The Indian Institute of Management Visakhapatnam (IIM Visakhapatnam), often referred to as IIM Vizag, has recently announced a new merit-based scholarship for PGP students. The top two performers in the PGP batch's second year can receive up to INR 5 lakh per student. The initiative aims to alleviate any financial constraints that may hinder students' intensive learning process. Below is a comprehensive guide to the scholarships offered, eligibility criteria, required documents, and the application process at IIM Visakhapatnam.
IIM Visakhapatnam Scholarships Offered
IIM Visakhapatnam offers a range of scholarships to students. Below is a table summarising the financial aid statistics in recent years:
In addition to these, IIM Visakhapatnam also provides external scholarships. The table below exhibits the summary of external scholarships awarded to IIM Visakhapatnam students:
IIM Visakhapatnam Scholarship Types
The scholarships provided by IIM Visakhapatnam are listed below:
| Scholarship Name | Eligibility | Coverage |
| Ministry of Tribal Affairs Scholarship (ST) | ST students of PGP first year | Covers tuition expenses fully |
| Ministry of Social Justice and Empowerment Scholarship (SC) | SC students of PGP first year | Covers tuition expenses fully |
| Department of Persons with Disabilities (PwD) Scholarship | Applicants with a disability certificate verifying a disability not less than 40% | Award amount INR 2,55,000 per annum |
IIM Visakhapatnam Scholarship Eligibility and Procedure
Eligibility for a scholarship at IIM Visakhapatnam requires PGP students to have an annual household income less than INR 5,00,000. The Financial Aid Committee determines the number of awardees and the amount of financial aid. This is a two-step process, including scoring students based on educational qualifications, work experience, annual gross household income, household savings, real estate assets, and other assets. Following this, students are called for an interview with a faculty panel to assess the need for financial aid. The overall weighted average of these scores will determine the scholarship amount.
IIM Visakhapatnam Required Documents
When applying for financial aid, certain key documents are necessary. Here is a list of those:
| IT Returns for the last two years | Income Certificate for the immediately preceding financial year |
| Household Savings documents | Property documents |
| Loan Documents (if any) | EMI payment receipts (if any) |
IIM Visakhapatnam Application Process
The application process for scholarships at IIM Visakhapatnam involves the following steps:
| Steps | Procedure |
| Step 1 | Visit the official link where you wish to apply for financial aid. This could be the IIM Visakhapatnam website or the NSP Portal i.e., https://scholarships.gov.in/ |
| Step 2 | Look out for the live scholarship programmes at the visited portal. |
| Step 3 | Gather the required documents for the applicable scholarship scheme. |
| Step 4 | Apply for the scholarship after meeting the eligibility criteria and documentations. Save the generated temporary/ permanent ID for future reference. |
IIM Visakhapatnam Scholarships FAQs
Does IIM Visakhapatnam provide scholarships to PGP students?
Yes, IIM Visakhapatnam offers both merit-based and need-based scholarships to PGP students.
What is the recently introduced merit-based scholarship at IIM Visakhapatnam?
The top two performers in the second year of the PGP batch can receive up to INR 6 lakh each.
What is the minimum income requirement for applying for financial aid at IIM Vizag?
Students with an annual household income of less than INR 5 lakh are eligible to apply.
Who decides the number of awardees and aid amount for scholarships?
The Financial Aid Committee of IIM Visakhapatnam evaluates applications and determines the award.
Which external scholarships are available to IIM Visakhapatnam students?
External scholarships include those from the Ministry of Tribal Affairs (ST), Ministry of Social Justice and Empowerment (SC), and Department of Persons with Disabilities (PwD).
What is the coverage of ST and SC scholarships?
Both ST and SC scholarships cover full tuition fees for first-year PGP students.
How much is offered under the PwD scholarship?
PwD students receive INR 2,55,000 per annum.
What documents are required to apply for IIM Vizag scholarships?
Students need IT returns (last two years), income certificate, savings details, property papers, loan documents, and EMI receipts.
How is the scholarship selection process conducted?
It involves two stages – scoring based on income/assets/experience, followed by an interview with a faculty panel.
Where can students apply for these scholarships?
Applications can be made through the official IIM Visakhapatnam website or the National Scholarship Portal (NSP).
