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IIM Bodh Gaya: Indian Institute of Management Bodh Gaya Scholarships Details

  • Bodh Gaya, Bihar
  • NIRF Ranking for Management 73

Saurav Anand

IIM Bodh Gaya Scholarships

After IIM Calcutta, IIM Ahmedabad, IIM Bangalore, IIM Lucknow, and IIM Kozhikode, the Indian Institute of Management Bodh Gaya was founded in 2015 as the nation's IIM and as the new IIMs. IIM Bodh Gaya's mission statement, "To be a globally recognized management school for developing socially responsible and mindful business leaders," reaffirms the institution's dedication to management excellence. Due to their reputation for offering an exceptional MBA degree that can be used as a gateway to the business world both domestically and abroad, all of the IIMs have a unique appeal. Thousands of students anxiously wait in line each year with the hope of being admitted to the esteemed Indian Institutes of Management (IIMs). This is due to the fact that the MBA programs provided by these prestigious business schools are well-known for their extensive curricula, first-rate professors, connections to industry, and immersive learning opportunities.

The path to an IIM, however, frequently faces financial challenges for those from financially disadvantaged backgrounds, including tuition fees, living expenses, study materials, and other related charges. IIMs across the nation have put in place a number of initiatives to provide financial support to students, adhering to specific guidelines and eligibility requirements, in recognition of the potential financial constraints faced by students from low family incomes and to ensure that deserving candidates are not hindered by these limitations. Scholarships, grants, and financial aid programs are meant to ease the financial burden, making it possible for deserving students from all walks of life to take advantage of the IIMs' outstanding learning and networking opportunities.

IIM Bodh Gaya has also taken the initiative to launch a number of need-based financial assistance (NBFA) initiatives in an effort to aid students from underprivileged socioeconomic backgrounds. The PGP Executive Committee and the NBFA Committee work together to oversee the need-based IIM Bodh Gaya scholarships. PGP students are qualified for a variety of federal, state, and private scholarships that are given based on merit or a mix of merit and financial need, in addition to obtaining financial aid based on need.  The institution gives thorough information regarding the possible financial aid during the IIM Bodh Gaya admissions process. In addition to the scholarships granted by IIM Bodh Gaya, students have access to a wide range of scholarship programs from the federal and state governments as well as different businesses and organizations that work with the school.

The students at IIM Bodh Gaya are eligible for a variety of IIM Bodh Gaya scholarships. The IIM Bodh Gaya scholarship serves as a pillar for its students by helping them pay the tuition costs for the institution's top-tier education.

The NBFA scholarship, which is part of IIM Indore's internal scholarship program, is the most well-known IIM Bodh Gaya scholarship. To benefit from the NBFA at IIM Bodh Gaya scholarship, candidates can apply for it. Financial aid for chosen candidates based on need is another name for it. The committee established for the NBFA IIM Bodh Gaya scholarship evaluates the applicants for this award at IIM Bodh Gaya. The institute bases its NBFA scholarship award on a variety of factors. The committee itself determines these requirements for eligibility.

The IIM Bodh Gaya scholarships are made to meet the demands of the students in terms of money. The institution wants to ensure that no competent applicant is denied the opportunity to attend IIM Bodh Gaya for only financial grounds.

IIM Bodh Gaya recognizes the value of exposing its students to contemporary trends and worldwide standards to enhance their learning. The institute has collaborated with a number of reputable institutions in France, Venezuela, Russia, Mexico, Italy, and South Korea while talks are ongoing with many other international universities around the world in order to bring global exposure and cultural diversity to the campus.

Candidates with potential and talents are encouraged to apply to the institute. The purpose of the IIM Bodh Gaya Scholarship is to benefit this group of outstanding applicants. Candidates require assistance in meeting the fee criteria. These participants who require financial aid are given NBFA IIM Bodh Gaya scholarships by the organization. Their tuition and other incidentals are paid for by NBFA. Financial constraints shouldn't prevent any deserving participant from receiving a high-quality education in management and leadership. The NBFA IIM Bodh Gaya scholarship can help if the free structure is tall and unfathomable.

An IIM Bodh Gaya scholarship called the NBF is available to participants who are struggling to pay their bills or complete the program's fee requirements. For the purpose of managing the Bodh Gaya scholarships offered by the Indian Institute of Management, a committee has been established. The committee evaluates each participant's circumstances from a variety of angles before awarding the NBFA IIM Bodh Gaya scholarship to the chosen participants. The committee overseeing IIM Bodh Gaya scholarships conducts this evaluation each year. The committee takes into account the participant's family's assets as well as their income from the prior fiscal year. Before giving an IIM Bodh Gaya scholarship, the participants' disciplinary history and academic performance are also taken into account.  A candidate's family background, family assets, and other circumstances are taken into consideration by the committee as part of an appropriate and logical selection process.

