Some Mba scholarship in India are given by government and private funding agencies. But the best quality of these scholarship can be found at the universities in the country.

Mba Scholarship in India is always a hot topic. There are several reasons for this. 1, a large number of students are coming into the race and only a small number of students will get selected for this program in any given year. 2, availability of all the required information about mba scholarship depends upon the availability of information on websites, application forms and other details regarding MBA programs that attracts many students towards India and hence some issues arise in terms of overall education quality of India which we will discuss later on also considering the general state of popularity or else in terms of availability/quality of education offered by colleges as well as degree holders and other socio-economic aspects.

You can have trouble finding the proper information online, so we’ve provided the greatest and most recent information on is there any scholarship for mba in India and government scholarship for mba students in india in the following post to help. Learn more by reading on. We at collegelearners have all the details you require regarding 100 percent scholarship for mba in India. Learn more by reading on.

Mba Scholarship In India

If you are keen to join a reputed MBA institution in India and want to boost your career, but expenses are coming as a hurdle in your way, then you need an MBA scholarship. So, the institutes are offering you the best MBA scholarships and you can take advantage of them.

Here’s a list of MBA scholarships in India:

1. Aditya Birla Group Scholarship
   Students of institutes such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong and XLRI Jamshedpur are eligible for this scholarship.

This scholarship will cover the tuition fee of the management programmes offered by these institutes. The top 20 students who are selected in ranking at the time of admission can submit applications for the scholarships to the dean of the respective institutes.

2. IMT EWS Scholarships
   The IMT Scholarship covers all the expenses of a select number of students from the Economically Weaker Sections (EWS). It is given to students who are enrolled in any AICTE-approved two-year PGDM programme at IMT.

IMT Ghaziabad will select 10 eligible candidates from their college for this scholarship. 5 students will be selected from IMT Nagpur and 5 from IMT Hyderabad.

3. OP Jindal Engineering and Management Scholarships (OPJEMS)
   All top B-schools will participate in the OPJEMS programme for the scholarship. It aims to provide financial aid to Postgraduate Programme in Management (PGP) students.

20 students from different B-Schools will be selected. First-year students will be selected on the basis of the entrance exam. Second, third and fourth-year students will be selected from their previous year’s academic performance.

4. IIM Ahmedabad MBA Scholarships
   The IIM Ahmedabad special needs scholarship will be available for PG students whose gross family income is below Rs. 15,00,000. The scholarship amount is decided based on different criteria such as annual family income, ownership of assets and the number of dependents in the family.

5. IIM Bangalore MBA Scholarships
   PG Students can apply for IIM Bangalore Financial aid if their household income is below Rs.8,00,000. Students who are facing financial difficulties owing to unforeseen circumstances are also considered.

6. IIM Lucknow MBA Scholarship
   The IIM Lucknow Scholarships are available for those candidates who have a family income of less than Rs.4,00,000. Eligible candidates are shortlisted on the basis of merit. The scholarship covers the tuition fee charged by the institute in a year.

7. IIM Indore MBA Scholarships
   Students who are enrolled in the Management and Human Resource Management programmes and the integrated programme in management (IPM) as well as with an annual family income of less than Rs. 9,00,000 are eligible to apply.

Is there any scholarship for mba in India

 It is not just a degree but a dream for millions of students which remains unfulfilled due to the high expenses coming at its cost. Considering the high-fee of the course, many organizations including management institutes offer financial aid in the form of MBA scholarships in India to deserving students.

Leading business schools like IIMs, XLRI, NMIMS, etc. offer financial help to the deserving candidates to complete their management studies. There are various other MBA scholarship schemes offered by the organizations like Aditya Birla Group, PNB Housing Finance, OP Jindal, etc. Mentioned below are the names of some renowned MBA scholarships provided in India.

PNB Housing Finance Protsahan Scholarship
Aditya Birla Group Scholarship
BML Munjal Scholarship
Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities)
IDFC FIRST Bank Scholarship
Post Graduate Scholarship for Professional Courses for SC/ST
T.Thomas Scholarship
OPJEMS Scholarship
Yes Bank Scholarship
IIM Scholarships
NMAT Scholarships

PNB Housing Finance Protsahan Scholarship

An initiative of PNB Housing Finance Limited, PNB Housing Finance Protsahan Scholarship aims at providing financial support to the students enrolled in MBA/ PGDM programme. The screening for the scholarship is done based on academic merit and financial need of the candidate. 

