| Scholarship Name | MBA Scholarship Options in India |
| Eligibility | Graduation and Studying in MBA College |
| Mode | Online and Offline |
| Scholarship Amount | Above INR 1 LPA |
| Expectations | Academic grades, backward classes (ST/SC), specially-abled aspirants, religious minorities etc. |
The below-mentioned scholarships are some of the leading options for MBA aspirants:
| Scholarships | Eligibility | |||
| Merit Cum Means Scholarship for Professional and Technical Programmes CS (Minorities) | For: minority communities
| |||
| IDFC FIRST Bank MBA Scholarship |
| |||
| T. Thomas Scholarship (IIM Ahmedabad) |
| |||
| Scholarship for SC/ST candidates (IIM Ahmedabad) |  PG students belonging to the SC/ST Category will be awarded INR 150 every month | |||
| OP Jindal Engineering and Management Scholarships (OPJEMS) |
| |||
| IIM Ahmedabad MBA Scholarships |
| |||
| IIM Lucknow MBA Scholarship |
| |||
Getting financial help from leading business schools and other platforms like banks allows a student to complete their management courses. Listed below are some of the most renowned MBA financial help provided in India.
Offered by UGC, Ministry of HRD, this scholarship is given to students belonging to SC/ST enrolling for professional programmes at the PG level.
Eligibility Criteria:
An applicant must belong to a reserved category.
Applicant must be in the 1styear of the professional program at PG level.
An applicant must be studying in any of the following universities/institutions/colleges:
Educational institutes comes under 2(f) & and 12(B) of UGC Act
Institutions/universities/colleges financially aided by the State or Central Government
Deemed universities fall under Sec 3 of the UGC Act, 1956, and are eligible to obtain grants-in-aid from UGC
Scholarship Amount:
For MBA Students: INR 45,000 per month
The scholarship will be transferred via DBT or Direct Benefit Transfer
Also read– Pay after Placement mba
Provided by BML Munjal University, an initiative of Hero Group, the scholarship MBA students benefit up to 100% in the tuition fees, depending on their scores obtained in entrance exams, including CAT, XAT, or GMAT.
Eligibility Criteria:
Scholarship Amount:
The scholarship will be rewarded on the basis of % scored in the entrance exam, as mentioned above. Here is a complete look:
| Based on the CAT percentile | Based on the XAT percentile |
| 95th percentile: tuition fee (100%)+ free food + free accommodation | 750 score: complete the tuition fee+ free accommodation+ free food |
| 90th-94th percentile: 75% of the tuition fee | 700 score: 75% of the tuition fee |
| 85th to 89.9th percentile: half of the tuition fee | 670 score: half of the tuition fee |
This scholarship is given to meritorious students, belonging to the General Category, who are in the 1st year of their Engineering, MBBS/Master in Geology course, or MBA.
Eligibility Criteria:
Students from the General category are eligible for a scholarship
Applicant must be studying in the first year of the above-mentioned course.
He/she must obtain a minimum of 60% aggregate of relevant CGPA in 10+2 and graduation.
Student family income must be no more than INR 2 lakhs/annually.
He/she must not be older than 30 years of age.
Scholarship Amount:
Selected scholars will be awarded with INR 48,000/annually or about INR 4,000/monthly.
Offered by the Ministry of Minority Affairs, the scholarship is especially for minority applicants enrolling for technical and professional programmes at the undergraduate or postgraduate level. The objective of this financial aid is to impart financial help to underprivileged and talented students.
Eligibility Criteria:
He/she must be from minority community.
Applicants must be doing a professional or technical programme at UG or PG level.
He/she must have obtained a minimum of 50% marks or relevant in the qualifying exam.
Student family income should not exceed INR 2.50 Lac/annually.
Admission is offered based on the entrance exam.
In case of direct admission, an applicant must have obtained at least 50% in their 10+2.
Scholarship Amount:
For Day Scholars and Hosts: INR 2oK/annually or actual, whichever is less
For hostellers (maintenance allowance): INR 1k/monthly for ten months in an academic period.
For day scholars (maintenance allowance): INR 500/month for ten months in an academic period.
IIMs are the sought-after business institutes in India. Various rewards and scholarships are offered by them, which include the following:
1-Aid-based IIML Scholarships
Eligibility Criteria and Reward Amount:
Student family annual income comes under the limit of INR 1.5k
Reward based on the merit
The reward includes: tuition fees
2-Bharti Scholarship
Eligibility Criteria and Reward Amount:
The applicant’s family income should not be more than INR 1,80,000/per annum
Validity for both the years of PGP.
Scholarship amount: INR 50,000/annually
3-Industry Sponsored Scholarships
Eligibility Criteria and Reward Amount:
Rewards are given at the last of every academic yearMerit-based selectionScholarship amounts range between 6,000 – 1 lakh/annually.1-Scholarship for reserved category candidates
Eligibility and Scholarship Amount:
For PG students from the SC or ST category
Reward: INR 150/monthly basis
2-IIMA Special Needs Scholarship
Eligibility and Scholarship Amount:
PG aspirant family income is below INR 15 Lakh
Reward on the basis of the applicant’s financial status, and other elements.
3-Thomas Scholarship
Eligibility Criteria and Scholarship Amount:
Offered to a 2ndyear student
Reward on the basis of merit.
1-Citi Women’s Leader Award
Eligibility Criteria and Reward:
Provided to students in the second year.
Reward covers tuition expenses
Selection is based on the Citi Group
2-IIMB Financial Aid
Eligibility Criteria and Scholarship Amount:
PGP students are eligible
Their family income should be below INR 6 Lakh
Students with serious financial crises are also eligible
3-IIMB PGP Alumni First Batch (1976) Scholarship
Eligibility Criteria and Scholarship Amount:
PGD students are considered for scholarships.
The reward amount is INR 75k along with a certificate and a medal
Students who are eligible for MBA scholarships can visit the official portal of the scholarship to apply. They will have to fill out the respective application form online. Here is a step-by-step information for MBA scholarships:
To start, open the official website of the National Scholarships Portal.
Go through the guidelines on the official portal before you start registering.
Next, pick the scholarship type you’re eligible for
Afterward, fill out the requested information and details
Remember to submit the essential scanned copies of the documents asked for
Next, tap on the register option
Lastly, download and keep an application form copy for future reference.
Also read– MBA Admission 2024
Here is a list:
Applicant’s passport-size photographs
Academic proofs: 10, 12th, gradation mark sheet
Bank passbook scan (the first page)
ID Proof
Residential proof
Income proof of the parents
Birth proof duly signed by a recognized revenue officer
Caste certified, if required, duly signed by a recognized revenue officer
These include the IDFC First Bank Scholarship, Merit cum Means Scholarship for Professional and Technical Courses, BML Munjal Scholarship, and others.
On average, an applicant is awarded Rs 1 lakh as an MBA scholarship in Indian institutes.
Numerous government scholarships given on the basis of merit are available like PG Merit Scholarship for University Toppers, and various others.
Absolutely yes! This university provides 100% ease in the tuition fee for MBA courses depending on scores in the entrance exam.
| MBA Colleges By Cities | |
| M.B.A Colleges in Bangalore | MBA Colleges in Delhi |
| MBA Colleges in Hyderabad | MBA Colleges in Bhopal |
| MBA Colleges in Pune | MBA Colleges in Kolkata |
| MBA Colleges in Mumbai | MBA Colleges in Indore |
| MBA Colleges in Chennai | MBA Colleges in Jaipur |
