IIM Sirmaur Scholarship

Did you know that all colleges offer scholarships to deserving students who wish to attend prestigious institutions but are unable to pay for their education? Every IIM offers a variety of scholarship opportunities. In this article by Formfee, you will get to know which are the different types of IIM Sirmaur's scholarship that are offered to the students and how. 

IIM Sirmaur, also called the Indian Institute of Management, is the newest member of the IIM family. Its academic excellence has been demonstrated since its launch in 2015 through a range of MBA specialties, placements, and international collaborations. IIM Sirmaur is a prominent B-school situated in the town of Paonta Sahib in the Indian state of Himachal Pradesh.

Providing excellent management education supported by practical experience is the only focus of the Indian Institute of Management Sirmaur. IIM Sirmaur offers a two-year MBA core program, executive MBA Courses, fellowship program, and other developmental programs in addition to its two-year management school in tourism and hospitality.

The Indian Institute of Management Sirmaur was established in 2015 and started operating under the direction of IIM Lucknow. It currently runs a campus at the Himachal Institute of Technology, Paonta Sahib, in the Himachal Pradesh region of Sirmaur. Currently, work is being done on a 210-acre plot of land next to the Ambala-Dehradun National Highway, which will eventually house IIM Sirmaur's permanent campus.

In addition to its well-known two-year MBA Program, the Indian Institute of Management Sirmaur offers graduate- and research-level management programs. Based on how well they did on the CAT, applicants are next selected for a written exam and interview. The curriculum at IIM Sirmaur features case studies from Harvard Business School, which promotes never-ending learning and is one of the school's key USPs.

IIM Sirmaur offers the MBA and MBA in Tourism Programs. The institute also offers an Ex-MBA in Digital Transformation and Analytics, an Executive MBA, and multiple Ph.D. degrees, including the Executive Ph.D. and Ph.D. (AICTE-QIP). There are occasionally more Management Development (MDP) Courses available. The two-year IM Sirmaur MBA Program costs INR 16 lakhs.

Let’s Start to Learn about the IIM Sirmaur Scholarship

Numerous IIM Sirmaur scholarships are available to IIM Sirmaur students. By assisting students in covering the expense of tuition for the institution's top-notch education, the IIM Sirmaur scholarship acts as a cornerstone for them.

The most well-known IIM Sirmaur award is the Need-Based Financial scholarship, which is a component of the school's internal scholarship program. Candidates can apply to be considered for the Need-Based Financial at IIM Sirmaur scholarship. Another term for it is financial aid for selected candidates based on need. The IIM Sirmaur committee responsible for the Need-Based Financial IIM Sirmaur Scholarship assesses candidates for this honor. The institute considers a number of aspects before awarding Need-Based Financial scholarships. These eligibility requirements are decided by the committee itself.

The IIM Sirmaur scholarships are designed to provide the financial support that students need. The goal of the institution is to guarantee that no qualified candidate will be turned away from IIM Sirmaur due to financial constraints. IIM Sirmaur understands how important it is to give its students exposure to global standards and current trends in order to improve their learning. 

It is encouraged for those with potential and abilities to apply to the institute. The IIM Sirmaur Scholarship is intended to help this particular category of deserving candidates. Candidates need help fulfilling the requirements for the fee. The organization provides Need-Based Financial IIM Sirmaur scholarships to certain participants who need financial aid. Need-based financials cover their tuition and other related expenses. No worthy participant should be denied access to a top-notch management and leadership education due to financial limitations. If the unrestricted structure seems tall and incomprehensible, the Need-Based Financial IIM Sirmaur scholarship may be of assistance.

Need-Based Financial Award: Participants who are having difficulty meeting their program requirements or paying their costs can apply for this award from IIM Sirmaur. A committee has been constituted by the Indian Institute of Management to oversee the Sirmaur scholarships. Before choosing which participants would receive the Need-Based Financial IIM Sirmaur scholarship, the committee considers a number of factors related to each participant's situation. Every year, this assessment is carried out by the committee that manages the IIM Sirmaur scholarships. The assets and income of the participant's family from the previous fiscal year are considered by the committee. The participants' academic records and disciplinary history are also considered before awarding an IIM Sirmaur scholarship.  

