Archive · 8 Oct 2026
IIM Indore Lists Financial Aid Eligibility and Scholarships
IIM Indore offers financial help and lists scholarships for its students.
Its Need Based Financial Assistance is meant to help ensure that money problems do not stop someone from studying there.
Students in three programmes may apply if their family earns less than Rs 12 lakh a year.
Some awards are based on academic performance, while others consider financial need or leadership potential.
The Aditya Birla Group and OP Jindal Group select students through their own processes.
Citi offers an award intended to encourage women with leadership potential.
Government schemes can also help eligible students pay fees and other study-related costs.
The article says state governments, including Madhya Pradesh and Maharashtra, offer additional scholarships.
IIM Indore says its Need Based Financial Assistance aims to prevent financial hardship from blocking students’ education.
Students in the PGP, PGP HRM and IPM programmes with annual family income below Rs 12 lakh can apply for NBFA.
Listed private awards include scholarships from the Aditya Birla Group and OP Jindal Group, the Citi Women’s Leader Award and IDFC FIRST Bank.
The Ministry of Tribal Affairs scholarship supports eligible ST students, while Maharashtra’s Rajarshee Sahu Maharaj Scholarship reimburses fees for eligible SC students.
The Madhya Pradesh Higher Education Department also provides scholarships for students from pre-matric through PhD levels.
- Who
- Students admitted to IIM Indore’s PGP, PGP HRM and IPM programmes, along with eligible applicants for listed scholarships.
- What
- IIM Indore outlined need-based financial assistance and private and government scholarships.
- When
- The article refers to IIM Indore Admission 2027 and says CAT 2026 is scheduled for November 29; no date for the scholarship announcement is stated.
- Where
- Indian Institute of Management Indore, India.
- Why
- To provide financial assistance and scholarships to eligible students; NBFA aims to ensure financial reasons do not prevent participation in education at the institute.
Eligibility and access
Selection and award conditions
Need-based financial assistance
Eligibility and access
IIM Indore says NBFA is intended to ensure that financial reasons do not deprive participants of education.
Selection and award conditions
Applicants must be admitted to one of the specified programmes and have annual family income below Rs 12 lakh.
Merit and selection
Eligibility and access
Several listed scholarships provide opportunities based on academic performance, need, or leadership potential.
Selection and award conditions
Awards have specific conditions and selection processes, including CGPA rankings, interviews, or written tests; eligibility does not itself guarantee selection.
- NBFA income eligibility
- Annual family income below Rs 12,00,000
- Eligible programmes
- PGP, PGP HRM (PGPH), and Integrated Programme in Management (IPM)
- Aditya Birla Group Scholarship
- Awarded to one or two academically outstanding first-year students; selection includes personal interviews.
- OPJEMS Scholarship
- One or two awards; eligible applicants are among the top 20 second-year students based on first-year CGPA.
- Citi Women’s Leader Award
- Recognizes women candidates demonstrating leadership potential; selection considers a Statement of Purpose and interviews.
- IDFC FIRST Bank MBA Scholarship
- Need-based scholarship for two years of full-time MBA studies.
- Government schemes
- Examples include a central scholarship for ST students and Maharashtra’s Rajarshee Sahu Maharaj Scholarship for eligible SC students.