Andhra Pradesh

Students at IIM Visakhapatnam can avail various scholarships and financial assistance. To avail IIM Visakhapatnam financial aid, candidates must meet the minimum eligibility requirement. Students who want to apply for financial assistance must follow a certain procedure:

STEP 1: The Financial Aid Committee undertakes a two-step process for deciding the number of awardees and the quantum of aid. First, students are required to submit an application form with the following details:

• Educational Qualifications
• Work experience (if any)
• Annual Gross Household Income (including income of the student if employed before joining IIMV and outstanding loans, if any)
• Household Savings
• Real Estate Assets
• Other Assets

STEP 2: All eligible students who have submitted their applications are encouraged to appear for a Personal Interview conducted by a panel of faculty members.

STEP 3: The faculty panel evaluates the financial requirements of students based on the data provided in the application form, and upon their assessments, assigns a Financial-Need Score to each student. By using the weighted average methodology established by the committee, finally, shortlisted applicants are granted financial assistance.

Following documents are required during the time of Program Registration:

• IT Returns document for the immediately preceding financial year
• Income Certificate for the immediately preceding financial year
• Household Savings documents
• Property documents
• Loan Documents (if any)
• EMI payment receipts (if any)

IIM Visakhapatnam offers scholarships to candidates who belong to the economically weaker section of the society with an objective to help candidates to pursue their higher education. Students at IIM Visakhapatnam are also encouraged to apply for scholarships which are offered by various ministries under the government of India, state governments and other agencies. 

All PGP students with annual household income below INR 5 Lacs are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered. IIM Vishakhapatnam scholarships are also merit-based.

In addition to the financial aid, students at IIM Vishakhapatnam can also apply for scholarships which are mentioned below:

• Ministry of Tribal Affairs scholarship (ST)
• Ministry of Social Justice and Empowerment scholarship
• Ministry of Social Justice and Empowerment Department of Persons with Disabilities 
• Merit Cum Means Scholarship for Professional and Technical courses CS

Students at IIM Visakhapatnam have also availed following scholarships:

• IDFC First Bank Scholarship
• Madha Pradesh Scholarship for its domiciled NC-OBC students (Offline process)
• BC, MBC and DNC Scholarship Scheme of Government of Tamil Nadu.
• Telangana State Post Matric Scholarships in other states (Offline process)
• Mukhya Mantri Protsahan Yojana-Himachal Pradesh