The Indian Statistical Institute - [ISIBC] in Bangalore, Karnataka, stands out for its robust commitment to supporting deserving students through a distinctive system of scholarships, financial aid, and fee waivers. Rather than traditional merit and need categories, most ISIBC students benefit from stipends, fee exemptions, and other direct financial support throughout their academic journey. The scholarships and aids are available to undergraduate, postgraduate, and doctoral students enrolled at the Bangalore campus, making high-quality education more accessible and equitable for aspiring statisticians, mathematicians, and data scientists.
- Indian Statistical Institute - [ISIBC] Scholarships Overview
- Indian Statistical Institute - [ISIBC] Eligibility
- Indian Statistical Institute - [ISIBC] Required Documents
- Indian Statistical Institute - [ISIBC] Application Process
- Indian Statistical Institute - [ISIBC] Scholarship Details
- Indian Statistical Institute - [ISIBC] Additional Notes
Indian Statistical Institute - [ISIBC] Scholarships Overview
Scholarships and aids at ISIBC Bangalore are designed to ensure that students face minimal financial barriers during their studies. The major benefits include complete tuition fee waivers, monthly stipends, and annual contingency grants. Support comes in several forms:
Merit-based stipends (awarded based on performance in ISI entrance tests and ongoing academic achievement)
Need-based financial support through external government schemes (where eligible)
Recognition of external fellowships like INSPIRE and KVPY
Indian Statistical Institute - [ISIBC] Eligibility
Eligibility for scholarships and stipends at ISIBC is anchored in strict academic and, in some cases, financial criteria. Entrance to degree programs is competitive, requiring high scores in national-level tests like CUET or the ISI entrance exam, often with a minimum of 75% in Class 12 for undergraduate admissions. Stipends require continued satisfactory performance, such as maintaining over 60% marks each semester for certain enhanced benefits. Income-based external aid (like NSP) applies general government thresholds (e.g., family income below ₹4.5 lakh per annum) and category-specific eligibility when relevant.
Indian Statistical Institute - [ISIBC] Required Documents
To process scholarship and stipend requests, ISIBC requires verified documentation demonstrating academic credentials and, where applicable, income or special category status.
Academic mark sheets / scorecards
Income certificate / IT returns
Domicile certificate (if applicable)
Sports certificates (if applicable)
Category certificate (where relevant)
Indian Statistical Institute - [ISIBC] Application Process
Most ISIBC financial support is automatic upon admission and does not require a separate application. Students must ensure submission of all required documents during the admissions process or at designated verification windows. Applications for external scholarships (e.g., NSP, INSPIRE) follow their specific online portals, generally coinciding with the start of the academic year. Adherence to official deadlines and accurate paperwork is crucial to secure benefits.
Indian Statistical Institute - [ISIBC] Scholarship Details
The following table summarizes the major scholarships, stipends, and financial supports available specifically at ISIBC Bangalore. Actual disbursal depends on eligibility verification, satisfactory progress, and standard Institute regulations.
Scholarship Name | Eligibility Criteria | Benefit | Notes (if any) |
ISI Institute Stipend (Bachelor’s) | Enrolled in UG program; satisfactory progress per semester | INR 3,000/month stipend
INR 3,000/year contingency grant
No tuition fees | Maintaining good academic standing is required |
ISI Institute Stipend (Master’s) | Enrolled in PG program; satisfactory progress per semester | INR 5,000/month stipend
INR 5,000/year contingency grant
No tuition fees | Monthly stipend and grant are renewed with satisfactory performance |
ISI Institute Stipend (Research/Doctoral) | Enrolled as research scholar; subject to national exam standards | Stipend per NET/Govt. benchmarks
INR 10,000/year contingency grant
No tuition fees | Subject to review, may follow UGC/NET rates |
Performance-based Enhanced Stipend | Any program; ≥60% marks in each semester | INR 5,000/month stipend
INR 5,000/semester contingency grant | For high academic achievement; replaces standard stipend |
Book Grant | All enrolled students | INR 2,000/year | Paid annually to assist with textbooks |
NSP (PM-USP) Yojana | 80% in Class 12, parental income ≤ ₹4.5 lakh, regular UG/PG, Indian nationals | INR 82,000/year | External; must maintain 50% marks and 75% attendance |
National Scholarship for PG Studies (UGC) | First-time PG, under 30, UGC-recognized full-time program | INR 10,000/year or INR 15,000/month | External; direct application required |
INSPIRE, KVPY, and other central fellowships | Meet specific national/institutional criteria | As per respective scheme | Institute-recognized; stipend replaced if awarded |
Indian Statistical Institute - [ISIBC] Additional Notes
Stipends and scholarship benefits at ISIBC Bangalore are generally disbursed semester-wise and require students to maintain a minimum CGPA or specified academic performance (often above 60%). Attendance and conduct policies also apply for renewal. Institute stipends and major government fellowships cannot be combined; receipt of a higher external fellowship will replace the ISI stipend. Annual caps are set by institutional and government guidelines, and all awards are subject to final verification and documentation each year. Hostel and mess charges are minimal and not covered under most scholarships.