The types of IIM Bodh Gaya scholarships include

  • Scholarships sponsored by IIM Bodh Gaya.
  • Government of India scholarships are available at IIM Bodh Gaya.

Below is detailed information on IIM Bodh Gaya scholarships:

Name Of ScholarshipAmount Of Scholarship
Need-Based ScholarshipsIf a student's family income is less than 1.5 LPA, then he/she shall be eligible for a 100% scholarship
Highest Quality Education for SwDs (for Graduate and Postgraduate degree/diploma programs at top-notch educational institutions)Students whose parents/guardians' income from all sources does not exceed INR 6,00,000/- per annum, eligible for a scholarship
National Overseas Scholarship (For Masters or Ph.D. in International Universities)The gross income for a student’s family should not be exceeding INR 6,00,000 per annum, eligible for a scholarship
Fellowships for Ph.D. studentsINR 30,000 - INR 35,000 + INR 1,25,000 (Contingency grant)+ INR 3,00,000 (Conference grant)

IIM Bodh Gaya Scholarships offered by Sponsored 

Need-Based Financial Assistance (NBFA) Scholarship at IIM Bodh Gaya:

At IIM Bodhgaya, deserving individuals can apply for need-based financial assistance (NBFA). Important details about the NFBA scholarship are listed here.

All qualified applicants accepted to the Postgraduate Programme in Management (PGP) receive financial assistance (NBFA) from the Indian Institute of Management Bodh Gaya. IIM Bodh Gaya's Need-Based Financial Assistance (NBFA) program aims to ensure that no participant is prevented from enrolling in the institute's educational programs owing to financial limitations. The NBFA Committee determines the number of recipients and the amount of aid in two processes.

  • The first phase will involve analyzing the application submitted by the students to determine the participant's financial needs. Some of the candidates may receive invitations to meet with the NBFA Committee based on the outcomes of the first round. Applicants' eligibility for financial help will be determined by how well they perform in stages I and II of the evaluation process.
  • Financial aid will often be fixed at a level that is close to the tuition set for that Academic Year. According to the family's income, NBFA awards are based on a portion of the maximum amount mentioned. Up to 1.5 lakhs per year, more than 1.5 lakhs up to 3 lakhs per year, more than 3 lakhs - 5 lakhs per year, more than 5 lakhs up to 8 lakhs per year, and more than 8 lakhs up to 10 lakhs per year.
  • Students must have obtained a loan from a reputable bank and used funds from the loan account to cover their tuition costs while enrolled in classes. The total amount granted under the NBFA program will not exceed the budgeted amount for that academic year.
  • The participants' disciplinary histories will also be taken into consideration when awarding NBFAs.
  • The NBFA will only be granted for a portion of the tuition fee loan and will only be given out after the required proof of fee submission from the loan account has been received. Before the deadline set by the Scholarship Committee, those who are eligible should submit a complete application.
  • Applications received after the deadline won't be taken into consideration.  Applications that are complete and include all necessary documentation will be processed in the first round.

The need-based scholarships are specially created for deserving students who have trouble affording their education. 

The family's income determines whether a student qualifies for scholarships and how much financial aid will be given to them.

 If a student's family income is less than 1.5 LPA, then he/she shall be eligible for a 100% scholarship.

Eligibility For Scholarship(%)Family Income 
100<= 1.5 LPA
751.5 LPA - 3 LPA
503 LPA - 5 LPA
255 LPA - 8 LPA

Financial support for PhD candidates

  • Additionally, IIM Bodh Gaya will offer full-time Research Students (PhD) scholarships. All academic costs (including tuition, computer and library fees, and dorm fees) will be covered.
  • Selected candidates must provide a 30,000 rupee caution deposit at the time of registration. At the time of departure from the institute, any unpaid dues are subtracted from the caution money before it is returned.
  • The insurance cost will be taken out of the contingency grant each year.
  • The cost of books, stationery, journal subscriptions, professional annual membership fees (student rates) for one national and one international society, as well as travel connected to the thesis, will be covered by the contingency grant.
  • The institution retains the authority to impose additional fees on learners or to raise rates if necessary. Such revisions would be implemented with proper notice.
  • For two programs each year, a teaching assistantship is a requirement but is not compensated.
Scholarship for Ph.D. StudentsAdditional Financial Support
Stipend: Rs. 32,800/- each month until Comprehensive Exam
Both a one-time payment of Rs. 50,000 to buy a laptop and a contingency grant of Rs. 25,000 per year for four years are available. After passing the Comprehensive Exam, students will receive Rs. 175,000 for attending conferences.
Stipend: Rs. 32,800/- each month until Comprehensive Exam
Stipend after Thesis Proposal Approval: Rs. 39,300/- per month

