ITM Navi Mumbai provides a substantial range of scholarships to prospective students who apply during the early stages of the admission process. The scholarships, for which 2,000 students participate in the iSET test each year, are a financial support system that helps to lessen student expenses. These scholarships are accessible across all ITM Business Schools, including Chennai, Navi Mumbai, Warangal, Vadodara, and Raipur. Funded by the ITM Trust, these scholarships are open to both BBA & MBA students who have met the academic and professional qualifications and demonstrated the capacity to contribute significantly to the MBA i-Connect programme approved by AICTE.
Table of Contents
- ITM Navi Mumbai Scholarships 2026
- ITM Navi Mumbai Scholarship Eligibility Criteria 2026
- ITM Navi Mumbai Scholarship Test 2026
- ITM Navi Mumbai Scholarship Admission Process 2026
- ITM Navi Mumbai Scholarship Application Process 2026
- Documents Required for ITM Navi Mumbai Scholarship 2026
- ITM Business School Navi Mumbai Scholarships FAQs
ITM Navi Mumbai Scholarships 2026
Multiple awards across different categories are offered at ITM Kharghar. The scholarships range from 100%, 50%, 25%, and 10% coverage of the tuition fees. The number of scholarships available for each category is as follows: 10 for the 100% category, 15 for 50%, 30 for 25%, and 100 for the 10% category. Cumulatively, the total value of free scholarships at ITM Business School exceeds INR 2 crores, subject to students meeting the merit requirements. ITM Navi Mumbai scholarships lower the ITM Navi Mumbai MBA fees by quite a margin.
ITM Navi Mumbai Scholarship Eligibility Criteria 2026
To be eligible for the ITM Scholarships, students must fulfil certain criteria. Firstly, they must secure a minimum of 60% in Class 10, Class 12 and graduation. Secondly, they are required to take one of the specified tests, which include CAT, MAT, XAT, CMAT, ATMA, NMAT by GMAC, or GMAT. Additionally, the eligible student should be an Indian citizen.
ITM Navi Mumbai Scholarship Test 2026
The process for obtaining the scholarship involves a scholarship examination conducted concurrently with the admission round. The scores in the admission process do not influence the awarding of scholarships, as they are based solely on the scholarship test scores. The list of meritorious students qualifying for scholarships is released a week after the successful completion of the scholarship test. These scholarships are applicable only for the first academic year.
ITM Navi Mumbai Scholarship Admission Process 2026
ITM Navi Mumbai scholarship admission process requires candidates to first meet the MBA iConnect admission eligibility criteria. Additionally, they must have at least 60% and above in their X, XII and graduation & must also have taken either a CAT, XAT, CMAT, MAT, ATMA or GMAT test to be eligible for the ITM scholarships. Then they need to submit an online application. Shortlisted applicants must appear for the Case Analysis and Personal Interview (CAPI) as part of the MBA admission process. While admission is based on academic performance, entrance exam scores, CAPI performance, work experience (if applicable), and extracurricular achievements, ITM scholarships are awarded solely on the basis of the iSET Scholarship Test. Performance in the admission selection process does not influence the scholarship award.
ITM Navi Mumbai Scholarship Application Process 2026
ITM Mumbai scholarship applications are accepted online through the official MBA admission portal. Eligible candidates must complete the application process, appear for the iSET Scholarship Test, and meet the prescribed scholarship criteria. ITM reserves the right to cancel the scholarship if a candidate provides false information or fails to meet the eligibility requirements. The scholarship is valid only for the first academic year, and its continuation is not guaranteed.
Steps to apply for the ITM Kharghar scholarship:
- Visit the official ITM Business School admission portal.
- Complete the online MBA iConnect application form.
- Pay the prescribed application fee and submit the form.
- Appear for the admission selection process and the iSET Scholarship Test.
- Check the scholarship result, which is generally announced within one week of the test.
- Complete the admission formalities if selected for the scholarship.
Documents Required for ITM Navi Mumbai Scholarship 2026
Candidates applying for the ITM Mumbai scholarship should keep all the required admission documents ready for verification. While the institute has not published a separate list of documents specifically for the iSET Scholarship Programme, applicants are generally required to submit the same documents used during MBA admission.
