Top MBA Scholarships in India: Options for Government and Private Institutions

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.

MBA College

MBA Scholarships Offered

SIBM, Pune

Post Graduate (MBA) Scholarship for IIT graduates, Jayatee Deshmukh PG Scholarship for a Girl Student, Merit-based PG Scholarships, Alumni Scholarship for first rank in MBA-IB, Malhotra Weikfield Foundation Scholarship for MBA-IB, Alumni Scholarship for second rank in MBA-IB, Lila Poonawalla Scholarships, Outstanding Sports Person Scholarships, Outstanding Student Participating in Co-curricular Activities

XLRI, Jamshedpur

Aditya Birla Scholarship, Mirae Asset Foundation Scholarship, IDFC First Bank, T Thomas, OP Jindal Engineering & Management, Pirojsha Godrej, Geeta Saxena Memorial, Joseph M Sciortino, Kalyan Ganguly XEF Scholarship, Vasantha Sankaran Scholarship, Naveen Jain & Distinguished Alumni Award, XLRI Diamond Jubilee [Juniors], XLRI Diamond Jubilee [Seniors], Alumni Scholarship (General), Alumni Batch of 1988 Scholarship, OBC/EBC/DNT, Alumni Scholarship (SC/ST/EBC), Revolut Ira Scholarship, ST – Government of India, SC – Government of India

SPJIMR

Mirae Asset Foundation (MAF) Scholarship, Merit cum – Means Based Financial Assistance

MDI, Gurgaon

AICTE Tuition Fee Waiver (TFW) Scheme -1

Merit cum Means ScholarshipScheme-2

Indian Institute of Foreign Trade

Need-Based Scholarship Scheme, New Scholarship Scheme (NSS), Scholarships offered by the Government of India

Goa Institute of Management

Academic Competence and Excellence Scholarship Scheme (ACCESS)

SVKM’s NMIMS 

Central Sector Scheme of Scholarship

UPES, Dehradun

Bonafide Uttarakhand Student scholarship, Alumni scholarship, Employee Ward Scholarship, Merit-based scholarships, Sports scholarship

Great Lakes Institute of Management

Diversity & Merit Scholarships, Dr. Bala V Balachandran Merit Scholarship

K J Somaiya Inst. of Management Studies and Research

Dr. Meenakshi Rajan Memorial Scholarship, Smt. Mayadevi S Somaiya Memorial Scholarship, Benevolent Scholarship, Bharti Nanji Gala Scholarship, Smt. Sakarbai K Somaiya Scholarship

IMI Delhi

Merit-based scholarship

TA Pai Management Institute, Manipal

Merit-based scholarship

MICA, Ahmedabad

Merit-cum-Means Scholarship

Birla Inst. of Management Technology, Greater Noida

Late G.D Birla Academic Merit Scholarship, A. Shriyut B K Birla Admission Scholarship, C. Madhuri & Jagdish Sheth Endowment Awards, Scholarships for candidates admitted under supernumerary category

ICFAI Foundation for Higher Education, Hyderabad

Merit-based scholarship

Fore School of Management, New Delhi

Means cum Merit-Based Scholarship

Principal L N Welingkar Inst. of Management Development and Research, Mumbai

Linnaeus-Palme scholarship

Rajagiri Business School, Cochin

Diversity Scholarship, Career and Talent Scholarship

Kalinga Inst. of Industrial Technology, Bhubaneswar

Pradyumna Bal Memorial Scholarship, KIIT Merit Scholarship, KIIT Poverty-Cum-Merit Scholarship

New Delhi Institute of Management, Delhi

Post Matric Scholarship (SC), Merit Scholarship for students belonging to ST/SC/OBC/Minority category, Post Matric Scholarship (OBC), Merit cum Means Scholarship for Professional & Technical Courses, Smt. Sugan Devi Maheshwari Memorial Scholarship, Post Matric Scholarship for Minorities, Centrally Sponsored Schemes, Sh. B.C. Maheshwari Memorial Scholarship

Panjab University, Chandigarh

Scholarships for students with disabilities, Merit-cum-means scholarships for SC/ST

