NMIMS (Deemed To Be) University, Mumbai Scholarships 2026

NMIMS Mumbai has introduced a scholarship policy for students based on merit and financial support needed for their education. The policy awards scholarships or tuition adjustments to meritorious students in each discipline per academic year, with other financial support based on sponsored funds and governmental guidelines. The selection criteria involve meritorious students applying for scholarships and partial tuition waivers for students with special skill sets. The NMIMS Mumbai scholarship committee will review applications and recommend eligible candidates, with the Vice Chancellor as the final authority. The policy will be reviewed and amended as per state and UGC regulations, as needed.

Candidates interested can check out the NMIMS Mumbai scholarship in this article.

NMIMS Mumbai Scholarships

Given below are the NMIMS Mumbai scholarships 2026.

1. Central Sector Scheme Scholarship

The Central Sector Scheme of Scholarship for College and University Students provides financial assistance to economically weaker students from the General, SC, and ST communities, and physically handicapped students, aiming to help these meritorious students meet their daily expenses while pursuing higher studies.

Candidates must be between the ages of 18-25. Students above the 80th percentile of successful candidates in the relevant stream, in 10+2 pattern or equivalent, with family income less than INR 6 lakhs per annum, pursue regular courses. The scholarship rate is INR. 1000/- per month at the graduation level for the first three years of college and university courses, and INR 2000/- per month at the post-graduation level. The scholarship is paid for 10 months in an academic year and disbursed directly into the beneficiary's bank accounts.

2. Academic Excellence Scholarships

Students receive Academic Excellence Scholarships based on their highest CGPA in each graduating program batch. Eligible students will receive a maximum of 10%. These students will receive cash awards and be included in the prestigious Dean's/Director's List during the convocation ceremony. The annual recognition event, conducted across all campuses, ensures exceptional students from every discipline receive recognition, highlighting the university's commitment to celebrating academic brilliance and motivating students to strive for excellence.

NMIMS awards students with cash and medals, sponsored by philanthropic contributors, in various categories. These recognitions not only reward hard work and dedication but also foster a culture of excellence and healthy competition among students, promoting healthy competition among the student body.

3. Skill Development Scholarship

NMIMS Mumbai provides scholarships to 25% of students, covering opportunities like foreign study trips, industry visits, training programs, and online courses on platforms like LinkedIn, Coursera, and Bloomberg. Eligible students are nominated by their schools, with final approval from the Scholarship and Fellowship Selection Committee.

4. Academic Support Scholarships

NMIMS Mumbai offers academic support to up to 35% of students by providing essential items like blazers, laptops, and textbooks for corporate training and placements. Eligible students are nominated by their schools, and the Dean and Heads of Departments forward nominations to the Scholarship and Fellowship Selection Committee for final approval.

5. Student Appreciation Scholarship

Students participating in sports, cultural, and literary events at NMIMS-organised festivals and competitions are eligible for the Student Appreciation Scholarship, which includes cash prizes, certificates, and medals. Nominations are made by schools, with final approval from the Dean and Heads of Departments, and the scholarship is given to a maximum of 5% of students.

6. Scholarships from a Foreign University

NMIMS University offers a foreign university fee waiver to students enrolled in International Studies courses, based on their academic performance after joining the program.

7. Scholarships to International Students

International students can apply for scholarships in their home countries and India, with the university helping with application processing. Students enrolled under a bilateral treaty or with financial support must maintain good academic standing. Students may be considered for partial tuition fee waivers, subject to eligibility criteria and university guidelines. The scholarship committee has the sole discretion in awarding these waivers and financial support.

8. Sports Scholarships

Sports scholarships are financial awards given to students based on their athletic abilities and achievements, allowing them to pursue education while honing their sports skills. Eligibility depends on athletic excellence, academic performance, and personal attributes like leadership and sportsmanship. Students must meet eligibility criteria and submit relevant documentation, including sports certificates, academic records, and letters of recommendation, before the deadlines for final approval by the scholarship committee.

