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MBA Scholarships in India 2026: Top MBA Scholarships, Eligibility, Amount, IIM Scholarships and Application
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MBA scholarships in India 2026 are offered by various MBA institutions like MDI Gurgaon, XLRI Jamshedpur, IIM Ahmedabad, Amity Noida, and many more. Candidates are required to fulfil the scholarship eligibility criteria for MBA students in India, including completing a bachelor’s degree from a recognised institution, excellent academic performance, an annual income of less than Rs. 8 Lakhs, and valid entrance exam scores like CAT, XAT, etc. After completing the MBA scholarship eligibility requirements, candidates can apply for some of the well-known scholarships for MBA students 2026, including the Dr Anandi Gopal Scholarship Scheme at SIBM Pune, Aditya Birla Scholarship at XLRI Jamshedpur, Scheme of Top Class Scholarship for SC Students at IIM Shillong, etc. Keep reading this article for more information related to the MBA scholarships in India, top B-schools offering MBA scholarships in India, top IIMs in India with MBA scholarships, and much more.
MBA Scholarships 2026: Who is Eligible?
Before applying for an MBA scholarship for Indian students, the candidate must meet the following basic MBA scholarship in India eligibility criteria:
Candidates must have completed a bachelor’s degree from a recognised institution or university. Some scholarships also require a minimum score for a bachelor's degree-based scholarship.
Applicants must have demonstrated excellent academic performance at the college and school levels before applying for the MBA scholarship.
A letter of recommendation from the institution and a valid reason for the MBA scholarship in India, such as an annual family income of less than Rs. 8 Lakhs per annum.
Candidates who performed exceptionally well in national-level examinations such as CAT, XAT, CMAT, or GMAT.
BLACKI IIMs Scholarships 2026
Students can check the BLACKI IIMs scholarships in the YouTube video, or in the subsequent sections mentioned below for reference before the start of admission forms for all the BLACKI IIMs for academic year 2027-29.
IIM Ahmedabad Scholarship and Fee Reimbursement Coverage
Out of 904 students, 80 students were fully sponsored by state or central government for their MBA admission from IIM Ahmedabad, while 19 were given free reimbursement by institution funds, and 25 students were sponsored by private bodies.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 904 | - |
State & Central Government | 80 | 8.85% |
Institution Funds | 19 | 2.10% |
Private Bodies | 25 | 2.77% |
IIM Ahmedabad Scholarships 2026
Here are the IIM Ahmedabad scholarships 2026 mentioned in the table below for the candidates who are actively looking for MBA admission 2027-29. These IIM Ahmedabad MBA scholarships include need-based scholarship, minority welfare scholarship and more.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
IIMA Special Need-Based Scholarship (SNBS) | Institute - need-based | Gross annual family income below Rs. 15,00,000; open to PGP & PGP-FABM students | Amount assessed case-by-case (family assets, dependents, loan taken, etc.) |
SC/ST Scholarship | Institute - category-based | All SC/ST postgraduate students | Rs. 150/month for 10 months |
Exit Scholarship - Entrepreneurship | Institute - exit scheme | 2 students/batch, opting out of placement with a business plan; up to 3 consecutive years | Rs. 30,000/month stipend |
Exit Scholarship - Not-for-Profit careers | Institute - exit scheme | 2 students/batch joining NGOs; up to 3 consecutive years | Rs. 3-4 lakh/year/student |
Exit Scholarship - Doctoral Studies | Institute - exit scheme | 2 students/batch pursuing PhD in India/abroad; up to 3 consecutive years | Rs. 3-4 lakh/year/student |
SC/ST Central Sector Scheme (Top Class Education) | Government of India | Meritorious SC/ST students; family income ≤ Rs. 4,50,000 | - |
Minority Welfare Scholarship (Merit-cum-Means) | Government of India | Minority-community students; family income ≤ Rs. 2,50,000 | - |
Scholarship for Students with Disabilities (Top Class Education) | Government of India | DA/PwD students; family income ≤ Rs. 6,00,000 | - |
PGP Alumni Endowment Funds | Alumni | 9 PGP-I & PGP/FABM-II students/year from economically/socially challenged backgrounds; screened via SNBS | Rs. 2-3 lakh/student |
Class of PGP 2001 - Peri Viswanath Scholarship | Alumni | 1 student; merit-cum-means (1st-year performance + family income ≤ Rs. 15,00,000) | Rs. 2 lakh/year (Rs. 4 lakh over 2 years) |
