The total fee for the PGP at the Indian Institute of Management Lucknow is roughly INR 20.75 lakh for the 2026-28 batch. That figure looks steep, but financial help is also available. The IIM Lucknow scholarship options include need-based aid, merit awards, corporate sponsorships, government schemes, and doctoral fellowships. The institute also runs its own need-based and merit-based schemes. The monetary benefits differ by scheme. Need-based aid ranges from a partial to a full fee waiver, while merit awards are around INR 30,000 per year. Corporate awards typically fall between INR 1.5 lakh and INR 2 lakh per year.
The Top Class Education scheme for SC students covers tuition along with an INR 86,000 allowance in the first year. Doctoral scholars in the fellowship programme receive a stipend of INR 35,000 to INR 40,000 per month. Eligibility varies with the scheme. Family income, CGPA, social category, and programme of study all decide who qualifies.
Table of Contents
- IIM Lucknow Scholarship: Need Based
- IIM Lucknow Scholarship: Merit Based
- IIM Lucknow Scholarship: Corporate and Industry Awards
- IIM Lucknow Scholarship: Government Schemes
- IIM Lucknow Fellowships
- How to Apply for IIM Lucknow Scholarship
- Documents Required for IIM Lucknow Scholarship
- IIM Lucknow Scholarship FAQs
IIM Lucknow Scholarship: Need Based
The need-based IIM Lucknow scholarship is a fee remission for full-time PGP, PGP-ABM, and PGP-SM students whose gross annual family income is within the institute's limit. INR 8 lakh per annum is the commonly cited ceiling. The final criteria are announced by the institute after admissions.
Income is counted across self, parents, and spouse. It is open to every category. Past family earnings, assets, and any education loan burden are assessed alongside income. The award runs for one year with no automatic renewal. Money is applied term by term against fee invoices, and continued disbursal depends on meeting the academic requirements of each term.
The table below summarises the need-based scholarship at IIM Lucknow.
| Scholarship Type | Eligibility | Benefit |
| IIML Need-Based Financial Aid | Full-time PGP, PGP-ABM, and PGP-SM students; gross annual family income up to INR 8 lakh; all categories | Partial to full fee waiver, applied term-wise against fee invoices for one year |
IIM Lucknow Scholarship: Merit Based
IIML merit scholarships go to top academic performers in PGP Year 1 and Year 2, ranked by CGPA. The award is about INR 30,000 per year. Family income does not matter here, so students who miss out on need-based aid can still qualify through grades. The grading scale runs on a ten-point system.
Students who consistently score A grades can improve their CGPA and chances of getting a scholarship. They must also maintain the required academic performance. The institute awards medals to the top three graduating students, but these are awards and do not provide financial assistance.
The table below lists the merit-based IIM Lucknow scholarship details.
| Scholarship Type | Eligibility | Benefit |
| IIML Merit Scholarship (PGP Year 1) | Top CGPA performers in the first year | INR 30,000 per year, subject to academic standing |
| IIML Merit Scholarship (PGP Year 2) | Top CGPA performers in the second year | INR 30,000 per year, subject to academic standing |
IIM Lucknow Scholarship: Corporate and Industry Awards
Corporate and industry awards pay the most among the non-government options, typically INR 1.5 lakh to INR 2 lakh per year. These are external scholarships funded by business groups and banks. Students compete on academic history, and some awards add an essay or a test. Well-known examples include the Aditya Birla Scholarship, the OP Jindal Engineering & Management Scholarship (OPJEMS), and the IDFC First Bank scholarship.
Selection sits entirely with the sponsor. Some awards go only to the top-ranked students from the first year, so early academic performance matters. Amounts, seats, and deadlines change from year to year, so sponsor notices should be checked after joining.
The following table covers the corporate awards open to IIM Lucknow MBA students.
| Scholarship Type | Eligibility | Benefit |
| Aditya Birla Scholarship | Meritorious PGP students; selected by the sponsor group | Around INR 1.5–2 lakh per year |
| OP Jindal (OPJEMS) | Top academic performers; sponsor-run selection | Around INR 1.5–2 lakh per year |
| IDFC First Bank Scholarship | Academic history and essay-based evaluation | Around INR 1.5–2 lakh per year |
IIM Lucknow Scholarship: Government Schemes
Students at IIML can apply for central and state government scholarships, and the National Scholarship Portal (NSP) at scholarships.gov.in is the main gateway. The institute itself points students to NSP and to respective state portals for these schemes. The most relevant example is the Top Class Education Scheme for SC students.
