MBA Scholarships in India 2025: List of Scholarships, Eligibility Criteria, Top Colleges, and Application Process

Q: Ques: Can a student choose an option of online MBA education?

Ans: Yes, MBA could be completed online as well as offline which depends upon the roles of colleges and universities.

Q: Ques: What are the main types of scholarships available for students in MBA courses from an Indian college?

Ans: The main types of scholarship available to the students are:Merit-based scholarshipMerit cum mean-based scholarshipScholarship on the basis of special meritScholarship on the basis of caste and physical disability

Q: Ques: Do Indian colleges give 100% scholarships for MBA?

Ans: Yes, Indian colleges give 100% full scholarships to the students but for that, one has to search and fulfill all those criteria which are required as well as submit all the required documents to receive the same.

Q: Ques: What are entrance exams conducted every year for the admission of students in MBA courses in various Indian colleges?

Ans: There are many entrance exams available for admission in MBA courses such as GMAT, CAT, CMAT, XAT, NMAT, etc.

Q: Ques: Do Indian colleges give scholarships for MBA on the basis of entrance exams conducted for admission to the college?

Ans: Yes, some colleges give scholarships based on entrance exams, for example; SRM School of Management, Chennai.

Q: Ques: Is doing an MBA from India valid globally?

Ans: Yes, an MBA completed in India is totally valid in all the countries in the world.

Q: Ques: What are the top institutes that are offering an MBA degree?

Ans: The top institutes offering an MBA degree are:Indian Institute of Management, AhmedabadNarsee Monjee Institute of Management Studies, MumbaiIndian Institute of Management, Kolkata

Q: Ques: What are the procedures for securing MBA scholarships?

Ans: Following is the procedure to obtain a scholarship:Visit the official website of the college to get details of the scholarships offered and also look for T&C.Fill out the application form if required.Submit all such required documents such as entrance test results, caste certificate, income certificate of parents, 12th mark sheet, graduation certificate and transcript, passport-sized photograph, and other documents.The scholarship is provided after the process of verification of the application and the required documents.

Q: Ques: Can an individual do an MBA for free in India?

Ans: No, if you want to pursue an MBA as a degree then it will require some fees. But one can do a certification course which is free.

Q: Ques: Do all MBA courses require an entrance exam?

Ans: Most of the MBA institutions admission is done through entrance exams but some of the government institutions offer admission on the basis of graduation results of the candidate.

Zollege Team

Content Curator

MBA Scholarships in India are awards that are given to students for their exceptional performance depending on certain criterias. The scholarships also provide the opportunity for underprivileged students to seek MBA degrees from top university or college. The scholarships are given on the basis of different eligibility criteria. Top Indian Institutes offer scholarships like the Indian School of Business Scholarship, O.P Jindal Scholarship, Capital First MBA Scholarships, etc. Similarly, there are several Top MBA Scholarships that are offered by Banks, Government, and Educational Institutions like the IDFC First Bank Scholarship, the Post Graduate Scholarship for Professional Courses for SC/ST and IIM Ahmedabad MBA Scholarships, respectively. Read the article below to learn more about MBA Scholarships in India. Also Read MBA Admission

All About MBA Scholarships

Table of Content

MBA Scholarships: Eligibility Criteria
MBA Scholarships: Top MBA Scholarships Offered by Indian Institutes
MBA Scholarships: Top Scholarships Important Dates and Eligibility Criteria
College-Wise Data for MBA Scholarships

4.1 MBA Scholarships: IFIM Business School, Bangalore

4.2 MBA Scholarships: SRM School of Management, Chennai

4.3 MBA Scholarships: Management Development Institute, Gurgaon

4.4 MBA Scholarships: Indian School of Business, Hyderabad

4.5 MBA Scholarships: Institute of Rural Management, Anand

4.6 MBA Scholarships: Amity Business School, Noida

4.7 MBA Scholarships: ICFAI Business School, Hyderabad

4.8 MBA Scholarships: IIM Ahmedabad

MBA Scholarships: Application Procedure
MBA Scholarships: FAQs

MBA Scholarships: Eligibility Criteria

The most basic process of fulfilling the eligibility criteria for MBA scholarships at the college is by applying to colleges and contacting the college's admissions cell. The main eligibility criteria that differ on a college basis are:

The score of the entrance test.
The economic conditions of both parents are such that fall within the eligibility conditions.
Depends on the results of graduation.
Dependent upon participation in state or central-level competition.
Based on the results of the first administrative year.