Shri G.C. Mital Entrepreneurship Aid | Alumni | 1 graduating student starting own venture; education loan ≥ Rs. 1,00,000; family income ≤ Rs. 8,00,000 | Rs. 2 lakh (one-time, at convocation) |
Smt. J. Nagamma Memorial Award | Alumni - merit | 1 PGP-I student, academic merit | Rs. 15,000 |
Aditya Birla Group Scholarship | Industry/Corporate | 3 meritorious PGP-I & PGP-II students; selection by Aditya Birla Group | Rs. 1,75,000/student/year |
Dunia Scholarships for Scholastic Excellence | Industry/Corporate | 2 scholarships each to PGP-I and PGP-II; merit-based | Rs. 1,00,000/scholarship |
OP Jindal Engineering & Management Scholarship (OPJEMS) | Industry/Corporate | 1-2 PGP-II students; academic performance + online test + interview | Rs. 1,50,000/student/year |
T. Thomas Scholarship (HUL) | Industry/Corporate | 1 PGP-II student; merit-cum-means | Rs. 1,00,000/year |
IIM Bangalore Scholarship and Fee Reimbursement Coverage
Total of 88 students' MBA fees for IIM Bangalore were financed by state or central government funds, while around 09 students were received fuill tuition fee reimbursement out of institution funds. Moreover, another 06 students were financed out funds provided by private bodies.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1206 | - |
State & Central Government | 88 | 7.30% |
Institution Funds | 9 | 0.75% |
Private Bodies | 6 | 0.50% |
IIM Bangalore Scholarships 2026
Admission to IIM Bangalore is made easy by MBA scholarships provided by various instiutions based on merit or needs. Candidates who are interested in IIM Bangalore MBA admission can check the IIM Bangalore scholarships in the table below for reference.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-based Financial Aid | Institute - need-based | Annual household income below Rs. 8,00,000 (or sudden financial hardship); two-stage income score + interview assessment | 20% / 40% / 60% / 80% / 100% of tuition fee, tiered by need score |
Aditya Birla Scholarship | Merit | PGP-I and PGP-II; 2nd-year renewal needs top-25% standing in Year 1 | Rs. 1,75,000/student |
OPJEMS Scholarship | Merit | PGP-II; top 10 based on Year-1 CGPA, online test by OP Jindal Group | Rs. 1,50,000 |
NTPC Scholarship Scheme | Merit-cum-category | SC/ST/PwD, PGP-II, cleared Year 1 in one attempt | Rs. 48,000/year |
Employment in Social Sector Scholarship | Exit scheme | Graduates joining the social sector; reimbursed yearly for first 3 years | 1/3rd of programme fee reimbursed per year of social-sector work |
Ministry of Tribal Affairs Scholarship (ST) | Government of India | ST students, PGP-I, means-tested | Full tuition-fee coverage |
Ministry of Social Justice & Empowerment Scholarship (SC) | Government of India | Meritorious SC students, PGP-I, means-tested | Full tuition-fee coverage |
Dept. of PwD Scholarship (Ministry of Social Justice) | Government of India | ≥40% disability with valid certificate | Rs. 2,55,000/year |
Alumni Scholarships (11 named awards)* | Alumni | Varied - CGPA rank lists, DAP/diversity candidates, means-only, entrepreneurship coursework, etc. | Varies by award; awarded at PGP inauguration/orientation |
IIM Calcutta Scholarship and Fee Reimbursement Coverage
Out of total 1059 students, 33 students or 3.12% were financed out of state or central government funds, whereas another 21 students were financed by institution funds to pursue MBA program from IIM Calcutta.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1059 | - |
State & Central Government | 33 | 3.12% |
Institution Funds | 21 | 1.98% |
Private Bodies | 0 | 0.00% |
IIM Calcutta Scholarships 2026
Candidates can check the various scholarships for MBA admission to IIM Calcutta in the table below. The table highlights IIM Calcutta scholarships from Need Based Financial Assistance to IDFC First Bank MBA Scholarship for MBA admission 2027.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need Based Financial Assistance (NBFA) | Institute - need-based | Open to all students irrespective of caste and creed who meet eligibility criteria and apply through due process (exact income slab not published) | Rs. 3.47 crore disbursed to deserving students in AY 2024-25, per the Institute's Annual Report |
First-Year Merit Prizes (Prize Distribution Day) | Institute -merit | Top-ranked MBA 1st-year students; includes B.P. Poddar Merit Scholarship, BPL Prize, T.T. Krishnamachari Award, Institute's Prize, Damodar Valley Corporation Prize, P.R. Karthik Scholarship, Central Bank of India Prize, Aditya Kashyap Scholarship | Award-specific; funded from dedicated endowments (e.g. P.R. Karthik Scholarship fund closing balance Rs. 0.64 crore, FY 2024-25) |
