IIM Raipur Scholarships

MBA programs offered by IIMs are renowned for their comprehensive curriculum, exceptional faculty, and industry connections. However, individuals from financially disadvantaged backgrounds, find these institutes costly. This is because of the huge amount of fee that is required during admissions including tuition fees, living expenses, study materials, and other related expenses.

To ease the financial burden on students from low family incomes and ensure that deserving candidates can pursue advanced management programs at IIMs, these premium B-schools, along with various ministries have established a variety of initiatives to offer financial support to students. These initiatives follow specific guidelines and eligibility criteria.

IIM Raipur has taken the initiative to implement several Need-Based Financial Assistance (NBFA) scholarship schemes, to support students coming from financially disadvantaged backgrounds. Other than the need-based financial assistance, there are provisions to apply for various government scholarships based on merit or a combination of merit and financial need.

The most prominent scholarship at IIM Raipur is the NBFA scholarship which is an internal financial assistance program. Candidates can apply for the NBFA at the institute to avail themselves of its benefits. The NBFA scholarship is provided based on different parameters. The financial eligibility requirement for this financial assistance is a family income below INR 2 lakhs.

The institute admits a total of 331 students to its two-year MBA program, and the total program fee is INR 16.10 lakhs. IIM Raipur scholarships are given in the form of fee waivers in the MBA program fees and the reimbursement amount depends on the financial requirements of eligible applicants. Students are also allowed to apply for educational loans from banks during admissions.

During the IIM Raipur admission process, the institution provides complete information about the available financial assistance schemes. IIM Raipur scholarships are a backbone to its students by supporting them to meet the tuition fee requirement for management education at the institute.

IIM Raipur Scholarships Categories

• Merit-Based Scholarships
• Government Scholarships
• Fellowship for Ph.D. students

IIM Raipur Merit-Based Scholarships

IIM Raipur offers merit-based scholarships to MBA students including Need-Based Financial Assistance. The NBFA provided at the institute has set the financial eligibility criteria of an annual family income of up to INR 2 lakhs.

Government Scholarships offered at IIM Raipur

The institute facilitates several government scholarships and financial assistance for the students. Most of the government scholarships offered at IIM Raipur are provided in the form of tuition fee waivers.

The Central Sector Scholarships for The Top-Class Education of SC/ST students and the National Fellowship and Scholarships for ST students require specific income criteria along with academic excellence.

The following scholarships are available at IIM Raipur;

• SC/ST Need-Based Scholarship
• Central Sector Scheme of Scholarships for College and University Students
• Central Sector Scholarship of Top-Class Education for SC Students
• National Fellowship and Scholarship for Higher Education of ST Students
• Scholarship for Top Class Education of Students with Disabilities

Have a detailed look at each of the government scholarships offered at IIM Raipur to understand the details and eligibility requirements;

SC/ST Need-Based Scholarship

The SC/ST Need-based scholarship is sponsored by the MHRD of the Government of India and is offered to students having an excellent academic background. It is awarded to the students based on their family income and CGPA in the previous academic year.

Students should score a minimum CGPA of 6.5 and a Grade not less than C+. The annual family income must be within INR 2 lakhs. This scholarship can offer a complete fee waiver for selected students.

Central Sector Scheme of Scholarships for College and University Students 

The Central Sector Scheme of Scholarships for College and University Students provides financial assistance to students from low-income families to pursue degree programs. 

• Students with a family income of up to INR 4.5 lakh per year are eligible.
• A total of 82,000 scholarship seats are available
• Students pursuing graduate or postgraduate courses in colleges and universities can benefit from this scheme.

Central Sector Scholarship of Top-Class Education for SC Students 

The Central Sector Scholarship of Top-Class Education for SC students is available to those who pursue degree programs. The scholarship is awarded based on annual family income for the previous financial year. 

• This is a Ministry of Social Justice and Empowerment-sponsored scholarship.
• Scheduled Caste (SC) category students with an annual family income of up to INR 8 lakh can apply for this scholarship.
• Since the scholarship is provided by the GOI, the institute does not assist with the application process and eligible students must apply through the National Scholarship Portal (NSP). 
• It offers reimbursement that covers expenses such as tuition fees, nonrefundable charges, lodging and boarding charges, books and stationery costs, and the cost of IT equipment for the first year.

National Fellowship and Scholarship for Higher Education of ST Students

• National fellowship and scholarship for higher education of ST students is available for those pursuing higher degree courses like M.Phil., and Ph.D.
• Applicants must have passed their Master's Degree final examination.
• The selection will be based on merit and eligible students can apply through the official website, https://fellowship.tribal.gov.in.
• There are a total of 750 scholarship seats available under the National Fellowship program.

Central Sector Scholarship of Top-Class Education for Students with Disabilities

• Central sector scholarship of top-class education for students with disabilities is offered to those pursuing UG/PG/Diploma programs.
• The scheme is initiated by the Department of Empowerment of Persons with Disabilities, Government of India.
• Students with more than 40% disability can apply for the scholarship by submitting valid certificates through the NSP portal.
• The gross annual family income must be less than INR 6 lakhs to be eligible. 
• A total of 300 scholarship seats are available under this scheme.