Who is eligible? –

• The scholarship is open for 1st year students enrolled in MBA (Marketing & Finance) programmes.
• Applicants must be pursuing MBA studies at one of the following institutions:
  1. BIMTECH, Greater Noida
  2. Institute of Management Technology (IMT), Nagpur
  3. Indira Institute of Management, Pune
• Applicants must have scored a minimum of 65% marks in both Class 12 and Undergraduate (UG) studies.
• Annual family income of the applicant must be less than or equal to INR 8,00,000 (8 lakh) per annum.

How to apply?

Eligible students can apply online through Buddy4Study portal. 

Selection Criteria-

A multi-stage procedure is designed to select the scholars for the MBA scholarship based on their financial need and academic merit. The selection procedure comprises of the following steps:

• In the first step, screening is done on the basis of the academic merit and financial need.
• Further shortlisting is based on telephonic interview.
• Face to face interviews might be conducted  for final selection, if required. 

Reward – INR 2,00,000

Application Timeline: December to February (Tentative)

IDFC FIRST Bank MBA Scholarship

Students enrolled into the first year of full-time MBA programmes fulfilling the eligibility criteria can be benefited under this scholarship scheme offered by IDFC FIRST Bank. This is a need-based scholarship programme aiming to help the students to cover tuition fees of their management programme. 

Who is eligible?

• This scholarship will benefit the students who are Indian Nationals residing in India only.
• The gross annual family income from all sources should be less than or equal to INR 6 Lakhs per annum.
• Applicable for students enrolled in the first year of MBA degree (or its equivalent).
• Applicants should be enrolled in any of the MBA colleges mentioned in the list.

How to apply?

Candidates can apply online through Buddy4Study portal.

Reward- The selected MBA students will be awarded with scholarship sum of INR 1,00,000 (INR 1.00 Lakh/year) over the duration of their MBA programme. 

Application Timeline: June to August (Tentative)

BML Munjal University MBA Scholarship

The scholarship is offered by BML Munjal University which is an initiative of Hero Group. MBA aspirants can get upto 100% waiver in the tuition fee based on their scores in CAT/ XAT or GMAT.

Who is eligible? 

Applicants applying for the MBA programme at the BML Munjal University are eligible to apply.

How to apply?

Candidates can apply online through the official website of BML Munjal University. 

Reward- 

The reward will be decided on the basis of percentile scored in CAT/ XAT or scores of GMAT.

Application Timeline: April to July

 Scholarship on the basis of CAT/XAT Percentile-

 Scholarship on the basis of GMAT score

Aditya Birla Scholarship

The scholarship offered by Aditya Birla Group aims to cover a part of the tuition fee of the management programme offered by some IIMs and XLRIs.

Who is eligible? 

Students from the following institutes are eligible for MBA scholarship:

• IIM Ahmedabad
• IIM Bangalore
• IIM Calcutta
• IIM Lucknow
• IIM Kozhikode
• IIM Indore
• IIM Shillong
• XLRI Jamshedpur

The top 20 students (in terms of their entrance exam ranking at the time of admission) are invited to apply through the Dean of the respective institutes.

How to apply?

Eligible students are required to fill the application form and submit it to their respective Dean.

Reward- INR 1,75,000 per annum

Selection Procedure

180 students from IIMs and XLRI will be evaluated based on the information filled by them in the application form. Overall achievements and extracurricular excellence are used as a screening process for the next round which includes essay writing followed by the interview. The best 16 students will be selected for the scholarship subject to the condition that they produce valid documents when required. 

O.P. Jindal Engineering and Management Scholarship Scheme

Started in the year 2007, OP Jindal Engineering and Management Scholarship scheme aims at providing financial aid to the PGP students. 10 leading management institutions participate in this scholarship scheme. A screening process involving the application, written test and interview acts as the deciding factor to select the candidates for the interview. 

Who is eligible? 

First 10 toppers of 1st and 2nd year students of management institutes are selected based on the following criteria:

• 1st year students: Entrance exam ranking considered by college at the time of the admission
• 2nd, 3rd, and 4th year students: Based on the academic performance of the previous year

How to apply?

