IIM Indore Admission 2027: Merit, need-based scholarships explained

The Indian Institute of Management (IIM) Indore offers need-based financial assistance and merit-based scholarships to students enrolling in its management programmes. IIM Indore also helps students apply for scholarships offered by central and state governments.

The institute will conduct the Common Admission Test (CAT) 2026 on November 29 for admission to its Master of Business Administration (MBA) programmes. Candidates who are interested in management courses at IIM Indore can check the eligibility criteria for financial assistance and scholarships.

In addition to need-based financial aid, students can apply for merit-based and merit-cum-need-based scholarships, depending on the eligibility criteria and selection process.

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IIM Indore financial aid eligibility

IIM Indore's Need-Based Financial Assistance (NBFA) scheme allows students who have taken admission to the Post Graduate Programme in Management (PGP), Post Graduate Programme in Human Resource Management (PGPH) and Integrated Programme in Management (IPM) and whose annual family income is below Rs 12 lakh, to apply for financial help.

Students who applied under the Economically Weaker Section (EWS) quota but got admission through the general or another quota can also apply for the NBFA scheme. Those under the Scheduled Caste (SC), Scheduled Tribe (ST), Other Backward Class (OBC), or persons with disabilities categories can apply only if they meet the income eligibility criteria.

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IIM Indore scholarships, award

Students can apply for scholarships which are offered by private organisations, along with central and state governments. Some of the major scholarships are:

Aditya Birla Group Scholarship: The scholarship is awarded to one or two academically outstanding first-year students. The Aditya Birla Group selects students through personal interviews. To renew the scholarship in the second year, students must rank among the top 25 students based on their first-year cumulative grade point average (CGPA).

OPJEMS Scholarship: This scholarship is offered by the OP Jindal Group. Second-year students who rank among the top 20 based on their first-year CGPA can apply. The selection process involves a written test and a personal interview.

IDFC FIRST Bank MBA Scholarship: This need-based scholarship provides financial support to students who are studying a two-year, full-time MBA programme.

Rajarshee Shahu Maharaj Scholarship: The Maharashtra government offers this scholarship to eligible SC students from the state. The scheme gives full reimbursement of the tuition fees.

Central Sector Scholarship for ST Students: Offered by the Ministry of Tribal Affairs, Government of India, the scheme helps eligible ST students depending on parents’ income. The expenses covered include tuition fees, other non-refundable charges, lodging and boarding, books and stationery.

Citi Women's Leader Award: The award recognises women students who have leadership qualities. Selection is done through interviews conducted by Citi and the statements of purpose shared by candidates.

IDFC FIRST Bank MBA Scholarship: This scholarship is a need-based scholarship that supports two years of full-time MBA studies.

The Madhya Pradesh government also offers various other scholarships to students who are pursuing school, undergraduate, postgraduate and doctoral studies. Students can visit the official government websites for eligibility and application details.