IIM Indore Scholarship 2026: Eligibility, Benefits, Amount

IIM Indore provides financial aid through its NBFA program to support students facing financial challenges in continuing their education.

Students enrolled in the PGP, PGPH or the IPM, and whose family's yearly income is less than INR 12 lakh, can apply for this aid. Along with this support through the NBFA scheme, IIM Indore Scholarships also include options offered by various private organizations.

IIM Indore NBFA Scholarship: Eligibility

Students enrolled in the PGP, PGPH, or IPM programmes at IIM Indore are eligible.
The total yearly income of the family is below INR 12 lakh.
Applicants need to complete the official NBFA application form, which can be obtained exclusively from the PGP/IPM Office.
Students from any admission category (General, EWS, SC, ST, OBC, or PwD) can apply if they meet the income limit.
Candidates who applied under the EWS category but secured admission through another category (like General) can also apply.
Those admitted under SC, ST, OBC, or Physically Handicapped quotas are fully eligible if they fall within the income limit.

IIM Indore Student Scholarship offered by Organizations

Several IIM Indore students have earned prestigious scholarships from leading organizations, recognizing their academic and leadership excellence.

Scholarship Name	Recipient(s)	Eligibility/Selection	Amount	Remarks
Aditya Birla Scholarship	Abhinav Palaparthy, R. Gokul, Burhan Ashraf, Shamayeta Chowdhury (PGP)	Among top 15 selected from 340 applicants nationwide	INR 1,75,000 Per year	won 4 of the 15 awards.
YES Bank Scholarship	Urvashi Saboo (PGP)	Selected from 5000+ applicants through test, interview, and article submission	INR 2,00,000 one time	Honored among 30 winners nationwide
OP Jindal (OPJEMS)	Navni Bhatia (PGP)	Chosen from 40 colleges after test, psychometric round, and interview	INR 1,50,000 one time	Among top 100 recipients
Capital First MBA Scholarship	Divya Surana (PGP)	Selected from 1000+ applicants based on 10th, 12th, UG scores and two interview rounds	INR 1,00,000 Per year	One of 160 students awarded

Enjoy Extra Benefits with SR

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Frequently Asked Questions

Ans - Yes, eligible students at IIM Indore can receive financial assistance from the Government of India through schemes like the Central Sector Scholarship for SC/ST categories and the Merit-cum-Means Scholarship for minority communities.

Ans - IIM Indore evaluates applications for Need-Based Financial Assistance (NBFA) using a systematic two-step process:
• Application Review: Assesses family income, assets, and disciplinary record.
• Personal Interaction: Shortlisted candidates meet the NBFA Committee for verification and further assessment.

Ans - No, the financial support is provided in slabs based on family income:
• Slab I (Up to INR 4,50,000): Eligible for 100% reimbursement of education loan interest and mess charges.
• Slab II (INR 4,50,001 – INR 12,00,000): Eligible for 50% reimbursement of education loan interest.

Ans - Applicants are required to submit supporting documents based on the occupation of each earning family member:
Currently Employed:
• Form 16 (Previous financial year)
• Provident Fund statement
• Bank statement showing terminal benefits (if retired last year)
• Income Tax Return (ITR), if applicable
Retired:
• Pension details certified by the bank + bank statement
• Pension Payment Order copy
• ITR for the last financial year (if applicable)
Self-employed/Professionals:
• Audited balance sheets for last 3 years + supporting bank statements
• ITR for the last 2 years (if applicable)
Farmers:
• Income certificate from relevant authority + bank statement
• ITR (if applicable)
Mandatory for All Applicants:
• Education loan sanction and disbursement proof
• Income declaration (as per NBFA format)
• Full-year bank statements of all accounts held by family members
• Details of investments (FDs, mutual funds, shares, LIC, etc.)
• Interest income details, including accrued interest