Also check

MBA Entrance Exams	MBA Scholarship

MBA Scholarships: Top MBA Scholarships Offered by Indian Institutes

Many Indian Institutes offer scholarship for MBA students. Below are the names of the MBA scholarships for indian students:

Indian School of Business Scholarship
Capital First MBA Scholarship
O.P Jindal Scholarship
Citigroup
Aditya Birla Scholarship
BML Munjal University MBA Scholarship

MBA Scholarships: Top Scholarships Important Dates and Eligibility Criteria

Given below are the details of the top scholarships, important dates and criteria for MBA Scholarships.

Scholarships	Eligibility
Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities)	Those applying must belong to minority communities, must be pursuing a technical or professional course at UG or PG level, must have secured at least 50% marks or equivalent grade in previous final examination, applicant annual family income should not be more than INR 2.50 Lakh from all sources. Admission is based on entrance examination.
IDFC FIRST Bank MBA Scholarship	Benefits Indian Nationals residing in India only, annual family income should be less than or equal to INR 6 lakhs per annum, for students enrolled in the first year of MBA degree
Post Graduate Scholarship for Professional Courses for SC/ST	Candidate must belong to SC/ST category. Applicants must be in the first year of the professional course at PG level. Universities/Institutions/Colleges that come under sections 2(f) & and 12(B) of the UGC Act Deemed to be Universities included under Section 3 of the UGC Act, 1956, and are eligible for the grants-in-aid from UGC.Central/State Government Institutes of National Importance funded Universities/Institutions/Colleges funded by
ONGC Scholarship	General Category students. First-year MBA students.Must have scored a minimum of 60% or equivalent CGPA in class 12 and graduation. Family income must not exceed INR 2 Lakhs per annum. The age limit is 30 years.
T. Thomas Scholarship (IIM Ahmedabad)	Granted by Hindustan Unilever Limited to a second-year student. Merit-based selection.
Scholarship for SC/ST candidates (IIM Ahmedabad)	PG students belonging to the SC/ST Category will be awarded INR 150 every month
OP Jindal Engineering and Management Scholarships (OPJEMS)	Postgraduate Programme in Management,20 students selected from different B-Schools, First-year students selected based on the entrance exam. Second, third, and fourth-year students selected from their previous year’s academic performance.
IIM Ahmedabad MBA Scholarships	PG students with family income below Rs. 15,00,000, based on criteria such as annual family income, ownership of assets, and the number of dependents in the family
IIM Lucknow MBA Scholarship	PG students with a family income of less than Rs.4,00,000. Merit-based selection.

College-Wise Data for MBA Scholarships

Below is the college-wise data on the offered MBA Scholarship in India for 2025-27 admissions.

MBA Scholarships: IFIM Business School,Bangalore

IFIM Business School, Bangalore offers MBA scholarships on various courses in the field of finance and marketing and is considered one of the most important institutions for management in India.

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1.	Scholar	50% waiver in tuition fees	Based upon their performance in the CAT/GMAT entrance test as well as the results of Graduation, 10th and 12th.
2.	Super Scholar	75% waiver in tuition fee	Based upon the performance in the CAT/GMAT entrance test as well as the results of Graduation, 10th and 12th.
3.	Academic Excellence	30% waiver in tuition fee	Based upon the performance in the CAT/GMAT entrance test as well as the results of Graduation, 10th and 12th.

MBA Scholarships: SRM School of Management, Chennai

SRM School of Management Chennai offers a variety of courses in different fields such as finance, management, business analysis, and marketing. The courses provide the students with industry-relevant skills that help them in getting placed at top companies.

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1.	SRM Founder’s Scholarship	Full waiver in tuition fees along with an amount of stipend of INR 1,000 every month	State toppers in final school exam. Sportsperson with excellence from the state and central levels. Top-ranked student in the SRM entrance exam.
2.	Merit-based Scholarship	50% waiver in tuition fee	95% and above in CBSE board exams The top 8,000 students from the SRM entrance exam result list can apply
3.	Merit cum Means Scholarship	25-100% waiver in tuition fee	SRM entrance test performance Economical need
4.	Scholarship for physically challenged and differently-abled	Full waiver in tuition fee	Based on the SRM entrance test results but to the students who are physically challenged and differently able.
5.	Scholarship for minor community	25-100% waiver in tuition fee	Based on the SRM entrance test results but to the students who belong to the minority community.
6.	Scholarship upon special merits	up to 100% waiver in tuition fee	Based upon the exceptional skills possessed by the students like fine arts, debate, literature, and poetry.