The Need-Based Scholarship is the primary scholarship program offered by IIM Sirmaur Scholarships. In this article, we will look at the numerous scholarships provided by IIM Sirmaur.

Types of IIM Sirmaur Scholarship

Below are some scholarships which are offered by the IIM Sirmaur:

• Particular Awards for Women
• Need-Based Financial Awards 
• Financial Support for Top Performers / Toppers 
• Assistance with Funds for Reserved Categories
• funding for doctoral students
• Startup Grants
• Contingent Grant
• Grant for Post-Proposal Stipend
• HRA Amount for House Rent Allowance
• Grants for National Conferences 
• Grants for International Conferences 

There are some other scholarships which are offered by  Ministries/Departments to candidates who are qualified under the Central Government Scholarship Scheme.

Authority	Name of the Scholarships
Department for Persons with Disabilities Empowerment	Scholarships for Students with Disabilities After Matriculationscholarships for kids with disabilities to attend prestigious universities.
Department of Labor and Employment	Financial Support for Post-Matric Education of the Wards of Beedi/Cine/IOMC/LSDM Workers
Minority Affairs Ministry	Minority Post-Matric Scholarship ProgramScholarship for Professional and Technical Courses in Merit Cum Means
Ministry of Empowerment and Social Justice	Excellent Educational Program for Students in the SC
Department of Indian Affairs	Only for scholarships is the National Fellowship and Scholarship for Higher Education of ST Students available. Previously known as the Top-Class Education for Schedule Tribe Students.
Department of Literacy & School Education	Scholarship via National Means Cum Merit
The Higher Education Department	scholarships for college and university students offered by the central government
WARB, the Ministry of Home Affairs	The Prime Minister's Scholarship Program for the Assam Rifles and the Central Armed Police ForcesThe Prime Minister's Scholarship Program for Spouses of State and UT Police Officers Killed in Terror or Naxal Attacks
DoNER, or the North Eastern Council	financial assistance (NEC Merit Scholarship) for NER students enrolled in advanced professional courses
RPF/RPSF, Ministry of Railways	Prime Minister's RPF/RPSF Scholarship Program

Now, discuss these scholarships one by one for better understanding.

Scholarship for Need-Based Financial Assistance (NBFA) at IIM Sirmaur:

Deserving people can apply for need-based financial assistance (NBFA) at IIM Sirmaur. Here are some key informational data regarding the NFBA scholarship.

Financial aid (NBFA) is provided by the Indian Institute of Management Sirmaur to all eligible applicants who are accepted into the Postgraduate Programme in Management (PGP). The Need-Based Financial Assistance (NBFA) program at IIM Sirmaur strives to guarantee that no participant's financial constraints keep them from enrolling in the institute's educational programs. The NBFA Committee uses two procedures to decide how much aid is given and to whom.

• The students' application will be examined in the first round in order to ascertain the participant's financial need. Depending on the results of the first round, some of the candidates might get invites to meet with the NBFA Committee. How well applicants perform in phases I and II of the review process will determine whether or not they are eligible for financial assistance.
• Usually, the amount of financial help is set at a level that is comparable to the tuition for that academic year. NBFA payouts are based on a percentage of the maximum amount specified, contingent upon the family's income. The annual income ranges are as follows: up to 1.5 lakhs, above 1.5 lakhs up to 3 lakhs, over 3 lakhs - 5 lakhs, over 5 lakhs up to 8 lakhs, and over 8 lakhs up to 10 lakhs.
• It is required that students take out a loan from a respectable bank and pay for their tuition during their time in school using money from the loan account. The entire amount awarded through the NBFA program will not surpass the allocated sum for that academic year.
• When giving out NBFAs, the disciplinary records of the participants will also be taken into account.
• Only a portion of the tuition fee loan will be covered by the NBFA, and it will only be disbursed following receipt of the necessary documentation from the loan account proving the fee submission. Those who qualify should submit a completed application by the time established by the Scholarship Committee.
• Applications that are submitted after the deadline will not be reviewed. In the first round, applications that are comprehensive and have all required documentation will be processed.

