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Indian Institute of Management - [IIMN], Nagpur - Scholarship Details

Nagpur, MaharashtraAutonomous UniversityEstd 2015

#20 For MBA By Outlook 2024

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05 February, 2024: IIM Nagpur is ranked #21 out of 46 for Management in India in 2024 by IIRF

Written By Mayank Badhwar

IIM Nagpur scholarships are available for meritorious students with low finances. The financial support provided by the institute is in the form of merit scholarships and need-based scholarships. Moreover, IIM Nagpur provides government scholarships to economically weaker backgrounds to pursue degree programmes at IIM Nagpur. Here are the scholarships provided by the institute:

Table of Content

IIM Nagpur Scholarship Details
Scholarships offered by IIM Nagpur
Scholarships offered by the Government of India
Complimentary Scholarships at IIM Nagpur
IIM Nagpur Scholarship FAQs

IIM Nagpur Scholarship Details

The below table gives an overview of list of scholarships available at IIM Nagpur:-

Name of scholarship	Scholarship amount
Merit Cum Means Scholarship for Professional and Technical Courses	Course fee - INR 20,000 per annum subject to actual whichever is less (for both Hostellers and Day Scholars) + Maintenance allowance - INR 1,000 per month for 10 months (Hosteller) / INR 500 per month for 10 months (Day Scholar)
Scholarships for Top Class Education for students with disabilities	Tuition fee and non-refundable charges - Up to INR 2 lakh per annum (subject to actual amount) + Purchase of a computer with accessories - INR 30,000 (one-time grant) + Purchase of aids and assistive devices - INR 30,000 (one-time grant) + Maintenance allowance - INR 3,000 per month (Hostellers) / INR 1,500 per month (Day-Scholar) + Books and stationery - INR 5,000 per annum + Special allowances (related to types of disabilities like reader allowance, helper allowance etc.)- INR 2,000 per month

Check IIM Nagpur Courses and Fees

Scholarships offered by IIM Nagpur

IIM Nagpur offers scholarships divided into 2 main categories: Merit based and Need-cum-merit based scholarships as explained below:-

Scholarship offered by IIM Nagpur	Eligibility
IIM Nagpur Merit Scholarship	For candidates securing 95% or above in CAT.
IM Nagpur Need-cum-Merit Scholarship	For candidates with family income less than INR 5,00,000

IIM Nagpur scholarships awarded to eligible students are limited in number. The institute will be awarding scholarships to 20 students only of which 10 are for merit-based and 10 are for need cum merit based scholarships.

Selected candidates receive a complete waiver for the tuition fee for the two-year programme. The scholarship policy get revised every year and is updated on the official portal.

IIM Nagpur Placements

Scholarships offered by the Government of India

There are special financial assistance schemes offered by the Government of India of which some are mentioned below:-

Merit Cum Means Scholarship for Professional and Technical Courses

Merit cum means scholarship is provided to students belonging to one of the Minority communities (Muslims, Sikhs, Christians, Buddhists, Jain, and Parsis/Zoroastrians).
Students with at least 50% marks or equivalent grade in the previous final examination are eligible to apply.
Moreover, students having an annual family income of less than INR 2.50 lakhs from all sources are eligible to apply for merit cum means based scholarships under IIM Nagpur scholarships.

Scholarship Amount

Particulars	Scholarship Amount
Course Fee	INR 20,000 per annum subject to actual whichever is less
Maintenance Allowance	INR 1,000 per month for 10 months (Hosteller), INR 500 per month for 10 months (Day Scholar)

Read More: IIM Nagpur Admissions

Scholarships for Top Class Education for Students with Disabilities (SwDs)

Popularly known as CSS Scholarships for Students with Disabilities (SwDs), these are initiated by the Deptt. of Empowerment of Persons with Disabilities, GoI. The scholarships tend to provide financial assistance to students pursuing studies at UG / PG / Diploma level.

