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

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

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CAT Application Date:01 Aug' 25 - 13 Sep' 25

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.

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: 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.

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.

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

Yes, you can fill the CAT form even if you currently have a backlog. CAT eligibility requires you to be in your final year of graduation or already graduated backlogs don’t stop you from applying.

While filling the form:

  • Enter the aggregate percentage/CGPA of marks you have obtained up to the latest semester for which results are declared (in your case till 4th semester).

  • There will be an option to mention that you have a backlog.

  • If you clear the backlog later, you’ll just need to show the updated marks during admission.

Hello Aspirant,

Yes, you can apply for the CAT exam as a final-year student. You must declare your backlog on the online application form. You do not write about it on the final-year student certificate; that document is to certify your enrollment status. You must clear all backlogs before the final admission process to any MBA college.

Hello,

Thank you for your question!

KL- MAT syllabus: Quantitative Aptitude, Reasoning, English/Verbal Ability, and General Awareness (similar to MAT/CMAT pattern).

CAT scores are valid in many private universities including KL University, but always check the year’s admission notification.

CAT vs other exams: CAT is toughest (IIMs + top B-schools), while MAT/CMAT/ATMA are relatively easier and accepted by many mid-level private universities.

Hello it will clear your doubt!

Hello Aspirant,

  1. I saw a cat. The cat found an old map inside a drawer of the king's palace.

Here's why:

  • "a cat": It's the first time we mention the cat, so it's indefinite.

  • "The cat": Now we're talking about that specific cat we just mentioned, so it's definite.

  • "an old map": It's the first time we mention a map, and "old" starts with a vowel sound, so "an."

  • "a drawer": It's one of possibly many drawers, not a specific one known to us yet.

  • "the king's palace": This is a specific, unique place, so "the."

Hello Kapish

You can find the last 5 year questions of DILR for CAT at Careers360 website. Moreover, you can find the previous year papers of all the subjects i.e. DILR, Quants and VARC. I am attaching the link through which you would be able to access the same.

Here's the link: CAT Previous Year Papers by CAREERS360
Sample paper of DILR: CAT Sample Paper (DILR) by CAREERS360

Thank You!!!