15 Best MBA Scholarships In India for MBA Students

15 Best MBA Scholarships In India for MBA Students

Masters of Business Administration in India is a popular course that lets students flourish and move ahead to the door of a successful career. Once you get a job, it becomes easy for a candidate to enjoy a good job with a handsome salary. However, not everyone can afford to pursue MBA in a premium college or university. That’s when an MBA scholarship comes in handy. You can come across plenty of MBA scholarships in India from different universities. Keep reading this article as we give you insight about the popular scholarships and their essential details.

Below are the list of MBA Scholarships for Indian Students:

1) Aditya Birla Scholarship
2) PNB Housing Finance Protsahan Scholarship
3) YES Bank scholarship
4) Citi Women’s Leader Award
5) IDFC first bank MBA scholarship
6) Amity Business School scholarship
7) BML Munjal University MBA scholarship
8) P. Jindal Engineering and Management Scholarship
9) Sonu Sood Scholarship
10) IFMR Graduate School of Business Scholarship
11) Jambore India – Talent Promotion Award
12) IIM Indore MBA scholarship
13) IIM Shillong MBA scholarship
14) Nirankari Rajmata scholarship
15) Sahu Jain Trust Scholarship

1) Aditya Birla Scholarship

It is a popular scholarship program from the well-known Aditya Birla scholarship that covers some part of the tuition fee of the programs by XLRIs and IIMs. It can be attained by a candidate with humane leadership values and excellent performance in academics.

Eligibility Criteria: Students from IIM Bangalore, Ahmedabad, Shillong, Kozhikode, Lucknow, Calcutta, Indore, and XLRI Jamshedpur can apply for the scholarship.

How to Apply: Download and fill the form and submit it to the Dean of the respective institution.

Selection Criteria: Based on the academics, achievements, and other extracurricular activities, and other screening methods, they will select around 16 students to avail the scholarship.

Timeline and Rewards: Candidates need to apply by July and selected ones can get around 1.75 lakh rupees per annum as the scholarship.

Website to refer : http://www.adityabirlascholars.net/

2) PNB Housing Finance Protsahan Scholarship

It is one of the prestigious MBA scholarships from the PNB housing finance limited and supports students who want to pursue MBA or PGDM course. The aim of the scholarship is to encourage the students, especially from the underprivileged background, to be self-reliant and capable leaders.

Eligibility Criteria: Students with 65% marks from Indira Institute of Management, IMT Nagpur, and BIMTECH Noida with their family income of less than 8pa can apply.

How to Apply: It is easy to apply at the Buddy4study online portal.

Selection Criteria: The first screening involves screening the academics, then a telephonic interview, and lastly a face-to-face interview is done.

Timeline and Rewards: The tentative timeline to apply is from December to February, and the scholarship amount is two lakh rupees.
Website to refer : http://www.adityabirlascholars.net/

3) YES Bank scholarship

The YES Bank provides a scholarship to encourage the future leaders in the business spectrum. The scholarship program is provided to empower the candidates towards technology and digital business and make them ready for the digital world.

Eligibility Criteria: Students from IIM Bangalore, Ahmedabad, Shillong, Kozhikode, Lucknow, Calcutta, Indore, and XLRI Jamshedpur can apply for the scholarship.

How to Apply: You can visit the website www.yesfutureready.in and register directly.

Selection Criteria
: There are three rounds, first is the application, second is the aptitude and competency assessment, and finally the intensive interview

Timeline and Rewards: The timeline to apply for the scholarship is between 4 and 22 February. And the scholarship amount is two lakhs.

4) Citi Women’s Leader Award

The merit MBA scholarship is meant for the girls. The scholarship program is designed to promote diversity and encourage girls to study and make a name in the business management sector. It is a unique scholarship designed for the females who want to move ahead in their careers and gain reputation.

Eligibility Criteria: A handful of students are selected based on their academics and other achievements.

How to Apply: You can check out the website of the Citi group and find the form to fill.

Selection Criteria: The candidates are selected based on the Statement of Purpose and then there are a few interviews taken.

Timeline and Rewards: It covers the expenses of the second year of the MBA program.

5) IDFC first bank MBA scholarship

The scholarship is an initiative of IDFC first bank and covers the fees of the first year of the MBA program. Another term of this scholarship is need-based program that has been designed to help the students who want to pursue higher education but are unable to due to their income.

Eligibility Criteria: It is available for the students who have Indian nationalization and have a gross annual family income of less than 6 lakh per annum.

How to Apply: Candidates can visit the site Buddy4study portal, find all the relevant information, and register for the scholarship.

Selection Criteria
: Candidates should be Indians and their annual income should be less than 6 lakhs.

Timeline and Rewards: June to August is the tentative time when the students can apply. Selected students can get 1 lakh per year.

Website to refer : https://www.idfcfirstbank.com/csr-new/mba-scholarship.html

6) Amity Business School scholarship

The aim of the scholarship is to finance for the intellectual empowerment. It is given for the students who have an excellent academics background and have the zeal to become a business leader and be successful in such a way that they contribute to the nation.

Eligibility Criteria: It is eligible for students who have completed 12th with good marks. Some of them can get 100% scholarship, while some may get 50%.

How to Apply: The students can check out https://www.amity.edu/abs/Scholarship.asp and apply directly.

Selection Criteria: Students are selected based on their academic background and their performance in the interviews.

Timeline and Rewards: October is the tentative time when the students can apply for the scholarship.

