Top MBA Scholarships in India 2025: Eligibility, IIM Offers & How to Apply

Top MBA Scholarships in India 2025: Eligibility, IIM Offers & How to Apply

Himanshu ShekharUpdated on 23 Jun 2025, 04:37 PM IST

MBA Scholarship in India 2025 enables MBA aspirants from lower-income families to attain quality education from the topmost Business schools in the country. Scholarships for MBA students in India are granted through various institutions including both Government and Private. Giving scholarships for MBA students in India is significant in nation-building as it bridges the gap between top-quality education and deserving candidates irrespective of their financial status.

LiveCAT 2025 Answer Key (OUT) LIVE: IIM CAT response sheet on iimcat.ac.in; score vs percentile, marking schemeDec 4, 2025 | 9:56 PM IST

As per the CAT marking system, 3 marks will be given for a correct answer, and 1 mark will be deducted for an incorrect answer. To calculate the probable CAT 2025 score, candidates should add 3 marks for each correct answer, deduct 1 mark for every incorrect MCQ

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This Story also Contains

  1. MBA Scholarships in India 2025: Types
  2. Eligibility Criteria to get MBA Scholarship in India
  3. IIM scholarship for MBA students in India
  4. Scholarships for MBA students in India: Other alternatives
  5. How to Apply for MBA Scholarships in India?
  6. Documents Required to Apply for MBA Scholarship in India
Top MBA Scholarships in India 2025: Eligibility, IIM Offers & How to Apply
MBA Scholarships for Students in India

MBA Scholarships in India 2025: Types

Based upon the requirements of candidates, scholarships for MBA students in India are provided under the following categories:

  • Merit-based scholarship for MBA students in India: Given to candidates with extraordinary academic performance at school and graduation level along with exceptional performance in MBA entrance exams.
  • Need-based scholarship for MBA students in India: Given to candidates coming from poor backgrounds.
  • Diversity and Gender-based scholarship for MBA students in India: Given to candidates coming from diverse religious and cultural backgrounds.
  • External scholarship for MBA students in India: Given to students by companies that employ MBA graduates to bring new talent into their workspace.

Eligibility Criteria to get MBA Scholarship in India

A candidate must at least possess the following qualifications to be able to get an MBA scholarship:

  • A Bachelor’s degree from a recognised university or equivalent institution.
  • Excellent academic records at the school and college levels.
  • A letter of recommendation from an institution.
  • A justifiable reason to be granted a scholarship.
  • Exceptional performance in various MBA entrance exams such as CAT/XAT/CMAT, etc.
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IIM scholarship for MBA students in India

This is a list of Indian Institute of Management (IIM) scholarships for MBA students in India, along with IIM eligibility criteria.

Scholarship for MBA students in India through IIM

IIMs

Scholarship

Eligibility Criteria

IIM Ahmedabad

Fellow Programme in Management

Total Family income less than 6 lakh p.a in the previous financial year.

State

Need and merit-based. Funded by the state govt. for top students belonging to the state.

Aditya Birla Group scholarships

Merit-based scholarship. 6 students are selected.

OP Jindal Engineering and Management Scholars

Based on academic performance along with an online test and personal interview.

IIM Bangalore

T Thomas

The second-year student is shortlisted. Based on merit cum means.

Societe General Global Solution Centre India

Financially weak students. Based on the interview.

Employment in Social sector scholarship

One-third of the tuition fee will be reimbursed as a scholarship after the candidate has completed 3 years of service in the social sector.

IIM Lucknow

Bharti Scholarship

Annual income less than 1.08 lacs p.a.

IIM Calcutta

Aditya Kashyap Memorial

First Rank Holder

SC/ST scholarship

Students belonging to SC/ST. Need-based.

IIM Indore

Financial scholarship

Need-based

State scholarship

Merit based. Funded by the state govt. for top students belonging to the state.

Scholarships for MBA students in India: Other alternatives

There are also institutions other than IIMs that provide scholarships for MBA students in India. Here’s a table showcasing the various details about other scholarships for MBA students in India: Scholarship for MBA students in India

Other scholarships for MBA students in India

Eligibility Criteria

ONGC scholarship

General category students studying in the first year. Minimum 60% or equivalent CGPA in school as well as graduation. Family income less than 2 lakhs p.a. INR 48,000 will be given p.a.

IDFC First Bank MBA Scholarship

Must be enrolled in the first year. Family income less than or equal to 6 lakhs p.a. INR 1 lakh will be given p.a.

BML Munjal University MBA scholarship

Only for students applying to BML Munjal University. Variable amount based upon CAT/XAT/GMAT percentile.

Merit cum Means Scholarship for Professional and Technical Courses (Minorities).

