At IIM Sambalpur, a range of scholarship programs is available to students, offering a helping hand to those who have proven academic achievement and financial need. The Need-Based Financial Assistance (NBFA) is one such program offered by the institution itself, with a varying amount of aid based on academic performance and family income. In addition to this, the Government of India and several private organisations also offer different types of financial assistance to deserving students at IIM Sambalpur.
IIM Sambalpur Scholarship Highlights
Here's a glance at some of the scholarships available at IIM Sambalpur:
| Scholarship Name | Amount |
| Need-Based Financial Assistance (NBFA) | Based on Family Income: i) Up to INR 1.50 Lakh - 100% tuition fee waiver ii) INR1.50 Lakh - INR 3 Lakh - 75% of tuition fee waiver iii) Rs.3 Lakh to INR 4.5 Lakh - 50% of tuition fee waiver |
| Top Class Education Scheme for Students with Disabilities (SwDs) | Includes: Tuition Fee and Non-Refundable Charges- Up to INR 2 lakhs p.a., Purchase of Computer with Accessories- INR 30,000, Purchase of Aids and Assistive Devices- INR 30,000, Maintenance Allowance for Hostellers- INR 3,000 & Day Scholars- INR 1,500, Books & Stationery- INR 5,000 p.a. |
IIM Sambalpur Need-Based Financial Assistance (NBFA)
The NBFA is a program instituted by IIM Sambalpur itself, providing financial aid to students based on their academic performance and family income. The amount is given in the form of a tuition fee waiver, with the details given below:
| Family Income Range | Amount of Scholarship |
| Up to 1.50 lakhs | 100% tuition fee waiver |
| 1.50 lakhs - 3 lakhs | 75% tuition fee waiver |
| 3 lakhs - 4.5 lakhs | 50% tuition fee waiver |
IIM Sambalpur Government Scholarships
Besides the NBFA, several scholarships are offered by the Central Government, including the Scholarships for Top Class Education for Students with Disabilities (SWDs), the Top Class Education Scheme for SC Students, and the National Fellowship and Scholarship for Higher Education of ST Students.
IIM Sambalpur Application Process
To apply for any of the scholarships at IIM Sambalpur, you must first review the eligibility criteria, which can vary among scholarships and may change over time. The general process for applying is as follows:
- Visit the official IIM Sambalpur website or the NSP portal to check for available government scholarships.
- Apply for the relevant financial aid program, ensuring you have all necessary documentation and personal details at hand.
- Submit the required documents, which may include scanned copies of a passport-size photograph, 10th, 12th, and UG/PG mark sheets, Aadhaar card, and family income proof, among others.
- Submit your application and wait for approval, keeping the reference ID generated during application submission for future reference.
IIM Sambalpur – Frequently Asked Questions
Does IIM Sambalpur provide scholarships to its students?
Yes, IIM Sambalpur offers several scholarship schemes to its students, including those provided by the institute, the Government of India, and other external sources.
What government scholarships are offered?
Some government scholarships include the Top Class Education for Students with Disabilities (SwDs), National Fellowship for the education of ST students, and Top Class Education of SC students.
Can students apply for government scholarships at IIM Sambalpur?
Yes, students can apply for Government of India scholarships through the official scholarship portal, namely the National Scholarship Portal (NSP).
Is it necessary to avail scholarships at IIM Sambalpur?
No, it is not mandatory to avail of scholarships. These schemes are designed for students with low family income but strong academic records.
What other forms of financial help are available at IIM Sambalpur?
IIM Sambalpur also allows students to take educational loans from their respective banks. Students should check interest rates, asset value, etc. from their banks before deciding to take a student loan.