Candidates can apply online by visiting the official website.

Reward- An amount of INR 1,50,000 is awarded per academic year. 

YES FUTURE READY Scholarship

The scholarship programme designed by Yes Bank identifies 30 meritorious scholars from 25 selected business campuses. The selected scholars will pursue a business programme aimed at solving business issues with the help of mentors and the scholarship amount of INR 2,00,000 will be awarded upon the successful completion of the programme. 

Participation Process- 

ONGC Scholarship

ONGC offers scholarships to meritorious General category students who are in the first year of their MBA, Engineering, MBBS or Master in Geology programme. 

Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities)

The Ministry of Minority Affairs offers this scholarship for minority students pursuing professional and technical courses at UG or PG level. The aim is to provide financial assistance to meritorious and underprivileged students.

Who is eligible? 

• Applicants must belong to minority communities (Muslims, Sikhs, Christians, Buddhists, Jain and Parsis/Zoroastrians).
• He/she must be pursuing a technical or professional course at undergraduate or postgraduate level from a recognised institution. 
• Candidate must have secured at least 50% marks or equivalent grade in the previous final examination.
• Applicant must belong to the family where the annual income is not more than INR 2.50 Lakhs from all the sources
• He/she must get admission on the basis of the competitive entrance examination or must have scored at least 50% in Class 12 or graduation (in case of direct admission)

How to apply?

Candidates can apply online through the National Scholarship  Portal.

Rewards- 

• Course fee (for Hostellers and Day Scholars): INR 20,000 per annum or actual, whichever is less
• Maintenance allowance for Hostellers: INR 1,000 per month for 10 months in an academic year
• Maintenance allowance for Day Scholars: INR 500 per month for 10 months in an academic year

Application Timeline- July to November ( Tentative)

Post Graduate Scholarship for Professional Courses for SC/ST 

This scholarship by UGC, Ministry of HRD is applicable for SC/ST students pursuing professional courses at the postgraduate level. The aim is to provide financial assistance to postgraduate students belonging to the SC/ST category.

Who is eligible? 

• The candidate must belong to SC/ST category
• The candidate must be in the first year of the professional course at postgraduate level
• The candidate must be studying in any of the following Institutions/ Colleges/Universities:

1. Universities/Institutions/Colleges included under section 2(f) & and 12(B) of UGC Act
2. Deemed to be Universities included under Section 3 of the UGC Act, 1956 and are eligible to receive grants-in-aid from UGC
3. Universities/Institutions/College funded by Central/State Government
4. Institutes of National Importance

How to apply?

Candidates can apply online through the National Scholarship Portal.

Reward- INR 4,500 per month for MBA students. The reward will be credited through Direct Benefit Transfer (DBT)

Application Timeline: July to January

MBA Scholarships by IIMs

Indian Institute of Managements are the top leading B-schools in India. There are various scholarships and rewards offered by the leading IIMs, details of which are given here under. 

MBA Scholarship at IIM Ahmedabad

• IIMA Special Needs Scholarship- All the students admitted to the Postgraduate programme whose gross family income is below INR 15,00,000 are eligible for the scholarship. The authorities of IIM-A will determine the financial assistance required for each applicant based on its assessment of the applicant’s economic status evaluated through criteria like movable and immovable family assets, the number of dependents on the family income, etc. 
• Scholarship for SC/ST candidates- Students admitted to postgraduate programs belonging to SC/ST category will be awarded INR 150 every month for 10 months.
• T. Thomas Scholarship- This scholarship is awarded by Hindustan Unilever Limited to a second year student. The selection is done on the basis of merit.

IIM Bangalore MBA Scholarships

• IIMB Financial Aid-  Students enrolled in PGP are eligible for the financial aid provided that their household income is below INR 600,000. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered.
• Citi Women’s Leader Award- A scholarship scheme designed to cover the second year’s tuition expenses. The institute nominates and then the final selection is done by the Citi Group.

 IIMB PGP Alumni First Batch (1976) Scholarship: This financial aid is designed to help  differently-abled female students pursuing PGP. A differently-abled male student is considered in the absence of any eligible female student. The objective of this scheme is to keep the memory of the PGP batch of 1976 and their association with the institute alive. The scholarship awards a total of INR 75,000, a medallion and a certificate.