Jamia Hamdard, New Delhi

Merit cum Means Scholarship, Prime Minister Special Scholarship Scheme, SC/ST and OBC Scholarships – State Level, Scholarships by Donors & Other Stakeholders

IIM Centre

Scholarship Schemes

IIM Calcutta

Sponsored by Ratan Tata Trust, T. Thomas Scholarship (HUL), Aditya Birla Group, OP Jindal Engineering & Management Scholarship

IIM Ahmedabad

Scholarships from Alumni, Scholarships from Companies, IIMA Exit Scholarships, IIMA Special Need-Based Scholarships, Scholarships from the Government of India

IIM Bangalore

Need-based financial aid for all PGP students with family incomes below INR 8,00,000

IIM Indore

Need-Based Financial Assistance (NBFA)

IIM Kozhikode

IIMK Merit Scholarship, IIMK Need-Based Financial Assistance (NBFA) based on family income:

Less than INR 1 lakh: 100% tuition fee waiver

Between INR 1 Lakh and INT 1.5 lakh: 75% tuition fee waiver

Between INR 1.5 Lakh and INT 2 lakh: 50% tuition fee waiver

IIM Kashipur

Central Sector Scholarship Scheme of Top-Class Education for SC category

IIM Udaipur

Scheme of Scholarship for Top-Class Education for PwD, Central Sector Scholarship Scheme of Top-Class Education for SC, Merit-cum-Means Scholarship for Minorities, National Fellowship and Scholarship for Higher Education of ST Students, Mukhya Mantri Sarvajan Uchcha Shiksha Scheme (for students from Rajasthan)

IIM Sirmaur

National Means Cum Merit Scholarship, Scholarships for Top-Class Education for Students with Disabilities, Post-matric Scholarship for Students with Disabilities, National Fellowship & Scholarship for Higher Education of ST Students

IIM Shillong

Need-based scholarship Scheme, Post-matric Scholarship for PwD, Scholarships for Students with Disabilities

IIM Nagpur

Rajarshi Shahu Maharaj Merit Scholarship for SC Students in Maharashtra, Merit Cum Means Scholarship for Professional and Technical Courses

IIM Rohtak

Contingency Grant, Financial Support for Conferences (INR 1.85 lakh over four years), and DPM Scholarship provided as follows-

INR 30,000 for the first two years

INR 35,000 after passing the second year

MBA Colleges

Scholarship Schemes

Anna University, Chennai

Merit-cum-Means based scholarship

Jamia Millia Islamia, New Delhi

Hamdard Education Society Scholarship, Dr A.P.J. Abdul Kalam Scholarship, Post Graduate Merit-cum-Means Mushirul Hasan Scholarship, Reliance Foundation Scholarships for UG & PG Students, Mrs. Maqbool Nikhat Mahdi Scholarship, SMT Shyam Lata Gard Scholarship, ONGC Merit Scholarship, Scholarships for Students from Minority Communities, Hakeem Abdul Hameed Scholarship, Scholarships from Foundation for Excellence India Trust, State Funded Scholarship Schemes, Pradhan Mantri Uchchatar Shiksha Protsahan

Banaras Hindu University, Varanasi

Scholarship for Blind students, Pyare Lal, S.N. Ranade Scholarship, Scholarship for rank holders, Merit-cum-Means based scholarship

Chandigarh University

Pre-Earned Credit Program Scholarship, Scholarship Scheme for MBA Students (qualifying for CAT, XAT, MAT, ATMA, CMAT), Post Graduate Scholarship for Professional Courses for SC/ST 

Atal Bihari Vajpayee Indian Inst. of IT and Management

Reliance Foundation Postgraduate Scholarship, Shraman Foundation

Aligarh Muslim University, Aligarh

PG Scholarship for Univ. Rank Holder, National Fellowship for ST, Maulana Azad National Fellowship for Minority, National Fellowship for SC, Indira Gandhi Scholarship Scheme for Single Girl Child, PG Professional Courses Scholarship for SC/ST, Emeritus Fellowship, Kothari Fellowship

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.

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