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IIM Nagpur Scholarship
IIM Nagpur scholarships are available for meritorious students with low finances. The financial support provided by the institute is in the form of merit scholarships and need-based scholarships. Moreover, IIM Nagpur provides government scholarships to economically weaker backgrounds to pursue degree programmes at IIM Nagpur. Here are the scholarships provided by the institute:
Table of Content
IIM Nagpur Scholarship Details
The below table gives an overview of list of scholarships available at IIM Nagpur:-
| Name of scholarship | Scholarship amount |
|---|---|
| Merit Cum Means Scholarship for Professional and Technical Courses | Course fee - INR 20,000 per annum subject to actual whichever is less (for both Hostellers and Day Scholars) + Maintenance allowance - INR 1,000 per month for 10 months (Hosteller) / INR 500 per month for 10 months (Day Scholar) |
| Scholarships for Top Class Education for students with disabilities | Tuition fee and non-refundable charges - Up to INR 2 lakh per annum (subject to actual amount) + Purchase of a computer with accessories - INR 30,000 (one-time grant) + Purchase of aids and assistive devices - INR 30,000 (one-time grant) + Maintenance allowance - INR 3,000 per month (Hostellers) / INR 1,500 per month (Day-Scholar) + Books and stationery - INR 5,000 per annum + Special allowances (related to types of disabilities like reader allowance, helper allowance etc.)- INR 2,000 per month |
Check IIM Nagpur Courses and Fees
Scholarships offered by IIM Nagpur
- IIM Nagpur offers scholarships divided into 2 main categories: Merit based and Need-cum-merit based scholarships as explained below:-
| Scholarship offered by IIM Nagpur | Eligibility |
|---|---|
| IIM Nagpur Merit Scholarship | For candidates securing 95% or above in CAT. |
| IM Nagpur Need-cum-Merit Scholarship | For candidates with family income less than INR 5,00,000 |
- IIM Nagpur scholarships awarded to eligible students are limited in number. The institute will be awarding scholarships to 20 students only of which 10 are for merit-based and 10 are for need cum merit based scholarships.
- Selected candidates receive a complete waiver for the tuition fee for the two-year programme. The scholarship policy get revised every year and is updated on the official portal.
Scholarships offered by the Government of India
There are special financial assistance schemes offered by the Government of India of which some are mentioned below:-
- Merit Cum Means Scholarship for Professional and Technical Courses
- Merit cum means scholarship is provided to students belonging to one of the Minority communities (Muslims, Sikhs, Christians, Buddhists, Jain, and Parsis/Zoroastrians).
- Students with at least 50% marks or equivalent grade in the previous final examination are eligible to apply.
- Moreover, students having an annual family income of less than INR 2.50 lakhs from all sources are eligible to apply for merit cum means based scholarships under IIM Nagpur scholarships.
Scholarship Amount
| Particulars | Scholarship Amount |
|---|---|
| Course Fee | INR 20,000 per annum subject to actual whichever is less |
| Maintenance Allowance | INR 1,000 per month for 10 months (Hosteller), INR 500 per month for 10 months (Day Scholar) |
Read More: IIM Nagpur Admissions
- Scholarships for Top Class Education for Students with Disabilities (SwDs)
- Popularly known as CSS Scholarships for Students with Disabilities (SwDs), these are initiated by the Deptt. of Empowerment of Persons with Disabilities, GoI. The scholarships tend to provide financial assistance to students pursuing studies at UG / PG / Diploma level.
Eligibility
- Students pursuing studies at UG / PG / Diploma level in notified institutions of excellence in education are eligible to apply for IIM Nagpur scholarships- Top Class Education of Students with Disabilities (SwDs).
- Students having more than 40% disability + a valid certificate for the same are eligible.
- Interested candidates for Top Class Education of SwDs scholarships should have an annual family income of less than INR 6,00,000 from all sources.
Scholarship Amount
| Particulars | Scholarship Amount |
|---|---|
| Tuition Fee and Non-refundable Charges Payable to the Institute | Up to INR 2 lakh per annum (subject to actual amount) |
| Purchase of a Computer with Accessories | INR 30,000 (one-time grant) |
| Purchase of Aids and Assistive Devices | INR 30,000 (one-time grant) |
| Maintenance Allowance | INR 3,000 per month (Hostellers), INR 1,500 per month (Day-Scholar) |
| Books and Stationery | INR 5,000 per annum |
| Special Allowances (related to types of disabilities like reader allowance, helper allowance etc.) | INR 2,000 per month |
- Top Class Education Scheme for SC Students
- Offered by the Ministry of Social Justice & Empowerment, GoI, to SC students. It is provided based on their annual parental income for the previous financial year.