Second-Year Convocation Medals & Prizes | Institute - merit | Top-ranked MBA 2nd-year students; includes Dr. B.C. Roy Memorial Gold & Silver Medals, Chairman's & John Wynne Prize, ABC India Ltd. Award, Balmer Lawrie Award, B.S. Dua Memorial Prize, Calcutta Management Association Prize, and others | Award-specific |
Aditya Birla Scholarship | Industry/Corporate | Merit-based; 2 students (61st batch) awarded in AY 2024-25 | As per sponsor terms |
IDFC First Bank MBA Scholarship | Industry/Corporate | Merit-based; 3 students awarded in AY 2024-25 (1 from 60th batch, 2 from 61st batch) | As per sponsor terms |
HUL T. Thomas Scholarship | Industry/Corporate | Merit-cum-means; 1 student (61st batch) awarded in AY 2024-25 | As per sponsor terms |
HUL P.M. Sinha Scholarship | Industry/Corporate | Merit-based; 1 student (60th batch) awarded in AY 2024-25 | As per sponsor terms |
OP Jindal Engineering & Management Scholarship (OPJEMS) | Industry/Corporate | Merit-based; 1 student (61st batch) awarded in AY 2024-25 | As per sponsor terms |
Rajarshi Sahu Maharaj Merit Scholarship | State Government (Maharashtra) | Merit-based, per state scheme criteria | As per Government of Maharashtra norms |
Central Sector Scholarship for Top Class Education (SC) | Government of India | SC-category students, per Ministry of Social Justice & Empowerment norms | As per Ministry norms |
National Fellowship & Scholarship for Higher Education of ST Students | Government of India | ST-category students, per Ministry of Tribal Affairs norms | As per Ministry norms |
Scholarship for Top Class Education for Students with Disabilities | - | - | - |
PM YASASVI Central Sector Scheme (OBC/EBC/DNT) | Government of India | OBC, EBC and De-notified Tribes (DNT) category students in top-class colleges | As per scheme norms |
"Students Scholarship at IIM Calcutta" | Institute CSR initiative | CSR initiative of IIM Calcutta Innovation Park | Dedicated fund; closing balance Rs. 0.13 crore, FY 2024-25 |
IIM Lucknow Scholarship and Fee Reimbursement Coverage
Around 101 students received full tuition Fee reimbursement from state or central government for their IIM MBA admission, while another 91 students' MBA fees are financed out of institution funds, that is around 7.37%.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1234 | - |
State & Central Government | 101 | 8.18% |
Institution Funds | 91 | 7.37% |
Private Bodies | 17 | 1.38% |
IIM Lucknow Scholarships 2026
IIM Lucknow MBA admission 2027-29 finaning can be done through various scholarships offered by public, private, or other institutes. Candidates can opt for need-based scholarship, Aditya Birla Scholarships, Central Bank of India scholarship, and more.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-Based IIML Scholarship (Financial Assistance Scheme, est. 1993-94) | Institute - need-based | Any student regardless of caste/creed/gender/religion; family-income slab announced post-admission; based on need and academic performance | 38 scholarships awarded to 1st-year students and 53 to 2nd-year students in AY 2024-25 (91 total); term-wise disbursal, no auto-renewal, one scholarship per student |
IDFC First Bank MBA Scholarship | Industry/Corporate | Merit-based; 5 students awarded in AY 2024-25 | As per sponsor terms |
Aditya Birla Scholarship | Industry/Corporate | Merit-based; 2 students awarded in AY 2024-25 | As per sponsor terms |
Central Bank of India Scholarship | Industry/Corporate (Bank) | 5 students awarded in AY 2024-25 | As per sponsor terms |
Apeejay Scholarship | Industry/Corporate | 2 students awarded in AY 2024-25 | As per sponsor terms |
Amrit Kala Dayal Scholarship for Girl Students | Institute/Donor -merit-cum-gender | 1 student awarded in AY 2024-25 | As per donor terms |
OPJEMS Scholarship | Industry/Corporate | 1 student awarded in AY 2024-25 | As per sponsor terms |
Class of 1993 Scholarship | Alumni | 1 student awarded in AY 2024-25 | As per alumni-fund terms |
Central / State Government Scholarships (SC/ST/OBC/PwD) | Government of India / State | SC/ST/OBC/PwD category students, per scheme-specific eligibility; the Institute explicitly extends scholarships to these categories via the National Scholarship Portal | Routed via the National Scholarship Portal (scholarships.gov.in) and respective state portals |
IIM Kozhikode Scholarship and Fee Reimbursement Coverage
