IIM Bangalore Scholarships 2023

Is there any scholarship at IIM Bangalore? There are IIM Bangalore scholarships available for students who are financially disadvantaged due to a low family income or other valid causes. IIM Bangalore, the Indian government, and the private sector all offer various sorts of financial support programs.

Here is a detail of Scholarships/ Financial aid provided by the Indian Institute of Management Bangalore:

1. Aditya Birla Scholarship: This merit-based prize is awarded to both first- and second-year PGP students. If they were in the top 25% of their class in the first year, students who get a scholarship in the first year are eligible to apply for renewal in the second year. The scholarship amount per student is INR 1.75 lakh.
2. Citi Women's Leader Award: This merit-based award pays for the second year of tuition. At the end of the first year, candidates are chosen from the top 25% of the cohort. The institute nominates candidates, who are then selected based on their Statement of Purpose and Citi Group-scheduled interviews.
3. Employment in Social Sector Scholarship: This scholarship reimburses one-third of the recipient's tuition at the conclusion of each year of employment for the first three years in the social sector.
4. Hindustan Unilever / T Thomas Scholarship: This merit-based scholarship is awarded by HUL to a second-year PGP student based on demonstrated financial need. The scholarship of 1 lakh INR.
5. IIMB PGP First Class Alumni (1976) Scholarship: This grant is awarded to a female student with a disability from PGP. The scholarship is intended to aid a female student with a disability (or a differently-abled male student, if there is no eligible female student). It preserves the memory of the 1976 PGP class and its affiliation with the institute. This scholarship comes with a 75,000 INR stipend, a medallion, and a certificate.
6. Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD): A person with at least 40% disability and a disability certificate issued by a competent medical authority. This is an annual scholarship of INR 255,000.
7. Ministry of Social Justice and Empowerment Scholarship (SC): The Ministry of Social Justice and Empowerment, Government of India, invites applications from meritorious SC PGP first-year students for the National Scholarship for Higher Education for Scheduled Caste students. This is a means-based scholarship that pays the total cost of tuition.
8. Ministry of Tribal Affairs Scholarship (ST): The Ministry of Tribal Affairs, Government of India, invites applications for the National Scholarship for Higher Education for Scheduled Tribe PGP first-year students. This is a means-based scholarship that pays the total cost of tuition.
9. NTPC Scholarship Scheme: The annual scholarship award for the NTPC Scholarship Program is INR 48,000. The scholarship is available to SC/ST/PwD students in their second year of management studies who have passed the first-year examination on their first attempt.
10. OPJEMS Scholarship: This merit-based prize is awarded to second-year PGP students. Based on their academic performance in the first year, the top ten second-year students are qualified to apply. On the basis of an online examination administered by the OP Jindal Group, one student per academic year will be honored. The scholarship amount is 1,500,000 Indian rupees.
11. Runwal Education Trust Scholarship: This scholarship is awarded to PGP students on the basis of their academic performance in their fourth year and their financial needs. The scholarship comes with a monetary award of 100,000 INR, a medallion, and a certificate.
12. Siddhartha Padam Award: This scholarship is offered to a PGP student who is on the Director's Merit List and has the highest CGPA in the first year's Economics, Finance, and Accounting core courses. It comes with a cash award of 50,000 INR, a medallion, and a certificate.
13. Societe Generale Global Solution Centre India Scholarship: It is a means-based award that pays the full cost of tuition. Societe Generale selects candidates from the neediest applicants in the first year and subsequent interviews.
14. Yes Bank Scholarship: This scholarship of INR 2 lakh is available to students who are among the top 20 students according to the admission criteria, are in the top 20% of their class based on their current GPA, and are members of at least one student committee.
15. In addition to the aforementioned scholarships, students may also apply for State Government Scholarships through the office of financial assistance and scholarships.

IIM Bangalore Scholarship Guidelines 2023

Specific rules and regulations should be followed while applying for IIM Bangalore Financial Assistance. They are:

Any PGP students whose household income is less than INR 800,000 per year are eligible to apply for financial aid. Those students experiencing serious financial hardships due to unforeseeable, sudden situations are also considered.

