IIM Udaipur Scholarships

MBA programs offered by prestigious institutions like IIMs and other top business schools in the country can be quite costly, given the high-quality education they provide. Recognizing the challenges that students from economically disadvantaged backgrounds may face, all the leading management institutions offer a range of financial assistance to support such students. Those with outstanding academic records and limited annual family incomes often receive financial aid to pursue their studies in these esteemed institutions. Furthermore, these schools actively facilitate numerous scholarship schemes offered by central and state governments, targeting deserving candidates who meet specific eligibility criteria. IIM Udaipur provides financial assistance to MBA students who come from economically disadvantaged backgrounds. The institute is committed to ensuring that no student is denied education due to financial limitations. Therefore, it provides financial support to students with limited financial means to cover the MBA program fees. Students with an annual family income below INR 4.5 lakhs are eligible to apply for this assistance. Other students can also apply provided they can prove significant financial difficulties. Eligible students have the option to benefit from either the financial assistance provided by the Institute or scholarships offered by various Ministries of the Government of India.

IIM Udaipur scholarships or financial assistance are granted in the form of fee waivers in the MBA program fees and the amount is determined based on the evaluation of the financial requirements of eligible applicants. The selection of students for financial assistance is based on several factors, including their net annual family income, creditworthiness, and student loan availability. Information regarding scholarships and financial aid will be communicated to students after the IIM Udaipur admission process is completed. The institute admits 335 students to its two-year MBA program, and the total fee is INR 20 lakhs for the entire program. IIM Udaipur scholarships serve as a valuable resource for students with excellent academic achievements and limited financial means. Those seeking financial assistance for their MBA fees at IIM Udaipur are required to complete the online Financial Assistance Application Form. In addition to IIM Udaipur scholarships and financial assistance offered by the central and state governments, the institute also helps students secure educational loans from banks during the admission process. Many of the major banks in the country provide 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 for accurate information.

The following Scholarships are available to MBA students at IIM Udaipur;

Government of India Scholarships:

• Central Sector Scholarship Scheme of Top-Class Education for Scheduled Castes (SC) Students, offered by the Ministry of Social Justice and Empowerment.
• National Fellowship and Scholarship for Higher Education of Scheduled Tribe (ST) Students, provided by the Ministry of Tribal Affairs.
• Merit-cum means-based scholarship scheme belonging to the minority communities, provided by the Ministry of Minority Affairs.
• Scholarship Scheme of Top-Class Education for Students with Disabilities.

Government of Rajasthan Scholarships (for students from Rajasthan):

• Mukhya Mantri Sarvajan Uchcha Shiksha Scheme
• Detailed information on financial assistance schemes offered at IIM Udaipur is given below;

Scholarships Offered by the Government of India

Central Sector Scholarship Scheme of Top-Class Education for SC Students: 

The Central Sector Scholarship Scheme of Top-Class Education for SC students offers financial support to those from low-income backgrounds to pursue degree programs. 

• The scholarship is initiated by the Ministry of Social Justice and Empowerment.
• Students belonging to Scheduled Castes (SC) with a net annual family income of up to INR 4.5 lakh are eligible to apply for the scholarship.
• Eligible students can apply through the NSP Portal when the scholarship application process starts. 
• As reimbursement, this scholarship scheme covers major expenses such as tuition fees, nonrefundable charges, lodging and boarding charges, books and stationery charges, and the cost of IT equipment for the first year.

The Amount offered under the Central Sector Scholarship Scheme:

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)

National Fellowship and Scholarship for Higher Education of ST Students:

• The financial aid is offered by the Ministry of Tribal Affairs.
• These scholarships are accessible to students belonging to the Scheduled Tribe (ST) category who wish to pursue higher degree courses such as M.Phil., and Ph.D. 
• To qualify for the National Fellowship and Scholarship for Higher Education of ST Students, applicants must have completed their final Master's Degree examination.
• The selection of students for these scholarships will be based on merit. Eligible students can submit their scholarship applications through the official website, https://fellowship.tribal.gov.in. 
• There are a total of 750 seats available for the National Fellowship and Scholarship programs. 
• In cases where the number of applicants exceeds the available fellowship program seats, post-graduation marks will be taken into consideration during the final selection process.
• If the number of students from the ST Category is lower than the available scholarship seats, any unutilized scholarship slots in a given year will be carried forward to the next academic year.

Eligibility and Duration of the National Fellowship and Scholarship for M.Phil. and Ph.D. Programs;

Course	Duration	Eligibility
M.Phil.	Two years or the date of submission of the thesis, whichever is earlier.	Qualification: Scheduled Tribe (ST) students with a minimum of 55% marks at the final examination of a post-graduation program from a recognized university. Income Criteria: There are no specific income criteria or financial eligibility requirements for the National Fellowship and Scholarship program.  Age Limit: To be eligible, the candidate must not exceed 36 years of age as of the first day of July in the year when the scholarship is granted.
Ph.D.	Five years or the date of submission of the thesis, whichever is earlier.
M.Phil. + Ph.D.	A total of 5 years or the date of submission of the thesis, whichever is earlier.