IIM Lucknow Scholarships

Need based IIML Scholarships-  Any student whose family income falls below the limit of INR 1,50,000 is eligible for the scholarship. Eligible candidates are shortlisted for reward on the basis of the merit.The scholarship covers the tuition fee charged by the institute in that particular year.

Industry Sponsored Scholarships- At the end of every academic year, several industry sponsored scholarships are offered on merit basis. The value of scholarship ranges from INR 6,000 to 1,00,000 per annum. The key benefactors for these scholarships include Hindustan Lever Ltd., Reckitt Benckiser, Aditya Birla, Ratan Tata, Citibank, EXIM Bank, Hughes Software Systems, Nestle India Ltd., Central Bank of India, Apeejay Trust and Bharti Foundation.

• Bharti Scholarship- Bharti Enterprises proffers a scholarship for needy and meritorious students whose annual family income does not exceed INR1.08 Lakhs. The scholarship is valid for both the years of PGP. The selected scholars will receive INR 50,000 per annum.

NMAT Scholarships

A good score in NMAT by GMAC can open the door for scholarships and financial aid for students seeking admission in the following colleges:

Alliance School Of Business – The institute offers merit based scholarship to the deserving candidates. Academic performance, NMAT score and performance in Alliance Admission Selection Process are used to shortlist candidates.

IILM University-The scholarship offered is as described below:

Thapar School of Management- The institute offers 75 scholarships based on merit prepared on the basis of scholarship test. All applicants will be eligible to appear for the scholarship test scheduled on the day of the admission.

Students leave no stone unturned while working hard for the MBA entrance exams, therefore, lack of financial expenses must not become a barrier in the journey towards their dreams. With the help of the MBA scholarship schemes as described in this article, scholars can lift off some pressure from their shoulders and keep working hard for their success. 

Government scholarship for mba students in india

There are various government scholarships for MBA students that offer full-time management scholarships. Five well-known MBA scholarships available in India are listed below with their eligibility and steps to apply, have a look:

Post Graduate Merit Scholarship For University Rank Holder

The scholarship scheme tops our list of Government scholarships for MBA Students. The Government of India’s University Grant Commission (UGC) is awarding Post Graduate Merit Scholarships to university-rank holders. This program focuses on top and second-place finishers in various graduation courses across the country. The award is designed to encourage talented individuals to pursue postgraduate studies.

Who all are Eligible:

• You should be under the age of 30.
• Must be enrolled in a post-graduate program at a university (central/state) or one of the deemed universities/private universities/25 autonomous institutions/non-UGC affiliated colleges.
• Must have received a first or second-place finish on the previous graduating exam.
• A bachelor’s degree in one of the following fields is required: life sciences, physical sciences, chemical sciences, earth sciences, mathematical sciences, social sciences, commerce, and language.
• A graduation grade point average of at least 60% is required.

Rewards:

The scholarship is worth INR 3100 per month for a period of two years.

How to Apply:

1. Visit the website NSP.
2. Read the guidelines carefully before registering.
3. Then, choose your scholarship.
4. Fill in the blanks with your basic information.
5. Send your scholarship in and keep a copy for future reference.

ONGC Foundation Scholarship Scheme for OBCs

In search of our next best Government Scholarship for MBA students, we have the ONGC Foundation Scholarship Scheme. The Oil and Natural Gas Company offers a variety of scholarships for OBC and other minority populations as part of its CSR strategy. Those who are currently enrolled in the first year of an Engineering/ MBBS/ MBA/ Master in Geology/ Geophysics full-time degree study at recognized institutions can apply for the Foundation Scheme for OBCs.

Eligibility:

• Age should not be more than 30 years
• Nationality should be Indian
• 1st year graduate in Engineering/1st year of Masters’s Degree in MBA
• Family income should not be more than 2 Lacs per annum
• 60% or more in 12th

Reward:

The selected scholars will get a lump sum amount of INR 4,000 per month i.e. INR 48,000 per annum.

