IIM Nagpur Scholarship 2024, Check Details Now

IIM Nagpur Scholarship – IIM Nagpur offers scholarships for students who excel academically but face financial constraints. These scholarships come in two forms: merit-based and need-based. Additionally, the institute extends government scholarships to economically disadvantaged students pursuing degree programs at IIM Nagpur.

IIM Nagpur Scholarship – Overview

The table below provides a summary of the scholarships offered 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

IIM Nagpur Scholarship – IIM Nagpur

IIM Nagpur provides scholarships in two main categories: one based on merit and the other combining financial need with merit. Here’s a simple breakdown of these scholarship types.

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 awards scholarships to a limited number of eligible students, with only 20 recipients. Ten scholarships are based on merit, and the other ten combine financial need with merit. Those selected receive a full waiver of the tuition fee for the two-year program. The scholarship policy is reviewed annually and can be found on the official portal for updates.

IIM Nagpur Scholarship – Government of India

The Indian government provides specific financial assistance programs, and a few of them are listed below.

1. What is it?
   • Merit Cum Means Scholarship is assistance for students pursuing professional and technical courses.
2. Who can apply?
   • It’s for students from Minority communities like Muslims, Sikhs, Christians, Buddhists, Jains, and Parsis/Zoroastrians.
3. Eligibility:
   • Students need at least 50% marks in their previous final exam to apply.
4. Financial Criteria:
   • Applicants must have a family income below INR 2.50 lakhs from all sources.
5. Application:
   • Eligible students can apply for this scholarship under IIM Nagpur’s scholarship program.

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)

IIM Nagpur Scholarship – Students with Disabilities

1. What is it?
   • It’s a scholarship program called “CSS Scholarships for Students with Disabilities (SwDs)” initiated by the Department of Empowerment of Persons with Disabilities, Government of India.
2. Who is it for?
   • The scholarship is for students with disabilities (SwDs).
3. Level of Studies:
   • It supports students pursuing Undergraduate (UG), Postgraduate (PG), and Diploma-level studies.
4. Purpose:
   • The primary aim is to provide financial assistance to these students.
5. Initiating Authority:
   • The Department of Empowerment of Persons with Disabilities, Government of India, is responsible for this scholarship program.

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 Scholarship – SC Students

1. Scheme Name:
   • It’s the “Top Class Education Scheme for SC Students.”
2. Provided by:
   • This scheme is offered by the Ministry of Social Justice & Empowerment, Government of India.
3. Eligibility Based on Income:
   • The eligibility for the scholarship is determined by the annual parental income from the previous financial year.
4. Financial Criteria:
   • Candidates interested in applying should have a gross family income not exceeding INR 8,00,000.
5. Purpose:
   • The scheme aims to support students from the Scheduled Caste (SC) category in pursuing top-notch education.

IIM Nagpur Scholarship – ST Students

1. Scheme Name:
   • It’s the “National Fellowship and Scholarship for Higher Education of ST Students.”
2. Offered by:
   • These scholarships are provided by the Ministry of Tribal Affairs, Government of India.
3. Eligibility Based on Income:
   • The eligibility for the scholarship is determined by the annual parental income from the previous financial year.
4. Financial Criteria:
   • The maximum income limit for National Fellowship & Scholarships, under IIM Nagpur’s scholarship program, is set at INR 6,00,000.
5. Allocation Criteria:
   • There is no specific limit on the number of slots based on institutes, states, or streams. The scholarships are open without such restrictions.

IIM Nagpur Scholarship – IIM Nagpur Complimentary Scholarship

1. Complimentary State Government Scholarships:
   • i) Chief Minister Fellowship Yojana (CMFY):
     • Offered by the Government of Jharkhand.
   • ii) Rajarshi Shahu Maharaj Merit Scholarship:
     • Provided to SC students by the Government of Maharashtra.
2. Private Sector Scholarships:
   • IIM Nagpur facilitates scholarships from private companies and organizations.
   • For specific details, students can check the official website.
3. Educational Loans:
   • IIM Nagpur supports students with low finances to avail educational loans.
   • Banks offering such loans include:
     • 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 others.

IIM Nagpur Scholarship – Frequently Asked Question