IIM Indore - Indian Institute of Management

Both the institutes provide different education. NIFT will offer you courses related to media, fashion, retail and some specializations in MBA. While IIMs offer course in managerial stream which will give you better aspect. So IIMs are better for MBA.

This can differ from person to person and the difficulty of the exams you're aiming at. However, as a thumb rule, 3 months of dedicated preparation time to quantitative ability should help you sail through if you're an average student in possession of the right study materials and mock test series.

https://www.time4education.com/CAT-MBA/Admission-Criteria/IIM-Admission-Criteria:
http://www.iimidr.ac.in/placements

It depends on your capabilities. For statistics, please visit the link: http://www.iimidr.ac.in/placements/.

Entry to IIM:
1) CAT
2) GD/WAT
3) Interviews
College information & fees: Visit individual websites. Eg: http://www.iimidr.ac.in/placements/
Placements: Check the placement reports published on their websites. Eg: http://http://www.iimidr.ac.in/placements/placements/

For getting a call you must get 99 percentile.

Yes, you are eligible for IIM Indore. Percentile required is relative to score as high as possible. For exact cutoff you can also check out the admission tab on IIM, Indore's website.

The Institute surely provides need based financial assistance but there are some other criterions as well for being eligible to avail that. You may check it on the official website of IIMI.
Good luck.

Why not!
A good score in CAT and excellent performance in PI is all that is required.

Dear Kartik, if you will qualify the CAT exam with good score and eligible for admission in a good college like IIMs, IMT, etc. you will easily get a loan for any nationalized bank no matter what your family income is. Institution will also support you to get this. Do smart labor, qualify, get admission. All the best.