MBA Scholarships in India for Govt and Private Colleges

MBA scholarships are offered by almost all B-Schools. Most of them offer merit-cum-means based MBA scholarships to encourage meritorious candidates from weaker sections to pursue the course. Check here the list of top MBA colleges offering scholarships.

MBA scholarships - MBA is an expensive course. There is a huge cost involved in imparting of this post graduate management programme which is why the fee of most of the colleges, specifically private MBA colleges are high. The average fee of and MBA course in India is INR 10 lakh. However, many meritorious students find it difficult to pursue MBA due to high fee. Some have to take education loan and some have to opt for colleges with lower fee. To encourage students from all class and category to pursue management from their dream college, the B-schools offer MBA scholarships.

In this article, we have covered details of scholarships for MBA students available at the top MBA colleges in India.

MBA Scholarships in India – Top Colleges

Given below is the list of top MBA colleges in India ranked by NIRF that offer various MBA degree scholarships to candidates on the basis of merit and means. This table does not include IIMs and IITs.

MBA College	MBA Scholarships offered
XLRI, Jamshedpur	Aditya Birla Scholarship, IDFC First Bank, Mirae Asset Foundation Scholarship, OP Jindal Engineering & Management, T Thomas, Pirojsha Godrej, Joseph M Sciortino, Geeta Saxena Memorial, Kalyan Ganguly XEF Scholarship, Naveen Jain & Distinguished Alumni Award, Vasantha Sankaran Scholarship, XLRI Diamond Jubilee [Seniors], XLRI Diamond Jubilee [Juniors], Alumni Scholarship (General), Alumni Scholarship (SC/ST/EBC), Alumni Batch of 1988 Scholarship, Revolut Ira Scholarship, Schedule Caste – Government of India, Schedule Tribe – Government of India, OBC/EBC/DNT
MDI, Gurgaon	AICTE Tuition Fee Waiver (TFW) Scheme (Merit cum Means Scholarship for students with income of parents less than INR 8 Lakh per annum
SIBM Pune	Post Graduate (MBA) Scholarship for IIT graduates (20 % fee waiver), Merit based PG Scholarships, Jayatee Deshmukh PG Scholarship for a Girl Student, Malhotra Weikfield Foundation Scholarship for MBA-IB, Alumni Scholarship for first rank in MBA-IB, Alumni Scholarship for second rank in MBA-IB, Outstanding sports person Scholarships, Lila Poonawala Scholarships, Outstanding student participating in co- curricular activities
S.P. Jain Institute of Management & Research	Merit cum - Means Based Financial Assistance, Mirae Asset Foundation (MAF) Scholarship
SVKM’s Narsee Monjee Institute of Management Studies	Central Sector Scheme of Scholarship
Indian Institute of Foreign Trade	Need Based Scholarship Scheme, New Scholarship Scheme (NSS), Scholarships offered by Government of India
Amity University	Merit based scholarship, Sports scholarship, Martyr’s scholarship
Amrita Vishwa Vidyapeetham	Merit based scholarship (CAT, MAT, AMET scores)
Great Lakes Institute of Management	Dr. Bala V Balachandran Merit Scholarship, Diversity & Merit Scholarships
Lovely Professional University	Scholarship based on LPUNEST, Merit based scholarship, Sports based scholarship, ECA based scholarship, Scholarships for toppers of education board
Goa Institute of Management	Academic Competence and Excellence Scholarship Scheme (ACCESS)
International Management Institute Delhi	Merit based scholarship
MICA Ahmedabad	Merit-cum-Means Scholarship
UPES Dehradun	Bonafied Uttarakhand Student scholarship, Merit based scholarships, Alumni scholarship, sports scholarship, employee ward scholarship
ICFAI Foundation for Higher Education, Hyderabad	Merit based scholarship
TA Pai Management Institute Manipal	Merit based scholarship
K J Somaiya Institute of Management Studies and Research	Dr. Meenakshi Rajan Memorial Scholarship, Bharti Nanji Gala Scholarship, Benevolent Scholarship, Smt. Sakarbai K Somaiya Scholarship, Smt. Mayadevi S Somaiya Memorial Scholarship,
Jaipuria Institute of Management Noida	IDFC First Scholarship
Birla Institute of Management Technology Greater Noida	A. Shriyut B K Birla Admission Scholarship, Late G.D Birla Academic Merit Scholarship, C. Madhuri & Jagdish Sheth Endowment Awards, Scholarships to candidates admitted under supernumerary category
