Welcome to the opportunity of a lifetime! ICFAI Business School (IBS) offers exclusive scholarships for those who prove their mettle in the IBSAT test, scheduled for the 3rd week of December 2024. These scholarships target applicants for the MBA/PGPM programme taking the IBSAT test in December 2024, with the goal of rewarding academic achievement and offering financial support. IBS is committed to promoting diversity and inclusivity within its student community. Now let's dive into the eligibility criteria and other details for these scholarships.
IBS-Scholarship Categories and Eligibility Criteria
The scholarships offered by IBS are divided into various categories, each with its specific eligibility criteria to cater to a diverse range of applicants. The following table provides an overview of these categories and their respective eligibility requirements:
| Scholarship Category | Eligibility Criteria |
| IBSAT 2024 Test Toppers | Candidates who secure top ranks in IBSAT |
| Wards of IBS Alumni | Children of IBS alumni applying for the MBA/PGPM programmes |
| Physically Challenged Candidates | Candidates with physical disabilities applying for the MBA/PGPM programme |
| Wards of Defence Personnel (In-service/retired) | Children of in-service or retired defence personnel from Army, Airforce, Navy, and Paramilitary Forces applying for the MBA/PGPM programme |
IBS-Scholarship Worth and Distribution
IBS is dedicated to fostering talent and supporting future business leaders. To actualize this mission, IBS has set aside scholarships worth INR 10 crore for those who outshine in the IBSAT test, are children of IBS alumni, physically challenged candidates, or those from families of in-service or retired defence personnel. IBS plans to award 500 merit scholarships for the class of 2027 falling under these categories. Each scholarship amounts to INR 2 lakh per candidate, which can be offset against the program fee in two installments of INR 1 lakh each.
IBS-Terms and Conditions for Merit Scholarships
To benefit from these valuable scholarships, candidates need to meet certain terms and conditions as outlined in the following table:
| Term or Condition | Description |
| Eligibility | Scholarships will be given only to those who have taken the IBSAT-2024 test and qualified successfully. |
| Admission and Registration | Students must complete the admission process, pay the required admission fee, and register on the designated date to be eligible for the scholarship. |
| Applicability | The scholarship amount awarded can be applied solely against the program fee and cannot be used for any other purpose or fees. |
| Withdrawal Policy | If a student withdraws from the programme for any reason, any applicable fee refunds will be calculated after subtracting the earlier awarded scholarship amount. |
IBS is consistently raising the bar in management education. Through its commitment to offer scholarships, IBS strives to open doors and create a diverse group of future business leaders who will empower organizations and contribute to society's progress.