Students belonging to minority communities. Scored at least 50% or equivalent in previous final exams. Family income must not exceed 2.5 lakhs p.a (all sources combined).

Post Graduate Scholarship for Professional Courses for SC/ST.

Students studying in the first year of the professional course at the post-graduate level. Eligible for receiving grants in aid from the University Grants Commission (UGC).

IMT EWS Scholarships

EWS students who are enrolled in any AICTE-approved two-year PGDM program.

YES Future Ready scholarship

Yes Bank provides financial assistance to 30 students (2 lakh each). Candidates are shortlisted based on academic performance. They further need to undergo an online test, submit an essay, and appear in an interview for final selection.

Merit Scholarship by Management Development Institute (MDI), Gurugram

At the end of the second year, best-performing students are awarded a merit scholarship of INR 10,000.


How to Apply for MBA Scholarships in India?

To apply for MBA scholarships in India, the candidates must follow the steps below:

  • The student will need to research scholarships by finding the one that matches their qualification and needs.
  • Next, you must ensure that you meet the scholarship's requirements, such as grades and income.
  • Make sure you get your academic records, income proof and recommendation letters ready.
  • Fill out application forms accurately and upload the necessary documents, and send them before the specified timeline.
  • Be ready for interviews by practising common questions available on the internet.
  • Understand the scholarship terms, renewal criteria and other obligations.
  • Lastly, make sure you stay updated on your application status and provide any additional information, if needed.
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Documents Required to Apply for MBA Scholarship in India

When applying for the MBA scholarship in India, the candidate will be required to submit several documents, each with a file size not exceeding 500kb. These documents are as follows:

  • Recent passport-size photograph for the application process.
  • Submit scans of the front and back of the Aadhaar Card.
  • Include the first page scan of the bank passbook within the specified size limit.
  • Providing a Permanent Residential Certificate of India, which will be a key document for the application.
  • uploading scanned copies of Class 10, 12th and Graduation Class Pass Memos.
  • Ensuring that the caste certificate is signed by an authorised Revenue Officer.
  • Birth certificate, signed by an authorised Revenue Officer.
  • Lastly, provide an income certificate of the parents.
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Frequently Asked Questions (FAQs)

Q: How can I get a full scholarship for an MBA in India?
A:

Various programs offer scholarships for MBA students in India. Institutes like IIMs, Aditya Birla Group, and BML Munjal University provide scholarships to students under different eligibility criteria like academic performance and financial condition.

Q: Can second-year MBA students apply for scholarships?
A:

Yes. There are specially curated scholarships for MBA students in India who are studying in the second year of their respective courses.

Q: Can I get a 100% scholarship for an MBA in IIM?
A:

IIMs tend to provide scholarships for MBA students in India but under no circumstances do they grant a 100% scholarship.

Q: Which is the best scholarship for MBA students in India?
A:

There are many advantageous MBA scholarships. However, depending on eligibility criteria students can decide which one might prove the best for them.

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

Hello,
If your CAT admit card shows your surname first followed by your first name as entered in the form, it is correct. You do not need to worry about this format as long as it matches the details you provided. Ensure all other information on the admit card is accurate and carry it to the exam along with the required identification documents.
Hope this helps you.

Hello,

If your CAT admit card has a different date of birth than your Aadhaar card, you should get it corrected immediately . Here’s what you can do:

  1. Check the CAT website : Log in to your candidate portal and look for the option to correct personal details.

  2. Contact the CAT helpdesk : Email or call them explaining the issue. Attach a copy of your Aadhaar card as proof.

  3. Do not ignore it : The date of birth must match your ID, otherwise you may face problems at the exam or during admission.

Usually, the CAT authorities allow corrections before the exam, so act quickly.

Hope it helps !

Hello,

Here are Documents Required for CUSAT CAT (NRI Quota):

  1. Academic Documents includes (Class 10-mark sheet, Class 12-mark sheet, Transfer Certificate)
  2. NRI Sponsorship Documents
  3. Other Supporting Documents (Candidate’s passport, Proof of residence abroad)

To know more access below mentioned link:

https://engineering.careers360.com/articles/cusat-cat-application-form

Hope it helps.

To get admission into the MBA program course 2026 to 2028 at Great lakes institute of management Gurgaon you need to check about the specific eligibility criterias and the admission process

follow the link given below by careers 360 to get the detail admission process overview into the MBA program at Great lakes institutes of management Gurgaon

https://www.careers360.com/colleges/great-lakes-institute-of-management-gurgaon


You can get the previous year's CUSAT CAT papers in pdf format sample papers from careers360 article. Follow the link given below from careers360 to get the the CUSAT CAT previous years question papers.

Link- https://engineering.careers360.com/articles/cusat-cat-sample-papers