IIM Bodh Gaya Scholarships offered by the Government

The Indian government offers a variety of scholarships that allow students to receive the necessary level of financial assistance while they are in school. You can view the official website for such specialized scholarships as those for PwD at 

Here is a curated list of scholarships at IIM Bodh Gaya that may be useful for students mostly in the PwD category:-

1. Class Education for SwDs (for Graduate and Postgraduate degree/ diploma courses in institutes of excellent education)

To qualify for this award, students must be enrolled in a graduate or postgraduate degree at an accredited institution.

The award is open to students whose parents' or guardians' combined annual income does not exceed INR 6,00,000. 

Components of ScholarshipRates Per Awardee
Maintenance AllowanceINR 3,000 /- per month for hostellers, INR 1,500/- per month for day-scho
Books and StationaryINR 5,000 /- per annum
Special Allowances (related to types of disabilities like reader allowance, escort allowance, helper allowance, etc.)INR 2,000 per month
Reimbursement of tuition fee and non-refundable charges per annum (subject to actual paid/ payable to the institute)Up to INR 2.00 lakh - per annum
Reimbursement of expenses-Purchase of a computer with accessoriesINR 30,000/- as a one-time grant for the entire course.
Reimbursement of expenses-the Purchase of Aids and Assistive Devices including necessary software related to the particular disability INR 30,000/- as a one-time grant for the entire course.

300 available scholarship slots.

2. National Overseas Scholarship (For Masters or Ph.D. in International Universities)

Students chosen for advanced programs outside of India may also qualify for scholarships from the Indian government if they follow a specific set of rules. 

To be eligible to apply for National Overseas Scholarships, a student's family's annual gross income cannot exceed INR 6,00,000. 

Components of ScholarshipRates Per Awardee
FellowshipINR 25,000 /- p.m. for initial two years (Junior Research Fellowship (JRF), INR28,000/- p.m. for remaining tenure (Senior Research Fellowship (SRF).
Contingency for Science, Engineering & TechnologyINR 12,000/- p.a. for initial two years INR 25,000/- p.a. for remaining tenure
Departmental Assistance (All subjects)INR 3,000 /- p.a. per student to the host assistance institute for providing infrastructure
Escort/ Reader (All subjects)INR 2,000 /- p.m. in cases of candidates assistance with physical and visual disabilities
Contingency for Humanities and Social Science(including Arts/ Fine-Arts) INR 10,000/- p.a. for initial two years INR 20,500/- p.a. for remaining tenure

20 slots are available for scholarships each year.

3. For M.Phil. and Ph.D. in Indian Universities: National Fellowship for PwDs

Students enrolled in any M.Phil. or Ph.D. program under the National Fellowship Program who fall under the PwD category are eligible to apply. The National Fellowship for PwDs does not have a cap on annual income. 

Selection Criteria

  • First class, 55% of the possible points, or an equivalent grade in a Master's degree in the field. For additional financial help, it is desirable that applicants have a job and an employer already. 
  • 55% points or an equivalent grade in the applicable Bachelor's degree are required for a master's degree. Candidates with experience would be given preference.

4. Scholarships for Girls

Among all of the aforementioned scholarships, there is a 50% quota set aside just for female applicants. Whether it's a Top Class Education Scholarship, a National Overseas Scholarship, or Free Coaching, the implication is there. 

Additionally, girls have a 30% allocated quota in the National Fellowship Financial Aid Programs to acquire this financial aid.

General Requirements for Scholarships from the Government of India

  • The scholarships are solely available to Indian nationals.
  • For students with disabilities (with more than 40% disability) who have a current certificate of disability, there are a total of 6 scholarships available.
  • Only two disabled children of the same parents will be eligible to receive assistance from the program. (Offered just in case the second child is a set of twins.)
  • Scholarships for taking any course or class will only be offered for a single academic year. A student who needs to repeat a class will not be eligible for a scholarship for that class in the following year. 
  • A recipient of a scholarship under this program may not hold any additional.

5. Central Sector Scheme for Top Class Education (merit-cum means) Scholarships for SC/ST:

 Awarded to deserving SC/ST students with families earning no more than Rs. 4,50,000 annually. Visit the national scholarship portal at for further information. 

6. The Ministry of Minority Affairs:

The Government of India awards Minority Welfare Scholarships (Merit-cum-Means) to students from minority communities whose household income does not exceed Rs. 2.50 lakhs annually. Visit the national scholarship portal at for further information. 

