Dream Big, Pay Less: Exciting MBA Scholarships in India 2025

MBA Scholarships 2025 – An MBA or Master of Business Administration is a programme that is equally desired by not only fresh graduates but professionals too. On the one hand, while it offers a professional launch pad to the fresh graduates, it’s close to imperative for the professionals to climb up the corporate ladder faster. Though people from diverse backgrounds seek to pursue an MBA, it doesn’t become a reality for many, as the degree requires the students to dig deep into their pockets. Given that an MBA is a costly affair, the various scholarships offered by the B-schools, corporations or the government come to their rescue. En route to an MBA admission, appear myriad questions to the seekers’ minds, including – What kind of scholarships are available? Which would be the best fitting MBA scholarship in 2025 for me? Where to find top MBA scholarships in 2025? How do you apply for MBA scholarships in 2025? To address every such query regarding the top and best MBA scholarships, we have compiled a list of MBA scholarships in 2025 for your reference. The article takes you through the MBA scholarships in 2023-2025 in India. It doesn’t cater to the MBA scholarships 2025 offered by any other country apart from India.

Types of MBA Scholarships in India in 2025 

1. Institute-Based MBA Scholarships – These types of scholarships are offered by B-schools and the likes of IIMs, XLRI, MDI, SPJIMR, TAPMI, et al.
2. Government Sponsored Scholarships – The kind of scholarships that are offered by institutes like the IIMs, the IITs, and other government-funded institutes.
3. Corporate Sponsored Scholarships – These include scholarships like the OP Jindal Scholarship, Aditya Birla Scholarship for MBA, etc.
4. Bank-Sponsored MBA Scholarships – The likes of scholarships offered by PNB Housing Finance and IDFC. 

Top MBA Scholarships in 2025 – What does this article cater to? 

Through this article, aspiring MBAs will get access to the names of the top MBA scholarships in 2025, eligibility criteria, scholarship amount and the offering organisation. As we take you through the MBA scholarships in 2025, let’s begin with the IIMs first. 

MBA Scholarships at IIM Ahmedabad 

When we discuss the IIMs, IIM-A always stays at the helm. The scholarships offered by IIM Ahmedabad include IIMA Special Need-Based Scholarships, SC/ST Scholarships, IIMA Exit Scholarships, Scholarships offered by the Government of India, Scholarships offered by Alumni, Shri GC Mital Entrepreneurship Aid, Aditya Birla Group Scholarships, Dunia Scholarships for scholastic excellence, OP Jindal Engineering and Management Scholarship,  T. Thomas Scholarship, etc. Let’s know all the details about MBA Scholarships at IIM Ahmedabad. 

IIM Ahmedabad MBA Scholarships

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
IIMA Special Need-Based Scholarships	All students admitted to PGP & PGP-FABM whose gross annual family income is below Rs.15,00,000 during the previous financial year	NA	IIM-A
SC/ST Scholarships	SC/ST students	Rs. 150 per month for 10 months	IIM-A
SC/ST Scholarships {Central Sector Scheme for Top Class Education (merit-cum means)}	Meritorious SC/ST students whose family income does not exceed Rs. 4,50,000 per annum	NA	Government of India
Minority Welfare Scholarship (Merit-cum-Means)	Students from minority communities whose family income does not exceed Rs.2.50 lakhs per annum	NA	Government of India
Scholarships for Students with Disabilities {Central Sector Scheme for Top Class Education (Merit-cum-Means)}	Meritorious DA/PWD students whose family income does not exceed Rs.6,00,000 per annum.	NA	Government of India
PGP Alumni Endowment Funds	9 PGP 1 & PGP/FABM II students from economically and socially challenged backgrounds, based on their financial status.	Rs. 200,000 – 300,000	IIM-A Alumni
Class of PGP 2001, Peri Viswanath Scholarship	One student in the PGP/PGP-FABM	Rs.200,000 per year, and the scholar will get Rs.400,000 over 2 years.	IIM-A Alumni
Shri GC Mital Entrepreneurship Aid	One graduating student of PGP/PGP-FABM who intends to start own venture, opting out of the IIMA placement process with an educational loan of a minimum of Rs.100,000 and those with a combined family income below Rs.800,000 per annum.	Rs.200,000 (Every year)	IIM-A Alumni
Smt. J Nagamma Memorial Award	Awarded to one PGP first-year student at the end of the first year as a merit scholarship based on academic performance	Rs.15,000	IIM-A Alumni
Aditya Birla Group Scholarships	Three meritorious PGP I and PGP II students	Rs.175,000 per student per year	Aditya Birla Group
Dunia Scholarships for scholastic excellence	Merit scholarship (2), each to PGP-Is and PGP-IIs.	Rs.100,000	Dunia Finance LLC, Dubai, UAE
OP Jindal Engineering and Management Scholarship	One/two second-year PGP students on the basis of academic performance, an online test and a personal interview	Rs.150,000 per student per year	OP Jindal Group
T. Thomas Scholarship	A second-year student based on merit-cum-means criteria.	Rs.100,000 per year	Hindustan Unilever Ltd.

