
On the basis of CAT scores, IIMs and other B schools provide CAT scholarships. Based on CAT scores, academic status, and socioeconomic background, students can apply for government-funded and special scholarships at prestigious IIMs including IIM Ahmedabad, Lucknow, and Bangalore. Private institutions are also in front when it comes to helping students pay for their tuition through various scholarships. Students who qualify can receive a cost remission of up to 100% from institutions like LPU, TA PAI, Amity, and others. Other institutions that offer scholarships to students based on their merit and need include MDI and ISB.
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4.1 Institute of Rural Management Anand Scholarships
4.2 Institute for Financial Management and Research Chennai
4.3 ISB Hyderabad Scholarships
4.4 Tata Institute of Social Sciences Mumbai Scholarships
4.5 AMITY Business School Scholarship
5.1 Indus Business Academy Bangalore Scholarships
5.2 Lovely Professional University Phagwara Scholarships
| S.No. | Name of the Scholarship | Eligibility Criteria | Amount (INR) |
|---|---|---|---|
| 1. | IIMA Special Need-Based Scholarships | For economically weak students who wish to pursue PGP or PGP-ABM. This is a fee waiver scheme offered on the basis of the family income of the student. | Depends on the annual gross family income |
| 2. | Family Income Linked Tuition Fee Waiver Scheme | Students whose total family income is less than INR 6 lakh in the previous financial year. | NA |
| 3. | IIMA Special Scholarships (need-based) | Students who have a total family income of less than INR 200,000 as of the last financial year. The salaries of parents/guardians and spouse are considered for this and the income of the student or his siblings are not considered. | NA |
| 4. | Industry Scholarships (need-based) | Students who are not registered for the IIMA special scholarships can apply | NA |
| 5. | SC/ST Scholarships | Only SC/ST category students having valid certificates can apply for this scholarship. | 150 per month for 10 months |
| 6. | GOI Merit-cum-Means Scholarships | At least 25% of students belonging to the non-sponsored student body from both first and second year are awarded this scholarship. | 2,200 per year |
| 7. | Aditya Birla Group Scholarships | Candidates are shortlisted by ABG on the basis of merit. Around six students are shortlisted. | 1.25 lakh per student per annum |
| 8. | OP Jindal Engineering and Management Scholars | Two students are shortlisted for this scholarship based on their academic performance of the students and an online test along with a personal interview. | NA |
| 9. | Dunia Scholarships for scholastic excellence | Two students are shortlisted for this scholarship on the basis of merit. | 100,000 per student |
| 10. | Ocwen Scholarship for Competence in Academics | The scholarship is given to a first-year student who is shortlisted through a research paper and PI. | NA |
| 11. | ONGC SC/ST Merit-cum-Means Scholarships | Few SC/ST students are shortlisted for this scholarship. | NA |
| 12. | State Scholarship | State Governments sometimes fund the education of some of the best students from those states. | NA |
The scholarship committee uses a two-step method to select the recipients of each scholarship. There are undoubtedly more scholarships that students can apply for by meeting the requirements in addition to the financial aid that is given based on need.
| S.No. | Name of the Scholarship | Eligibility Criteria | Amount (INR) |
|---|---|---|---|
| 1. | Aditya Birla Scholarship | Few students from both the first year and second-year students are shortlisted who belong to the top 25% of students of their respective batches in terms of performance. | 175,000 per student |
| 2. | Uday Nayak Scholarship | A second-year student is shortlisted for this scholarship. | 10,000 |
| 3. | T Thomas Scholarship | A second-year student is shortlisted for this scholarship based on merit. | 100,000 |
| 4. | OPJEMS Scholarship | Two students are shortlisted for this scholarship one each from the first and second year. | 125,000 per student |
| 5. | Rajesh Kaushik Memorial Scholarship | Selection is strictly merit-based. | 150,000 per annum |
| 6. | Ocwen Financial Solutions Private Limited | One of the students is shortlisted on the basis of a research paper submitted by students. | 180,000 |
| 7. | Cognizant Technology Solutions - B’izard Scholar | Three students are shortlisted on the basis of academic excellence, leadership qualities, and willingness to serve the community and study further in the same field. |
|
| 8. | Societe Generale Global Solution Centre India Scholarship | Students in need are nominated by the institute and are shortlisted on the basis of interviews. | Full tuition fee waiver |
The following scholarships are among those the institute offers:
| S.No. | Name of the Scholarship | Eligibility Criteria | Amount (INR) |
|---|---|---|---|
| 1. | Need-Based IIML Scholarships | 15% of students from a batch are offered scholarships on the basis of family income and previous academic performance. Students having a family income of less than Rs.150,000 can apply. | NA |
| 2. | Industry Sponsored Scholarships | Students are shortlisted every year based on their academic performance | Varies from 6,000 to 100,000 per year. |
| 3. | Merit-cum-Means Scholarships | 25% of the students subject to specified norms are shortlisted for this scholarship | 2200 per student per year. |
| 4. | Bharti Scholarship | Students whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply. | 50,000 per year. |
| 5. | SC/ST Scholarships | All SC/ST students are eligible to apply | 1500 per year |
| 6. | Other Scholarships | Students are shortlisted based on family income and their fees and maintenance charges are covered by the government of the state to which the candidate belongs. | NA |
Scholarships offered by other B-Schools is discussed below.
