IIMV - Indian Institute of Management, Visakhapatnam - Scholarship Details
IIM Visakhapatnam has recently introduced merit-based scholarship for the PGP Batch. The scholarships offered are up to a maximum of INR 6.0 lakh per student for Top 2 scorers of the PGP batch (2nd year).
IIM Visakhapatnam, also popular as IIM Vizag, has initiated many Scholarships with an objective of providing intense learning to students without any sort of financial difficulties.
Table of Content
- IIM Visakhapatnam Scholarships Offered Year Wise Trends
- IIM Visakhapatnam External Scholarships Offered
- Scholarships offered at IIM Visakhapatnam
- IIM Visakhapatnam Scholarships Eligibility Criteria and Procedure
- What documents are needed to apply for Scholarships at IIM Visakhapatnam?
- How to apply for scholarships at IIM Visakhapatnam?
- IIM Visakhapatnam Scholarships FAQs
IIM Visakhapatnam Scholarships Offered Year Wise Trends
| Batch | Percent of Batch that received Financial Aid (%) | Average of Quantum of Aid Received (As a percent of total fee) |
|---|---|---|
| 2022-24 | 9.93% | 31.11% |
| 2021-23 | 17.46 | 30.91 |
| 2020-22 | 11.11 | 25.34 |
| 2019-21 | 6.40 | 40.00 |
| 2018-20 | 7.62 | 37.50 |
| 2017-19 | 9.84 | 58.33 |
| 2016-18 | 9.62 | 76.00 |
| 2015-17 | 7.41 | 55.00 |
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IIM Visakhapatnam External Scholarships Offered
The following table represents the summary of external scholarships awarded to IIM Visakhapatnam:
| Batch | Percent of Batch that received External Scholarships (%) | Average of Quantum of Aid Received (As a percent of total fee) |
|---|---|---|
| 2022-24 | 3 | 88 |
| 2021-23 | 4 | 100 |
| 2020-22 | 10 | 74 |
| 2019-21 | 6 | 80 |
| 2018-20 | 5 | 100 |
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Have a look at the various scholarships available at IIM Visakhapatnam:-
Scholarships offered at IIM Visakhapatnam
- Ministry of Tribal Affairs Scholarship (ST)
The Ministry of Tribal Affairs, associated with the Government of India, provides financial assistance for Higher Education of Scheduled Tribe students (of PGP first year). The scholarship tends to cover the tuition expenses in full.
Scholarship Specification :- National Scholarship for Higher Education for Scheduled Tribe students
- Ministry of Social Justice and Empowerment Scholarship (SC)
The Ministry of Social Justice and Empowerment Government of India strives to give away financial support for Higher Education of meritorious SC students (of PGP first year). The scholarship is a means scholarship that covers tuition expenses in full.
Scholarship Specification:- National Scholarship for Higher Education for Scheduled Caste.
- Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
A person who is having a disability not less than 40% and having a disability certificate issued by any competent medical authority, is eligible for this financial aid. This is a means scholarship which is worth INR 2,55,000 per annum.
- Merit Cum Means Scholarship for Professional and Technical Courses CS
This scholarship is awarded to the poor, and meritorious students who belong to minority communities with an aggregate of not less than 50% marks or equivalent grade in the previous final examination. Also, the annual income of their parents/guardians from all sources does not exceed INR 2.50 lakh.
- Complimentary Scholarships offered by Official Authorities
Apart from the above mentioned, students could also apply for scholarships offered by other official bodies. IIM Visakhapatnam encourages students to opt for merit-based scholarships offered by the state and central government or even private bodies.
Students can also explore the scholarships at the official NSP portal i.e. National Scholarship Portal through https://scholarships.gov.in/ and apply as per the eligibility criteria of the respective scheme.
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IIM Visakhapatnam Scholarships Eligibility Criteria and Procedure
Eligibility- All those PGP students whose annual household income is less than INR 5,00,000/- (Rupees Five Lakh only) are eligible to apply for Scholarships at IIM Visakhapatnam. In case of unexpected foreseen circumstances, students may also be eligible to apply for such financial aid.
