IIM Indore offers scholarships to students as financial assistance. The objective of Need-Based Financial Assistance at Indian Institute of Management Indore (IIM Indore) is to ensure that no candidate is deprived of education at the institute for any kind of financial reasons. Students of the Post-Graduate Programme in Management (PGP), PGP HRM (PGPH) and Integrated Programme in Management (IPM) with a family income below INR 12 LPA are eligible to apply for the IIM Indore financial assistance. To decide the number of candidates and scholarship amount, the Need-Based Financial Assistance (NBFA) follows a two-step process.
- Evaluation of the candidates’ financial need based on the form submitted by the students.
- PI round with the NBFA committee to understand the financial need of the participant and verify the information provided by the students.
To be eligible for the IIM Indore NBFA scholarship, candidates are required to fill out and submit the scholarship form with all the mandatory details. To learn more about the scholarships of IIM Indore, aspirants must fill out the form before the given deadline.
PGP students receive several Merit based or Merit-cum-Need based scholarships or Central/State government scholarship as per the details are as below:
- Aditya Birla Group Scholarship: Offered by the Aditya Birla Group. This is awarded to 1 / 2 academically outstanding students from the first year. Selection is done by the Aditya Birla Group through personal interview conducted for the applicants. To continue this scholarship in the second year, the selected students have to be among the top 25 as per the CGPA for the first year.
- OPJEMS Scholarship: Offered by the OP Jindal Group to 1 / 2 students. Selection is done by OP Jindal Group through written test and personal interview conducted for the applicants. Top 20 students from the second year based on their CGPA for the first year are eligible to apply.
- Citi Women’s Leader Award: The Citi Woman Leader Award, now in its third year, aims to encourage and award woman candidates at campuses who demonstrate leadership potential. The students are selected on the basis of their Statement of Purpose and subsequent interviews scheduled by Citi.
- IDFC FIRST Bank MBA Scholarship – IDFC First Bank IDFC FIRST Bank MBA Scholarship is a need-based scholarship for two years of full-time MBA studies.
- Ministry of Tribal Affairs – Central Sector Scholarship for ST Students: Offered by the Ministry of Tribal Affairs, Government of India, based on annual parental income for the previous financial year. Tuition fee, other non-refundable charges, lodging & boarding charges, books & stationery charges, cost of IT equipments are reimbursed under this scholarship scheme (www.scholarships.gov.in).
- Ministry of Social Justice and Empowerment –- Central Sector Scholarship for SC Students: Offered by the Ministry of Social Justice & Empowerment, Government of India, based on annual parental income for the previous financial year
- Ministry of Minority Affairs – Merit-cum-Means Scholarship for Minority students for Professional and Technical Courses offered by by the Ministry of Minority Affairs, Government of India, to the students belonging to minority communities
- Department of Empowerment of Persons with Disabilities – Scholarships for Top Class Education for students with disabilities – Offered by Department of Empowerment of Persons with Disabilities (Divyangjan) Ministry of Social Justice and Empowerment Government of India, based on annual parental income provide scholarship for Scholarship for Top Class Education for Post Graduate Degree or Diploma.
- Rajarshee Sahu Maharaj Scholarship: Offered by Government of Maharashtra to SC students belonging to Maharashtra. Full fee is reimbursed under this scholarship scheme.
Industry-Sponsored Merit Scholarships
- One scholarship of INR 1,50,000/-, sponsored by State Bank of India.
- One scholarship of INR 50,000/-, sponsored by Eicher Motors.
- CSI Signature Award Gold Medal to the Topper
- KK Alagh Gold Medal for Overall Outstanding Performance Women – Alagh Gold Medal is awarded to the Overall Outstanding Performance – Woman
IIM Indore Scholarship FAQs
Given below are the FAQs about scholarship offered at IIM Indore:
The students admitted to the Post-Graduate Programme in Management (PGP), PGP HRM (PGPH) and Integrated Programme in Management (IPM) with annual family income below INR 12 LPA are eligible to apply for financial aid. Eligible applicants who wish to apply for the IIM Indore NBFA may apply in the prescribed form as available in PGP/IPM Office. It is important that they apply in the form taken from the respective PGP/IM Office only. All participants who have applied through the EWS quota but have secured the seat through general or any other quota can also apply for NBFA. Any participant who has applied through SC, ST, OBC or physically handicapped quota and falls within the above eligibility criteria can also apply for the NBFA.