7. Central Sector Scheme for Top Class Education (Merit-cum-Means)' Scholarships for Disabled Students: 

Awarded to deserving DA/PWD students with family incomes of no more than Rs. 6,00,000. Visit the national scholarship portal at for further information. 

Scholarships offered by IIMA

1. IIMA's Special Needs-Based Scholarships include the following

All students accepted to the post-graduate programs (PGP & PGP-FABM) whose gross annual family income was less than Rs. 15,00,000 in the previous fiscal year are eligible to apply for this scholarship, subject to documentation of the family's income, the amount of educational debt taken out, the candidate's prior earnings, etc.

The entire income of the parent(s), guardian(s), and spouse (if married) is considered family income. There will be consideration for the income before taxes. The amount of financial assistance needed for each applicant will be determined by IIM-A based on its evaluation of the applicant's financial situation, which will take into account factors such as the family's movable and immovable assets, the number of dependents who depend on the family's income, and any other factors it may find relevant.

2. SC/ST Scholarships: All postgraduate SC/ST students are given a scholarship of Rs. 150 per month for ten months. 

IIMA Exit Scholarships

1. Financial aid for IIMA graduates who pursue entrepreneurship

The Institute has made the decision to start a program that would give two students from each batch a monthly stipend of Rs. 30,000 for a maximum of three consecutive years in an effort to encourage graduating students to become entrepreneurs. The program was introduced with the 2014–16 batch. The applicants must have business proposals and must elect to forego placement.

2. Scholarships for IIMA graduates joining "Not-for-Proft" organizations

Two students from each batch will receive financial aid for a maximum of three consecutive years in an effort to encourage students to choose careers in non-profit organizations. This will help the students pay back some of the bank loans they took out to attend IIMA. The program will begin with the class of 2015–17 graduates. The amount of financial aid per student might range from Rs. 3 to 4 lakhs annually. 

3. Students who graduate from IIMA and pursue PhD studies are eligible for assistance ships.

Two students will each get this grant for no more than three years in a row in an effort to encourage students to pursue Ph.D. degrees in India or abroad. It will be put into effect starting with the class of 2015–17 graduates. Scholarship amounts per student might range from Rs. 3 to 4 lakhs annually. 

Scholarships offered by Alumni 

1. PGP Alumni Endowment Funds: 

Each year, nine PGP 1 & PGP/FABM II students from economically and socially disadvantaged families get financial assistance according to their financial situation. Each student would be qualified for a sum between Rs. 200,000 and Rs. 300,000. Based on the kids' applications for the Special Needs-Based Scholarship, the pupils will be screened. In order to provide similar support to other students, it is envisaged that the recipient students will contribute in the future (within and not later than 5 to 7 years after graduating from the Institute) a sum at least equal to but ideally substantially higher than what they got. This is done to guarantee that the fund will always be able to assist several kids in need. 

Students may start making contributions one year after earning their IIMA degree. The only students who would receive financial aid would be those who agreed to make the aforementioned contributions. 

2. Class of PGP 2001, Peri Viswanath Scholarship:

This scholarship, which was established from the class of 2013–2015 by Mr. Peri Viswanath's fellow classmates after he passed away in a car accident, seeks to provide financial assistance to one PGP/PGP-FABM student. The scholar will receive Rs. 400,000 over a two-year period in addition to Rs. 200 000 every year. Merit combined with Means would be the criterion for the award. The merit criteria are first-year PGP/PGP-FABM performance, previous academic work, and a family income of less than Rs. 15,000 per year. It is expected that the beneficiary student will contribute in the future (within and not later than 5 to 7 years after graduating from the Institute) a sum at least equal to but preferably substantially more than what s/he received towards providing similar support to other students. This award will be given at the beginning of the second year. This is done to guarantee that the fund will always be able to assist several kids in needStudents may start making contributions one year after earning their IIMA degree. The student would only receive financial aid if they agreed to make the above-mentioned contributions. 

3. Shri GC Mital Entrepreneurship Aid: 

An amount of Rs. 200,000 is given each year to a graduating PGP/PGP-FABM student who plans to launch their own business instead of participating in the IIMA placement procedure. The following requirements must be met to qualify:

It is only available to students with an annual family income of less than Rs. 800,000 and an educational loan of at least Rs. 100,000. The applicant's business plan, which will be used to choose the awardee, must be submitted. On the day of convocation, the student would get the grant amount. The 2012 batch was used to implement this aid. 