It requires a family income up to INR 8 lakh and covers full tuition and non-refundable charges. It adds an academic allowance of INR 86,000 in the first year and INR 41,000 in each later year. Payments arrive by Direct Benefit Transfer, and a INR 2 lakh annual cap on fees applies to private institutions.
Fresh awards go only to first-year students. For 2026–27, applications on NSP close on 31 October 2026. Other routes exist too. PwD students with a benchmark disability of at least 40% can use a Ministry of Social Justice and Empowerment scheme. State governments run scholarships for SC, ST, OBC, and EWS students, and criteria vary widely by state.
The institute's policy states that no student can avail more than one scholarship. Confirming with the Student Affairs Office how an NSP award interacts with institute aid is a sensible step. The table below lists government scholarship examples for IIM Lucknow students.
| Scholarship Type | Eligibility | Benefit |
| Top Class Education Scheme (SC) via NSP | SC students; family income up to INR 8 lakh; first-year admission to a notified institute | Full tuition and non-refundable charges, plus INR 86,000 in Year 1 and INR 41,000 later |
| PwD Scholarship Scheme | Persons with benchmark disability (40% or more) with a valid certificate | Financial support as per scheme norms |
| State Government Scholarships | State-specific category and income rules (SC, ST, OBC, EWS) | Fee reimbursement or allowances, varying by state |
IIM Lucknow Fellowships
IIM Lucknow fellowships apply to the Fellow Programme in Management (FPM/PhD), not to the MBA. Full-time scholars receive a 100% tuition and hostel fee waiver. A monthly stipend of INR 35,000 applies in the first two years and rises to INR 40,000 in the third and fourth years. Contingency grants cover research-related costs.
The table below outlines the FPM fellowship at IIM Lucknow.
| Fellowship | Eligibility | Benefit |
| FPM (PhD) Fellowship | Full-time FPM scholars admitted to IIML | 100% tuition and hostel waiver, INR 35,000–INR 40,000 monthly stipend, contingency grants |
How to Apply for IIM Lucknow Scholarship
Applying for the need-based scholarship at IIML happens on campus during Term I, after the offer is accepted. Financial aid applications open only once IIM Lucknow admission is confirmed and registration is complete.
The steps follow this order:
- Accept the offer and register: Complete the admission formalities and Term I registration. The aid window opens shortly after arrival on campus.
- Fill in the online form: Log in to the NBFA portal on the campus intranet. Enter family income, asset declarations, parents' occupations, and education loan details.
- Upload the financial proofs: Scanned copies of all required documents go on the portal.
- Submit the hard copy: Print the generated form and attach the annexures, declarations, and notarized affidavit. Submit the dossier to the Student Affairs & Hostels (SA&H) Office before the deadline.
- Go through verification: The Financial Aid Committee checks income tax records and bank statements. A short personal interaction may follow.
- Receive the award: Approved aid appears as a fee remission against later term invoices.
Government scholarships follow a separate path. Applications go directly through NSP within the announced window, and the institute then verifies them. Corporate awards are applied for as per each sponsor's notice.
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Documents Required for IIM Lucknow Scholarship
The following documents are needed for the IIM Lucknow scholarship under the need-based aid process. Original certificates and notarized copies should be ready before the deadline.
| Financial Documents | Identity and Declaration Documents |
| Annual family income certificate from the Tehsildar/SDM | Signed Income Declaration (Annexure I) |
| Last 2 financial years' ITR, Form-16, or pay slips of both parents/guardians | Notarized affidavit on non-judicial stamp paper for income and assets (Annexure II) |
| Bank statements for the last 12 months for all family accounts | Valid Category, EWS, or PwD certificate, if applicable |
| Education loan sanction letter and disbursement schedule, if a loan was taken | Aadhaar and PAN cards of the student and parents |
IIM Lucknow Scholarship FAQs
Does IIM Lucknow offer a scholarship for MBA students?
Yes. The IIM Lucknow scholarship for MBA students includes need-based aid, merit awards, and corporate scholarships. Government schemes are also available through NSP.
What is the income limit for the need-based scholarship at IIML?
The commonly cited limit is a gross annual family income of up to INR 8 lakh. The institute announces the final eligibility and disbursal criteria after admissions.
Can the need-based scholarship be renewed automatically?
No. The award is valid for one year with no automatic renewal, and a fresh application is needed for the next year.
Can SC students apply for a government scholarship at IIM Lucknow?
Yes. SC students with family income up to INR 8 lakh can apply for the Top Class Education Scheme on NSP. The 2026–27 window closes on 31 October 2026.
How much stipend do IIM Lucknow doctoral scholars receive?
FPM scholars receive INR 35,000 per month in the first two years and INR 40,000 per month in years three and four. They also get a full tuition and hostel waiver.