IIM Raipur Fellowship for Ph.D. Students

IIM Raipur offers fellowship grants to Ph.D. students. The financial assistance offered to full-time research scholars covers various academic expenses and other necessities. The scholarship program encompasses a waiver of tuition fees, access to the library and computer facilities, as well as accommodation in the hostel.

This initiative is designed to reduce the financial burden on scholars, allowing them to focus on their research and academic pursuits without worrying about the associated costs. IIM Raipur fellowship for Ph.D. students aims to promote a conducive environment for scholarly growth and facilitate the pursuit of knowledge and research excellence.

IIM Raipur scholarships and scholarship amounts aided to deserving Ph.D. students as follows:

Scholarship	Amount
1st and 2nd Year	INR 35,000 per month
3rd and 4th Year	INR 40,000 per month
To attend International and National Conferences	Up to INR 1,50,000
Contingency Grant	INR 40,000 per year
Purchase of PC/Laptop	INR 50,000 as a one-time grant

• A scholarship of INR 40,000 per month will be provided to IIM Raipur Ph.D. scholars in the 3^rd year after completion of two years and clearance of Comprehensive whichever is later.
• Selected scholars need to pay a caution deposit of INR 30,000 at the time of registration. Caution deposit is refundable after adjusting dues, if any, at the time of leaving the Institute.
• Insurance premiums will be deducted from the Contingency Grant every year.
• A contingency Grant will be available for the purchase of books, stationary, journal subscriptions, professional annual membership fees of one national and one international society, computer software, and travel related to thesis work.
• IIM Raipur reserves the right to charge any other fees from the students or increase the fees if considered necessary. Due notice would be given while making such changes.
• If any self-sponsored candidates want to join full-time FPM, the applicant has to pay the fee as applicable to the Executive Fellow Program in Management.

IIM Raipur Courses, Fees, and Eligibility 

IIM Raipur Courses	IIM Raipur Course Fees	Eligibility Criteria
PGP	INR 16.10 lakhs	Bachelor’s Degree with 50% marks
ePGP	INR 13.25 lakhs	Bachelor’s Degree with 50% marks + 3 years of managerial/ entrepreneurial/ professional experience.
ePGP-HRM	INR 13.25 lakhs	Bachelor’s degree with a minimum aggregate of 60% marks + 3 years of full-time work experience in a Professional/ Managerial/ Entrepreneurial role, and age not above 25 years.
PGPMW	INR 13.25 lakhs	Bachelor’s degree with 50% + full-time working executives with 3 years of experience.
Ph.D.	NIL	A Master’s degree/PGP from IIMs or its equivalent in any discipline with a minimum 60% aggregate marks or equivalent CGPA. OR Professional qualifications such as CA/ICWA with graduation and CS with B. Com degree along with minimum 60% aggregate marks or equivalent CGPA. OR 4-year Bachelor’s Degree in Engineering (B. Tech/ B. Arch) with a minimum CGPA of 6.5 or equivalent. OR 5-year Integrated Master’s degree program in any discipline, with at least 60% aggregate marks, obtained after completing 10+2 or equivalent.

IIM Raipur Loan Schemes 

The institute assists students in obtaining educational loans with the help of nationalized banks. Students who wish to avail of this opportunity must enter into a mutual agreement for the procurement and repayment of loans. However, candidates must note that IIM Raipur does not have any obligations connected with the loan.

Frequently Asked Questions about IIM Raipur Scholarships

Q. What is the aim of providing need-based or merit-based IIM Raipur scholarships?

Ans. IIM Raipur aims to provide equal opportunities to learn and succeed in terms of higher education, hence providing scholarships. Meritorious students are considered for financial assistance or scholarships at the institute irrespective of their gender, caste, or background.

Q. Is there any financial support for reserved categories at IIM Raipur? 

Ans. Yes, IIM Raipur provides need-based scholarships to SC/ST students. The institute also facilitates several government scholarships, including the Top-Class Scholarship Scheme for SC students and the National Fellowship & Scholarship for ST students.

Q. Are there any course-wise IIM Raipur scholarships? 

Ans. Most of the financial aid programs are distributed among all students irrespective of which courses they are enrolled in. However, IIM Raipur offers fellowships to Ph.D. students and there may be varying terms and conditions. 

Q. Do Ph.D. students get any IIM Raipur scholarships?

Ans. IIM Raipur provides special fellowships for Doctor of Philosophy (Ph.D.) students. Students having a good academic background and passion to complete their doctoral program in time at the institute are allowed to avail of such scholarships.

Q. How much is the amount reimbursed for Ph.D. scholarships at IIM Raipur? 

Ans. During 1^st and 2^nd year, an amount of INR 35,000 is reimbursed while in 3^rd and 4^th year, an amount of INR 40,000 is reimbursed. Moreover, there is an additional contingency amount worth INR 40,000, a one-time grant to purchase a PC/Laptop worth INR 50,000, and an International Conference grant, of up to INR 1,50,000 is given to eligible students. 