- Class 10 and Class 12 mark sheets and certificates
- Graduation mark sheets and degree certificate (or latest semester mark sheets for final-year students)
- Valid scorecard of CAT, XAT, CMAT, MAT, NMAT, GMAT, ATMA, CUET PG, or State CET
- Government-issued photo ID proof (Aadhaar Card, PAN Card, Passport, or Driving Licence)
- Recent passport-size photographs
- Transfer Certificate (TC) or Migration Certificate, if applicable
- Work experience certificate (if applicable)
- Category or domicile certificate, if applicable
- Any other documents requested by the institute during admission or scholarship verification
ITM Business School Navi Mumbai Scholarships FAQs
Does ITM Navi Mumbai offer scholarships for MBA students?
Yes, ITM Navi Mumbai offers merit-based scholarships for MBA iConnect students through the iSET Scholarship Programme. The scholarships are funded by the ITM Trust and provide tuition fee waivers of 10%, 25%, 50%, and 100%. They are awarded based on merit in the ITM Navi Mumbai scholarship test and are applicable only for the first academic year. Students must also meet the institute's admission eligibility requirements.
Who is eligible for the ITM Navi Mumbai MBA scholarship?
To be eligible for the ITM Navi Mumbai MBA scholarship, candidates must secure at least 50% marks in graduation and have appeared for any accepted management entrance exam, including CAT, XAT, CMAT, MAT, NMAT, ATMA, GMAT, CUET PG, or state CET. Applicants must also be Indian citizens and participate in the iSET Scholarship Test conducted during the admission process.
How can I apply for the ITM Navi Mumbai scholarship?
Candidates can apply for the ITM Navi Mumbai scholarship while applying for MBA admission through the official website. Eligible applicants are required to appear for the iSET Scholarship Test, which is conducted along with the admission process. Scholarships are awarded based on the scholarship test score, and the institute publishes the list of selected candidates after evaluation.
What is the ITM Navi Mumbai scholarship test (iSET)?
The ITM Navi Mumbai Scholarship Test (iSET) is the institute's official scholarship entrance exam for MBA iConnect applicants. It assesses candidates on Aptitude, Logical Reasoning, Verbal Skills, and Data Interpretation. Eligible students who have qualified in an accepted management entrance exam and meet the scholarship eligibility criteria can appear for the test during the admission process. Scholarships of 10%, 25%, 50%, and 100% tuition fee waivers are awarded based on merit in the iSET, and the list of selected candidates is generally announced within one week after the test. The scholarship is applicable only for the first academic year.
How much scholarship does ITM Navi Mumbai provide?
ITM Navi Mumbai offers scholarships with tuition fee waivers of 10%, 25%, 50%, and 100%. In the ITM Business School, 155 scholarships are available, including 10 full scholarships, 15 scholarships with a 50% waiver, 30 scholarships with a 25% waiver, and 100 scholarships with a 10% waiver. These scholarships apply only to the tuition fee for the first academic year.
Is the ITM Navi Mumbai scholarship based on CAT score?
No. CAT and other accepted entrance exams are required only to satisfy the MBA admission eligibility criteria. The scholarship is awarded entirely on the basis of the candidate's performance in the iSET Scholarship Test, and admission evaluation scores do not influence the scholarship decision.
Can students with MAT, XAT, NMAT, CMAT or ATMA apply for ITM scholarships?
Yes. Candidates who have appeared for CAT, XAT, NMAT, CMAT, MAT, ATMA, GMAT, CUET PG, or State CET can apply for the ITM Kharghar scholarship, provided they meet the academic eligibility criteria and participate in the scholarship selection process conducted by the institute.
Is the ITM Navi Mumbai scholarship available for all four semesters?
No. The ITM Navi Mumbai scholarship is applicable only for the first academic year of the MBA programme. The institute clearly states that receiving a scholarship in the first year does not guarantee continuation in the second year, and it reserves the right to revise the scholarship policy whenever required.
How many scholarships are available at ITM Navi Mumbai?
ITM Business Schools collectively offer 155 scholarships under the iSET Scholarship Programme. These include 10 scholarships with a 100% tuition fee waiver, 15 with a 50% waiver, 30 with a 25% waiver, and 100 with a 10% waiver. The scholarships are awarded to deserving MBA applicants based on merit.
