We all know that there are some scholarships that are provided by colleges and universities for their students. All candidates/students are not able to pay for college fees because of financial problems.

In this Formfee article, you will learn about the different types of IIM Jammu scholarship available to students as well as how they are awarded.

The most recent addition to the IIM family is,  the Indian Institute of Management Jammu. It was established in 2016 and now conducts its educational program out of the Old University Campus on Canal Road in Jammu. The new campus of IIM Jammu is being developed in Srinagar.

It is anticipated that the 200-acre, cutting-edge permanent campus will be situated 18 km from Jammu Airport and 14 km from Jammu City. IIM Jammu has done a fantastic job of connecting its graduates with esteemed companies ever since its foundation. ICICI Bank, Tech Mahindra, TATA Power, Hiranandani, and Deloitte are a few of these businesses. In addition to many other fields, the institute offers a broad range of management career roles in finance, business analysis, consulting, recruitment, and human resources.

Let’s start with our main topic of the article which is IIM Jammu Scholarship

IIM Jammu offers a range of degree programs under the headings of Faculty Development, Executive, Postgraduate, and Doctorate. IIM Jammu provides scholarship programs to worthy students in order to ensure unbiased education regardless of financial status.

An outline of the IIM Jammu Scholarship Information is provided below

Scholarship	Amount
Fellowships at IIM Jammu for PhD Students	35,000 per month (1st & 2nd year)40,000 per month (3rd & 4th year)
The International Scholarship Program  2023 of the Aga Khan Foundation	N.A.
Carlsberg Foundation Fellowships for Internationalization 2023	Research Allowance + Living Expenses + Other Benefits
Merit-Based Scholarships at IIM Jammu for EWS	1.5 lakhs per student

Fellowships at IIM Jammu for PhD Students

Research Scholars at IIM Jammu who work full-time are eligible for fellowships of IIM Jammu scholarship. The majority of educational expenses, such as living costs (food and lodging), tuition, computer, library, placement, and alumni fees, are paid for by IIM Jammu's fellowship programs. 

• Additionally, IIM Jammu will provide financing for full-time PhD research scholars. The costs of the computer, library, and tuition will all be covered. Dorm fees will also be covered.
• Selected candidates must provide a 30,000 rupee caution deposit at the time of registration. After subtracting any unpaid fees at the time of departure from the institute, the caution money is returned.
• The insurance payment will be subtracted from the contingency grant each year.
• The contingency grant will cover the cost of books, stationery, journal subscriptions, and professional annual membership fees (student pricing) for one national society and one foreign society, in addition, to travel expenditures linked to the thesis.
• The school reserves the right to change fees or impose additional expenses on pupils. After the proper notification, such adjustments would become operative.
• It is necessary to have an unpaid teaching assistantship for two programs per year.

Amount	Course
35,000 per month	1st and 2nd Year
40,000 per month	3rd and 4th Year

Additional Funding Assistance

Type	Amount
Type	Amount
Conference Grant	During the Ph.D. program, up to $200,000 following the passing of the comprehensive exam
Contingency Grant	40,000 annually for four years
To purchase Laptop	A one-time allowance of $50,000

Funding for Fellowship Initiatives

Grants from IIM Jammu's Fellowship Program are additional funds.

Fellowship Awards Grants

• All Indian resident scholars who have been admitted to the fellowship programs at IIM Jammu are eligible to apply for fellowship grants.
• The maximum period of the fellowship award is 45 months.
• The scholar is granted a fellowship stipend of Rs. 35,000 a month for the first and second years, provided that they pass the Comprehensive Exam at the end of the second year.
• After clearing the Comprehensive Examination, a stipend of Rs. 40,000 per month would be awarded starting in the third year.

Contingent Funding

• Any Indian resident scholar who has been admitted into one of IIM Jammu's fellowship programs is eligible for the Contingency Grant.
• The contingency allowance is granted for a maximum of five and a half years.
• The grant money can be used by the scholar to purchase software, hardware, books, stationery, and other items.
• For the first two years, a total of Rs. 10,000 is provided annually; for the next two years, an additional Rs. 15,000 is provided.
• The scholar is qualified to receive a one-time gift of Rs. 50,000 towards the purchase of a computer before the end of coursework. 

Conference Assistance

• A stipend of Rs. 1,40,000 is given for both travel and conference registration combined.
• A conference support grant is given out following the thesis proposal's successful submission for one international conference.
• It can also be used to attend up to one domestic conference in the third and fourth years, together with an additional Rs. 10,000 travel grant.
• Additionally, the scholar can be qualified to receive the award in order to participate in a local doctoral consortium, IISc, IGIDR, or an annual inter-IIM doctoral consortium. 

Merit-Based Scholarships at IIM Jammu for EWS

Twenty scholarships from Economically Weaker Sections (EWS) would be given to worthy students at IIM Jammu, according to reports in the media recently, including those from TOI Education and Daily Excelsior.

The initiative to provide these scholarships has been taken through the IIM Jammu Students Exchange Programme (SEP).

The IIM Jammu scholarship under SEP is expected to be worth INR 1.5 lakhs per student for EWS applicants. 