Procedure for Alloting Scholarships-
- The Financial Aid Committee has set certain guidelines for deciding the number of awardees and amount of financial aid. It is a two-step process of which the first step involves scoring the students based on following factors:-
- Educational Qualifications
- Work Experience (if any)
- Annual Gross Household Income (including income of the student if employed before joining IIMV and outstanding loans if any, provided they were not taken for conspicuous consumption)
- Household Savings
- Real Estate Assets
- Other Assets
- After having gone through the above factors, students shall be called for a personal interaction with a faculty panel. Thereby having understood the genuineness of need for financial aid, students shall be scored a Financial-need Score.
- The overall weighted average of the scores thus yielded would decide if students would get a 100%, or 25% scholarship.
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What documents are needed to apply for Scholarships at IIM Visakhapatnam?
The following documents are essential for applying for IIM visakhapatnam Financial Assistance:-
- Income Certificate for the immediately preceding financial year
- IT Returns for the last two years
- Household Savings documents: Includes all savings and investments such as bank savings accounts, PPF, term deposits, savings certificates, investments in bonds, mutual funds, equity, etc. of self and all members of the family.
- Property documents: Includes any real estate asset, such as apartment, home, or land ownership.
- Loan Documents (if any)
- EMI payment receipts (if any)
How to apply for scholarships at IIM Visakhapatnam?
The basic procedure for applying for Scholarships at IIM Visakhapatnam are as follows:-
Step 1:- Visit the official link where you would wish to get financial aid from. It could be IIM Visakhapatnam website or NSP Portal i.e. https://scholarships.gov.in/ or among some other official bodies.
Step 2:- Look out for the scholarship programmes going live at the portal visited.
Step 3:- Arrange the required documents for the scholarship scheme applicable. Some of the mutual documents might include Income Certificate, IT Returns for the last two years, Household Savings documents, Property documents, and other asset documents (Affluence) such as Two-wheeler, Four-Wheeler, Washing Machine, Refrigerator, Home theater, AC, TV, Digital/Video camera etc. Some optional documents may include Loan Documents and EMI payment receipts.
Step 4:- Apply for the scholarship post completing the eligibility criteria and documentations. Save the temporary/ permanent ID generated for future reference.
For more details click here IIM Visakhapatnam Cutoff
IIM Visakhapatnam Scholarships FAQs
Ques. What are the scholarships offered at IIM Visakhapatnam?
Ans. There are need based scholarships offered by IIM Visakhapatnam for different categories like SC, ST, minorities and so on.
Ques. What are important documents required for applying at IIM Visakhapatnam Scholarships?
Ans. Some of the important documents related to scholarships at IIM Visakhapatnam include Income Certificate, IT Returns for the last two years, Household Savings documents, Property documents and so on.
Ques. What is AN NSP Portal?
Ans. National Scholarship Portal which allows students to access various scholarship programmes during their years of learning in colleges or schools.
Ques. What is the recent PGP merit based scholarship?
Ans. IIM Visakhapatnam offers PGP Scholarships to 2nd year top 2 students as a fee waiver of an amount up to INR 6 lakhs.
Ques. What is the Financial need score?
Ans. On analyzing the student’s need for financial aid, a financial need score is generated after personal interaction with students. This overall score is called the financial need score.
Ques. What is the eligibility criteria for availing scholarships?
Ans. Students with an annual household income less than INR 5,00,000 lakhs are eligible for IIM Visakhapatnam Scholarships.
Why To Join IIM Visakhapatnam - Reviews & Rating
Most Popular Tags
Likes
- Admission Process was really fast and smooth
- The clubs and committees bring a lot goid competitive opportunities to compete with other colleges like case competition, quizzes, debates etc
Dislikes
- Language issue for those who are not localised or speak Telugu
Loan/ Scholarship Provisions:
Scholarship - All the government scholarship programs can be accessed and can be applied for, institute with different institutes and banks try to bring scholarships for all kinds of students. Financial Assistance - Institute have various assistance program and can be availed as per the criteria. Complete Cost - comes around 19 lacs for the complete program, this includes welfare expenses, food , hostel, academics, library and nothing as to be in name of maintenance everything is included with the fees There is Career Development Service office which deals with placement opportunities for students during the inetnship and final placements companies like Glodmann Sachs, KPMG, Delloite, ICICI Bank, IDFC Bank, GMR Group etc visit campus.