9. Chancellor’s Scholarships for the Flagship MBA program

15 MBA eligible candidates will receive an INR 30 Lakhs award of 2 lakhs per student, adjusted against second-year program fees. This scholarship is open to MBA program applicants who have graduated from a recognized university and applied for admission. Only first-year students are eligible for scholarships with no renewal. No subsequent renewals are available. Students are required to have a minimum CGPA of 7.5. The amount will be disbursed at the end of the first semester, based on individual performance in admission processes like MAT, WAT, and PI.

10. Endorsement Scholarship

Endowment scholarships are established in the name of donors, philanthropists, or family members and depend on factors like funding availability and donor support. The committee hosts scholarship details on the university website, promotes scholarship ethics, and develops effective application protocols and selection processes. These scholarships were initially received by the parent trust, SVKM.

Also Check: NMIMS Mumbai Admission Process 2026

NMIMS Mumbai Selection and Withdrawal of Scholarships

The Selection Committee assesses students based on academics and the university's code of conduct, making decisions on scholarship renewal based on the agreement signed at the time of award. The committee makes decisions on a case-by-case basis, and if a student is deemed ineligible, the award may be withheld and given to other deserving candidates, following university guidelines.

NMIMS Mumbai Scholarship Progression and Character

The awardee must strictly adhere to university rules and regulations, maintain a good record of discipline and character, and not commit vandalism or misbehaviour to face disciplinary action and facility withdrawal.

NMIMS Mumbai Tuition Fee Concession and Fee Waiver

NMIMS Mumbai offers fee waivers for meritorious and deserving students each academic year as part of its philanthropic initiatives. The number of awardees and the amount may vary, and the percentage of waivers depends on various factors. The fee waiver provides equal opportunities for economically weak students to compete with others. The scholarship category offers concessions, up to 25% of tuition fees. Applications are forwarded to the Scholarship and Fellowship Selection Committee, which makes the final decision. Approved applicants receive a fee waiver.

NMIMS Mumbai Corporate and Industry Scholarships /Funding

NMIMS students receive funding and scholarships from industry partners, corporate partners, and NGO collaborators to support their learning initiatives. These scholarships acknowledge both academic and non-academic achievements across various schools. Corporations sponsor university-organised events, covering costs and prizes. NGOs offer significant scholarships, including for Ph.D. students, to support research in critical and underrepresented areas. These scholarships help build academic capacity, influence policy, foster positive societal impact, and address global issues effectively.

NMIMS Scholarship and Financial Support Conditions

NMIMS Mumbai offers several scholarships and tuition waivers considered in an academic year and are subject to change based on funding availability, student merit, and need-based financial support.

NMIMNS Mumbai scholarship guidelines set by the university for awarding scholarships and other forms of financial support are subject to change:

• Scholarships are subject to renewal if all conditions are met.
• The committee determines the validity of the scholarship.
• The scholarship amount is redeemed based on the student's academic and behavioural records.
• Eligible students must apply for the scholarship after enrolment or at the time of enrolment.
• The scholarship amount is determined by a financial balance sheet maintained by the scholarship selection committee.
• The list of prospective awardees is created based on the student's overall score, including qualifying exam scores, summer school certificates, and extracurricular activities.
• Scholarship awardees who discontinued studies must repay the fee or return the scholarship amount.
• The awardee must maintain satisfactory performance and a model code of conduct.
• The university can use the awardee for promotional activities and serve as an ambassador.
• The scholarship application form is subject to change. 

Also Check: NMIMS Mumbai Placements 2025

NMIMS Mumbai Scholarships: How to apply?

Candidates are required to follow a step-by-step guide for the NMIMS Mumbai Scholarships.

Step 1: Fill in the NMIMS Mumbai scholarship form available on the official website.

Step 2: Go through the scholarship form to check the scholarship selected.

Step 3: Upload the documents.

Step 4: Students who meet certain criteria are awarded a specific scholarship, and they can track their status on the portal.

Step 5: The scholarship amount will be credited to the candidate's bank account.

Documents required:

• 10^th and 12^th marksheets
• Graduation Marksheets
• Aadhar Card
• PAN Card
• Bank details
• Identity Proof
• Candidates Photograph
• Signature

Read about: NMIMS Ranking 2025