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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.
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Based upon the requirements of candidates, scholarships for MBA students in India are provided under the following categories:
A candidate must at least possess the following qualifications to be able to get an MBA scholarship:
This is a list of Indian Institute of Management (IIM) scholarships for MBA students in India, along with IIM eligibility criteria.
IIMs | Scholarship | Eligibility Criteria |
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. | |
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. | |
Bharti Scholarship | Annual income less than 1.08 lacs p.a. | |
Aditya Kashyap Memorial | First Rank Holder | |
SC/ST scholarship | Students belonging to SC/ST. Need-based. | |
Financial scholarship | Need-based | |
State scholarship | Merit based. Funded by the state govt. for top students belonging to the state. |
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. |
To apply for MBA scholarships in India, the candidates must follow the steps below:
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:
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Frequently Asked Questions (FAQs)
Yes. There are specially curated scholarships for MBA students in India who are studying in the second year of their respective courses.
IIMs tend to provide scholarships for MBA students in India but under no circumstances do they grant a 100% scholarship.
There are many advantageous MBA scholarships. However, depending on eligibility criteria students can decide which one might prove the best for them.
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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