Thapar Institute of Engineering and Technology (Deemed-to-be-university), Patiala	Merit based scholarship and Merit-cum-Means based scholarship
Koneru Lakshmaiah Education Foundation University (K L College of Engineering)	Merit based scholarship
Kalinga Institute of Industrial Technology, Bhubaneswar	PradyumnaBal Memorial Scholarship, KIIT Poverty-Cum-Merit Scholarship, KIIT Merit Scholarship
Christ University	Merit Scholarship, Scholarship for Financial Assistance, Alumni Association Scholarships
Nirma University Ahmedabad	Monthly stipend based on merit
Chitkara University Punjab	Govt Scholarship
Fore School of Management New Delhi	Means cum Merit Based Scholarship
BML Munjal University, Gurgaon	Merit based fee waiver
Principal L N Welingkar Institute of Management Development and Research, Mumbai	Linnaeus-Palme scholarship
National Institute of Technology Calicut, Kozhikode	CREC-SJET Scholarship, Subramonia Iyer - Lekshmi Ammal(SILA) Scholarship, CREC SJET Financially Weak Student Support Scholarship
National Institute of Bank Management, Pune	Merit cum Means Based Scholarship
Manipal University Jaipur	Merit based scholarship (CAT and GMAT score)
Panjab University, Chandigarh	Scholarships for students with disabilities, Merit-cum-means scholarship for SC/ST
Rajagiri Business School, Cochin	Diversity Scholarship, Career and Talent Scholarship
Institute of Management Technology, Hyderabad	Merit based scholarship
Jain University, Bangalore	Merit based scholarship
Alliance University, Bengaluru	Merit-based Scholarships, Category-based Scholarships, Alumni Scholarships, Employee Scholarships
Jagan Institute of Management Studies, Delhi	Merit-cum-Means based scholarship
PSG College of Technology, Coimbatore	State Govt scholarships, Central Govt scholarships, Private scholarships, Alumni scholarships,
Thiagarajar School of Management, Madurai	BC/BT/ Special Groups Scholarships, Physical Handicapped Scholarship, Merit and Need based scholarships
Galgotias University, Gautam Budh Nagar	Academic Brilliance Scholarship, Entrance Examination Scholarship (CAT and MAT), Ex-Student/Alumni/Old Student Scholarship
Pandit Deendayal Energy University, Gandhinagar	Merit cum Means based scholarship
Jamia Hamdard, New Delhi	Merit cum Means Scholarship, SC/ST and OBC Scholarships – State Level, Prime Minister Special Scholarship Scheme, Scholarships by Donors & Other Stakeholders
New Delhi Institute Of Management, Delhi	Merit Scholarship for students belonging to SC/ST/OBC/Minority category, Post Matric Scholarship (SC), Post Matric Scholarship (OBC), Post Matric Scholarship for Minorities, Merit cum Means Scholarship for Professional and Technical Courses, Centrally Sponsored Schemes/ Central Sector Schemes in NCT of Delhi, Sh. B.C. Maheshwari Memorial Scholarship, Smt. Sugan Devi Maheshwari Memorial Scholarship

Scholarship for MBA in IIM

The IIM MBA fee is high in the range of INR 17 to 27 lakh. Thus, many candidates opt for scholarships. The IIMs offer merit based MBA scholarships which candidates can avail during the course. Given below are the links for details of scholarships for MBA in IIMs.

IIM MBA Scholarship Schemes
IIM Calcutta scholarship	IIM Ahmedabad scholarship
IIM Bangalore scholarship	IIM Lucknow scholarship
IIM Kozhikode scholarship	IIM Indore scholarship
IIM Kashipur scholarship	IIM Rohtak scholarship
IIM Ranchi scholarship	IIM Udaipur scholarship
IIM Sirmaur scholarship	IIM Raipur scholarship
IIM Shillong scholarship	IIM Nagpur scholarship

Govt Scholarship for MBA Students

In India, government scholarships for MBA students are offered by Central and State institutions in the following categories:

Central Govt Scholarships
State Govt Scholarships
Scholarships for Minority
Scholarship for SC
Scholarship for ST
Scholarship for PwD

Many minority institutions aided by the government offer full fee waiver to candidates under their own scholarship schemes for various courses including MBA. While selecting a B-School, candidates must go through their MBA scholarships scheme to avail it. For, most of the students, a high score in MBA entrance exam will help them get the scholarship or fee waiver.

