IIM Trichy Scholarships

Prestigious management institutions like the IIMs and other top B-schools in the country are renowned for offering top-notch management education. However, MBA programs at these institutions can be financially demanding. To address this, these leading management schools acknowledge the difficulties that students from economically disadvantaged backgrounds may encounter and provide a variety of financial assistance options to such students. Students with exceptional academic records and limited annual family incomes receive financial aid to enable them to pursue their studies at these institutions. Additionally, these schools actively facilitate numerous scholarship programs provided by central and state governments, targeting deserving candidates who meet specific eligibility criteria. IIM Trichy is one such institution that extends financial assistance to MBA students hailing from economically challenged backgrounds. It is firmly committed to ensuring that no student is denied education opportunities due to financial limitations. Consequently, it provides financial support to students with limited financial means to cover the expenses associated with the MBA program. The financial eligibility requirement for this assistance is an annual family income below INR 4.5 lakhs. Eligible students are presented with the choice to benefit from either the financial aid provided by the Institute or scholarships offered by various Ministries of the Government of India.

IIM Trichy scholarships or financial assistance are given in the form of fee waivers in the MBA program fees and the reimbursement amount is determined based on the assessment of the financial requirements of eligible applicants. The selection of students for financial assistance is determined by several factors, such as combined annual family income, creditworthiness, and student loan availability. Information regarding scholarships and other financial aid programs will be provided to students after the IIM Trichy admission process is completed. The institute admits a total of 410 students to its two-year MBA programs (PGPM and PGPM-HR), and the total program fee is INR 19.50 lakhs. IIM Trichy scholarships are a valuable opportunity for students who excel academically but have limited financial resources. If a scholarship or financial aid recipient obtains additional financial support from sources outside the institute, they must inform the PGPM office. Apart from IIM Trichy scholarships, the institute assists students in securing educational loans from banks during admissions. Several partnered banks offer funding to cover most of the tuition and MBA program fees at IIMs. However, students should verify interest rates and other loan terms directly with the banks to ensure accuracy.

The following IIM Trichy scholarships are available at the institute;

• Central Sector Scholarship of Top-Class Education for SC students
• Central Sector Scholarship of Top-Class Education for ST students
• Merit cum Means-based Scholarship for Minority Community Students
• Fellowships for Doctoral Program Management (DPM) students
• Central Sector Scholarship Scheme for Top-Class Education for Students with Disabilities
• National Handicapped Finance and Development Corporation Scholarship Scheme

Have a detailed look at each of the IIM Trichy scholarships to understand the details and eligibility criteria;

Central Sector Scholarship of Top-Class Education for SC Students 

The Central Sector Scholarship for Top-Class Education is offered to SC students to support them in pursuing degree programs. It is provided based on their annual family income for the previous financial year. 

• The scholarship is initiated by the Ministry of Social Justice and Empowerment.
• Scheduled Castes (SC) category students with a net annual family income of up to INR 8 lakh can apply for this scholarship.
• Eligible students can apply through the National Scholarship Portal (NSP) when the application process begins. 
• The scholarship scheme 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.

The Amount offered under the Central Sector Scholarship:

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

Central Sector Scholarship of Top-Class Education for ST Students 

The Central Sector Scholarship for Top-Class Education is offered to ST students to support them in pursuing degree programs. The scholarship is provided based on their annual family income for the previous financial year. 

• The scholarship is initiated by the Ministry of Social Justice and Empowerment.
• Scheduled Tribe (ST) category students with a net annual family income of up to INR 8 lakh can apply for this scholarship.
• Eligible students can apply through the National Scholarship Portal (NSP) when the application process begins. 
• The scholarship scheme 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.

The Amount offered under the Central Sector Scholarship:

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

Merit-cum means-based Scholarship Scheme for Minority Communities 

The Merit-cum means-based Scholarship Scheme for minority communities provides financial aid to meritorious students hailing from families with low annual incomes and belonging to various minority communities.  