Here are the IIM Kozhikode fee reimbursement data reported to NIRF. This includes 120 students who got full tuition fee reimbursement from state or central government, while another 73 students got scholarships out of institution funds.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1191 | - |
State & Central Government | 120 | 10.08% |
Institution Funds | 73 | 6.13% |
Private Bodies | 2 | 0.17% |
IIM Kozhikode Scholarships 2026
Many public or private institutions provide MBA scholarships for IIM Kozhikode based on merit or needs of the students. Interested candidates can check the IIM Kozhikode scholarships in the table below for reference.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
IIMK Merit Scholarship | Institute - merit | PGP, PGPLSM & PGPFIN, Year 1 & 2, ranked by CGPA | 1 scholarship for every 20 students, per year |
IIMK Need-Based Financial Assistance (NBFA) | Institute - need-based | Gross annual family income ≤ Rs. 8,00,000; must hold an education loan from a scheduled commercial bank; no other scholarship being availed | Amount set by Financial Aid Committee (FAC) rank-list, within annual NBFA budget |
Top Class Education Scheme for SC Students | Government of India | SC category; family income ≤ Rs. 8,00,000; max. 10 slots allotted to IIMK | As per Ministry of Social Justice & Empowerment norms |
National Fellowship & Scholarship for ST Students | Government of India | ST category; family income ≤ Rs. 6,00,000; no institute/state ceiling | As per Ministry of Tribal Affairs norms |
Merit-cum-Means Scholarship (Minority Communities) | Government of India | Muslim, Sikh, Christian, Buddhist, Jain, Parsi students; ≥50% marks; family income ≤ Rs. 2,50,000 | As per Ministry of Minority Affairs norms |
Top Class Education Scheme for Students with Disabilities | Government of India | ≥40% disability with valid certificate; parental/guardian income ≤ Rs. 8,00,000 | As per Dept. of Empowerment of Persons with Disabilities norms |
PM Scholarship Scheme (CAPF/Assam Rifles/State Police wards) | Government of India | Wards/widows of CAPF, Assam Rifles & state police personnel; ≥60% marks at qualifying level | As per Ministry of Home Affairs norms |
Rajarshee Shahu Maharaj Merit Scholarship | State Government (Maharashtra) | State-specific eligibility | As per Government of Maharashtra norms |
Tamil Nadu Government Scholarship Scheme | State Government (Tamil Nadu) | State-specific eligibility | As per Government of Tamil Nadu norms |
IDFC First Bank MBA Scholarship | Private/Corporate | As per sponsor criteria | - |
Mirae Asset Foundation (MAF) Scholarship | Private/Corporate | As per sponsor criteria | - |
Aditya Birla Group Scholarship | Private/Corporate | As per sponsor criteria | - |
OP Jindal Engineering & Management Scholarship (OPJEMS) | Private/Corporate | As per sponsor criteria | - |
IIM Indore Scholarship and Fee Reimbursement Coverage
Around 293 students or 23.44% got full tuition fee reimbursement from state or central government, while 46 other students' MBA education was financed out of institution funds. Candidates can check the full breakdown in the table below.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1250 | - |
State & Central Government | 293 | 23.44% |
Institution Funds | 46 | 3.68% |
Private Bodies | 20 | 1.60% |
IIM Indore Scholarships 2026
Students who are looking for IIM Indore MBA admission can check the MBA scholarships offered by many institutions for IIM Indore. These IIM Indore scholarships 2026 are mentioned in the table below for reference.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-Based Financial Assistance (NBFA) | Institute - need-based | PGP, PGP-HRM (PGPH) & IPM participants; annual family income below Rs. 12,00,000; two-stage evaluation (application review + committee interview); disciplinary record considered | Percentage of the Institute's decided maximum aid, set annually by income/asset slab; NBFA Committee decision is final |
EWS / SC / ST / PwD-quota admits | Institute - eligibility clarification | Participants admitted via EWS, SC, ST or PwD quota who meet the NBFA income criterion may also apply | Same NBFA slab-based assistance as above |
Awards, Scholarships & Achievements (Institute-listed) | Institute - merit/other | Published separately by the Institute under its Awards page | Varies - see Institute website for current listing |
Colleges Offering MBA Scholarships in India 2026
Top colleges offer MBA scholarships for Indian students belonging to poor families and reserved categories to pursue an MBA program without any financial roadblock. The table below highlights the MBA institutions with active MBA scholarships in India in 2026 for your reference.
