There are several scholarships out there for MBA students. As a part of the scholarships series, we will bring to you some articles about institute-specific scholarships. This week, it is IIM Indore.
In a community where people say "It's only A, B or C!", IIM Indore has secured its position as one of the top b-schools of the country.
Its geographical proximity to the fastest growing industrial belt of India and the Special Economic Zones (SEZs) allows students to have a great exposure to industries. Here are a few scholarships you can avail of if you've got the life-changing email.
Need-based Financial Assistance (NBFA)
The PGP Executive Committee and NBFA Committee reserve the right to award the Need Based Financial Assistance. It is awarded to students whose gross annual family income didn't exceed INR 4,50,000 in the previous year. The scholarship amount is based on the income slab of the candidate's family.
|Income of Parents in the previous year||Reimbursement provided|
|Upto 1,50,000||75% of tuition fee|
|Above INR 1,50,000 and upto 2,00,000||50% of tuition fee|
|Above INR 3,00,000 and upto 4,50,000||25% of tuition fee|
The application form for the same can be downloaded here.
Central Government Scholarships:
Central Sector Scholarship for SC/ST Students
This scholarship is awarded to students whose parents’ annual income in the previous financial year is less than INR 4,50,000. It covers tuition fee, other non-refundable charges, lodging & boarding charges, books & stationery charges, the cost of IT equipment for the first year by means of reimbursement.
Minority Welfare Scholarship (Merit-cum-Means):
This scholarship is awarded by the Ministry of Minority Affairs, Govt. of India to those students whose family income does not exceed INR 2,50,000 per annum.
You can apply for both the above-mentioned scholarships by visiting here.
Aditya Birla Scholarship
This scholarship is awarded to academically strong students in the first year, and they can continue receiving it in the second year as well if they are among the top 25 students as per the CGPA for the first year. 1 or 2 students may receive this scholarship. The amount received will be INR 1,75,000 per year.
Top 20 students from the second year based on the CGPA of their first year are eligible to apply for this scholarship. They are required to clear a written test and sit for a personal interview. 1 or 2 students may receive this scholarship. The amount received will be INR 1,25,000.
State Bank Of India Scholarship
This is a merit-based scholarship provided by the SBI on a yearly basis, provided there is a student who qualifies for it. The amount given is INR 1,50,000.
This is a merit-based scholarship awarded for the sum of INR 50,000 every year to a deserving student.