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SPJIMR Scholarships 2026 - Types, Eligibility & Amount

Private University|Estd. 1981|NAAC Grade |NIRF #20 (Management) 2025

• Updated on 19 Nov, 2025 by Aafreen Zarief

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9 Sept, 2025 : In the Financial Times (FT) Master’s in Management Rankings 2025, the SPJIMR has been placed at the 35th position globally.
6 Sept, 2025 : The NIRF Ranking 2025 has been released. SPJIMR has been ranked 20th out of 100 colleges in India under the ‘Management’ category.

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SP Jain Institute of Management and Research Mumbai is known for providing financial support to students through various scholarships. SP Jain Institute of Management Mumbai offers Merit cum Means Based Financial Assistance and Mirae Asset Foundation (MAF) Scholarship (for PGDM students). The Merit-cum-Means Based Financial Assistance at SPJIMR is given after checking a student’s family income, academic scores and overall conduct.

 

The Mirae Asset Foundation (MAF) Scholarship is given to two PGDM students every year, one from the first year and one from the second year. Each selected student receives INR 5 lakh, and to qualify, the family income must be below INR 8 lakh.

 

Table of Contents
  1. SPJIMR Scholarships 2026
  2. SPJIMR Scholarships FAQs

 

SPJIMR Scholarships 2026

SPJIMR Scholarships 2026 include Merit-cum-Means Based Financial Assistance and Mirae Asset Foundation (MAF) Scholarship. The Merit-cum-Means Based Financial Assistance evaluates applicants on financial need, academic records, and conduct and the aid amount is decided by an internal panel after programme commencement.

 

The Mirae Asset Foundation (MAF) Scholarship at SP Jain Mumbai is awarded to two PGDM students each year, one from each batch year. Students receive a scholarship amount of INR 5 lakh each. Eligibility for the MAF Scholarship requires a family income below INR 8 lakh. All scholarship forms must be submitted to the SP Jain PGDM office and are processed through panel-based evaluation.

Scholarship Name

Eligibility Criteria

Benefits

Application Process

Merit cum Means Based Financial Assistance

Assessment of financial need, academic performance, and conduct

Financial assistance (amount decided by panel)

Submit filled form to PGDM office. Approval by panel after evaluation, applicable post programme commencement

Mirae Asset Foundation (MAF) Scholarship

Based on financial need and academic merit

 

Family income should be less than INR 8 lakh

Each year, two PGDM students, one from 1st year and one from 2nd year, receive scholarships of INR 5 lakh each

The recipients of this scholarship are called Mirae Asset Scholars. Submit completed form to PGDM office; evaluation and approval by panel, applicable post programme commencement

 

SPJIMR Scholarships FAQs

What types of SPJIMR scholarships are available for PGDM students?

SPJIMR scholarships include the Merit-cum-Means Based Financial Assistance and the Mirae Asset Foundation (MAF) Scholarship, both offered to eligible PGDM students based on financial need and academic performance.

What is the eligibility criteria for the Merit-cum-Means Based Financial Assistance at SP Jain Mumbai?

To receive this SP Jain Mumbai scholarship, students are evaluated on family income, academic performance, and overall conduct. The final decision and amount are approved by an internal panel.

How much financial support is provided under the Mirae Asset Foundation Scholarship at SPJIMR?

Under the SPJIMR scholarships offered through the MAF scheme, two PGDM students receive INR 5 lakh each, one from the first year and one from the second year.

What is the family income limit for the SP Jain Mumbai scholarship under the Mirae Asset Foundation scheme?

To qualify for the MAF Scholarship, a student's family income must be below INR 8 lakh, in addition to meeting academic merit requirements.

How many students receive the SPJIMR Mirae Asset Foundation Scholarship each year?

A total of two PGDM students, one from each academic year, receive the SP Jain Mumbai scholarship through the Mirae Asset Foundation annually.

What is the application process for SPJIMR scholarships?

Students must submit the scholarship application form to the PGDM office. All SPJIMR scholarships are reviewed and approved by a panel after programme commencement.

When is the financial assistance amount disclosed for the Merit-cum-Means scholarship at SPJIMR?

The financial assistance amount for this SP Jain Mumbai scholarship is decided and announced after panel evaluation, based on the student’s financial need and academic record.

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