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St. Francis Institute of Management and Research Scholarships 2026: Eligibility and Benefits

Private
Estd. 2002
NAAC Grade A

Updated on 4 Aug, 2026 by Malothu Chaitanya

What's new?

25 Aug, 2026 : XAT registration 2027 has started on July 15, 2026. Interested candidates can apply on the official website at xatonline.in by December 6, 2026.

St. Francis Institute of Management and Research (SFIMAR Mumbai) supports students through multiple government-funded scholarships, minority scholarships, tuition fee reimbursement schemes, institute freeships, and merit awards. The SFIMAR Mumbai Scholarships are available for SC, ST, OBC, SBC, VJNT, EBC, Minority, and economically weaker students through the Maharashtra Government and the Government of India. In addition, SFIMAR offers institute-level freeships for students facing financial hardships and Gold Medal awards that recognise outstanding academic performance in the MMS program.

 

Table of Contents

  1. St. Francis Institute of Management and Research Government Scholarships 2026
  2. St. Francis Institute of Management and Research Freeship Scheme 2026
  3. St. Francis Institute of Management and Research Gold Medal Awards
  4. St. Francis Institute of Management and Research Scholarship FAQs

 

St. Francis Institute of Management and Research Government Scholarships 2026

SFIMAR Mumbai Scholarships include several Government of India and Government of Maharashtra financial assistance schemes that reduce tuition fees, hostel expenses, and educational costs for eligible students. Candidates belonging to reserved categories, minority communities, and economically weaker sections can apply through the respective scholarship portals after admission.

Scholarship Scheme

Offered By

Eligible Students

Benefits

GOI Post Matric Scholarship

Government of India

SC, ST, VJNT, SBC, OBC students

Tuition fee, examination fee, freeship and educational assistance

GOI Freeship Scheme

Government of Maharashtra

Reserved category students

Tuition fee reimbursement as per eligibility

Rajarshi Chhatrapati Shahu Maharaj Tuition Fee Reimbursement Scheme (EBC)

Directorate of Technical Education, Maharashtra

Economically Backward Class (EBC) students

Tuition fee reimbursement

Scholarship for Minority Students (SGS)

Directorate of Technical Education, Maharashtra

Minority community students pursuing higher education

Financial assistance towards tuition fees

Dr. Punjabrao Deshmukh Hostel Maintenance Allowance

Government of Maharashtra

Eligible professional course students

Hostel maintenance allowance

Merit-cum-Means Scholarship

Ministry of Minority Affairs, Government of India

Minority students with merit and financial need

Scholarship for tuition and academic expenses

 

St. Francis Institute of Management and Research Freeship Scheme 2026

Apart from government scholarships, SFIMAR Mumbai provides institute-level freeships to support students facing financial hardship. These freeships help deserving students continue their education without interrupting their academic journey. Selection is based on financial need, academic performance, and supporting documents submitted to the institute.

Eligibility Criteria

Details

COVID-19 Affected Students

Candidates who lost one or both parents due to COVID-19

Financial Hardship

Students who lost the family's earning member

Community Service

Students with outstanding community service contributions

Medical Grounds

Students supporting an ailing family member

Annual Family Income

Below INR 2 lakh per annum

Academic Requirement

Minimum 60% marks in the previous semester

 

St. Francis Institute of Management and Research Gold Medal Awards

SFIMAR recognises academic excellence through prestigious Gold Medal awards presented to outstanding MBA and MMS students. Introduced in 2019, these awards honour students securing top positions in university examinations and specialisations while encouraging consistent academic performance throughout the program.

Gold Medal

Awarded For

Mrs. Anna & Paul Kurias Memorial Gold Medal

Overall First Rank in the University/Final Examination for the MMS/MBA two-year full-time program

Mrs. N. Saraswati Amma Memorial Gold Medal

Overall First Rank in Finance or Marketing Specialisation

Mrs. Anna & Paul Kurias Memorial Finance Gold Medal

First Rank in Finance Specialisation in the University/Final Examination

Award Components

Gold Medal with inscription and Certificate of Merit

 

Documents Required for SFIMAR Mumbai Scholarships

Candidates applying for SFIMAR Mumbai Scholarships should keep the required documents ready before submitting their applications through the respective scholarship portals.

Aadhaar Card

Admission Letter

Previous Semester Marksheet

Income Certificate

Caste Certificate (if applicable)

Domicile Certificate

Minority Certificate (if applicable)

Bank Passbook

Passport-size Photographs

Fee Receipt

 

St. Francis Institute of Management and Research Scholarship FAQs

What scholarships are available at SFIMAR Mumbai?

SFIMAR Mumbai Scholarships include GOI Post Matric Scholarships, Maharashtra Government tuition fee reimbursement schemes, Minority Scholarships, Dr. Punjabrao Deshmukh Hostel Allowance, institute freeships, and merit-based Gold Medal awards for eligible MBA and MMS students.

Who is eligible for SFIMAR Mumbai Scholarships?

Students belonging to SC, ST, OBC, SBC, VJNT, EBC, Minority categories, economically weaker families, and candidates fulfilling academic and income criteria can apply for various SFIMAR Mumbai Scholarships based on scheme eligibility.

Does SFIMAR Mumbai offer freeships to financially weak students?

Yes. SFIMAR provides institute-level freeships for students from families with an annual income below INR 2 lakh, students affected by COVID-19, those facing financial hardship, and candidates supporting an ailing family member.

What is the income limit for the SFIMAR Mumbai Freeship Scheme?

Candidates applying for the SFIMAR Freeship Scheme should generally have a family income below INR 2 lakh per annum and maintain at least 60% marks in the previous semester, along with fulfilling other eligibility conditions.

Does SFIMAR Mumbai provide scholarships for Minority students?

Yes. Minority students can apply for the Merit-cum-Means Scholarship offered by the Ministry of Minority Affairs and the Maharashtra Government scholarship schemes, subject to eligibility, merit, and prescribed income criteria.

What is the SFIMAR Mumbai Gold Medal Award?

SFIMAR recognises academic excellence through Gold Medal awards presented to students securing the highest university ranks in MBA/MMS programs and outstanding performance in Finance and Marketing specialisations.

How can students apply for SFIMAR Mumbai Scholarships?

Eligible students can apply through the MahaDBT Portal, the National Scholarship Portal (NSP), or submit applications to the institute for SFIMAR freeships after completing admission and document verification.

What documents are required for SFIMAR Mumbai Scholarships?

Applicants generally need academic mark sheets, Aadhaar Card, income certificate, caste or minority certificate (where applicable), domicile certificate, admission letter, fee receipt, and bank account details.

Can MBA students apply for government scholarships at SFIMAR Mumbai?

Yes. Eligible MBA and MMS students can apply for Government of India and Maharashtra scholarship schemes, including tuition fee reimbursement, minority scholarships, and hostel maintenance assistance, depending on their category.

Why should students apply for SFIMAR Mumbai Scholarships?

SFIMAR Mumbai Scholarships help reduce the financial burden of higher education by covering tuition fees, hostel support, maintenance allowances, and academic expenses while rewarding students with strong academic performance and financial need.

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