7) BML Munjal University MBA scholarship

The MBA scholarship is an initiative from the Hero Group. It is offered to the students who are good in academics and show skills that can give them a path to a successful career. The university is also known to give out different scholarships and keep encouraging students.

Eligibility Criteria: It is eligible for students who have completed 12th with good marks. Some of them can get 100% scholarship, while some may get 50%.

How to Apply: Candidates who have applied or the MBA program can directly go to the university site and register.

Selection Criteria: Students are selected based on their academic background and their CAT/GMAT/XAT scores.

Timeline and Rewards: April to July is the right time when the students can apply and avail 100% tuition fees.

Website to refer : https://www.bmu.edu.in/courses/mba/scholarship-details/

8) P. Jindal Engineering and Management Scholarship

There are 10 MBA colleges participating under the scholarship to offer financial help to the candidates who need support to pursue MBA program. The program was started in the year 2007, and since then has helped a lot of deserving candidates.

Eligibility Criteria: The toppers in the first and second year of the college can avail the scholarship.

How to Apply: You can go to the official website of the university and apply directly.

Selection Criteria: Top students are selected and they have to go through the interview screening.

Timeline and Rewards: August is the time of the year to apply, and you can get 1.5 lakh scholarship.

Website to refer : https://www.opjems.com/eligibilityCriterion.html

9) Sonu Sood Scholarship

Professor Saroj Sood has taken an initiative to help children pursue MBA. And then Sonu Sood has come up with the scholarship to give a financial aid to the students.

Eligibility Criteria: Students from different steams including airlines, tourism, agriculture, computer application, and more can apply.

How to Apply: You can email to scholarships@sonusoon.me and get help.

Selection Criteria: Students may have to show their academic background and get through the interview.

Timeline and Rewards: September and October is the time of the year to apply, and you can get the scholarship amount based on the course you choose.

10) IFMR Graduate School of Business Scholarship

It is initiated to offer financial aid to the students who have a good academic background but are unable to pay their fees. It encourages students to pursue higher education.

Eligibility Criteria: The annual income of the family should be less than 11 lakhs and the student should have 3.0 as CGPA.

How to Apply: You need to submit the applications to the PGP office along with your documentations.

Selection Criteria: Only 10% of the students based on their background, academics, and interviews are selected.

Timeline and Rewards: A student selected can get an aid of 2.5 lakhs per year.

11) Jambore India – Talent Promotion Award

The scholarship offers financial aid for students who wish to study MBA either in India or abroad. You can find different scholarship programs including merit-based scholarship, need-based, and special interest scholarship.

Eligibility Criteria: Indian students with excellent academics can apply for the scholarship.

How to Apply: You need to fill the form available at the official website of Jambore India and submit it.

Selection Criteria: Students will be selected based on their background in education and the interview procedures.

Timeline and Rewards: The timeline and scholarship aid depends on the institute where you have applied and got the seat.

Website to refer : https://www.jamboreeindia.com/

12) IIM Indore MBA scholarship

It is a need-based scholarship that offers financial assistance to the students who want to pursue their education but are short of funds. The students can get an aid for post-graduate programmer in management.

Eligibility Criteria: Indian students with excellent academics and with family income less than 9 lakhs are eligible for the scholarship.

How to Apply: Go to the official website of IIM Indore and fill the form on it.

Selection Criteria: The academic background and the interview process will decide which students is the best suited for the scholarship.

Timeline and Rewards: 75% of the tuition fee of the MBA program will be covered by the IIM Indore scholarship.

Website to refer : https://insideiim.com/scholarships-at-iim-indore

13) IIM Shillong MBA scholarship

It is the need-based scholarship provided for the candidates who are unable to pay their fees but have the interest and willingness to complete their higher education. The scholarship is also available to the SC and ST candidates and the ones with disabilities.

Eligibility Criteria: Scholarship is given on the basis of annual income of the family, academics, creditworthiness, and the overall suitability of the candidate.

How to Apply: Go to the official website of IIM Shillong and fill the form on it.

Selection Criteria: The student will be selected based on their academics, curricular activities, and their interview performance.

Timeline and Rewards: You can get around 3 to 4 lakhs and have to check the official website for the timeline.

14) Nirankari Rajmata scholarship

It is a need and merit basis scholarship initiated by the Sant Nirankari Charitable Foundation. It is given to the students who come from weak financial families and are unable to pay their fees. The scholarship is given at both graduation and post graduation levels.

Eligibility Criteria: The family income should be less than 3.5 lakhs and the applicant should be a student of recognized college. The student should also not be under any other quota.

How to Apply: The form has to be filled and sent by speed post along with other documents.

Selection Criteria: The candidate is selected based on the academics, background, and achievements.

Timeline and Rewards: December is the time to send the applications. The amount is based on certain factors, yet 50,000 rupees is granted to the students under the scheme.

Website to refer : https://nirankarifoundation.org/nirankari-rajmata-scholarship-scheme-2020-21/

15) Sahu Jain Trust Scholarship

It is a merit cum means scholarship that offers financial aid to the deserving students from the underprivileged families. The scholarship is given by the Times of India newspaper. It is given for all the business schools.

Eligibility Criteria: Students should have completed their graduation with at the least 60% marks.

How to Apply: The candidate can go to the official website of the trust, fill the form and submit it along with the respective documents.

Selection Criteria: The candidate will be selected based on the economic condition of the family and the academic background.

Timeline and Rewards: The applications should be sent by October and the amount will be decided between 2500 and 25,000 every year.

Website to refer : http://www.sahujaintrust.timesofindia.com/

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