Eligibility

Students pursuing studies at UG / PG / Diploma level in notified institutions of excellence in education are eligible to apply for IIM Nagpur scholarships- Top Class Education of Students with Disabilities (SwDs).

Students having more than 40% disability + a valid certificate for the same are eligible.

Interested candidates for Top Class Education of SwDs scholarships should have an annual family income of less than INR 6,00,000 from all sources.

Scholarship Amount

Particulars	Scholarship Amount
Tuition Fee and Non-refundable Charges Payable to the Institute	Up to INR 2 lakh per annum (subject to actual amount)
Purchase of a Computer with Accessories	INR 30,000 (one-time grant)
Purchase of Aids and Assistive Devices	INR 30,000 (one-time grant)
Maintenance Allowance	INR 3,000 per month (Hostellers), INR 1,500 per month (Day-Scholar)
Books and Stationery	INR 5,000 per annum
Special Allowances (related to types of disabilities like reader allowance, helper allowance etc.)	INR 2,000 per month

IIM Nagpur Ranking

Top Class Education Scheme for SC Students

Offered by the Ministry of Social Justice & Empowerment, GoI, to SC students. It is provided based on their annual parental income for the previous financial year.
Candidates interested to apply for such scholarships should have a gross family income not exceeding INR 8,00,000/-.

National Fellowship and Scholarship for Higher Education of ST Students

National Fellowship Scholarships offered by the Ministry of Tribal Affairs, Government of India to ST students. It is provided based on annual parental income for the previous financial year.
The maximum income limit in National Fellowship & Scholarships under IIM Nagpur scholarships is INR 6,00,000/-. There is no institute wise / state wise / stream wise ceiling of number of slots.

IIM Nagpur Cutoff

Complimentary Scholarships at IIM Nagpur

Some complimentary scholarships available for IIM Nagpur students include those provided by respective state governments:-

i) Chief Minister Fellowship Yojana (CMFY), by Government of Jharkhand
ii) Rajarshi Shahu Maharaj Merit Scholarship to SC students, by Government of Maharashtra

Private companies and organizations:- IIM Nagpur also facilitates scholarships awarded by corporates and private organizations. For more details, students can visit the official website.

Educational loans at IIM Nagpur:- IIM Nagpur also encourages education loans for students with low finance. To name a few banks:-

i) Bank of Baroda
ii) Bank of India

iii) Central Bank of India

iv) State Bank of India
v) Union Bank of India
vi) Canara Bank and so on.

IIM Nagpur Scholarships FAQs

Ques. What is the eligibility to qualify for merit scholarships at IIM Nagpur?

Ans. IIM Nagpur offers merit scholarships to candidates securing 95% or above during their CAT exam.

Ques. Does IIM Nagpur offer need based scholarships to its students?

Ans. Yes, IIM Nagpur offers need cum merit based scholarships to its students having an annual family income less than INR 5,00,000.

Ques. Can students avail educational loans for their studies in IIM Nagpur?

Ans. Yes, students have the option to avail educational loans from their respective banks or those mentioned by the institute. These include, Bank of Baroda, SBI, Union Bank of India, Canara Bank etc.

Ques. What are government scholarships offered to IIM Nagpur students?

Ans. Government scholarships include National fellowship & scholarships, Top class education for SC / ST students, Scholarships for students with disabilities and so on.

Ques. Does the central government offer scholarships at IIM Nagpur?

Ans. Yes, the state governments of Jharkhand and Maharashtra offer scholarships at IIM Nagpur. These include Chief Minister Fellowship Yojana (CMFY), by Government of Jharkhand and Rajarshi Shahu Maharaj Merit Scholarship to SC students, by Government of Maharashtra.

Ques. Are there any financial support schemes from non-governmental bodies?

Ans. Yes, various private bodies provide scholarships at IIM Nagpur. The list of those organizations is yet to be released and students can check for more details on the official website.