Likes
- Academic excellence- IIM Visakhapatnam offers a comprehensive of challeneging curriculam that blends theoretical and practical knowledge.
- Infrastructure and facilities Modern campus equipped with world class facilities, including smart rooms and advanced computing resources.
Dislikes
- Long streching construction - campus is still in the concstruction
Loan/ Scholarship Provisions:
Fees was around 17 lakh for 2 year course from 2022-24. It is getting increased every year by 8-10 %. Complete cost is around 20 lakh which includes hostel fees and your daily expenses for 2 years. Scholarship is also available. College itself provides scholarship from 10%- 50% on criteria of family requirements. Other scholarships are being provided by Govt. of India and state govts.
Likes
- The Campus and the faculties are one of the best.
- Availability of International Immersion programs
Dislikes
- The vicinity at which the campus is, pretty desolated.
- The food can become monotonous and tasteless.
Loan/ Scholarship Provisions:
The fee skeleton is provided in the very beginning upon registeration process of the Institue, upon receving the offer letter. The total cost is subjected to various factors, currently it was about INR 20 LPA, which can be self-financed or availed through loan. Once the course commences, scholarship opportunities are also floated for meritorious candidates which provide waiver upon successful confoirmation by the authorities. Govenement schemes are covered in it.
Likes
- academic rigor and case based learning with very experienced faculty
- Hostels are very nice with single occupancy for privacy and mess quality and variety of food is good
Dislikes
- there is network issues around the campus for networks like airtel
- location is very far from the main city and cabs and online ordering optios are very less
Loan/ Scholarship Provisions:
The tuition fee always increases per year, there are multiple scholarship options available which are updated on the college email as well the total fee is around 18 lakhs for 2 years which included tuition, hostel, mess study material etc. you are not allowed to work on campuses, however there are various student run committees which you can be a part.
Likes
- Liked whole business immersion like placement, study, presentations, group activity, all fest of college
Dislikes
- Rolling process of placement i kond of dislike. Also college is still underconstruction
Loan/ Scholarship Provisions:
Fee structure is distributed in trimesters each year before each trimester you need to pay the fee. We have 2.75 lakh fee Including mess and hostel fee. There are multiple opportunity to fund aid for your education like state governed Schemes, college governed scheme where the students need to present supported documents of the poverty level and followed by interview for the need.
Likes
- Amazing infrastructure which is surrounded by scenic beauty.
- Well equipped sporty facilities and gym.
Dislikes
- Hectic schedule of classes and other activities.
- Clg is located in remote area hence city is far then the clg
Loan/ Scholarship Provisions:
Tuition fees can be increased during the course. On an average it is increased 10% compared to last year. Complete education cost would be around approx. 22lakhs including personal expenses. There is IIMV financial aid program here and there are few banks wo are offering scholarships. One of the banks is IDFC.
Likes
- Campus beauty, facilities provided, accessibility to different facets like mess, academic block, sports complex, library and vibrance in the campus. Of course, the way it is enveloped with rolling mountains and waking up to sunrise so beautiful.
- The student culture is diversified with people hailing from different backgrounds, cultures and just to interact and learn from them. It is an experience which adds to you only for tomorrow you have to work in an organisation with diverse wokrforce.
Dislikes
- sometimes it is difficult to converse with supporting staff and when we visit the city outside campus as Telugu is not the regional language of many of us here. It does hinder in some way.
- Placements recorded are good however, the ambiguity in job role and description is a major problem which can hinder the start of our corporate journey and impact the path ahead.