The need-based scholarships are intended specifically for worthy students who are struggling to pay for their education. The amount of financial aid awarded to a student and their eligibility for scholarships are determined by their family's income. A student is eligible for a 100% scholarship if their household income is less than 1.5 LPA.

Eligibility For Scholarship(%)	Family Income
100	<= 1.5 LPA
75	1.5 LPA - 3 LPA
50	3 LPA - 5 LPA
25	5 LPA - 8 LPA

Financial Support for PhD Candidates

• Furthermore, funding for full-time PhD research students will be available from IIM Sirmaur. Tuition, library, and computer expenses, as well as dorm fees, will all be paid for.
• At the time of registration, selected candidates are required to furnish a caution deposit of 30,000 rupees. The caution money is refunded after deducting any outstanding fees at the time of departure from the institute.
• Every year, the insurance premium will be deducted from the contingency grant.
• The contingency grant will pay for thesis-related travel expenses as well as the cost of books, stationery, journal subscriptions, and professional annual membership fees (student prices) for one national and one foreign society.
• If required, the school maintains the right to adjust rates or charge students additional costs. Such changes would take effect after due notification.
• A teaching assistantship is required, albeit unpaid, for two programs each year.

Scholarship for Ph.D. Students	Additional Financial Support
Conference Grant	3,00,000
Fellowship	30,000 - 35,000
Contingency Grant	1,25,000

Grants for Fellowship Programs

Grants from the Fellowship Program are extra money provided by IIM Sirmaur.

Grants for Fellowships

• Fellowship Grants are available to all Indian resident scholars who have been accepted into IIM Sirmaur's fellowship programs.
• The fellowship award is granted for a maximum of 45 months.
• During the first and second years, the scholar receives a fellowship stipend of Rs. 35,000 a month, which is awarded until the scholar passes the Comprehensive Exam at the conclusion of the second year.
• From the third year onward, a stipend of Rs. 40,000 per month will be granted upon passing the Comprehensive Examination.

Contingent Funding

• The Contingency Grant is available to any Indian resident scholar who has been accepted into one of IIM Sirmaur's fellowship programs.
• Up to five and a half years are allotted for the contingency allowance.
• The scholar may buy books, stationery, computer hardware, software, etc. with the grant money.
• An annual sum of Rs. 10,000 is supplied for the first two years, and then an additional amount of Rs. 15,000 is given for the next two years.
• Before the end of coursework, the scholar is eligible to receive a one-time gift of Rs. 50,000 towards the purchase of a computer. 

Conference Assistance

• A combined travel and conference registration grant of Rs. 1,40,000 is awarded.
• After the thesis proposal is successfully submitted for one international conference, a conference support grant is awarded.
• During the third and fourth years, it can also be used to attend a maximum of one domestic conference in addition to an extra Rs. 10,000 travel grant.
• The scholar may also be eligible for the award in order to attend an annual inter-IIM doctoral consortium organized by IIMs, IISc, IGIDR, or a local doctoral consortium. 

Grant for Post-Proposal Stipend

Students receive a post-proposal stipend award of INR 30,000 plus an additional Rs. 2,000, or Rs. 32,000, per month as stipend.

HRA Amount for House Rent Allowance

Students who live off campus are given an HRA, which is paid monthly and amounts to INR 5000.

Merit Cum Means Technical and Professional Course Scholarships 

Only worthy minority candidates with modest annual family incomes are awarded the Merit Cum Means Scholarship for Professional and Technical Courses. The prize has been thoughtfully created to assist students who are studying for technical and professional degrees. 

• Merit-cum means-based scholarships offer low-income students from diverse ethnic backgrounds financial support.
• Students who wish to study professional and technical courses and have good academic records can apply for the IIM Sirmaur Scholarship at Merit-cum-means.
• A cumulative grade point average of greater than 50% is required of the students (or an equivalent grade in the prior final test). 
• The parents' or guardians' combined annual income should not be more than INR 2.50 lakhs.
• Under Section 2(c) of the National Commission for Minorities Act, 1992, students who identify as members of minority groups, including Muslims, Sikhs, Christians, Buddhists, Jainites, and Zoroastrians (Parsis), are eligible to apply for IIM Sirmaur Scholarships.
• A total of 60,000 scholarship seats are up for grabs, both as new and renewed scholarships.