• In the first stage, the participants' financial needs will be determined by reviewing the students' applications. 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 aid will be determined by how well they perform in stages I and II of the screening process.
• Financial aid is often awarded at a level commensurate with the cost of attendance for that particular academic year. Payments under the NBFA are dependent on the family's income and are calculated as a percentage of the maximum amount specified. The following are the ranges of yearly income: up to 1.5 lakhs, 1.5 lakhs to 3 lakhs, 3 lakhs to 5 lakhs, 5 lakhs to 8 lakhs, and 10 lakhs to over 8 lakhs.
• It is necessary for students to obtain a loan from a reputable bank and use the funds from the loan account to cover their tuition during their stay in school. The total amount granted under the NBFA program will not exceed the amount allotted for that particular academic year.
• The participants' disciplinary histories will also be considered when awarding NBFAs.
• The NBFA will only cover a fraction of the tuition fee loan, and it won't be paid out until the required paperwork from the loan account confirming the fee submission is received. Those who meet the requirements ought to turn in a finished application by the deadline set by the Scholarship Committee.
• Applications received beyond the deadline won't be examined.  Applications that are thorough and include the necessary supporting materials will be processed in the first round.

The income of the student's family affects both the amount of financial aid provided to them and their eligibility for scholarships.

 If a student's household income is less than 1.5 LPA, they are qualified for a 100% scholarship.

International Students Scholarships at IIM Jammu

Below are the IIM Jammu scholarship programs, which are specifically offered to international students

Carlsberg Foundation Fellowships for Internationalization

•  IIM Jammu scholarship offers Internationalisation Fellowships at the Carlsberg Foundation, for only qualified students, this International Scholarship 2023 offers complete funding.
• Carlsberg Foundation for International Students is the organization that is offering the award. Candidates who accept Denmark nationals as their students are eligible for this prize.
• Any of the research areas that the Institutions provide can be pursued with the Carlsberg Scholarship. 
• Scholarship Reimbursement is the mixture of Research Allowance + Living Expenses + Other Benefits are worth for the scholarship.
• Students can go for further details and the official website is: https://www.carlsbergfondet.dk/en/Applicant/Apply/Call-and-Guidelines/Internationalisation-Fellowships

The International Scholarship Program of the Aga Khan Foundation

• The Aga Khan Foundation's International Scholarship Programme (ISP) 2023 is one of the many scholarships which is offered by IIM Jammu scholarship to international students.
• The Aga Khan Foundation offers international students a partial financing scholarship. Students who are from nations such as Canada, Bangladesh, Afghanistan, India, and others should be eligible for this scholarship. 
• This scholarship which is offered by IIM Jammu can be taken for pursuing any of the subjects offered by the universities. The value of the scholarship could vary on a number of factors like, the time, number of students, and other factors.  
• Below is the link for the Aga Khan Foundation's IIM Jammu Scholarship Programs: https://the.akdn/en/what-we-do/developing-human-capacity/education/international-scholarships.

Frequently Asked Questions About IIM Jammu Scholarships Details

Q. Is there scholarship in IIM Jammu?

Ans. Yes, IIM Jammu offers qualified students financial aid. Students can apply for the following scholarships through the following programs: Means versus Merit (MCM) and free mess (for every student who qualifies).

Q. What is the basis of selection of students for IIM Jammu Scholarships?

Ans. The selection criteria vary depending on the kind of scholarship. Scholarships, on the other hand, are awarded to students who meet the family financial requirements (if any) and have the best prior academic records.

Q. Can I get 100% scholarship for MBA in IIM?

Ans. As required by MHRD, every IIM offers some kind of need-based financial aid program. As part of this, the institute waives tuition fees up to 100% of the time, based on the applicant's need and financial situation. This aid is only provided based on financial need, not on merit or any other factor.

Q. Why IIM fees is so high?

Ans. When IIM was first founded, government funding was provided. After the necessary resources are available, IIMs operate independently and are not supported. They therefore impose fees. And it has to invest in databases, top-notch faculty, and guest speakers in order to keep up its status as a renowned institute.

Q. Which IIM has lowest fees?

Ans. For second-generation IIMs, like as IIM Ranchi, IIM Rohtak, IIM Kashipur, and IIM Udaipur, among others, the tuition costs between INR 15 lakhs and INR 20 lakhs.  Last but not least, IIM MBA tuition for the younger IIMs, such as IIM Bodh Gaya, IIM Nagpur, IIM Shillong, etc., begins at INR 13 LPA and can reach INR 20 LPA.

Q. Is there any scholarship offered by IIM Jammu to PhD students? 

Ans. Indeed, IIM Jammu offers research scholars and students unique fellowship allowances. 

Q. Is studying in IIM costly?

Ans. All of the IIMs have different MBA tuition costs, ranging from INR 16 lakh to INR 27 lakh. The top three universities have the highest IIM MBA tuition, which ranges from INR 24 to INR 27 lakhs. For recently opened institutes, the fees vary from INR 16 to INR 19 lakhs.

Q. How can I fund my IIM fees?

Ans. The majority of banks provide zero-margin premier loans, which lowers the cost of living expenses in addition to tuition. In light of this, if you're considering giving up on your goal of attending one of the IIMs, keep in mind that loans are easily obtained for IIM students.

Q. How much scholarship will I get at IIM?

Ans. A student may receive a scholarship worth between Rs. 3 and 4 lakhs annually. 2.4. Central Sector Scheme for Top Class Education (merit-cum-means)} Scholarships for SC/ST: given to deserving SC/ST students whose families make no more than Rs.

Q. Who is eligible for IIM scholarship?

Ans. Scholarship candidates at IIM Jammu must have a stellar academic record and a household income of no more than INR 8,00,000 annually.