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Scholarship schemes

  The second of the two major avenues of financing your MBA programme is to apply for scholarships. There are several scholarship schemes available for needy meritorious students and for minority categories. Some of the major scholarship schemes are listed here.  

Aditya Birla Group Scholarship
Covers part of the academic fees, hostel fees for the duration of course, commencing with the academic session of the first year.
Eligibility – Top 20 students (in terms of entrance exam ranking) can apply. Applicant must have featured in the top 25% of the batch population. Also, at least 60% of the assignments must have a rating of 7 on a 9 point scale. Assessment is also done based on participation in a minimum of two forums of campus as well as the assessment of learning. Applicants must also submit a 250-word write-up on “Being an Aditya Birla Scholar - experience sharing”.
Institutions – IIM (A, B, C, L, I, K and S), XLRI
Amount – `1.75 lakh per annum.
Number of scholarships – 16
Dates – There is no last date for application as these are given as long as the funds last. Students have to contact their institution to apply for this scholarship. Forms are available only through the institution.

Narotam Sekhsaria Foundation Loan Scholarship
The foundation awards interest free loan scholarships to Indian students with a consistently good academic record for postgraduate studies at prestigious institutions in India and abroad. The scholarship is awarded after a screening process and personal interview.
Eligibility – Indian nationals below 30 years of age
Amount – up to `20 lakh
Repayment will commence one year after course completion as per the following schedule:
1st year after course completion: Nil
2nd year after course completion: 30% of the scholarship amount
3rd year after course completion: 35% of the scholarship amount
4th year after course completion: 35% of the scholarship amount
Date – January

Guru Harkrishan Educational Society Scholarship
GHES primarily focuses on giving financial assistance in the form of scholarships to the needy students especially in the field of vocational/professional education.

  • The student should have passed the previous qualifying exam with 60%.
  • The total income of the student’s family should not exceed `10,000 per month, excluding house rent and medical allowance in case of employees.
  • The applicant should not be in receipt of scholarship from any other source.

Amount – The amount of scholarship is based on the tuition fee. Normally, it amounts to tuition fee plus a minimum of 25% of the fee, subject to a maximum of `600 per month.
Dates – Mid-September

IndianOil Academic Scholarship
The company awards educational scholarships to meritorious students across the country with special focus on girls and physically challenged. The students are selected based on their marks in the qualifying examination.

  • Students of two-year full-time postgraduate management courses recognised by Central/state governments/Association of Indian universities and which are equivalent to MBA.
  • Family should not exceed `1 lakh.
  • Candidate cannot be over 30 years of age.
  • Minimum eligibility marks – 65% (General), 60% (SC/ST/OBC/Girls), 50% (PC)
  • Gross joint family income from all sources should not exceed `1 lakh
Amount – `3,000 per month.
Number of scholarships – 100
Dates – October.

OP Jindal Management Scholarship
These scholarships are awarded by OP Jindal Group. The selection is based on the academic performance, an online leadership test and a personal interview.
Eligibility – Top 10 students of 2nd year (based on their academic performance).
Amount – `1.5 lakh.
Institutes – FMS, IIM-A, B, C, I, K, L, Ranchi, Raipur and Rohtak, Jindal Global Business School, MDI, SPJIMR, XLRI, JBIMS, IIFT.
Date – September

ONGC SC/ST Merit cum Means Scholarships: Instituted by ONGC, scholarships are awarded to the selected candidates yearly to the eligible students.

  • The students must be in their first year of master’s degree, not older than 30 years on October 1st of the academic session of the year of the announcement of the scholarship
  • The students must have obtained 60% in graduation or 6.0 on a 10 point grade scale.
  • Gross annual income of family should not be more than `4.5 lakh p.a. (`37,500 per month).
Amount – `4,000 per month.
Number of scholarships – 100
Date – August to November

NDPL scholarship
The focus of North Delhi Power of the Tata Group is to reduce the school dropout rate and encourage students hailing from the SC/ST communities to study further. NDPL aims to create an annual pool of 150 students studying in 26 government schools at pre-board levels.
Eligibility – The students’ eligibility is based on a means and needs basis.
Amount – `7 lakh per annum.
Number of scholarships: 10

India Talent Scholarship
This is sponsored by Societe Generale under its Global Solution Centre Talent Scholarship Programme. It promotes professional education for needy individuals selected for a full-time course in an accredited university and who do not have the financial means to enroll.
Eligibility – Merit-cum-means, interview process
Amount – Entire course fees, plus mentoring by a member of the SG GSC team.
Number of scholarships – 10
Dates – Students have to apply after admission into first year.

Sanjeevani Scholarship
This is a scholarship programme given out by NGO Sanjeevani.
Eligibility – CAT/MAT/MET score + graduation percentage.
Amount – `36,000 per annum.
Number of scholarships – 10
Dates – Mid-August

T Thomas Scholarship
This scholarship is sponsored by Hindustan Unilever Limited as part of the company’s corporate social responsibility.
Eligibility – Merit-cum-means as decided by HUL.
Amount – `1 lakh.
Institutes – IIM-B, IFMR Chennai

Bharti Scholarship and Mentorship Programme
For academically bright youth from financially weak families.
Eligibility – Merit-cum-means.
Amount – `50,000 per annum.
Number of scholarships – Currently the programme supports 232 scholars across the country.
Date – November

Scholarships for SC/ST students
Government of India-sponsored financial assistance.

  • All Indian SC/ST nationals whose family income is not more than `2 lakh per annum.
  • The applicant cannot hold any other scholarship or stipend.
Amount – `1,200 per month for hostellers, `550 per month for day scholars.
Dates – To apply via institute immediately after admission.

His Holiness The Pope Scholarship
For students with good conduct and satisfactory progress in studies.
Amount – `2,130 per annum for two years.