MBA Institutions | MBA Scholarships in India 2026 |
XLRI, Jamshedpur | Aditya Birla Scholarship, IDFC First Bank, Mirae Asset Foundation Scholarship, Mirae Asset Foundation Scholarship, OP Jindal Engineering & Management, T Thomas, Pirojsha Godrej, Joseph M Sciortino (for ST Students), Geeta Saxena Memorial, Kalyan Ganguly XEF Scholarship, Naveen Jain & Distinguished Alumni Award, Vasantha Sankaran Scholarship, XLRI Diamond Jubilee (Seniors), XLRI Diamond Jubilee (Juniors), Alumni Scholarship (General), Alumni Scholarship (General), Alumni Scholarship (SC/ST/EBC), Alumni Batch of 1988 Scholarship, Revolut Ira Scholarship, Schedule Caste – Government of India, Schedule Tribe – Government of India, OBC/EBC/DNT |
| Institute of Management Technology, Ghaziabad | Female Candidate Scholarship, Merit-Based Scholarship, Tuition Fee Waiver. |
SIBM, Pune | Late Jayatee Deshmukh Scholarship, Merit Scholarship for IIT Graduates, Merit Scholarship Scheme for Students from the North-East Region, SCOPE Scholarship for Girl Students, Merit Scholarship (SLAT Toppers), Merit Scholarship for semester and year toppers (UG and PG), Global Immersion Programme Scholarship, Golden Jubilee Scholarship for Foreign National Students, Dr Anandi Gopal Scholarship Scheme, |
Scholarship in PG Programs, Merit-based Scholarship, Sports Scholarship, Martyr’s Scholarship | |
12 Merit Cum Means Scholarship for EWS Candidate, AICTE Tuition Fee Waiver (TFW) Scheme, Merit cum Means Scholarship Scheme | |
Amrita Chancellor scholarship, Amrita Meritorious scholarship | |
| New Delhi Institute of Management, Delhi | Merit Scholarship to SC/ST/OBC/Minority etc, Merit cum means scholarship to professional and technical courses, Centrally Sponsored schemes in NCR Delhi. Institutional Memorial Scholarship |
Diversity & Merit Scholarships, Dr Bala V Balachandran Merit Scholarship | |
Academic Competence and Excellence Scholarship Scheme (ACCESS) | |
Need-Based Scholarship Scheme, New Scholarship Scheme (NSS), Scholarships offered by the Government of India, Exim Bank Scholarship, OPJEMS Scholarship | |
Merit-Based Scholarship. Tuition Fee Waiver (TFW Scheme) | |
Merit cum Means Scholarship | |
Merit-Based Scholarship Policy | |
LPUNEST Scholarships, Merit-Based Scholarship, Sports-Based Scholarship, ECA-Based Scholarship, Scholarship for toppers in Class 12 | |
A. Shriyut B K Birla Admission Scholarship, Late G.D Birla Academic Merit Scholarship, C. Madhuri & Jagdish Sheth Endowment Awards, Late Basant Kumar Birla Admission Merit Scholarship | |
| Fortune Institute of International Business, Delhi | Academic Excellence & Performance Scholarship, Need-Based Scholarship- Up to 100% tuition Waiver, Diversity Inclusion Scholarship, and Impact and Achievement Scholarship. |
Means cum Merit Scholarship, Merit Scholarship, Scholarship for J&K, Ladakh and North Eastern States, Means Scholarship. |
*The Number of Scholarships might vary according to the year and the terms and conditions applied.