IIM Indore gives scholarships for its five-year integrated programme. These scholarships are based totally on advantage and other standards including educational performance, front examination ratings, and monetary need. The precise scholarships, eligibility necessities, and application approaches may also range, and it's miles really helpful to refer to the professional website of IIM Indore or contact the institute directly for particular records on the to be had scholarships and their software methods.
For IIM Indore MBA admission, the course fee is INR 24 lakh to be paid in six equal instalments. This doesn't include other components. Given below is the fee structure of IIM Indore MBA fees, as per the official website for the 2026-28 batch:
| Components | Amount (2026-27) | Amount (2027-28) |
|---|---|---|
| Course Fee | INR 1,200,000 | 1,200,000 |
| Alumni Fee GST @ 18% | -- | 11,800 |
| Refundable Caution Deposit | INR 50,000 | -- |
| Mess Deposit | INR 54,000 | -- |
| Grand Total | INR 13,04,000 | INR 1,211,800 |
Reviews (Showing 6 of 241 reviews)
Placements: The placement here is outstanding. You can expect a placement record of 100%. All the students of all the branch gets good amount of package during their placement process. Some of them get hired by an international company with travel accommodation. The median salary is always 15 LPA. The highest goes upto 50 LPA and above that.
Placements: Our college is a government management institute. It provides a high number of placements at different companies like Adani Group, Reliance Industries, Tata Consultancy Services, etc., with a good package of 10 to 30 LPA. In our institution, a good internship programme is held every year.
Placements: The college guaranteed 100% placement for our programme but achieved only 73% in the previous year. The highest number of companies were core companies, with the least pay starting from ₹2,76,000. Top companies included Adobe, Flipkart, Aditya Birla, and Dell.
Placements: College placements brought only the top MNCs for the recruitment. Even they won't invite moderate and least payable companies, and they are looking for standardized placements only. The packages invited would be above 8 LPA only, it's a major drawback in the placements, resulting in the recruitment of the least number of students.
Placements: The placement offered simply differs from one discipline to another usually it depends upon the placement office's efforts. Some of the recruiters had a stable relationship with the college for active recruitment. Cognizant and BCG were the top recruiters offering the highest package above 9 LPA.
Placements: Almost all students got placed, more than 95%. The highest package is around 50 LPA, the lowest is 10 LPA, and the average is around 25 LPA. Big companies like BCG, Deloitte, and Accenture visit our college. Many students got internships in banks and consultancies. Roles offered are analyst and manager. It's quite good.
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Student Forum
Anything you would want to ask experts?Answered 2 years ago
There is need-based financial assistance offered to the students of IPM at IIM Indore. Below is the criteria for scholarship:
- All participants admitted to the IPM programme with annual family income below INR 12, 00,000 are eligible to apply for financial aid.
- Eligible applicants who wish to apply for
N
Guide-Level 15
Answered 2 years ago
Candidates can refer to the IIM Indore's scholarships and confirm from the IIM Indore Mumbai Campus whether they are eligible for the same or not. The below-mentioned are scholarships provided by the IIM Indore:
| Scholarships | ||
|---|---|---|
| Ministry of Social Justice and Empowerment –- Central Sector Scholarship for SC Students | Ministry of Tribal Affairs – Central Sector Scholarship for ST Students | IDFC FIRST Bank MBA Scholarship |
| Aditya Birla Group Scholarship | - | - |
L
Contributor-Level 10
Answered 4 days ago
No the IPMAT cutoff for IIM INdore and IIM Rohtak are not the same. Both the IIMs conduct different IPMAT exams. IIM Indore conducts IPMAT Indore and the exam conducted by IIM Rohtak is called the IPMAT Rohtak exam. Thus, both the institues have different cutoffs.
S
Contributor-Level 7
Answered 2 months ago
Under the 'Full-Time MBA category for Asia', IIM Indore has been ranked 23rd by the QS World University Rankings 2026. Indian Institute of Management Indore was also ranked in the band of 151 - 200 in the category of 'Master's in Management'.
R
Contributor-Level 10
Answered 2 months ago
Candidates can check below the total tuition fee of IIM Indore courses:
Courses | Total Tuition Fee |
|---|---|
Certificate | INR 90,000- 2.5 lakh |
MBA | INR 17.3 lakh- 20 lakh |
FPM | INR 9.8 lakh |
IPM | INR 35 lakh |
Note: This number is taken from the official sources of college. It can change.
R
Contributor-Level 10
IIM Indore provides Need-Based Financial Assistance (NBFA) to PGP, PGP HRM (PGPH) and Integrated Programme in Management (IPM) students with annual family income below INR 12 LPA. The objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons.