IBS Kolkata offers scholarships to high-performing students in the IBSAT test. The IBS Kolkata scholarships are for students applying to the PGPM program who have cleared the IBSAT test. The ICFAI Business School Kolkata scholarships reward academic achievement and provide much-needed financial aid to deserving students.
IBS Kolkata offers 500 merit scholarships, each valued at INR 2,00,000. Each scholarship can be adjusted against the PGPM program fee in two instalments of INR 1,00,000 each, in the first and second terms.
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IBS Kolkata Scholarships
IBS Kolkata offers scholarships to PGPM students who have performed well in the IBSAT 2025 exam held on December 27 and 28. The scholarships are available for wards of Defence personnel (serving or retired from the Army, Air Force, Navy and Paramilitary forces), wards of IBS alumni and physically challenged candidates. A total of 500 scholarships of INR 2 lakh each are offered for the Class of 2028.
The IBS Kolkata scholarship amount is adjusted as INR 1 lakh in the first term fee and INR 1 lakh in the second term fee. Only candidates who appeared for IBSAT 2025 on December 27 and 28 are eligible. IBSAT-exempted candidates and new applicants who did not take the exam are not eligible.
| Scholarship Category | Eligibility |
| For Toppers in IBSAT | Candidates who secure top ranks in IBSAT 2025 |
| For Wards of IBS Alumni | Children of IBS alumni applying for the MBA/PGPM program |
| For Physically Challenged Candidates | Candidates with physical disabilities applying for MBA/PGPM program |
| For Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy and Paramilitary Forces | Children of in-service or retired defence personnel from these forces applying for PGPM program |
IBS Kolkata Scholarship Terms and Conditions
To avail IBS Kolkata scholarships, candidates must adhere to the following terms and conditions:
| Eligibility Criteria | Condition |
| Scholarship Eligibility | Scholarships will only be offered to candidates who have appeared for the IBSAT-2024 test and have successfully qualified. |
| Admission and Registration | Students must complete the admission process, pay the requisite admission fee, and register on the specified date to be eligible for the scholarship. |
| Applicability | The awarded IBS Kolkata scholarship amount can be adjusted solely against the program fee and payment and cannot be utilised for any other purposes or fees. |
| Withdrawal Policy | In the event of a student's withdrawal from the program for any reason, any applicable fee refunds will be calculated after deducting the scholarship sum granted earlier. |
IBS Kolkata Scholarship FAQs
What scholarships are offered by IBS Kolkata for PGPM students?
IBS Kolkata scholarships are offered to PGPM students who perform well in the IBSAT exam. These scholarships are merit-based and aim to support students financially at ICFAI Business School Kolkata.
How many scholarships does IBS Kolkata offer?
IBS Kolkata offers 500 scholarships, each worth INR 2,00,000, for eligible PGPM students who appeared for IBSAT.
What is the IBS Kolkata scholarship amount for selected students?
The IBS Kolkata scholarship amount is INR 2 lakh per student, which is adjusted in two parts, INR 1 lakh in the first term and INR 1 lakh in the second term program fee.
Who is eligible for IBS Kolkata scholarships through IBSAT?
IBS Kolkata scholarships are available to candidates who appeared for IBSAT held on December 27 and 28, and fall under eligible categories like toppers, wards of defence personnel, wards of IBS alumni, or physically challenged candidates.
Are wards of defence personnel eligible for IBS Kolkata scholarships?
Yes, the IBS Kolkata scholarship is available for wards of serving or retired defence personnel from the Army, Air Force, Navy, and Paramilitary forces applying for the PGPM program.
Can wards of IBS alumni apply for IBS Kolkata scholarships?
Yes, IBS Kolkata scholarships are open to children of IBS alumni who are applying for the PGPM program and have appeared for the IBSAT exam.
Are physically challenged candidates eligible for IBS Kolkata scholarships?
Yes, physically challenged candidates applying for the PGPM program and meeting IBSAT eligibility can apply for the IBS Kolkata scholarship.
Is appearing for IBSAT compulsory for IBS Kolkata scholarship eligibility?
Yes, to receive IBS Kolkata scholarships, candidates must have appeared for the IBSAT exam. IBSAT-exempted candidates are not eligible for the scholarship.
How is the IBS Kolkata scholarship amount adjusted in the fee?
The IBS Kolkata scholarship amount is adjusted only against the PGPM program fee, with INR 1 lakh deducted in the first term and INR 1 lakh in the second term.
What happens to the IBS Kolkata scholarship if a student withdraws from the program?
If a student withdraws from the PGPM program, IBS Kolkata will calculate any fee refund after deducting the scholarship amount already given, as per the scholarship rules.