At IIM Indore, a rich array of financial assistance avenues are available for students from low-income families. Apart from the institute's Need-Based Financial Assistance (NBFA) scheme, there are numerous scholarships hosted by both the Government of India and various industries or corporations. Let's explore the different types of financial support options available at IIM Indore.
Table of Contents
I-IIM – Need-Based Financial Assistance (NBFA)
IIM Indore's NBFA scholarships are spearheaded by the PGP Executive Committee and the NBFA Committee. These scholarships are dedicated to students whose gross family income doesn't exceed INR 4,50,000 in the preceding year. The financial aid allocated to students varies according to their family income:
| Family Income in Previous Year (in INR) | Reimbursement Provided |
| <= 1,50,000 | 75% of tuition fee |
| 1,50,000 - 2,00,000 | 50% of tuition fee |
| 3,00,000 - 4,50,000 | 25% of tuition fee |
I-IIM – Scholarships Offered by the Central Government of India
The Central Government of India provides several scholarships targeting students from specific backgrounds, such as the Central Sector Scholarship for SC/ST Students and the Minority Welfare Scholarship (Merit-cum-Means).
The Central Sector Scholarship is available for SC/ST students whose gross family income in the previous financial year was less than INR 4,50,000. This scholarship covers significant expenses including tuition fees, non-refundable charges, lodging and boarding charges, books and stationery charges, and the cost of IT equipment for the first year.
The Minority Welfare Scholarship is a merit-based financial aid provided by the Ministry of Minority Affairs, Govt. of India. This scholarship is allocated to students whose family income doesn't exceed INR 2,50,000 per annum.
I-IIM – Industrial Scholarships
In addition to the NBFA and government scholarships, several industries also offer financial assistance. Some of the key industrial scholarships include the Aditya Birla Scholarships, OPJEMS Scholarships, State Bank of India Scholarships, and Eicher Scholarships.
| Scholarship Name | Eligibility | Reimbursement Amount |
| Aditya Birla Scholarships | Top performers from the 1st year | INR 1,75,000 |
| OPJEMS Scholarships | Top 20 students from the 2nd year | INR 1,25,000 |
| State Bank of India Scholarships | Merit-based | INR 1,50,000 |
| Eicher Scholarships | Merit-based | INR 50,000 |
I-IIM – Frequently Asked Questions
Here are some common queries about IIM Indore's scholarships, along with their responses:
| Question | Answer |
| Is there any scholarship for IIM Indore? | Yes, several scholarships are available, including the Need-Based Scholarships, Central Government Scholarships, and industrial scholarships. |
| What are the scholarships applicable at IIM Indore? | There are several scholarships, including Need-Based Scholarships, Central Sector Scholarships for SC/ST students, Minority Welfare Scholarship (Merit-cum-Means), Aditya Birla Scholarships, OPJEMS Scholarships, SBI Scholarships, and more. |
| Does the Government of India also provide scholarships for IIM Indore students? | Yes, scholarships like Central Sector Scholarships for SC/ST students and Minority Welfare Scholarship (Merit-cum-Means) are provided by the Government of India. |
| How much amount is given to a student availing Scholarships under SC/ST category? | An amount of INR 4,50,000 is provided to students selected under Central Sector Scholarships for SC/ST. |
| What is the reimbursement amount for Need based scholarships? | The reimbursement depends on the family income slab, with students from families earning less than INR 1,50,000 eligible for a 75% tuition fee reimbursement, and those with family income between 1,50,000 and 2,00,000 eligible for a 50% tuition fee reimbursement. |
| Who provides need based scholarships to students at IIM Indore? | The PGP Executive Committee and NBFA Committee provide the Need-Based Scholarships to meritorious students based on their academic performance. |
