Nov 05, 2025
The Indian Institute of Management, Bangalore (IIMB) extends financial aid to students in need of assistance. The objective of the Financial Aid Policy at IIMB is to ensure that no student is deprived of education at the institute for financial reasons.
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All Post Graduate Programme (PGP) students with an annual household income below INR 800,000 are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered.
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In addition to the Financial Aid, which is provided purely based on financial need, PGP students also receive several Merit-based or Merit-cum-Need based scholarships.
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Total 2-year fees: ₹26 lakh Covers tuition, hostel, library, insurance, and more. (Caution Deposit extra. Mess advance applies each term.)
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Explore IIMB’s extensive scholarships for PGP 2025-27. Scholarships reward merit, support financial need, and empower diversity.
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A merit-based scholarship for the first and second years. The scholarship amount is INR 1.75 lakh per student. Students can also apply for renewal in the second year, provided they belong to the top 25% of the batch in the first year.
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Given to the first ten toppers of the second year, based on their academic performance in the first year. The scholarship amount is INR 1.50 lakh, and is awarded based on an online test conducted by OP Jindal Group.
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The scholarship amounts to INR 48,000 per year for students belonging to SC/ST/PwD categories and are in their second year of management studies.
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NTPC Scholarship Scheme
This scholarship reimburses the recipient one-third of the fees at the end of each year of work for the first three years in the social sector.
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Employment in Social Sector Scholarship
ST/SC: Full tuition fees covered by respective ministries (means-based) PwD: ₹2.55 lakh per year for students with ≥40% certified disability.
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Government Scholarships: ST, SC & PwD
Multiple alumni and donor-backed scholarships reward top CGPA, women/DAP achievers, entrepreneurship, and financial need.
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Alumni and Special Awards
Candidates can apply after joining IIMB. They need documents for family income, academic record, and other relevant proofs. Assessment involves both data and personal interactions.
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IIMB claims no deserving student is denied education for financial reasons. Explore your options and aim for excellence with robust support.
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