IIM Indore Scholarships: Amount, Eligibility & Details

The IIM Indore scholarship is open to PGP, PGP-HRM and IPM students who take an education loan from a scheduled bank. The institute says the IIM Indore scholarship exists so that no student leaves for financial reasons. The IIM Indore NBFA page holds the forms. The IIM Indore scholarship 2027 cycle follows the latest published scheme, for 2024-25.

💳Key PointInterest, Not TuitionThe IIM Indore scholarship pays part of your education loan interest. It does not pay the tuition fee.⚖️Need Decides, Not CategoryGeneral, OBC, SC, ST, EWS and PwD students can all apply. Family income and assets decide the aid.🏅Merit Award Comes LaterOnly NBFA recipients with a high CGPA get the merit scholarship, at convocation.📄Form From Your OfficeYou collect the scholarship form from your programme office after admission.

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IIM Indore scholarship schemes fall into six types. They are loan interest aid, merit awards, medals, industry-sponsored scholarships, government scholarships and a government loan route. The table shows who each is for. PM-Vidyalaxmi is a government loan portal that the institute links from its PGP pages.

Which Sponsored and Government IIM Indore Scholarship Options Does the PGP Have?

The institute's Research and Awards page lists several PGP scholarships. The Aditya Birla Group scholarship goes to 1 or 2 first-year students, picked by interview. To keep it in year two, you must be in the top 25 by first-year CGPA. The OPJEMS scholarship from the OP Jindal Group goes to 1 or 2 students from the top 20 of year two. The page also lists the Citi Women Leader Award and the IDFC FIRST Bank MBA Scholarship. Two merit scholarships are named: Rs 1,50,000 from State Bank of India and Rs 50,000 from Eicher Motors. Government schemes include post-matric scholarships for SC, ST and OBC students. Each sponsor or ministry sets its own rules, so read its notice before you apply.

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IIM Indore scholarship eligibility needs a family income below Rs 12,00,000 and an education loan from a scheduled bank. This IIM Indore scholarship information is from the 2024-25 rules, the latest published. Family means you, your spouse if any, and both surviving parents.

💰Income LimitFamily income must be below Rs 12,00,000 a year.🏦Bank LoanYou must have drawn the education loan from a scheduled bank to pay the fees while you study.🏠Check TwiceAsset CheckMore than one building, or movable assets above Rs 10 lakh such as fixed deposits and shares, can make you ineligible.

The institute also looks at your disciplinary record.

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You apply for the IIM Indore scholarship by filling the NBFA form from your programme office. The form has five parts. Parts I to IV go in with your documents, and Part V is the FAQ sheet.

Where Do I Submit the IIM Indore NBFA Application?

It depends on your year. The PGP Office handles PGP years one and two and IPM years four and five. The IPM Office handles IPM years one to three. The PGP-HRM Office handles both PGP-HRM years.

The IIM Indore scholarship needs income proof for every earning member of your family, plus your loan papers. The list depends on how the earning member is employed.

The IIM Indore scholarship is decided in two steps, and the NBFA Committee's decision is final. The Director is the appellate authority.

How Is the IIM Indore Merit Scholarship Awarded?

The IIM Indore merit scholarship goes to NBFA recipients who meet four conditions. You must have received NBFA that year and be in the top 30% of your batch by CGPA. You need a CGPA of at least 3.0 and must not be debarred. Candidates are ranked by CGPA.

The award is given at convocation, and only to students who finish in the minimum time. If you already get a fee scholarship, you get only the difference up to the tuition fee. Medals and cash prizes from other organisations do not count.