scholarship Eligibility Criteria

The eligibility criteria for the IIM Nagpur Scholarship would vary depending on the particular scholarship. The candidates wanting to grab the scholarship should make sure that they fulfill a few basic eligibility steps given below.

  • A Bachelor’s degree from a recognized university or equivalent institution.

  • Excellent academic records at school and college level.

  • Letter of recommendation from institutions.

  • A justifiable reason to be granted a scholarship.

  • Exceptional performance in various MBA entrance exams such as CAT.

Different IIM Nagpur Scholarship

The different IIM Nagpur scholarships are explained briefly in the table given below.

IIM Nagpur Scholarships

Description

IIM Nagpur merit Scholarship

Awarded to top 10 scorer candidates securing 95 percentile or above in the CAT exam.

IIM Nagpur Need-cum-Merit Scholarship

Awarded to candidates with a family income of less than Rs. 8 Lakhs.

Merit cum means Scholarship for Professional and Technical Courses

  • Scholarships for Top Class Education for students with disabilities

  • Top Class Education Scheme for SC Students

  • National Fellowship and Scholarship for Higher Education of ST Students

Chief Minister Fellowship Yojana (CMFY)

Awarded by the Government of Jharkhand to eligible candidates.

Rajarshi Shahu Maharaj Merit Scholarship to SC students

Awarded by the Government of Maharashtra to eligible candidates.

IIM Nagpur Important Links

IIM Nagpur Educational Loans

Several banks offer education loans to support candidates’ education at IIM Nagpur. The list of different banks that offer educational loan facilities to candidates at reasonable interest rates is given below.

  1. Bank of Baroda

  2. Bank of India

  3. Bank of Maharashtra

  4. Canara Bank

  5. Central Bank of India

  6. HDFC Credila

  7. IDBI Bank

  8. ICICI Bank

  9. Indian Bank

  10. Indian Overseas Bank

  11. Punjab National Bank

  12. State Bank of India

  13. Union Bank of India

  14. UCO Bank

Frequently Asked Questions (FAQs)

Q: What is the highest package of IIM Nagpur?
A:

The highest salary package offered at IIM Nagpur is around Rs. 38.4 lakhs per annum. The average salary package offered at IIM Nagpur is approximately Rs. 16.29 lakhs per annum.

Q: What is the CAT cutoff percentile for IIM Nagpur?
A:

The CAT cutoff percentile for IIM Nagpur is expected to be around 94 percentile and above. The CAT cutoff for IIM Nagpur would vary as per different reserved categories.

Q: Can I get a 100% scholarship for IIM Nagpur?
A:

The eligible candidates can get a 100% scholarship but only for the tuition fee. The candidates will still have to pay for the other facilities like the hostel fee, mess charges, examination fees, etc.

Q: What is the fees of IIM Nagpur for 2 years?
A:

The fee for a two-year MBA program at IIM Nagpur is approximately Rs. 18.9 Lakhs. IIM Nagpur provides the facility of scholarships and educational loans from various types of financial institutions.

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Questions related to IIM Nagpur

On Question asked by student community

Have a question related to IIM Nagpur ?

Hi,

Dear Candidate,

We are unable to make out from your question about which exam or college you are asking for stage-2 call for general candidate.

We suggest you to please post your question providing all the necessary details and mentioning the exact details you want to know about that particular exam or college.

Thankyou

Hello,

You should go for NMIMS rather than IIM Nagpur. NMIMS is one of the top B-schools in India, and only because there is the mention of the tag of IIM, you should not choose IIM Nagpur, as many IIMs are not yet good enough for acquiring quality education. NMIMS might be a little expensive, but studying there is worth it. It has qualified teachers, who provide better education, and also the placements in NMIMS are better than IIM Nagpur. The institute offers 100% placement guarantee to the students, with the highest salary package being Rs. 30.37 Lakhs per annum, while the highest salary package offered in IIM Nagpur till date is Rs. 20 Lakhs per annum. Many well-known companies visit the NMIMS campus every year to recruit the students. I hope you have got all your answers, and will definitely take the right decision for your future.

Good Luck!!!

Hello aspirant

Yes you are eligible for pursuing MBA. The eligibility criteria for MBA is to have graduation degree with minimum 50% score.

Admission to MBA depends on the entrance exam score. Graduation percentage is considered to fulfill eligibility criteria.

Hey there

As per the previous year cutoff overall cutoff in CAT for IIM Nagpur minimum percentile needed is 90 in general category. Seeing your academics you have good chances of getting selected in IIM Nagpur as you have 1 year work experience too though IIMs do not give marks on work experience less than a year.

Check the link

https://www.google.com/url?sa=t&source=web&rct=j&url=https://bschool.careers360.com/articles/iim-nagpur-cutoff/amp&ved=2ahUKEwj5j7_ClbvpAhUtzTgGHV8eCywQFjABegQIDRAJ&usg=AOvVaw3RembbtNIEuXh-5GhiNZG1&ampcf=1

Good luck

Hello Vishal !

IIM Indore (Mumbai) , is a god college , it offers Post Graduate Program in Management , with total fees of 17 lacks .The course offered by the college is accredited by Association of MBAs, London (AMBA—UK based accreditation agency) , also students completing PGP at Mumbai Campus will get the same Degree as PGP Indore. However, the grade sheet will indicate that they have studied at Mumbai Campus.

As per college data , highest placement package offered is around 13 lacks. and major recruiting companies are Aditya Birla Group , Airtel , Amazon.com , American Express and Axis Bank.

whereas , IIm Nagpur is also a good college , it offers Post Graduate Program in Management , with total fees of 11.10 lacks. Also , the course is a  fully residential program and curriculum includes 8-week summer internship at the end of the first year.The college follows Field Immersion Module, an innovative platform for Industry-Student Interaction.

As per college data , highest placement package offered is around 17 lacks. and average is 12 lacks , major recruiting companies are Amul , BAJAJ Allianz , Berger Paints , Bharat Petroleum Corporation Limited , Choice Solutions , CRISIL ,Deloitte and Futures First.

Hope this data will help you in deciding the best college.