Scholarships for MBA students 2026
Here are some of the well-known scholarships for MBA students in India in 2026. Candidates can check the following sections for more details related to the MBA scholarship in India for reference.
Aditya Birla Scholarship for MBA
The Aditya Birla Scholarship for MBA was instituted in 1999 to provide scholarships for MBA students in India studying in prestigious universities like IIMs and XLRI. Students looking for MBA scholarships in India 2026 can check the Aditya Birla scholarship for MBA eligibility criteria, selection process, and scholarship amount in the following sections.
MBA Scholarship Amount:
The Aditya Birla scholarship for MBA promises Rs. 3,00,000 per annum for management students. The funds will be directly transferred to the concerned institution.
Eligibility Criteria:
Students must be studying in any one of the following MBA institutions, such as IIM Ahmedabad, IIM Kolkata, IIM Lucknow, IIM Shillong, IIM Bangalore, IIM Kozhikode, or XLRI, Jamshedpur.
Application Process:
The top 20 students in terms of entrance exam score will be shortlisted and asked to fill out the form by the college dean. The dean will transfer the scholarship for MBA students to the concerned scholarship authority.
Selection Process:
180 students from the management will be shortlisted based on their co-curricular and academic excellence, essay written by them for the final round.
The candidates will be required to appear for a personal interview in front of an eminent panel before the final selection for the MBA scholarship 2026.
Performance Assessment Criteria:
To continue having the benefit of a scholarship for MBA students, candidates are required to remain in the top 25% of students in the batch.
At least 60% of the assignments submitted by the students must have a rating of 7 out of 9 points.
Participation of students in at least two forums on campus.
A 250-word write-up highlighting the experience of being an Aditya Birla scholar at the end.
Top UGC Approved Colleges for Online MBA
Download this ebook and get all details related to the top UGC approved colleges for Online MBA.
Download List HereIDFC First Bank MBA Scholarship
The IDFC First Bank MBA Scholarship is a need-based MBA scholarship for students who are looking to pursue an MBA program but don't have enough funds to realise their MBA dream. Here is the MBA scholarship amount, eligibility criteria, and more.
MBA Scholarship Amount:
The IDFC First Bank MBA scholarship helps students by providing Rs. 2,00,000 for a two-year MBA program to a maximum of 700 students. Moreover, the scholarship for MBA students applies only to students currently enrolled in the program.
Eligibility Criteria:
The candidate must be a citizen of India, residing in India.
The gross family income must be less than or equal to Rs. 6,00,000 per annum.
Students in their first year of the MBA program are eligible, provided they are in the IDFC First Bank MBA colleges list.
Moreover, applicants must have a valid phone number linked to their Aadhaar card.
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Selection Process:
Candidates will be selected upon the successful verification of documents and on-ground screening by the IDFC First Bank officials.
O.P. Jindal Scholarship for Engineering and Management
The O.P. Jindal Scholarship for Engineering and Management identifies and assesses 100 individuals for MBA scholarships in around 40-43 institutions. The scholarship amount for Management programs is around Rs. 1,50,000 per annum per person. Candidates are advised to check the points below for more information.
Eligibility Criteria:
- The first ten toppers for a particular entrance exam are considered by the institution.
- For 2nd-year students, academic performance in their first year will be judged for the OP Jindal MBA scholarship.
Selection Process:
- First, candidates need to submit a business proposal to solve a problem faced by the country.
- Appear in the OP Jindal MBA scholarship online test assessing candidates' behavioural and general awareness.
- Shortlisted candidates will be called for a virtual interview before the final selection for the MBA scholarship.
- Based on all the above rounds, candidates will be selected for the OP Jindal MBA scholarship for MBA admission.
MBA Scholarships for Indian Students 2026: IIMs
IIMs in India are top institutions for pursuing an MBA degree, but they come with a heavy financial burden on the student and their family. To fix that and pursue an MBA program without any or minimal financial burden, students can opt for scholarships for MBA in India offered by several IIMs to candidates belonging to reserved categories, EWS, and PwD categories. Refer to the table below for more details related to MBA scholarships in India 2026 for the top IIM institutions.
