IIM Nagpur Scholarships: Providing Financial Assistance

IIM Nagpur offers various scholarships aimed at assisting meritorious students facing financial constraints. These scholarships encompass both merit-based and need-based criteria, supplemented by government scholarships to support economically disadvantaged students pursuing programs at IIM Nagpur.

IIM Nagpur Scholarship Details

Scholarships offered by IIM Nagpur

IIM Nagpur segregates its scholarships into two primary categories: Merit-based and Need-cum-merit based scholarships, detailed as follows:

• IIM Nagpur Merit Scholarship: Awarded to candidates securing 95% or above in CAT.
• IIM Nagpur Need-cum-Merit Scholarship: Reserved for candidates with a family income below INR 5,00,000.

A total of 20 scholarships are disbursed by the institute—10 each for merit-based and need cum merit-based scholarships. Recipients are granted a complete waiver of the two-year program's tuition fees. The scholarship policy undergoes annual revisions and is regularly updated on the official portal.

Scholarships offered by the Government of India

Several financial assistance schemes provided by the Government of India include:

• Merit Cum Means Scholarship for Professional and Technical Courses: Aimed at students belonging to Minority communities with certain income criteria.
• Scholarships for Top Class Education for Students with Disabilities (SwDs): Initiated by the Deptt. of Empowerment of Persons with Disabilities, offering financial aid to UG/PG/Diploma students meeting specific eligibility criteria.
• Top Class Education Scheme for SC Students: Provided by the Ministry of Social Justice & Empowerment, GoI, for SC students.
• National Fellowship and Scholarship for Higher Education of ST Students: Offered by the Ministry of Tribal Affairs to ST students based on their annual parental income.

Complimentary Scholarships at IIM Nagpur

IIM Nagpur facilitates several complimentary scholarships, including those provided by state governments such as the Chief Minister Fellowship Yojana (CMFY) by the Government of Jharkhand and Rajarshi Shahu Maharaj Merit Scholarship to SC students by the Government of Maharashtra. Additionally, private companies and organizations also offer scholarships, which interested students can explore on the official website.

Educational loans at IIM Nagpur

IIM Nagpur encourages educational loans for students facing financial constraints. Several banks, including Bank of Baroda, Bank of India, Central Bank of India, State Bank of India, Union Bank of India, and Canara Bank, offer educational loans to eligible students.

The scholarships and loan assistance provided by IIM Nagpur aim to alleviate financial barriers and ensure deserving students can access quality education without financial constraints.