Careers360 Logo
ask-icon
share
    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.

    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.
    Great Lakes - PGDM & PGPM Admissions 2026

    Final Application Deadline: 15th March | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025

    ITM Business School MBA Admissions 2026

    400+ Company Visits | Highest CTC Offered: 21 LPA | Average CTC Offered: 8.65 LPA | 100% Placement Assurance

    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.
    CAT 2025 College Predictor
    Use CAT 2025 College Predictor to check your chances for IIM and top MBA calls based on CAT percentile, profile, work experience and cut-off trends.
    Use Now

    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.
    UPES MBA Admissions 2026

    Last Date to Apply: 26th March | Ranked #36 amongst institutions in Management by NIRF | 100% Placement

    Amity University-Noida MBA Admissions 2026

    Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.

    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.

    Articles
    |
    Upcoming Bschool Exams
    Ongoing Dates
    VITBEE Application Date

    31 Oct'25 - 12 Apr'26 (Online)

    Ongoing Dates
    PU MET Application Date

    3 Dec'25 - 28 Mar'26 (Online)

    Certifications By Top Providers
    Online MBA
    Via Jaypee Institute of Information Technology, Noida
    Corporate Law
    Via National Law University, New Delhi
    Strategic Management
    Via Indian Institute of Management Bangalore
    Online BBA
    Via Jaypee Institute of Information Technology, Noida
    Management of Commercial Banking
    Via Indian Institute of Technology Kharagpur
    Management of Inventory Systems
    Via Indian Institute of Technology Kharagpur
    Udemy
     703 courses
    Edx
     467 courses
    Swayam
     236 courses
    Emeritus
     231 courses
    Explore Top Universities Across Globe
    University of Essex, Colchester
    Wivenhoe Park Colchester CO4 3SQ
    Oxford Brookes University, Oxford
    Headington Campus Oxford OX3 0BP UK
    Northumbria University, Newcastle City Campus
    Sutherland Building, Northumberland Road, Newcastle-upon-Tyne, NE1 8ST
    Cardiff Metropolitan University, Cardiff
    Llandaff Campus, Western Avenue, Cardiff, CF5 2YB
    University of Reading, Reading
    Whiteknights PO Box 217 Reading Berkshire RG6 6AH
    Bristol Baptist College, Bristol
    The Promenade, Clifton Down, Bristol BS8 3NJ

    Questions related to CAT

    On Question asked by student community

    Have a question related to CAT ?

    FMS Udaipur admission for 2026 is not open. The MBA 2026 admission will likely commence in May 2026. You can keep checking the official website of FMS.

    Hi admission to the courses offered at CUSAT is based on the CUSAT CAT results, relative performnace of the students and the number of applications for each course. Please check CUSAT CAT cutoff 2025 to know in detail about the cutoff score for Electrical and Electronic branch in previous years.

    Yes, it is possible. If you have received a PI call from IIM Sambalpur with a 75 percentile in CAT, you have a chance to convert the call. However, the final selection will depend on multiple factors such as your personal interview performance, academic record, and overall profile.

    All the