The available amount under the Merit Cum Means Scholarship 

Particulars	Scholarship Amount
Maintenance Allowance	INR 1,000 monthly for students residing in hostels and INR 500 monthly for day scholars (for 10 months).
Course Fee	INR 20,000 per year subject to actuals whichever is less, (for both Hosteller & Day-Scholar).

Scholarships for College and University Students Offered by the Central Government

• Financial aid is provided to worthy students from Scheduled Castes who want to pursue degree programs under the Central Sector Scholarship Scheme. 
• Students whose family income does not exceed INR 4.5 lakh annually are eligible for CSS Scholarships.
• Important costs including tuition, non-refundable fees, lodging and board, books and stationery, and the first year's worth of IT equipment are all covered by the scholarship amount.
• Eighty-two thousand seats are made available each year as new scholarships for professional courses and graduate or postgraduate study at colleges and universities.
• Eligible students may apply for the scholarships via the NSP Portal at https://scholarships.gov.in when they become available.

The IIM Sirmaur Scholarship Amount Under the Central Sector Scheme:

Qualification Level	Scholarship Amount
Post Graduation level	INR 20,000 per year
Graduation level- for the first 3 years	INR 12,000 per year
Integrated courses (in 4th and 5th years)	INR 20,000 per year

National Fellowship & Scholarship (Central Sector Scheme, CSS) for Students from Scheduled Tribes Seeking Higher Education

• ST students can receive financial aid through the IIM Sirmaur scholarship, formerly known as the Top Class Education for Scheduled Tribe Students.
• Scholarships for National Fellowships are offered to students pursuing advanced degrees, including M.Phil., Ph.D., and integrated M.Phil. + Ph.D. 
• In order to qualify for National Fellowship Scholarships, students must have completed their graduate studies at a recognized university with a minimum of 55%. Merit will be the determining factor in selecting the students. 
• The National Fellowship Programs do not have any specific income restrictions for students to be eligible. 
• As of July 1st, the year the scholarship is awarded, the maximum age for National Fellowship Scholarships should be 36 years of age.
• To be eligible for the National Fellowship and Scholarship for Higher Education of Scheduled Tribe Students (Central Sector Scheme), students must have finished their Master's degree exams.
• Pupils will be selected based on their qualifications. Students who meet the requirements can apply online at https://fellowship.tribal.gov.in for the scholarships. 
• There are 750 spots available in the National Fellowship and Scholarship programs combined. 
• In the event that there are more applicants than spots available for the fellowship program, the final selection process will take post-graduation grades into account.

National Fellowship and Scholarship for Scheduled Tribe Students' Higher Education (Central Sector Scheme): Eligibility and Duration of the IIM Sirmaur Scholarship for M.Phil. and Ph.D.

Course	Eligibility	Duration
Ph.D.	Qualification: Minimum 55% marks at the final examination at the post-graduate level from a recognized university. Income Criteria: There are no income criteria for the eligible students under the National Fellowship and Scholarship. Age Limit: The maximum age limit for eligibility is 36 years, as of the first day of July in the year when the scholarship is awarded.	5 years or the date of submission of the dissertation, whichever is earlier.
M.Phil.		2 years or the date of submission of the dissertation, whichever is earlier.
M.Phil. + Ph.D.		A total of 5 years or the date of submission of the dissertation, whichever is earlier.

