At IIM Indore, a diverse range of financial assistance options is available for students from low-income families. Apart from the institute's Need-Based Financial Assistance (NBFA) scheme, numerous scholarships are hosted by both the Government of India and various industries or corporations. Let's explore the different types of financial support options available at IIM Indore.
IIM Need-Based Financial Assistance (NBFA)
The PGP Executive Committee and the NBFA Committee spearhead IIM Indore's NBFA scholarships. These scholarships are dedicated to students whose gross family income doesn't exceed INR 4,50,000 in the preceding year. The financial aid allocated to students varies according to their family income:
| Family Income in Previous Year (in INR) | Reimbursement Provided |
| <= 1,50,000 | 75% of tuition fee |
| 1,50,000 - 2,00,000 | 50% of tuition fee |
| 3,00,000 - 4,50,000 | 25% of tuition fee |
IIM Indore Scholarships Offered by the Central Government of India
The Central Government of India offers several scholarships specifically designed for students from specific backgrounds, including the Central Sector Scholarship for SC/ST Students and the Minority Welfare Scholarship (Merit-cum-Means).
The Central Sector Scholarship is available for SC/ST students whose gross family income in the previous financial year was less than INR 4,50,000. This scholarship covers significant expenses including tuition fees, non-refundable charges, lodging and boarding charges, books and stationery charges, and the cost of IT equipment for the first year.
The Minority Welfare Scholarship is a merit-based financial aid provided by the Ministry of Minority Affairs, Govt. of India. This scholarship is allocated to students whose family income doesn't exceed INR 2,50,000 per annum.
IIM Indore Industrial Scholarships
In addition to the NBFA and government scholarships, several industries also offer financial assistance. Some of the key industrial scholarships include the Aditya Birla Scholarships, OPJEMS Scholarships, State Bank of India Scholarships, and Eicher Scholarships.
| Scholarship Name | Eligibility | Reimbursement Amount |
| Aditya Birla Scholarships | Top performers from the 1st year | INR 1,75,000 |
| OPJEMS Scholarships | Top 20 students from the 2nd year | INR 1,25,000 |
| State Bank of India Scholarships | Merit-based | INR 1,50,000 |
| Eicher Scholarships | Merit-based | INR 50,000 |