MBA Scholarships: Management Development Institute, Gurgaon

Management Development Institute is an AICTE-accredited institute. These are the following scholarships for management courses available at Management Development Institute, Gurgaon.

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1.	Merit cum Means Scholarship	INR 17,60,000 to every student	Offered to 10 students pursuing two-year full-time PGDM/PGDM-HRM/PGDMIB (50% waiver of tuition fees)
2.	Merit-based Scholarship	INR 10,000 to every student	Given at the end of the second year to 2 students.
3.	O.P. Jindal Scholarship	INR1,50,000	Given to second-year students

MBA Scholarships: Indian School of Business, Hyderabad

ISB, Hyderabad offers various advanced management courses. The scholarship provided here is with the help of the collaboration of various corporate partners.

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1.	Citigroup	Approx INR 9 lakhs	Based upon the merit of the students. Given to 4-6 students only
2.	Nurture India	INR 4,00,000	Need-based
3.	Novartis	INR 4,00,000	3 students are selected on a merit basis as well as a need basis
4.	Manhattan review scholarship	INR 1,00,000	Based on the academic excellence of 5 students
5.	Jamboree India	INR 1,00,000	5 students are selected on a merit basis as well as a need basis

MBA Scholarships: Institute of Rural Management, Anand

Institute of Rural Management, Anand was established with the motive of training rural development organizations as well as cooperatives with their management skills. Check the table below to see the details related to MBA Scholarships.

S.No.	Name of Scholarship	Eligibility Criteria
1.	Merit-based scholarship	Five students are shortlisted and provided with funds that cover part of their fees during the second year. Granted with a maximum amount of Rs.50,000 per year to 2nd-year students on a year-to-year basis
2.	Scholarship for lower caste	A total of 15 Students were selected who belong to the Schedule Care and Schedule tribe. Awarded upon the whole cost of education
3.	Government Scholarship for lower caste students	Provided to 10 selected students
4.	Scholarship from The Ministry of Tribal Affairs	Provided to 5 students belonging to Schedule Tribe
5.	National Dairy Development Board Scholarship	Provided to students belonging to Scheduled Tribe/Schedule Caste

MBA Scholarships: Amity Business School, Noida

Amity Business School, Noida is one of the top-ranked private institutes and offers several MBA courses. The table below shows the MBA Scholarship details.

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1.	Merit-based scholarship	100% of the total tuition fee	Students must score a minimum aggregate of 80% in graduation and minimum marks of 93% in 12th standard from the CBSE/ICSE board.
2.	Merit-based scholarship	50% of the total tuition fee	Students must score a minimum aggregate of 75% in graduation and minimum marks of 88% in 12th standard from the CBSE/ICSE board.

MBA Scholarships: ICFAI Business School, Hyderabad

ICFAI Business School, Hyderabad (IBS) MBA Scholarship details are tabulated below. MICA Ahmedabad details are available in the below table.

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1.	Merit-based scholarship	Waiver in tuition fee from INR 20k - INR 50k per semester	Scholarships are given to students on the basis of GPAs in the 1st, 2nd, and 3rd Semesters. The scholarship amount differs according to the marks the candidate scores.
2.	Domicile Scholarship	Program fee concession of INR 50,000 is adjusted in a total of 5 installments	Awarded to students who belong to the states of Uttarakhand and Rajasthan and a Domicile certificate is required for verification.
3.	Past academic record scholarship	INR 50,000 - INR 1,00,000 adjusted in 5 equal installments of tuition fees	Students who have scored 80%-70% in graduation.

MBA Scholarships: MICA, Ahmedabad

MICA Ahmedabad MBA Scholarship details are tabulated below.

Name of Scholarship	Amount	Eligibility Criteria
MICA Scholarship	Upto 100% waiver in tuition fee	The income of both parents must be below INR 8 Lakhs per annum. The academic record must be excellent.