The National Fellowship and Scholarship program reimburses program fees and other expenses. The compensation amount for each course and stream is listed below;

Amount of Reimbursement in National Fellowship & Scholarship:

Course	Stream	Contingency Annually	Scholarship
Ph. D	Humanities and Social Sciences	INR 20,500	INR 31,000 for the first two years and INR 35000 for the remaining 3 years
	Science / Engineering Technology	INR 25,000
M.Phil.	Humanities and Social Sciences	INR 10,000	INR 31000
	Science / Engineering Technology	INR 12,000
Escort Allowance for Divyangjan (monthly): INR 2000 (at par with UGC rates)
HRA for all the courses (monthly): Equal to UGC rates (8%/16%/24% based on the city)

Particular Grants for Women

Scholarships particularly earmarked for women now have defined quotas, with the aim of encouraging women to move into the workforce and business sector. These grants are open to women who want to use courses in action to help them get into business or the workforce.

How to Apply for Scholarships at IIM Sirmaur? 

The procedure for applying for scholarships at IIM Sirmaur is simple and entails selecting the appropriate financial aid option and preparing the necessary paperwork. 

Step 1: Go to the official scholarship application website, https://www.iimsirmaur.ac.in/, or any other official portal.

Step 2: Find the appropriate financial aid that satisfies your needs and the prerequisite qualifications. 

Step 3: Find the required papers to be uploaded after reviewing the eligibility requirements that you meet. Although the supporting materials required for each scholarship may vary, some standard materials usually include: -

• A scanned copy of the photo in passport size
• Scanned copies of the grade 10 and 12 transcripts
• A scanned copy of your prior degree transcripts, if you're applying to graduate schools. 
• A digital signature copy 
• Documentation of family earnings and personal (if any).

Step 4: Submit an application for the scholarship and watch for the outcome and acceptance. Save the produced temporary or permanent ID for later use.

Frequently Asked Questions about IIM Sirmaur Scholarship

Q. Can I get 100% scholarship for IIM?

Ans. Nonetheless, need- and merit-based scholarships are available at all IIMs to assist students in covering their tuition costs. For need-based scholarships, the committee evaluates each applicant's financial situation in the majority of situations; nonetheless, no applicant is typically given a 100% scholarship.

Q. Do IIM students get scholarship?

Ans. Based on CAT scores, prestigious IIMs, and other B schools award CAT scholarships. Government-aided and unique scholarships are awarded to students by prestigious IIMs such as IIM Ahmedabad, Lucknow, and Bangalore, on the basis of their CAT Scores, academic standing, and socioeconomic background.

Q. Do CAT toppers get scholarship?

Ans. CAT Percentile of 90 or higher: scholarships of INR 50,000 every semester. Scholarship for CAT Percentiles between 80 and 80.99 worth of INR 40,000 every semester.

Q. Who is eligible for IIM scholarship?

Ans. Any PGP student whose family income is less than INR 8,00,000 per year is qualified to apply for financial aid. We also take into consideration other students who have serious financial challenges as a result of unexpected events that happened suddenly.

Q. Do IIM students get loans?

Ans. Students who are accepted into a prominent university like IIM can also benefit from lower loan interest rates than they would at other kinds of universities. Benefit recipients who are women are eligible for a 0.5% rate reduction on student loans from banks like SBI and Bank of Baroda.

Q. How many scholarships are provided by IIM Sirmaur?

Ans. Yes, at IIM Sirmaur, there are numerous scholarship programs and schemes that are updated annually for students. Scholarships based on merit and need are two examples of such programs that are offered all year round.

Q. Name some of the best scholarships available for students at IIM Sirmaur?

Ans. The best kinds of scholarships available to students with modest family income and strong academic credentials are need- and merit-based ones. 

Q. What are the major benefits of availing financial assistance while at IIM Sirmaur?

Ans. These scholarships at IIM Sirmaur were established to assist deserving students in continuing their studies and degree programs without hindrance, as not all exceptional students come from wealthy families. 

Q. How one could be eligible for applying into scholarship programs?

Ans. In order to be qualified to apply for a scholarship program, a student must meet the minimal family income requirements as well as the standards of the scholarship provider, which include a strong academic record. Other elements are also taken into account, such as the students' prior wages (if any).

Q. Is IIM free for CAT students?

Ans. Approximately 1.5 to 2 lakh students take the CAT Exam each year. The cost of attending an IIM can range from INR 13 lakhs to INR 25 lakhs. While this may seem expensive to some, the information, experience, and career opportunities these universities provide make it well worth the investment.