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IPMAT Scholarships 2026: Several IPMAT participating institutes offer merit-based, need-based, and government-sponsored scholarships for the students pursuing IPM. It is done to ensure that no deserving students are deprived of education due to financial limitations. As pursuing an Integrated Programme in Management (IPM) from top institutes can be financially demanding due to the high tuition fees of the five-year course. From tuition fee waivers to merit-cum-means scholarships, candidates can avail multiple scholarship opportunities depending on the IPMAT accepting colleges based on their academic performance, category, family income and the IPMAT colleges they are in. We have detailed the scholarship schemes offered by major IPMAT colleges in 2026 in the article below.
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Indian Institute of Management Indore offers financial aid to students who require financial assistance during their studies. The objective of the Need-Based Financial Assistance (NBFA) scheme is to ensure that no deserving student is denied education due to financial constraints. Students enrolled in the following programmes are eligible:
IPM
PGP
PGP HRM (PGPH)
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Annual family income below Rs. 12 lakh
Students admitted through EWS quota but selected in General or another category are also eligible
SC, ST, OBC, and PwD students fulfilling the income criteria can also apply
The institute evaluates applications based on financial background and supporting documents submitted by the student.
Indian Institute of Management Shillong provides multiple scholarship opportunities for economically weaker and reserved-category students.
Scheme of Top Class Scholarship for SC Students - SC Scholarship by the Ministry of Social Justice and Empowerment
Need-Based Financial Assistance (NBFA)
In addition, students belonging to SC, ST, and PwD categories can apply for various Government of India scholarships through the National Scholarship Portal.
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Indian Institute of Management Ranchi offers Merit-cum-Means Scholarships for deserving students. These scholarships are aimed at supporting academically strong students facing financial challenges.
The institute provides around 25 scholarships across:
MBA
MBA-HR
MBA-BA
IPM
The Indian Institute of Management Amritsar offers a limited number of scholarships to eligible students based on their academic achievement. Students of IIM Amritsar can apply for the institute-sponsored and corporate-sponsored scholarships based on academic excellence and need-based scholarships. Students may also apply for ministry scholarships through the National Scholarship Portal.
Institutes’ & Corporate Sponsored Scholarships
The Scholarship amount equals the full tuition fee for that academic year
Scholarship will be awarded to,
Students securing the highest CGPA in MBA and MBA-BA programmes at the end of the first and second year
Top four students from MBA, MBA-BA, and MBA-HR programmes based on CGPA
Need-based scholarships
Scholarships by Ministries - National Scholarship Portal
NIRMA University provides scholarships for IPM (BBA-MBA) courses in two divisions. One in the BBA phase of the course and the other in the MBA phase of the course. Here are the IPMAT scholarships for both phases.
Scholarship Schemes in the BBA Phase of BBA-MBA
Category I merit-based scholarship scheme
Category II Merit cum means Scholarship scheme
Scholarship Schemes in the MBA Phase of BBA-MBA
Category I (based on merit)
Category II (based on merit-cum-means)
Merit based scholarships are awarded to students with outstanding academic performance. Whereas, the Merit-cum means scholarship is provided to students who demonstrate both academic merit and financial need.
LM Thapar School of Management offers multiple scholarships and tuition waiver schemes for students admitted through IPMAT.
Emerging Leadership Scholarship
To avail this scholarship Students must fulfil the following conditions. Students must know that if the CGPA requirement is not met, the scholarship will be discontinued.
Minimum CGPA of 8.5 every academic year
Minimum 75% attendance in each semester
No academic backlogs
Clean disciplinary record
Here are the IPMAT Scholarship waiver details for LM Thapar:
IPMAT Scholarship Waiver | Scholarship category | Scholarship Criteria |
100% | A | Merit Based |
50% | B | |
30% | C | |
20% | D |
Performance-Based Scholarships
Scholarships under this category are awarded based on academic performance in the preceding academic year. Students aiming for this scholarship must fulfil the below mentioned conditions.
Minimum 75% attendance in every semester.
Good conduct and disciplinary record throughout the program.
No academic misconduct
In case of a tie in CGPA, the overall academic record, participation in institute activities, and discipline record will be considered.
The final decision will rest with the Scholarship Committee of LM Thapar School of Management.
General Conditions For IPMAT Scholarship
Scholarships are applicable only on tuition fee.
Students receiving any external or government-funded scholarship will not be eligible for dual benefits under this policy.
The Institute reserves the right to revise, modify, or withdraw the scholarship policy at any time.
Submission of false information may result in scholarship cancellation and disciplinary action.
Fee Waiver | Category & student count | IPMAT Scholarship Eligibility Criteria |
50% | Top 5 Students | Highest CGPA in the batch (minimum 9.5) |
30% | Next 5 Students | Second-highest CGPA in the batch (minimum 9.0) |
20% | Next 5 Students | Third highest CGPA in the batch (minimum 8.5) |
The fee for the IPMAT colleges 2026 for the first three years is mentioned in the following table. Meanwhile, the fee for the last two years of IPM will be the same as the MBA fees for those particular years.
IPMAT Colleges List 2026 | IPMAT Colleges Fee (3 years) |
|---|---|
IIM Indore | Rs. 20,12,000 |
IIM Ranchi | Rs. 17,25,000 |
IIM Amritsar | Rs. 17,75,000 |
IIM Shillong | Rs. 11,43,000 |
Alliance University | - |
IIFT (Kakinada Campus) | Rs. 12,00,000 |
Rs. 28,65,000 (total) | |
Rs. 11,67,000 | |
LM Thapar School of Management | Rs. 15,15,000 |
Frequently Asked Questions (FAQs)
Most scholarships primarily cover tuition fees. It is highly unlikely for the institutes to include hostel, mess or other charges in the scholarship.
Yes, Indian Institute of Management Indore offers Need-Based Financial Assistance (NBFA) for students with annual family income below Rs. 12 lakh.
The Merit based scholarships are awarded to students with outstanding academic performance.
Students generally need a minimum CGPA of 8.5 along with 75% attendance to continue receiving scholarships.
On Question asked by student community
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Deciding whether to join Rodha for your IPMAT 2026 preparation depends on your learning style, current academic foundation, and time commitment.
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Here is the essential syllabus breakdown:
Quantitative Ability (QA): This section is highly crucial. It tests advanced
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IPMAT ( Integrated Program in Management Aptitude Test) is an entrance exam conducted by IIM Indore for the admission in its five years course Integrated Program in Management Program (IPM).
One can directly appear for this exam just after completion of your 12th standard in any stream, you
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