Sir Ratan Tata provides scholarships to IRMA. Additionally, the Ministry of Social Justice and Empowerment offers more than 15 additional scholarships that pay for SC/ST students' whole tuition. The SC/ST candidates are eligible for an additional 5 scholarships from the Ministry of Tribal Affairs and 1 scholarship from the National Dairy Development Board.
Scholarships are given by ISB based on both merit and financial need. Additionally, it offers fee waivers to applicants who meet the institute's performance benchmarks. The scholarship has different amounts, some of which are full scholarships! There are no restrictions here, so if you think you have potential and can demonstrate it, you can and must apply for admission to this institute.
| Institute | Details |
|---|---|
| T.A. Pai Management Institute, Manipal Scholarships | Scholarship of INR 1 Lac to the top three performing students in both the years of MBA Program along with high CAT Score |
| Management Development Institute, Gurgaon Scholarships | Merit Scholarships of INR 10,000 are given to five students. An additional Bharti Foundation Scholarship is also awarded on the basis of merit. |
| National Institute of Management, Mumbai Scholarships | Need-based concession in the tuition fee to the extent of 30% is given to the students whose family income is less than INR 150,000 (for PGDIM/PGDISEM/PGDITM students) |
| Jaipuria Institute of Management, Lucknow Scholarships | Scholarships based on a student’s performance in their respective entrance examination through which they have taken admission in the institute for the first year and later on for the second year, the scholarships are given to the first three rank holders |
| Welingkar Institute of Management Development and Research | Topper awarded 100% fee waiver, the second ranker awarded a laptop and third ranker a foreign-sponsored internship. |
Private institutions are also in front when it comes to helping students pay for their tuition through various scholarships. Students who qualify can receive a cost remission of up to 100% from B institutions like LPU, TA PAI, Amity, and others. Other institutions that offer scholarships to students based on their merit and need include MDI and ISB.
The Bangalore-based Indus Business Academy offers a range of scholarships. Corporate scholarships and merit-based scholarships totaling INR 10,000 are offered. A working professional receives assistance from their employer.
IBA offers students an INR 30,000 scholarship if they secure:
A scholarship of INR 40,000 is provided to candidates who secure
Based on a candidate's performance on the LPU-TFA (LPU-Test for Financial Aid) or extracurricular activities like sports, culture, or national bravery awards, Lovely Professional University, Phagwara grants scholarships.
SRM Founders Scholarship: The most esteemed scholarship available to SRM students is the SRM Founder's Scholarship, which covers not only the whole cost of tuition but also the costs of your dormitory and dining hall in addition to a monthly stipend of INR 1,000. Top state finishers in academic exams are eligible for this scholarship.
Ques. Do IIMs offer CAT scholarships to students who score 99 or higher?
Ans: Based on the percentile, the IIMs don't offer any unique CAT scholarships. However, they base their financial aid on the family's yearly income and record as a whole. Financial difficulties are probably not going to be an issue after a student is admitted to one of the IIMs.
Ques. Can someone with a CAT AIR-1 score get full scholarships at the best IIMs?
Ans: The CAT percentiles are not a factor in CAT scholarships. The candidate must have done well in the first two terms in order to be eligible for the scholarships, and their yearly family income must be less than 6 lakhs. The only expenses for which full scholarships will be provided are tuition fees; other costs will not be covered.
Ques. What is the IIM Lucknow industry-sponsored CAT scholarship?
Ans: The pupils are shortlisted each year based on how well they perform academically. These students receive CAT scholarships worth somewhere between INR 6,000 and INR 1 lakh a year. To be eligible for this grant, applicants must receive high scores.
Ques. How is a CAT scholarship obtained?
Ans: The authorities prepare the merit following the announcement of the CAT results. Students that meet the criteria for merit are further narrowed down depending on their academic performance. As a result, these students are invited for both a personal interview and an online test.
Ques. Does passing the CAT qualify you for scholarships?
Ans: No, passing the CAT is not sufficient to qualify for scholarships. A student must perform well throughout to be eligible for a CAT scholarship. Various business schools have different requirements for the same.
Ques. Which for-profit business colleges provide CAT scholarships?
Ans: The private business schools IBA, LPU, and SRM are those that provide CAT Scholarships. For applicants with excellent CAT percentiles, these universities forego the application fee. Thus, in order to profit from scholarships, students must achieve higher CAT scores.
*The article might have information for the previous academic years, please refer the official website of the exam.
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