- Candidates interested to apply for such scholarships should have a gross family income not exceeding INR 8,00,000/-.
- National Fellowship and Scholarship for Higher Education of ST Students
- National Fellowship Scholarships offered by the Ministry of Tribal Affairs, Government of India to ST students. It is provided based on annual parental income for the previous financial year.
- The maximum income limit in National Fellowship & Scholarships under IIM Nagpur scholarships is INR 6,00,000/-. There is no institute wise / state wise / stream wise ceiling of number of slots.
Complimentary Scholarships at IIM Nagpur
- Some complimentary scholarships available for IIM Nagpur students include those provided by respective state governments:-
- i) Chief Minister Fellowship Yojana (CMFY), by Government of Jharkhand
- ii) Rajarshi Shahu Maharaj Merit Scholarship to SC students, by Government of Maharashtra
- Private companies and organizations:- IIM Nagpur also facilitates scholarships awarded by corporates and private organizations. For more details, students can visit the official website.
- Educational loans at IIM Nagpur:- IIM Nagpur also encourages education loans for students with low finance. To name a few banks:-
- i) Bank of Baroda
- ii) Bank of India
iii) Central Bank of India
- iv) State Bank of India
- v) Union Bank of India
- vi) Canara Bank and so on.
Read More: IIM Nagpur Reviews
IIM Nagpur Scholarships FAQs
Ques. What is the eligibility to qualify for merit scholarships at IIM Nagpur?
Ans. IIM Nagpur offers merit scholarships to candidates securing 95% or above during their CAT exam.
Ques. Does IIM Nagpur offer need based scholarships to its students?
Ans. Yes, IIM Nagpur offers need cum merit based scholarships to its students having an annual family income less than INR 5,00,000.
Ques. Can students avail educational loans for their studies in IIM Nagpur?
Ans. Yes, students have the option to avail educational loans from their respective banks or those mentioned by the institute. These include, Bank of Baroda, SBI, Union Bank of India, Canara Bank etc.
Ques. What are government scholarships offered to IIM Nagpur students?
Ans. Government scholarships include National fellowship & scholarships, Top class education for SC / ST students, Scholarships for students with disabilities and so on.
Ques. Does the central government offer scholarships at IIM Nagpur?
Ans. Yes, the state governments of Jharkhand and Maharashtra offer scholarships at IIM Nagpur. These include Chief Minister Fellowship Yojana (CMFY), by Government of Jharkhand and Rajarshi Shahu Maharaj Merit Scholarship to SC students, by Government of Maharashtra.
Ques. Are there any financial support schemes from non-governmental bodies?
Ans. Yes, various private bodies provide scholarships at IIM Nagpur. The list of those organizations is yet to be released and students can check for more details on the official website.
Why To Join IIM Nagpur - Reviews & Rating
Most Popular Tags
Likes
- The student background is very diverse. Students with high CAT percentile are there. Students who have previously worked at Big MNCs , Big fours like EY Deloitte etc are there. Freshers are from reputed colleges who have been toppers in their batches
Dislikes
- The placement is not not very good considering its an IIM. It's a baby iim so it's understandable. It is improving. Secondly the companies are mostly startups and not big firms.
Loan/ Scholarship Provisions:
Iim nagpur is best when it gives to scholarships. Merit scholarships are given. Need cum merit based scholarships are also given. Fee is 20 lakhs for 2 years. Loan assistance is provided by different banks. College also assists for loan
Likes
- The infrastructure which is very well made and all the provided facilities
- The professors are highly educated and sincere
Dislikes
- The campus is very far from the city which makes it difficult to explore the business around the surroundings
- The placements were good last year but due to harsh economic conditions this year very few good companies are visiting the campus
Loan/ Scholarship Provisions:
The total fees of one semester is 3,10,000 and the overall fees for two years in 18,90,000 including 50,000 caution fees and excluding the mess charges. The mess fees is 6,000 per month. There are different scholarships according to the merit and state government scholarships according to your domicile.