MBA Scholarships at Govt Colleges/Universities

Listed below are Government universities that are ranked among top 100 for MBA courses and their scholarship schemes.

College Name	Scholarship
Jamia Millia Islamia, New Delhi	Hamdard Education Society Loan Scholarship, Dr. A.P.J. Abdul Kalam Scholarship, Post Graduate Merit-cum-Means Mushirul Hasan Scholarship, Reliance Foundation Scholarships for UG & PG Students, SMT Shyam Lata Gard Scholarship, Mrs. Maqbool Nikhat Mahdi Scholarship, ONGC Merti Scholarship for SC,ST,OBC and General Category, Scholarships for Students from Minority Communities, State Funded Scholarship Schemes, Scholarships from Foundation for Excellence India Trust, Pradhan Mantri Uchchatar Shiksha Protsahan, Hakeem Abdul Hameed Scholarship
Chandigarh University	Post Graduate Scholarship for Professional Courses for SC/ST, Pre-Earned Credit Program Scholarship, Scholarship Scheme for MBA Students (CAT, MAT, CMAT, ATMA, XAT)
Anna University, Chennai	Merit-cum-Means based scholarship
Aligarh Muslim University, Aligarh	National Fellowship for ST, National Fellowship for SC, Maulana Azad National Fellowship for Minority, Indira Gandhi Scholarship Scheme for Single Girl Child, PG Scholarship for University Rank Holder, PG Scholarship for Professional Courses for SC/ST, Emeritus Fellowship, Kothari Fellowship, Ishan Uday Special Scholarship Scheme for North East Region
Banaras Hindu University, Varanasi	Scholarship for Blind students, Scholarship for rank holders, Pyare Lal - Prem Vati Memorial Scholarship, S.N. Ranade Scholarship, merit-cum means based scholarship
Guru Gobind Singh Indraprastha University Delhi	Means cum Merit Based Scholarship
Babasheb Bhimrao Ambedkar University, Lucknow	State and Central Government scholarships
Atal Bihari Vajpayee Indian Institute of Information Technology and Management	Shraman Foundation, Reliance Foundation Postgraduate Scholarship
Guru Jambheshwar University of Science and Technology, Hisar	Merit-cum-Means Scholarship, State Merit Scholarship To UG/PG Students, Lower Income Group Scheme, Physically Handicapped Scholarship, Guru Jambeshwar ji Maharaj Scholarship, Merit Scholarship

FAQs on MBA Scholarships

Can I get scholarship for an MBA in India?

A:Yes, most of the MBA colleges in India offer scholarship and fee waiver schemes for meritorious students and those who belong to weaker sections of the society. Scholarship at various MBA colleges are based on various criteria such as entrance exam score, academic score, family income, sports and ECA, SC/ST/PwD categories. To get the scholarship, you will need to apply for it, in the college you are pursuing MBA from. Process and timeline is shared by the institution with students at the time of admission.

Can I get 100% scholarship for MBA in IIM?

A:There is no provision of 100 % scholarship for MBA in IIM. The institutes provide merit based and merit-cum-means based scholarships. There are options of percent based fee waiver and bank loan assistance too. However, no IIM offers 100 % scholarship for MBA.

Is IDFC giving one lakh for MBA?

A: Yes, IDFC provides a scholarship of INR 2 Lakh (INR 1 Lakh per year) for selective students. Candidates can apply for this scholarship by filling the online form for MBA scholarship program at the IDFC bank website and following further process. Scholarship will be given to deserving candidates after reviewing all the applications.

How to do an MBA free of cost in India?

A: There is no option of free full-time MBA, however, some professional education platforms offer free online MBA in India. Such courses come with certificates, and you can easily enroll and learn skills at your own pace. However, for verified certificate you will have to pay the requisite fees.