IIM Institutions | IIM Scholarships for MBA students |
Aditya Birla Scholarship, OPJEMS Scholarship, NTPC Scholarship Scheme, Employment in Social Sector Scholarship, Ministry of Tribal Affairs Scholarship (ST), Ministry of Social Justice and Empowerment Scholarship (SC), Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD) | |
IIMA Special Need-Based Scholarships, SC/ST Scholarships, SC/ST Scholarships {Central Sector Scheme for Top Class Education (merit-cummeans), Minority Welfare Scholarship (Merit-cum-Means), Scholarships for Students with Disabilities {Central Sector Scheme for Top Class Education (Merit-cum-Means) | |
Need-Based Financial Assistance | |
IIMK Merit Scholarship, IIMK Need-Based Financial Assistance (NBFA), Top Class Education Scheme for SC Students, National Fellowship and Scholarship for Higher Education of ST Students, Rajarshee Shahu Maharaj Merit Scholarship, IDFC First Bank MBA Scholarship, Mirae Asset Foundation (MAF) Scholarship, Aditya Birla Group Scholarship, OP Jindal Engineering & Management Scholarship (OPJEMS) | |
Ministry of Tribal Affairs Scholarship (ST), Ministry of Social Justice and Empowerment Scholarship (SC), IIM Visakhapatnam Financial Aid (Merit-cum-Means Basis), National Scholarship for Post Graduate Studies by UGC (Open for all categories) | |
IIM Nagpur Merit Scholarship, IIM Nagpur Need-cum-Merit Scholarship, Dr Panjabrao Deshmukh Sarathi Higher Education Domestic Scholarship Scheme | |
Merit Cum Means Scholarship | |
Central Sector Scholarship of Top Class Education for ST students, National Scholarship for Higher Education of ST Students, PM Yasasvi Central Sector Scheme of Top Class Education in College for OBC, EBC, and DNT Students Scheme | |
Scheme of Top Class Scholarship for SC Students, Need-Based Financial Assistance (NBFA) scheme, PM- VIDYALAXMI Scheme | |
Need-Based IIML Scholarship | |
Need-based financial assistance, Merit-based Scholarship, Sharada Scholarship for female candidates, IDFC Scholarship, OP Jindal Engineering and Management Scholarship, ONGC Scholarship |
*The Number of Scholarships might vary according to the year and the terms and conditions applied.
How to apply for MBA Scholarships in India 2026
Candidates are advised to follow the step-by-step guide to apply for MBA scholarships in India in 2026. This guide is relevant for most of the applications for MBA students in India applications across the country and institutions.
Candidates eyeing an MBA scholarship in India must research open MBA scholarships and apply based on the eligibility criteria, qualifications, and needs.
After researching, candidates must ensure that they meet the scholarship for MBA students in India requirements, such as income and marks in graduation or higher education.
You should have your academic certificates and marksheets, income proof, and other related documents like a caste certificate, recommendation letter, etc.
Fill out the scholarship application form with the required information and upload relevant documents before the deadline.
Practice common interview questions before appearing for the scholarship interview in front of the institution's panel.
Follow the notification bulletin and stay updated on the MBA scholarship terms and conditions as and when required.
Scholarships for MBA Students 2026: Documents Required
Students applying for MBA scholarships in India must note these important required documents before even researching. These documents are relevant for almost all MBA scholarships in India. Check the following points for more details.
Upload a recent passport-size photograph.
Front and back scanned copies of the Aadhaar card.
Upload the scanned copy of the first page of the bank passbook.
Permanent residential address certificate in India.
Upload scanned copies of Class 10, 12, and graduation certificates and marksheets.
Provide a caste certificate (if applicable), authorised by the revenue authorities.
Copy of the Birth certificate authorised by the Revenue officer.
Provide the income certificate of the parents.
Frequently Asked Questions (FAQs)
Q: How to get a full scholarship for an MBA in India?
A:
Candidates must have completed their bachelor’s with good scores, a good past academic record, a valid score in the entrance examination, a final income less than the threshold limit, caste certificate (if applicable) are some of the conditions to get a full MBA scholarship in India.
Q: Does an MBA provide scholarships?
A:
Yes, you can get up to 100% scholarship from various institutions like XLRI, IIMs, Great Lakes, Amity, SIBM Pune, MDI, etc, after completing the MBA scholarship requirements.
Q: How to study MBA for free in India?
A:
You can not study an MBA for totally free in India, as most MBA scholarships are on the MBA tuition fee and not on other additional charges. Candidates are required to pay all the other charges and hostel fees even after they get a 100% tuition fee scholarship.
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