The National Fellowship and Scholarship provide reimbursement for program fees and related expenses. The specified reimbursement amount for each course and the field of study is mentioned in the table below;

Reimbursement Amount in National Fellowship and Scholarship:

Course	Stream	Contingency Annually	Scholarship
M.Phil.	Humanities and Social Sciences	INR 10,000	INR 31,000
	Science / Engineering Technology	INR 12,000
Ph. D	Humanities and Social Sciences	INR 20,500	INR 31000 for the first 2 years and INR 35000 for the next 3 years
	Science / Engineering Technology	INR 25,000
HRA for all the courses (monthly): Equal to UGC rates (8%/16%/24% based on the city)
Escort Allowance for Divyangjan (monthly): INR 2000 (at par with UGC rates)

Important documents required during the scholarship application process are given below;

• Latest passport-size photograph. 
• Community certificate.
• 10th or equivalent certificate.
• Post-graduation mark sheet.
• Admission/Joining certificate of M.Phil./Ph.D. / Integrated M.Phil.+ Ph.D. from the University.

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 coming from low annual family incomes and belonging to various minority communities.  

• The scholarship is initiated by the Ministry of Minority Affairs and is offered mainly for technical and professional courses.
• Students with more than 50% marks or equivalent grades in the previous final examination and an annual family income from all sources that does not exceed INR 2.50 lakhs are eligible to apply for this scholarship.
• The minority communities eligible for the scholarship include Muslims, Sikhs, Christians, Buddhists, Jain, and Zoroastrians (Parsis) under Section 2 (c) of the National Commission for Minorities Act, 1992.
• A total of 60,000 scholarship seats are available as fresh scholarships, in addition to renewal scholarships. 

The Amount offered under Merit Cum Means Scholarship: 

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

Scholarship Scheme of Top-Class Education for Students with Disabilities:

• This scholarship is offered to students with disabilities pursuing a graduate or postgraduate program at a recognized institute or university.
• Students with a combined annual family income from all sources of less than INR 6 lakhs are eligible to apply for the scholarship. 
• A total of 300 scholarship seats are available under this scholarship scheme.

Reimbursement Amount in 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
Books and Stationery	INR 5,000 per year
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.
Special Allowances	INR 2,000 per month

Scholarships Offered by the Government of Rajasthan

Mukhya Mantri Sarvajan Uchcha Shiksha Scheme

The scholarship was initiated by the Rajasthan Education Department for students belonging to Rajasthan pursuing higher degree programs in a recognized university or institute.

• Students with an annual family income from all sources that does not exceed INR 2.50 lakhs are eligible to apply for this scholarship.
• Students who have completed their 12^th and intend to pursue higher degree programs at a recognized university are eligible to receive the scholarship for a maximum duration of 5 years. 
• The application process is completely online and eligible students can apply for the scholarship through the official website of the Rajasthan Education Department.

Frequently Asked Questions about IIM Udaipur Scholarships

Q. What are the various scholarship schemes offered at IIM Udaipur?

Ans. IIM Udaipur provides financial support to students with limited financial means to cover the MBA program fees. Students with an annual family income below INR 4.5 lakhs are eligible to apply. IIM Udaipur scholarships or financial assistance are granted in the form of fee waivers in the MBA program fees and the amount is determined based on the evaluation of the financial requirements of eligible applicants. 

IIM Udaipur scholarships encompass several financial assistance schemes provided by central and state governments and ministries. Eligible students have the option to benefit from either the financial assistance provided by the Institute or scholarships offered by various Ministries of the Government of India. There are many scholarships available for students under various categories like SC/ ST, students with disabilities, etc

Q. What is the reimbursement amount does IIM Udaipur scholarships offer?

Ans. Depending upon the scholarship scheme, reimbursement amounts vary. For the National Fellowship and Scholarship Program, INR 31,000 is offered for M.Phil. students, and INR 35,000 is offered for Ph.D. students. 

Q. How is the scholarship application process at IIM Udaipur?

Ans. Most of the scholarship applications are available online and students can apply through the official portal. Those seeking financial assistance for their MBA fees at IIM Udaipur are required to complete the online Financial Assistance Application Form.

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

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

Q. What are the minimum eligibility criteria for the National Fellowship and Scholarship Program?

Ans. National Fellowship Program is accessible to the ST category students who wish to pursue higher degree courses like M.Phil., Ph.D., and integrated M.Phil. + Ph.D.  

Applicants must have completed their final Master's Degree examination with a minimum of 55% marks to be eligible for the scholarship. 

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

Ans. In addition to IIM Udaipur scholarships, the institute helps MBA students obtain educational loans from banks during the admission process. Many major banks in the country provide funding to cover most of the MBA program fees at IIMs. However, students should verify interest rates and other loan conditions directly with the banks for accurate information.

Q. What is the MBA fee at IIM Udaipur?

Ans. IIM Udaipur MBA fee is INR 20 lakhs for the entire program.