How to Apply:

1. On the website, https://www.ongcscholar.org/ applicants must complete an online application form.
2. To apply for a scholarship, go to the official website and choose the “Apply scholarship” option on the home page.
3. Now select “ONGC Scholarship for OBC Category” from the drop-down menu.
4. Fill up the needed information.
5. After double-checking the form, submit it.

Post Graduate Scholarship for Professional Courses for SC/ST

The scheme was created with the social background of candidates from the poorest sections of society in mind, with the goal of providing them with the opportunity to pursue postgraduate studies in professional subjects such as engineering, technology, management, and pharmacy in Indian universities, institutes, and colleges.

Eligibility:

• This fellowship is open to candidates who have finished their undergraduate studies and have been accepted into the first year of a professional postgraduate program.
• The applicant must be studying for a master’s degree in a regular full-time manner.
• Male applicants’ upper age restriction should not exceed 45 years, while female candidates’ upper age limit should not exceed 50 years.

Reward:

Candidates accepted for PG scholarships will get a monthly scholarship of INR.5000/- (M.Tech) with a contingency grant of INR.15000/- per annum, and a monthly scholarship of INR.3000/- with a contingency grant of INR.10,000/- per annum for the length of the PG Scholarship for other courses.

How to Apply:

1. Only online application forms are available for filling up.
2. Students can apply for national scholarships by going to the national scholarship portal.
3. To apply online, go to this link.
4. Students must click on “New User/ Register” after clicking on this link.
5. To register, read over all of the guidelines and then click the proceed button.
6. In the registration form, fill in all of the essential information.

Merit cum Means Scholarship for Professional and Technical Courses

Moving forward, in our list of Government Scholarships for MBA Students, we have the Merit cum Means Scholarship for Professional and Technical Courses.

The Scheme’s goal is to provide financial help to underprivileged and deserving students from minority populations so that they can pursue professional and technical education.

Eligibility:

• Belonging to minority communities such as Muslims, Sikhs, Christians, Buddhists, Jain, and Zoroastrians (Parsis).
• Students who received at least 50% or an equivalent grade in their previous final examination will be eligible for a scholarship.
• Whose parents/guardians’ annual income from all sources does not exceed INR .2.50 lakh.
• The applicant must be enrolled in a government or recognized private university, institute, college, or school in India.
• The program you are pursuing should last at least one year.

Reward:

INR. 20,000/- per annum, whichever is less, subject to actuals

How to Apply:

• For online application, visit https://scholarships.gov.in
• Search for the scholarship scheme there
• Enter the required details
• Submit before re-checking the added information

OPJEMS (O. P. Jindal Engineering & Management Scholarships)

The O.P. Jindal Engineering and Management Scholarships comes fifth in our list of Government Scholarship for MBA students. These scholarship schemes were established by the Group in 2007. (OPJEMS). These scholarships support academic and leadership success and are given to deserving students who share Shri O. P. Jindal’s vision and principles and have the capacity to lead in entrepreneurial achievement and innovation.

Eligibility:

• First ten best performers from each management year- a. 1st-year students: entrance exam ranking is taken into account by the college at the time of admission. 
• Students in their second, third, and fourth years, based on their previous year’s academic achievements.

Reward:

INR 1,50,000 for each Management Students

How to Apply:

1. Visit the official website: www.opjems.com
2. Click on the OPJEMS Link
3. Read all the instructions carefully, and then start filling out your application
4. Submit the form before re-checking the added information

Why Are Scholarships Important For Students? (BONUS)

Scholarships are given to students in recognition of their academic achievements and educational programs. Receiving a scholarship is a significant accomplishment, whether you are just starting your profession or studying in high school to develop new skills. When it comes to the financial rewards, scholarships are particularly interesting to young hopefuls who are just starting out in their professions as employees.

Furthermore, receiving a scholarship might provide access to a variety of educational institutions as well as job changes. For sincere seekers, this is a once-in-a-lifetime opportunity. Also if students leave no stone left in their preparation for the MBA admission tests, therefore a lack of financial resources should not be a barrier in the pursuit of their goals. Scholars can relieve some of the load on their shoulders by taking advantage of the MBA scholarship schemes outlined in this article and continuing to work hard for their success.

Top MBA Colleges in India 

Mentioned below are the top business schools in India with their NIRF ranking.