Loan/ Scholarship Provisions:
The fee structure is divided into two years as it is a two year program with each year further divided into 3 terms. Each term has a stipulated fee of Rs 293375 with additional cautional deposit of Rs 30000. The amount is a total of various factor expenses like Program Fee, Hostel & Mess Fee, Welfare Activities. The Program fee is Rs 268375 for each term with an additional Hostel & Mess Charge of 25000. As we progressed to the Term1, there was a hike in Hostel & Mess charges owing to the fact that IIM Vizag is still under construction with major portion of the already reduced budget allocated towards it. So in order to maintain the existing quality of food and Ac services, an additional charge of Rs 7500 was levied for each term. The total fee structure now stands at INR 19lac. However, the course offers scholarships in lieu of merit and financial assitance. A merit scholarship of INR 6lac is offered to batch topper in 2nd year and anybody with family income of below INR 5 lac is given
Likes
- I like the campus of IIM Visakhapatnam, it has one of the best hostels with state of the art infrastructure which makes our life very comfortable and gives us the environment so that we should freely focus on our curriculum and development.
- The college scenic beauty, because our college is situated outside the city and the mountains are surrounding the campus from all the three sides and thus the campus presents a very beautiful and eye-catching image which lives in memory forever.
Dislikes
- The campus is still under construction and still it lacks in some of the basic facilities, which will be provided to the future batches of the college, like properly constructed auditorium, library and different rooms for clubs and committees.
- The student immersion program is still not operational so the students lacks in International exposure and thus the students of our college are not able to get the exposure of the foreign universities, which students of different IIM are having.
Loan/ Scholarship Provisions:
The fee structure of IIMV is simple and can be divided into four heads namely Program Fees:- 260000 (approx) per trimester Advance mess and other charges:- around Rs.25000 per trimester. Student welfare activities:- Rs.20000 per trimester. Which sums up to a total of Rs.290000 per trimester. Additionally, tuition fees increase almost every year, although it is not compulsory, but generally, increase. It's worth noting that there are scholarships available for students for financial assistance. The first one is the "IIMV merit"-based scholarship which is a waiver of tuition fees for the second year based on the cumulative scores of the first year. It is awarded to the top two students of the first year. There is also "Financial Aid" awarded to eligible students who have an annual household income of a maximum of Rs. 500000. After fulfilling the eligibility criteria, a Personal Interview will take place, and based on that around 8% of students will get the benefit of this scheme.
Likes
- The faculty and way of teaching.
- The campus is green. It's in between hills which upscales its beauty.
Dislikes
- The Campus is still under construction means we can't see everything in it .
- There's no good market nearby. It's about 10km away from here
Loan/ Scholarship Provisions:
The fee structure is just like other IIMs. It's about 18L for 2 years. But no worry about high fees as one can easily get an educational loan by just showing the offer letter of the institution. There are many scholarship options including ML and DML.
Likes
- The smooth admission process which helped us students to onboard easily
- The Student Affairs Council which shows how much the college is run by students
Dislikes
- Language Barrier with the locals in Visakahpatnam
Loan/ Scholarship Provisions:
There is no fees hike as of now There are numerous opportunities for students, especially from the Economically Weaker Sections (EWS) category. Other than that the institute provides a merit-based scholarship for the academic topper in the first year.
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Comments
2 Comments
IIM Visakhapatnam Admission is based on tests like CAT/GMAT. Candidates who have not yet appeared for these exams can appear for institute-conducted exams like the IIMV test and EMAT. IIM Visakhapatnam offers MBA, MBA for working professionals, and Ph.D. courses. The overall CAT cut-off is 82 percentile (Overall) and 70 percentile (Sectional) is required for admission into IIM Visakhapatnam MBA. Other parameters like the Personal Interview, academic performance, work experience, and gender diversity are considered for the final selection.
Yes, IIM Vishakapatnam provides 100% scholarships to the students. However, the percentage of students remains very low around 2%. So, your chances of getting scholarship is very low. 6% of the students receive 25% of the financial aid as a tuition fee waiver.