Can BBA students also apply for ITM Navi Mumbai scholarships?
Yes, the official ITM Navi Mumbai website currently describes the iSET Scholarship Programme for the BBA & MBA iConnect applicants.
What is a safe score in the ITM scholarship test to get a 100% tuition fee waiver?
The official ITM Navi Mumbai website has not announced any minimum score or cutoff required to receive a 100% scholarship. Scholarship awards are based on merit in the iSET Scholarship Test, and the institute does not disclose the score needed for each scholarship category.
Can I receive both an ITM scholarship and an education loan simultaneously?
The official ITM Navi Mumbai website has not specified whether students can combine an education loan with an iSET scholarship. Since the scholarship is a tuition fee concession, candidates are advised to confirm the latest policy with the admissions office before completing the admission process.
If I lose my scholarship after the first year, can I reapply in the second year?
The official scholarship policy does not provide an option to reapply in the second year. ITM states that the scholarship is valid only for the first academic year and that continuation is not guaranteed, with the institute retaining the right to modify the scholarship terms.
Does the scholarship cover hostel fees, global immersion charges, or only tuition fees?
According to the official scholarship policy, the iSET Scholarship is offered as a tuition fee waiver. The website does not state that hostel charges, Global Immersion Programme fees, or any other academic expenses are covered under the scholarship.
How difficult is the ITM iSET scholarship exam compared to CAT or CMAT?
The official ITM Navi Mumbai website has not compared the difficulty level of the iSET Scholarship Test with CAT, CMAT, or any other national management entrance examination. Therefore, applicants should not assume that the tests follow the same pattern or level of difficulty.
Can students who have already accepted admission still apply for an ITM scholarship?
The official admission process indicates that the iSET Scholarship Test is conducted during the admission rounds. It does not mention a separate scholarship application process after admission confirmation, so candidates should participate in the scholarship process while applying for admission.
Does work experience improve my chances of getting an ITM MBA scholarship?
No. Although work experience may be considered during MBA admission, the official scholarship policy states that scholarships are awarded solely on the basis of the candidate's performance in the iSET Scholarship Test. Professional experience does not influence the scholarship selection.
What documents are required during scholarship verification at ITM Navi Mumbai?
The official ITM Navi Mumbai website has not published a separate list of documents required specifically for scholarship verification. Applicants are generally expected to submit academic records, entrance exam scorecards, identity proof, and other admission documents, but the institute should be contacted for the latest scholarship-related requirements.
How long does ITM take to announce scholarship results after the test?
ITM generally announces the scholarship results within one week after the successful completion of the iSET Scholarship Test. The institute publishes the list of meritorious candidates who qualify for the available tuition fee waivers.
If two students have the same scholarship test score, how does ITM decide the final scholarship award?
The official ITM Navi Mumbai website has not disclosed any tie-breaking criteria for candidates who obtain the same score in the iSET Scholarship Test. Therefore, the institute's internal scholarship committee determines the final award based on its admission and scholarship policy.
Can I get a 100% scholarship for MBA at ITM Kharghar?
Yes, ITM Navi Mumbai offers up to a 100% tuition fee scholarship for MBA iConnect students, for the first year only, through the iSET Scholarship Programme. To be eligible, candidates must have a minimum aggregate of 60% in Class 10, Class 12, and graduation. Final-year students with an overall 60% in the first and second years of graduation can also apply. Eligible candidates must appear for the iSET Scholarship Test, which assesses Aptitude, Logical Reasoning, Verbal Skills, and Data Interpretation. Based on merit, ITM awards 10 scholarships with a 100% tuition fee waiver, along with 50%, 25%, and 10% tuition fee waivers.
How much CGPA is required for a scholarship?
ITM Navi Mumbai does not specify a minimum CGPA requirement for the iSET Scholarship Programme. Instead, the official eligibility criterion requires candidates to have a minimum aggregate of 60% in Class 10, Class 12, and graduation. Final-year students with at least 60% aggregate in the first and second years of graduation are also eligible to apply. Eligible candidates must then appear for the iSET Scholarship Test, which determines the scholarship award. If your university awards CGPA instead of percentage, you should convert it to the equivalent percentage as per your university's approved conversion formula.