The Financial Assistance Committee uses a two-step procedure to determine the number of recipients and the amount of aid. In the first stage, students are assigned a financial status score based on four criteria: Annual Gross Household Income (including the student's income if he or she was employed prior to joining IIMB and any outstanding loans, provided they were not taken for conspicuous consumption), Household Savings, Real Estate Assets, and Other Assets. Some students are selected for a personal interview with a faculty panel based on this score. During these conversations, faculty panels assess the financial need of the student, ascertain the veracity of the student's application information, and issue a financial need score. Based on the weighted average of these two scores, applicants receive 100 percent, 80 percent, 60 percent, 40 percent, or 20 percent financial help.

The objective of the Financial Aid Policy at IIMB is to ensure that no student is deprived of education at the institute for financial reasons.

Frequently Asked Questions about IIM Bangalore Scholarship

Q. Total how many scholarship programs are available in IIM Bangalore?

Ans. IIMB provides 15 categories of scholarship programs, they are:

• Aditya Birla Scholarship
• Citi Women’s Leader Award
• Employment in Social Sector Scholarship
• Hindustan Unilever / T Thomas Scholarship
• IIMB PGP Alumni First Batch (1976) Scholarship
• Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
• Ministry of Social Justice and Empowerment Scholarship (SC)
• Ministry of Tribal Affairs Scholarship (ST)
• NTPC Scholarship Scheme
• OPJEMS Scholarship
• Runwal Education Trust Scholarship
• Siddhartha Padam Award
• Societe Generale Global Solution Centre India Scholarship
• Yes Bank Scholarship

Q. Can I get a free seat in IIM Bangalore?

Ans. There are no such fixed scholarships when you will be taking admission to IIMs. Fees are the same for all students irrespective of caste category or gender.

Q. Can I avail KVPY scholarship at IIM?

Ans. KVPY offers scholarships to the UG and PG Science courses pursued by qualified students. Since IIM offers only management courses to the students, they can’t avail of KVPY scholarships.

Q. Can I study at IIM for free?

Ans. When you enroll at an IIM, there are no set scholarships available. Regardless of caste or gender, all students pay the same fees. Yet after joining, you'll learn about the different scholarships offered by other governments and organizations.

Q. Can I receive a 100% IIM scholarship?

Ans. IIM Scholarships will waive between 10% and 100% of tuition costs depending on the college.

Q. Do banks give loans to IIM students?

Ans. Almost all banks offer premier loans on zero margins, making not just the tuition fees, but the accommodation and other necessities affordable as well. So if you are thinking of giving up on your dream of studying at any of the IIMs, remember that loans for IIM students are just a click away.

Q. Do CAT toppers get a scholarship?

Ans. No, just clearing the CAT examination won't grant any scholarship. There are various scholarships that one can get after clearing the CAT examination, but they're all performance-based and vary from B-School to B-School.

Q. What are the fees of IIM Bangalore?

Ans. IIM Bangalore provides different management courses with an average fee of ranges from INR 23 LPA.

Q. What is the average package offered in IIM Bangalore placement?

Ans. IIMB 2022 placement offered an average package of INR 33.82 LPA.

Q. What are the facilities provided at IIM Bangalore?

Ans. IIM Bangalore is 100 acres campus with every facility available for the ease of students as well as faculties. The facilities provided are AC hostels, Computer center, internet and e-mail access, library, photocopying facilities, bank, locker, post office, book store, cafeteria, snack bar, store for general supplies, fruit & vegetable shop, travel agency, medical center, saloon, laundry service, clubs for social and professional interaction, sports & cultural activities.

Q. How can I directly contact IIM Bangalore?

Ans. IIM Bangalore contact details

Phone No.: +91-80- 26993000 / 26582450 

Official website: https://www.iimb.ac.in/home

Address: Indian Institute of Management, Bannerghatta Main Rd, opp. to Apollo Hospitals, Sundar Ram Shetty Nagar, Bilekahalli, Bengaluru, Karnataka 560076