The full-time Research Scholars are provided financial assistance for all academic and other expenses at IIM Raipur and the details are mentioned below:

Tuition Fee	Waived
Library Fee	Waived
Computer Fee	Waived
Hostel Fee	Waived
Alumni Association	INR 6,000
Mess Charges	INR 4,000 per month

Scholarship	Amount
1st and 2nd Year	INR 35,000 per month
3rd and 4th Year	INR 40,000 per month
To attend International and National Conferences	Up to INR 1,50,000
Contingency Grant	INR 40,000 per year
Purchase of PC/Laptop	INR 50,000 as a one-time grant

• A scholarship of INR 40,000 per month will be provided to IIM Raipur Ph.D. scholars in the 3^rd year after completion of two years and clearance of Comprehensive whichever is later.
• Selected scholars need to pay a caution deposit of INR 30,000 at the time of registration. Caution deposit is refundable after adjusting dues, if any, at the time of leaving the Institute.
• A contingency Grant will be available for the purchase of books, stationary, journal subscriptions, professional annual membership fees of one national and one international society, computer software, and travel related to thesis work.

Q. Are students allowed to use educational loans as financial support in IIM Raipur? 

Ans. Yes, IIM Raipur assists students in obtaining educational loans with the help of nationalized banks. Students who wish to avail of this opportunity must enter into a mutual agreement for the procurement and repayment of loans. However, the institute does not have any obligations connected with the loan.

There are various educational loans that students can avail of with the help of nationalized banks as intermediaries while they pursue management courses at IIM Raipur. Students must research interest rates, asset value, etc. in advance. 

Q. What is the MBA fee at IIM Raipur?

Ans. The MBA fee at IIM Raipur is INR 16.10 lakhs.

Q. Is IIM Raipur a government institute or a private institute?

Ans. The Indian Institute of Management Raipur (IIM Raipur) was established by the Government of India in 2010 under the Ministry of Human Resource Development (MHRD), now known as the Ministry of Education (MOE).

Q. What is the CAT score required for IIM Raipur?

Ans. IIM Raipur CAT cut-off to get MBA admission is 92 percentile for the general category students.

Q. How can I get selected for IIM Raipur MBA?

Ans. The selection of candidates for IIM Raipur MBA/PGP is based on the final composite score calculated for each category, including General, EWS, NC-OBC, SC, and ST.

The final selection will be based on various parameters that include the CAT score, PI score, VARC section score, and overall profile of the candidate.

IIM Raipur cut-off depends on several factors like the highest score of previous years, the number of MBA seats available at the institute, the number of applicants, the average CAT score of applicants, and the difficulty level of the CAT exam.

Q. What is the salary offered to IIM Raipur Executive MBA?

Ans. The highest salary offered to IIM Raipur Executive MBA is INR 67 lakhs.

Q. Is an IIM Raipur MBA worth it?

Ans. Yes, IIM Raipur ranks among the top management institutions in India, with an impressive 100% placement record.

Q. Can I get full scholarships for an MBA at IIM Raipur?

Ans. It is not possible to get a full scholarship at IIM Raipur. However, the institute offers merit-based scholarships and government scholarships in the form of fee waivers, which can cover various expenses, including tuition fees.

Q. How to maintain the IIM Raipur scholarships? Are there any academic requirements?

Ans. IIM Raipur scholarships comprise Need-based and Merit-based financial assistance for degree programs. Students are eligible for these scholarships if they have a decent academic record and meet the minimum family income requirements set by the institute.

For example, the MHRD-sponsored SC/ST Need-based scholarship is offered to students having an excellent academic background. It is awarded to the students based on their family income and CGPA in the previous academic year.

Students should score a minimum CGPA of 6.5 and a Grade not less than C+. The annual family income must be within INR 2 lakhs. This scholarship can offer a complete fee waiver for selected students.

Q. What is the MBA admission procedure at IIM Raipur?

Ans. IIM Raipur MBA admission process is given below;

• Applicants must appear for the Common Admission Test. 
• The candidates who will clear the IIM Raipur CAT cut-off, will be incited for personal interviews.
• Personal interviews for the shortlisted candidates will be conducted through the CAP.
• The final selection to IIM Raipur MBA will be based on factors such as overall and sectional CAT percentile, PI score, VARC section score, and overall profile of the candidate.

Q. Can I get multiple scholarships at IIM Raipur to reduce my financial burden?

Ans. IIM Raipur offers need-based scholarships and facilitates several government scholarships. Students can avail themselves of either institute scholarships or government scholarships. Additionally, they are allowed to apply for educational loans from nationalized banks during admission.

Q. What is the IIM Raipur hostel fee?

Ans. IIM Raipur Hostel fee is INR 86.40k per year.

Accommodation Type	Fee Structure
For Male Students	INR 86.40k per year
For Female Students	INR 86.40k per year

Q. What is the tuition fee for the IIM Raipur MBA?

Ans. The average MBA fee at IIM Raipur ranges from INR 2.5 lakhs to INR 25 lakhs including accommodation charges, library fees, and alumni fees. Candidates who wish to study PGP/MBA at IIM Raipur are required to spend a minimum of INR 14.5 lakhs as the tuition fee.