• Initiated by the Ministry of Minority Affairs, this scheme aims to provide support to students who are pursuing technical and professional courses.
• Students must have obtained 50% marks or equivalent grades in the previous final examination and a combined annual family income from all sources that does not exceed INR 2.50 lakhs to be eligible for this scholarship.
• The minority communities eligible for the merit-cum means-based scholarship are Muslims, Sikhs, Christians, Buddhists, Jain, and Zoroastrians (Parsis) under Section 2 (c) of the National Commission for Minorities Act, 1992.
• 60,000 seats are available as fresh scholarships, in addition to renewal scholarships. 

The Amount offered under Merit-Cum Means-Based Scholarship: 

Particulars	Scholarship Amount
Program Fee	INR 20,000 per year or the actual expenses, whichever is lower (for both Hosteller and Day-Scholar)
Maintenance Allowance	INR 1,000 monthly for hostellers (for 10 months) INR 500 monthly for day scholars (for 10 months)

Fellowships for Doctoral Program Management (DPM) students

Students enrolled in the Doctoral Program in Management (DPM) at IIM Trichy are awarded fellowships that cover research-related expenses, hardware and software requirements, and more. These fellowships include a full waiver of tuition fees and hostel expenses.

The amount offered under Fellowship for DPM students at IIM Trichy:

Particulars	Fellowship Amount
Regular expense fellowship	INR 30,000 per month
Contingency grant (for purchase of hardware, software, books, databases, etc.)	INR 30,000 per year
Conference grant	INR 2,00,000
Startup grant (for purchase of computer hardware and software)	INR 50,000
Field research grant	INR 50,000

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

Central sector scholarship scheme of top-class education for students with disabilities is offered to those pursuing UG/PG/Diploma programs at recognized institutes or universities. It is initiated by the Department of Empowerment of Persons with Disabilities, Government of India. Students having more than 40% disability and a valid certificate for the same can apply for the scholarship. The annual family income from all sources must be less than INR 6 lakhs to be eligible. A total of 300 scholarship seats are available under this scheme.

Amount of Reimbursement in Central Sector Scheme of Scholarship for Students with Disabilities:

Particulars	Scholarship Amount
Reimbursement of tuition fees and non-refundable charges	Up to INR 2 lakh per year
Maintenance Allowance	INR 3,000 per month for hostellers and INR 1,500 per month for day scholars
Reimbursement of expenses covers computer and accessory purchases	INR 30,000 as a one-time grant for the entire program.
Reimbursement of expenses includes the purchase of aids, assistive devices, and necessary software related to the specific disability	INR 30,000 as a one-time grant for the entire program.
Books and Stationery	INR 5,000 per year
Special Allowances	INR 2,000 per month

Frequently Asked Questions about IIM Trichy Scholarships

Q. What are the Government of India scholarships available at IIM Trichy?

Ans. IIM Trichy facilitates several Government of India scholarships under the Central Sector Scheme for Top Class Education for different categories like SC, ST, minority students, etc.

Q. What are the minority categories eligible for merit-cum means-based scholarships?

Ans. The minority communities eligible under the merit-cum means-based scholarship are Muslims, Sikhs, Christians, Buddhists, Jains, and Parsis/Zoroastrians.

Q. What is the scholarship amount given to minority students under Merit cum means scholarship scheme?

Ans. An amount of INR 20,000 per year as the program fee is given to minority students along with a maintenance allowance worth INR 1,000 per month for 10 months (Hosteller), and INR 500 per month for 10 months (Day-Scholar).

Q. Are there any scholarships for Ph.D. students at IIM Trichy?

Ans. Yes, there are fellowships for the Doctoral Program in Management (DPM) at IIM Trichy. Students enrolled in the Doctoral Program in Management (DPM) at IIM Trichy are awarded fellowships that cover research-related expenses, hardware and software requirements, and more. These fellowships include a full waiver of tuition fees and hostel expenses.

Q. What are the minimum income criteria to be eligible for IIM Trichy scholarships?

Ans. Scholarships like the Central Sector Scholarship Scheme of Top-Class Education require an annual family income not exceeding INR 4.5 lakh. 

Q. Are there any loan options available for students at IIM Trichy?

Ans. In addition to IIM Trichy scholarships, the institute helps MBA students obtain educational loans from banks during the admission process. Several banks in the country provide funding to cover most of the MBA course fees at IIMs. 

Q. What is the MBA fee at IIM Trichy?

Ans. IIM Trichy's MBA fee is INR 19.50 lakhs for the entire program.