MBA Scholarships in India 2024: Check Eligibility and Application Process

To help students who want to pursue the prestigious degree of MBA the Government of India launched an MBA scholarship in India 2024. These scholarships will provide financial assistance to financially backward student so that they can continue their education. All the students who want to pursue an MBA degree are eligible to apply for an MBA scholarship in India 2024. This scholarship will help students to complete their education and build their careers without worrying about financial problems. All the Students who clear the eligibility criteria can fill out the application form on the official website.

Overview of MBA Scholarships in India

The Government of India launched various scholarships to help the students continue their MBA degrees. Students who want to pursue an MBA degree are eligible to apply for these scholarships. These scholarships will provide financial assistance to the students so that they can continue their education. The financial assistance will be transferred directly to the applicant’s bank account. All the students who have gained good marks in the undergraduate degree will be given preference for the MBA Scholarship in India. The applicants must fill out the application form before the last date to avail the benefits of this scheme.

Also Read: Saksham Scholarship Scheme by Arvind Fashions Limited

Key Highlights of MBA Scholarships in India

Name of the scheme	MBA Scholarships in India
Launch by	Central or state government
Objective	Financial assistance
Beneficiaries	Students pursuing MBA degree
Official website

IDFC FIRST Bank MBA Scholarship

To help the financially unstable students pursue their MBA degree the IDFC bank launched the IDFC first bank MBA scholarship. The selected students for the scholarship will get financial assistance from the IDFC bank authorities. The last day to apply for IDFC’s first bank MBA scholarship is June 30, 2024. All the Students who clear the eligibility criteria can fill out the application form before the last date to avail the benefits of this scheme. The IDFC first bank MBA scholarship bill provides financial assistance of INR 10 lakh to the selected students for the scholarship.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The annual income of the applicant’s family must not exceed INR 6 Lakh per year. 
• The applicant should have enrolled in an MBA degree or its equivalent.

Also Read: Vidya Vikas Scholarship

IIMA Special Needs Scholarship

To help the students who are currently pursuing MBA degrees the IIMA launched the IIMA Special Needs scholarship. All financially unstable students who want to pursue an MBA degree are eligible to apply for the IIMA Special Needs Scholarship. With the help of this scholarship, students can achieve their dreams and build their careers. The last date to apply for the IIMA Special Needs Scholarship is June 14, 2024. All the student who wants to avail the benefits of this scheme are requested to fill out the application form before the last date.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The annual income of the applicant’s family must not exceed INR 15 Lakh per year. 
• The applicant should have enrolled in a postgraduate program.

T. Thomas Scholarship

To help all the students who are currently pursuing an MBA degree and are in the second year of the degree. The Hindustan Unilever Limited launched the T. Thomas scholarship. The students for this scholarship will be selected on the basis of merit. All the meritorious students can avail the benefits of this T. Thomas Scholarship. Only the students currently who are studying in their second year of an MBA degree are eligible to apply for the T. Thomas Scholarship. The last day to apply for the scholarship is 14 June 2024.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The selection of the applicant for this scholarship will be based on merit.
• Only the students who are currently in their second year of the degree are eligible to apply.

Aditya Birla Group Scholarship

Aditya Birla Group launched the Aditya Birla Group scholarship for students who are pursuing an MBA degree. This scholarship will help financially unstable students to continue their education without worrying about financial problems. All the students who want to avail the benefits of this scheme can fill out the application form before the last date January 31, 2024. All the students who are currently studying at IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong, and XLRI Jamshedpur are eligible to apply for this scholarship.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The selection of the applicant for this scholarship will be based on merit.
• Only the students who are currently studying at  IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong, and XLRI Jamshedpur are eligible.
• The top 20 students who are selected in ranking at the time of admission.]

Also Read: Aditya Birla Capital Scholarship

IIM Ahmedabad MBA Scholarships

All the students who are currently studying at IIM Ahmedabad are eligible to apply for the IIM Ahmedabad MBA scholarship. This scholarship will help all the students who are currently pursuing their degrees at IIM Ahmedabad. The last day to apply for the scholarship is 15 July 24. All the students whose family income is less than INR 15 lakh per year are eligible to apply for the IIM Ahmedabad MBA scholarship. This scholarship will help economically unstable students to pursue higher education. The applicant must be a permanent citizen of India to available the benefits of this scheme.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The annual income of the applicant’s family must be less than INR 15 Lakh per year
• Different criteria such as annual family income, ownership of assets, and the number of dependents in the family.

IIM Bangalore MBA Scholarships

All the students who are currently studying at IIM Bangalore are eligible to apply for the IIM Bangalore MBA scholarship. This scholarship will help all the students who are currently pursuing their degrees at IIM Bangalore. The last day to apply for the scholarship is 11 July 2024. All the students whose family income is less than INR 8 lakh per year are eligible to apply for the IIM Bangalore MBA scholarship. This scholarship will help economically unstable students to pursue higher education. The applicant must be a permanent citizen of India to available the benefits of this scheme.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The annual income of the applicant’s family must be less than INR 8 Lakh per year
• The applicant with severe financial difficulties arising from sudden unforeseen circumstances is also considered to avail of financial assistance programs at IIM Bangalore.

IIM Lucknow MBA Scholarship

All the students who are currently studying at IIM Lucknow are eligible to apply for the IIM Lucknow MBA scholarship. This scholarship will help all the students who are currently pursuing their degrees at IIM Lucknow. The last day to apply for the scholarship is 30 June 2024. All the students whose family income is less than INR 4 lakh per year are eligible to apply for the IIM Lucknow MBA scholarship. This scholarship will help economically unstable students to pursue higher education. The applicants will be shortlisted based on merit.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• The annual income of the applicant’s family must be less than INR 4 Lakh per year
• The applicants will be shortlisted based on merit.

IMT EWS Scholarships

To help all the economically backward students who are studying in IMT universities are eligible to apply for IMT EWS scholarships. This scholarship will help financially unstable students to continue their education without worrying about financial problems. All the applicants who are enrolled in any AICTE-approved two-year PGDM program are eligible to apply for this scholarship. 10 eligible candidates from IMT Ghaziabad, 5 students from IMT Nagpur, and 5 from IMT Hyderabad Can apply for IMT EWS scholarships. The last date to apply for the IMT EWS scholarships is March 31, 2024.

Eligibility Criteria

• The applicant must be a permanent citizen of India.
• Only students who belong to Economically Weaker Sections (EWS),
• Students who are enrolled in any AICTE-approved two-year PGDM program.
• 10 eligible candidates from IMT Ghaziabad, 5 students from IMT Nagpur, and 5 from IMT Hyderabad.

Required Documents Of MBA Scholarships in India

• Recent passport-size photograph.
• Aadhar card (front and back view)
• The first page of the bank passbook scan.
• Permanent Residential Certificate of India.
• 10th, 12th, and Graduation Class Pass Memos.
• Caste certificate duly signed by an authorized Revenue Officer.

MBA Scholarships in India Apply Online

• To apply for MBA Scholarships in India the applicant must go to the official website.
• On the homepage click on the option Apply Now.
• A new page will appear on your screen.
• Fill out all the details that are asked and attach all the necessary documents.
• Click on the option submit to complete your process.

MBA Scholarships in India FAQs