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Indian Institute of Management - [IIMBG], Gaya - Scholarship Details

Gaya, BiharAutonomous UniversityEstd 2015

#32 For MBA By IIRF 2024

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IIM Bodh Gaya has initiated Scholarships for meritorious students to get an uninterrupted access to learning despite low family income. Scholarships at IIM Bodh Gaya are just another source of motivation to deserving students.

The financial assistance in various forms are being offered i.e. IIM Bodh Gaya, the Government of India, and even some private organizations/ corporations if interested.

Table of Content

IIM Bodh Gaya Scholarships
Scholarships offered by the Government of India
IIM Bodh Gaya Scholarships FAQs

IIM Bodh Gaya Scholarships

Here are some of the scholarships being offered and accepted at IIM Bodh Gaya:-

IIM Bodh Gaya Need Based Financial Assistance (NBFA) Scholarship

The Need Based Scholarships are especially designed for the meritorious students with limited finances to afford learning.

The eligibility to qualify for scholarships and the amount of financial assistance to be credited to students depend upon the family’s income. The details are as mentioned below:-

Family Income Slabs	Eligibility for Scholarships (in %)
<= 1.5 LPA	100
1.5 LPA - 3 LPA	75
3 LPA - 5 LPA	50
5 LPA - 8 LPA	25

Scholarships offered by the Government of India

There are many scholarships offered by the Government of India through which students could avail the required amount of financial support during their learning. The official portal for such specific scholarships as for PwD could be seen from http://disabilityaffairs.gov.in/content/.

Here is a filtered list of scholarships that might be helpful for students under PwD category mainly, at IIM Bodh Gaya:-

Top Class Education for SwDs (for Graduate and Postgraduate degree/ diploma courses in institutes of excellent education)

Students should be pursuing a graduate/ postgraduate program in a recognised institute to be eligible for this scholarship.

Students whose parents/guardians' income from all sources does not exceed INR 6,00,000/- per annum, are eligible to apply for the scholarship.

No. of Scholarship Slots:- 300

Components of Scholarship	Rates per Awardee
Reimbursement of tuition fee and non-refundable charges annum (subject to actual paid/ payable to the institute)	Up to INR 2.00 lakh - per annum
Maintenance Allowance	INR 3,000 /- per month for hostellers, INR 1,500/- per month for day-scho
Special Allowances (related to types of disabilities like reader allowance, escort allowance, helper allowance etc.)	INR 2,000 per month
Books and Stationary	INR 5,000 /- per annum
Reimbursement of expenses- Purchase of a computer with accessories	INR 30,000/- as a one-time grant for the entire course.
Reimbursement of expenses- Purchase of Aids and Assistive Devices including necessary software related to the particular disability	INR 30,000/- as a one-time grant for the entire course.

National Overseas Scholarship (For Master's Degree/Ph.D. in

Universities abroad)

For students selected for advanced courses outside India, shall also be eligible for Scholarships by Government of India under certain set of guidelines.

The gross income for a student’s family should not be exceeding INR 6,00,000 per annum to apply for National Overseas Scholarships.

No. of Scholarship Slots:- 20 seats per year

Components of Scholarship	Rates per Awardee
Fellowship	INR25,000 /- p.m. for initial two years (Junior Research Fellowship (JRF), INR28,000/- p.m. for remaining tenure (Senior Research Fellowship (SRF).
Contingency for Humanities and Social Science (including Arts/ Fine-Arts)	INR 10,000/- p.a. for initial two years INR 20,500/- p.a. for remaining tenure
Contingency for Science, Engineering & Technology	INR 12,000/- p.a. for initial two years INR 25,000/- p.a. for remaining tenure
Departmental Assistance (All subjects)	INR 3,000 /- p.a. per student to the host assistance institute for providing infrastructure
Escort/ Reader (All subjects)	INR 2,000 /- p.m. in cases of candidates assistance with physical and visual disabilities

National Fellowship for PwDs (For M.Phil and Ph.D. in Indian

Universities

Students pursuing the National Fellowship programme for any of the courses like M.Phil and Ph.D belonging to PwD category are eligible to apply. There is no such annual income ceiling in the National Fellowship for PwDs.

Selection Criteria

For Ph.D. - First class or 55% marks or equivalent grade in relevant Master's Degree. Those having an existing post and employer are preferred for further financial support.

For Masters' Degree: - 55% marks or equivalent grade in relevant Bachelor's Degree. Preference would be given to the experienced candidates.

Scholarships for Girls

Amongst all the scholarships mentioned above, there is a 50% quota especially reserved for girls. Implying that be it Top Class Education Scholarship, National Overseas Scholarships or Free Coaching.

Moreover, in the National Fellowship Financial Aid Programmes, girls have a reserved quota of 30% to access such financial assistance.

Note:- In case there are an inadequate number of girl candidates or found ineligible as per the terms and conditions of the scheme, the unutilized slots can be utilized by filling in with eligible male students as well.

General Eligibility Criteria for Government of India scholarships

The scholarships are open to nationals of India only.
In total, 6 scholarships are available and applicable for students with disabilities (with more than 40% disability) and having a valid certificate of disability.
Not more than two children with disabilities of the same parents will be entitled to receive benefits of the scheme. (Provided in case the second child is a twin.)
Scholarships for studying in any course/ class will be available for only one year. If a student has to repeat a class, she / he would not get a scholarship for that class for a second (or subsequent) year.
A scholarship holder under this scheme will not hold any other

scholarship/ stipend. If awarded any other scholarship/ stipend, the student can exercise his/her option for either of the two scholarships/stipends,

IIM Bodh Gaya Scholarships FAQs

Ques. What are the best scholarship programs at IIM Bodh Gaya?

Ans. The need based scholarships are indeed the best form of financial assistance provided by IIM Bodh Gaya. Other forms of scholarships could be availed from the Government of India or some other verified private corporations also.

Ques. Are scholarships offered by the Government of India accepted at IIM Bodh Gaya?

Ans. Yes, any sort of financial aid offered by a known external institution other than IIM Bodh Gaya is acceptable be it from the Government of India or a private body.

Ques. What is the minimum no. of scholarship seats in national overseas scholarships from the Government of India?

Ans. There are around 20 seats per year in the National Overseas Scholarships offered by the Government of India.

Ques. What percent scholarship should one get if household income is between 1.5 LPA to 3 LPA?

Ans. Students with families having an annual household income ranging from INR 1.5 LPA to 3 LPA, shall be eligible for a 75% scholarship being offered by the institute.

Ques. What should be the minimum annual income for a student’s family to avail PwD Scholarship?

Ans. The annual household income for a student’s parent/guardian/s should not be exceeding INR 6,00,000 to be eligible for such scholarships offered by the Government of India. Also, the student should belong to the PwD category and be pursuing a graduate or post graduate degree program in a recognised institute.

Ques. What is the need based scholarship at IIM Bodh Gaya meant for?

Ans. Need Based Scholarships at IIM Bodh Gaya ensure that students get an access to learning without having finance as a problem. If a student’s family income is less than 1.5 LPA, then he/she shall be eligible for a 100% scholarship.