MBA Scholarships: IIM Ahmedabad

IIM Ahmedabad is India's top business school. Read the table below for MBA Scholarship details

S.No.	Name of Scholarship	Amount	Eligibility Criteria
1	Special Need-Based Scholarships	IIM Ahmedabad will determine each applicant's financial assistance based on family assets, dependents, and other considerations.	PGP and PGP-FABM students having a total yearly family income of less than INR 15,00,000 in the preceding fiscal year are eligible to apply, subject to verification. Factors such as a candidate's previous wages (if any), the quantity of their school debt, and the income of their family. The income of the family, including both parents/guardians and spouse if married, must be calculated. The income before taxes must be considered.
2	IIM Ahmedabad Exit Scholarships	A monthly stipend of INR 30,000	Two students from each batch who opt out of placements and have company ideas will get monthly stipends for three years.
3	IIM Ahmedabad graduates who join a “Not-for-Profit” organization	INR 3.0 to 4.0 lakhs annually.	To support Ph.D. studies in India or abroad, two scholars will get this stipend for three years. To encourage non-profit professions, two students from each batch will get financial help for three years.
4	IIM Ahmedabad SC/ST Scholarships (Merit-cum means))	-	Meritorious SC/ST students with household incomes under INR 4,50,000 get financial help.
5	Scholarships offered by Alumni	INR 2,00,000 - 3,00,000.	9 economically and socially challenged PGP 1 and PGP/FABM II students.
6	Shri GC Mital Entrepreneurship Aid	INR 2,00,000	Only 1 student (the graduating PGP/PGP-FABM student who wishes to start their own enterprise, opting out of the IIM Ahmedabad placement procedure) with an educational debt of at least INR 1,00,000 and a combined family income below INR 8,00,000 per year would be eligible.
7	Smt. J Nagamma Memorial Award	INR 15,000	-

Read More: Top MBA Colleges in India

MBA Scholarships: Application Procedure

The process of securing a scholarship is pretty simple and the procedure is explained below step-wise.

First, visit the official website of the college and enquire about the details of the scholarships offered by them and about the terms and conditions.
Fill out the application form if required or apply by whatever method prescribed.
Submit all such required documents such as a caste certificate, income certificate of parents, 12th mark sheet, graduation certificate and transcript, passport-sized photograph, and other documents.
The institution will grant the scholarship after the process of verification of the application and the required documents.

Check: CAT Question Papers

MBA Scholarships: FAQs

Ques: Can a student choose an option of online MBA education?

Ans: Yes, MBA could be completed online as well as offline which depends upon the roles of colleges and universities.

Ques: What are the main types of scholarships available for students in MBA courses from an Indian college?

Ans: The main types of scholarship available to the students are:

Merit-based scholarship
Merit cum mean-based scholarship
Scholarship on the basis of special merit
Scholarship on the basis of caste and physical disability

Ques: Do Indian colleges give 100% scholarships for MBA?

Ans: Yes, Indian colleges give 100% full scholarships to the students but for that, one has to search and fulfill all those criteria which are required as well as submit all the required documents to receive the same.

Ques: What are entrance exams conducted every year for the admission of students in MBA courses in various Indian colleges?

Ans: There are many entrance exams available for admission in MBA courses such as GMAT, CAT, CMAT, XAT, NMAT, etc.

Ques: Do Indian colleges give scholarships for MBA on the basis of entrance exams conducted for admission to the college?

Ans: Yes, some colleges give scholarships based on entrance exams, for example; SRM School of Management, Chennai.

Ques: Is doing an MBA from India valid globally?

Ans: Yes, an MBA completed in India is totally valid in all the countries in the world.

Ques: What are the top institutes that are offering an MBA degree?

Ans: The top institutes offering an MBA degree are:

Indian Institute of Management, Ahmedabad
Narsee Monjee Institute of Management Studies, Mumbai
Indian Institute of Management, Kolkata

Ques: What are the procedures for securing MBA scholarships?

Ans: Following is the procedure to obtain a scholarship:

Visit the official website of the college to get details of the scholarships offered and also look for T&C.
Fill out the application form if required.
Submit all such required documents such as entrance test results, caste certificate, income certificate of parents, 12th mark sheet, graduation certificate and transcript, passport-sized photograph, and other documents.
The scholarship is provided after the process of verification of the application and the required documents.

Ques: Can an individual do an MBA for free in India?

Ans: No, if you want to pursue an MBA as a degree then it will require some fees. But one can do a certification course which is free.

Ques: Do all MBA courses require an entrance exam?

Ans: Most of the MBA institution’s admission is done through entrance exams but some of the government institutions offer admission on the basis of graduation results of the candidate.

Ques: Are there government scholarships on the basis of merit?

Ans- Yes,there are government scholarships on the basis of merit like the Post Graduate Merit Scholarship for University Rank Holder that awards scholarships to rank holders of a university.

Ques: What is the eligibility for IIM Scholarship?

Ans: Here is the eligibility criteria for IIM Scholarship