Hello Raaj,
Anyone and everyone who gets finally selected in an IIM has to pay the fees. There's no merit list as such for IIMs.
You get calls for GD-PI-WAT based on your percentile, and call from one IIM doesn't guarantee call from the other IIM too and even a percentile of 99+ doesn't guarantee a call from creme IIMs. All IIMs run their admission processes autonomously and there isn't a common counseling where you can go, submit your documents, give interview and wait for merit list.
For every individual IIM that gives you a call ( based on your percentile, past academic performance and other suitable parameters) you have to go through their individual processes. And then, each IIM will declare its own result, which again won't declare your rank. Either congratulate you upon your selection or give you a waiting list number for future.

And then, none provide scholarships upon entrance or admission itself.
Though, you have options of scholarships once admitted.
Scholarships based on income level of family and categories are offered by government for students pursuing higher educations in IIMs.
Then there are scholarships provided by companies like ABG based on your excellent performance in CAT and academics. ABG scholarship is released right 2-3 weeks after you join.

Hope this help.
All the best!!

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