4. Smt. J Nagamma Memorial Award: 

Given as a merit scholarship based on academic achievement to one PGP first-year student at the conclusion of the first year. The sum is 15,000 rupees. 

Scholarships offered by Industries/Corporations 

1. Aditya Birla Group Scholarships: 

The Aditya Birla Group offers these scholarships. About three deserving PGP I and PGP II students receive it. The Aditya Birla Group is solely responsible for the selection. Each student receives roughly Rs. 175,000 each year in awards.

2. Dunia Scholarships for Academic Achievement: 

This merit award was established by Dunia Finance LLC, Dubai, UAE, and offers two scholarships to PGP-I and PGP-II students. Each scholarship is worth Rs. 100,000. 

3. OP Jindal Engineering and Management Scholarship:

The OP Jindal Group offers the OP Jindal Engineering and Management Scholarship to one or two second-year PGP candidates. Academic standing, an online test, and a personal interview are taken into consideration while making the decision. A personal interview and an online test are used to decide. Each student will receive Rs. 150,000 annually.

4. T. Thomas Scholarship:

 Based on merit-plus-means standards, Hindustan Unilever Ltd. awards this scholarship to a second-year student. The sum is Rs. 100,000 annually. 

Please be aware that it is likely that the sponsoring organizations won't support all of these scholarships every year. 

General Requirements for All Scholarships and Financial Aid

Any applicant for one of these scholarships or other financial aid will not be taken into consideration if they have been determined to have broken the Institute's disciplinary standards or engaged in misconduct. The minimum grade point requirements for students to be eligible for scholarships may be set by the Institute's Financial Aid and Awards Committee. 

If the sponsors have no objections, a student may accept more than one scholarship or financial aid during the same academic year, as long as the combined amount does not exceed the actual yearly expenses (PGP fees and other charges plus boarding and lodging as well as personal expenses up to Rs. 30,000 per year) payable to IIMA during the same academic year. 

If a scholarship or financial assistance recipient obtains another scholarship or financial aid from a source other than the Institute, he or she should notify the admissions office immediately. 

The terms regulating the award of financial aid and scholarships are subject to modification at the Institute's and sponsor organizations' discretion. 

On the following grounds: (i) supplying incorrect information in the scholarship/financial aid application, (ii) breach of the Institute's disciplinary rules, and (iii) misbehavior, the Institute reserves the right to withdraw a scholarship or financial aid previously provided.

The Financial Aid and Awards Committee's decisions regarding distributing financial aid and scholarships are final. 

Frequently Asked Questions about IIM Bodh Gaya Scholarships

Q. Does IIM give full scholarship?

Ans. No matter their financial situation, IIM-A wants to give all applicants the chance to enroll in the PGP or PGP-FABM program at IIMA. In addition to the scholarships offered by the Indian Government, alumni, industries, and corporations, IIMA also grants a need-based scholarship.

Q. What is the total fees of IIM Bodh Gaya?

Ans. The entire cost of attendance for IIM Bodhgaya's MBA program ranges from INR 9.1 Lac to INR 32.6 Lac. For additional information, candidates can visit the IIM Bodhgaya official website.

Q. Do CAT toppers get scholarships?

Ans. CAT percentile of 90 or higher: INR 50,000 in scholarships each semester. For CAT percentiles between 80 and 80.99, there is a scholarship worth INR 40,000 every semester.

Q. Which is the cheapest IIM?

Ans. The MBA tuition at IIM Bodhgaya is the lowest. It currently costs 15.50 lakh Indian rupees. The MBA tuition at IIM Bodhgaya can be paid in installments, and financial aid options include loans and scholarships.

Q. Can I study in 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. But after joining, you'll learn about the different scholarships offered by other governments and organizations.

Q. What is the fees of 5 year course in IIM Bodh Gaya?

Ans. The total fee for 5-year course in IIM Bodh Gaya is ₹2850000 (5 Years)

Q. Is it easy to get into IIM Bodh Gaya?

Ans. The candidate's CAT, What, GD, and PI scores, as well as their academic standing, prior work experience, and other considerations, all play a role in the final decision. It is crucial to remember that IIM Bodh Gaya entrance is exceedingly tough, and only a select few applicants are accepted each year.

Q. How many seats are there in IIM Bodh Gaya?

Ans. For female candidates in the MBA program, 90 of the 210 available seats are supernumerary.

Q. How is life at IIM Bodh Gaya?

Ans. At IIM Bodhgaya, daily life is bustling, full of lessons and enjoyable extracurricular activities. The demanding program will motivate you to maximize your time at the institute.

Q. Is IIM Bodh Gaya campus ready?

Ans. The permanent campus development started in September 2020 and is anticipated to be finished by March 2023.