Likes
- Infrastructure, Management, Facilities, Faculties, Clubs and Committees
Loan/ Scholarship Provisions:
The total fee is 1890000. There are various scholarships available you can find on the IIM Nagpur website. The best scholarship is ten students with 95+ percentile in CAT are eligible for the director's merit scholarship and with this scholarship, their entire fee will be waived.
Likes
- Campus life continues with a vibe that there is light for everyone at the end of tunnel
- Sessions by the esteemed faculty were the limelight of our programne
Dislikes
- More opportunities should be out there for folks with zero expery
- More Counselling Sessions for the students ongoing journey
Loan/ Scholarship Provisions:
The present Fee of my College is 18 lakhs for the PGP MBA course. This gives you a plethora of opportunities to explore in terms of short-duration internships to be equipped with the right industrial knowledge before sitting for placements. Now they've started scholarships for Meritorious students and students from economically weaker sections to support deserving students.
Likes
- Campus life
- Faculty
Dislikes
- Hostel infra
Loan/ Scholarship Provisions:
The fee we are paying is 13.75 lakhs, but it was hiked after our batch, there are many scholarships for reservation students, and assistance would be provided by the college, the placement support is also good and I received a PPO with 16.75 LPA.
Likes
- Hostels
- classrooms
Dislikes
- Mess food
- hectic outline
Loan/ Scholarship Provisions:
Fees were recently hiked for the junior batch while the batch was started on the permanent campus in Mihaan. The cost to study is not very high when compared to other IIMs. A lot of scholarships are provided for studying in a premier institute. Almost all state government educational scholarships can be availed
Likes
- Placement Process
- Courses offered in second year
Dislikes
- Fees could be lower
- Campus away from main city
Loan/ Scholarship Provisions:
The fee for the entire course is 1300000 INR. Each term the average fee collected is 2,24,500, Tuition fee for each term is 170000 INR. Hostel fees is 35000 INR. Other Miscellaneous fees are collected in term 1 and term 4. Various scholarships are provided, the students such as IIM Nagpur Merit Scholarship, Need-cum-Merit based scholarship, Merit cum means scholarship, Chief Minister Fellow Yojna, etc. Stipend based summer Internship is given to all the students in the first year. I obtained a Summer internship in Marketing Domain at a D2C Company. Besides paid and unpaid live projects are provided to students throughout the course.
Likes
- Campus
- Placements
Dislikes
- NA
Loan/ Scholarship Provisions:
Fees were hiked for our successor batch owing to shifting to the state-of-the-art campus in MIHAN. There are several scholarships offered to students on a need basis as well as offered by the governments.
Likes
- Placements
- Campus Life
Loan/ Scholarship Provisions:
College fees are 14.25 lakhs which include a 50k caution deposit (refundable after the end of the course). This fee also includes the hostel fees. Apart from this, you have to pay mess fees which are around 6500 per month. SNBS scholarship is available from the Institute itself for students with less than 6 lakh family income.
Likes
- Infrastructure
- Placements
Dislikes
- Involvement of Management in Student run Bodies
- Location of Campus away from the city
Loan/ Scholarship Provisions:
Since IIM Nagpur moved to its campus at MIhan on the outskirts of Nagpur, the fee has been hiked from 13.5L to 18L. The extra cost would include mess charges and utility services at the hostel. Financial assistance includes educational loans provided by different banks without collateral. The college provides the scholarship based on merit, and other state government scholarships are floated by the Students in charge now and then. Placements are completed by the end of December and joining is usually in then next year.
IIM Nagpur Latest News
IIM Nagpur Launches Deferred Admission Offer Policy; Check Details Here
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Comments
2 Comments
IIM Nagpur utilizes the Common Admission Process for MBA admissions, streamlining applications to multiple IIMs. Your CAT score is crucial for shortlisting by IIM Nagpur. Following shortlisting, some IIMs previously included a WAT but the CAP currently focuses on the PI to assess your fit for the program.
Securing a full scholarship at IIM Nagpur is competitive, but there are opportunities. IIM Nagpur offers merit-based scholarships that waive tuition fees as well as INR 30,000 as one-time grant for computer accessories. Generally, these require exceptionally high CAT scores (around 99+ percentile).