MBA Scholarships in 2023-2025 – IIM Bangalore Scholarships

Like IIM Ahmedabad, IIM Bangalore also offers financial assistance to students so that the deserving ones are not deprived of the opportunity to pursue PGP programmes. All PGP students at the institute whose family annual income is below Rs. 8,00,000 are eligible to apply for financial aid. Check here for the details of all MBA scholarships offered at IIM Bangalore. MBA Scholarships 2025 at IIM Bangalore

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Aditya Birla Scholarship	PGP students of both the first and the second years, provided they belong to the top 25% of the batch in the first year.	1.75 lakh per student	Aditya Birla Group
OPJEMS Scholarship	PGP students of the second year (The first 10 toppers of 2nd year based on academic performance in 1st year) are eligible. However, they have to take an online test conducted by OP Jindal Group. 1 student of each academic year will get the scholarship.	Rs. 1.50 lakh	OP Jindal Group
Citi Women’s Leader Award	Top 25% of the batch, shortlisted at the end of the first year. Selection is on the basis of the Statement of Purpose and subsequent interviews.	Covers the second year’s tuition expenses	Citi Group
Societe Generale Global Solution Centre India Scholarship	Selection is from the neediest applicants in the first year and on the basis of subsequent interviews.	Covers tuition expenses in full	Societe Generale
Siddhartha Padam Award	PGP student who is on the Director’s Merit List and gets the highest CGPA in the Economics, Finance, & Accounting core courses in the 1st year.	Rs. 50,000, a medallion and a certificate	NA
IIMB PGP Alumni First Batch (1976) Scholarship	Differently-abled female student (or a differently-abled male student, in case there is no eligible female student).	Rs. 75000, a medallion and a certificate	IIM-B PGP Alumni
Runwal Education Trust Scholarship	A PGP student (On the basis of the combination of academic performance and the student’s financial need in 1st year).	Rs. 100000, a medallion and a certificate	Runwal Education Trust
Hindustan Unilever / T Thomas Scholarship	One PGP second-year student	Rs 1 lakh	Hindustan Unilever
Yes Bank Scholarship	Students should be among the top 20 students as per the admission criteria, should belong to the top 20% of the batch on the basis of the current CGPA and should be members of at least one student committee.	Rs. 2 lakhs	Yes Bank
NTPC Scholarship Scheme	Students who belong to SC/ST/PwD should be in their second year of management studies passed the 1st year in one attempt.	Rs. 48,000 per year	NTPC
Employment in Social Sector Scholarship	NA	One-third of the fees is reimbursed at the end of each year of work for the first three years in the social sector.	NA
Ministry of Tribal Affairs Scholarship (ST)	PGP first year	Covers tuition expenses in full	Ministry of Tribal Affairs
Ministry of Social Justice and Empowerment Scholarship (SC)	Meritorious SC students PGP first-year	Covers tuition expenses in full	Ministry of Social Justice and Empowerment
Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)	A person with at least 40% disability with a disability certificate by any competent medical authority.	Rs. 2,55,000 per year	Ministry of Social Justice and Empowerment

IIM Calcutta MBA Scholarships

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Bharati Scholarship	1st term result and entry point merit list	Rs 50,000	NA
Nestle Scholarship For Young Business Managers	Based on managerial values, co-curricular activities, extra-curricular activities & academic consistency	Rs 100,000	Nestle
Aditya Birla Scholarship	Based on academic excellence and leadership qualities throughout the tenure 1st year results and overall performance.	NA	Aditya Birla Group
Institute MCM Scholarship	Academic excellence and parental income	Rs 2000 per student, per month	NA
GE Scholarship	1st year result and CAT performance	Rs 2,80,000 per candidate	GE

  Other Scholarships at IIM Calcutta

Scholarship Name (First Year)

BP Poddar Scholarship

TT Krishnamachari Award

India Carbon Scholarship

BPL Prize

Damodar Valley Corporation Award For Creditable Performance

Aditya Kashyap Memorial Scholarship (for 1st rank holder)

Central Bank of India Prize For Best Performance In Finance Course

PR Karthik Scholarship

Scholarship Name (Second Year)

Chairman’s Prize

Dr BC Roy Memorial Gold & Silver Medals

John Wynne Prize

IIM Calcutta Sponsored Scholarships

ABC India Award

BS Dua Memorial Prize for 2nd Rank holder

Calcutta Port Trust India Award

Balmer Lawrie Award

Magunta Subbarama Reddy Award

TIL Scholarship

IIMC Alumni Association, Calcutta Chapter Prize

IIMC Alumni Association, Calcutta Chapter Award for Outstanding Academic Performance in PGDM

Late Sumantra Ghoshal Award for Academic Excellence for receiving the highest CGPA at the end of PGDM

Aditya Kashyap Memorial Scholarship for highest CGPA in Compulsory & Elective Courses

100% Grant to training institutions for skill training to handicapped persons with a stipend of Rs 2000 per person per month

 

Top MBA Scholarships in 2025

Besides the prestigious IIMs, some top private business schools and the likes of BML Munjal University also offer a wide range of MBA scholarships. We have listed here the top MBA scholarships offered by BML Munjal University, along with the eligibility and scholarship amount.

MBA Scholarships 2025 by BML Munjal University

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Merit Scholarships	75 percentile and above in the CAT/XAT/GMAT/GRE or around 206 and above in the NMAT	50%/ 25% and 10% based on the academic merit announced by the Committee	BML Munjal University
Dean’s Scholarship	90 percentile and above in CAT/XAT/GMAT/GRE or  251 and above in NMAT	100% of the Tuition Fee in the first year (Maximum 2 students) 75% of the Tuition Fee in the first year (Maximum 2 students)	BML Munjal University
Haryana Domicile Scholarship	25% of students who are admitted under the Haryana Domicile category	Full or partial fee concession	NA
Defence Ward Scholarship	Students from families of defence personnel.	10% Tuition Fee Waiver for the entire duration of the programme of study	NA
Sports Scholarship	Eligible students who are outstanding sports professionals	25% to 100% on Tuition Fee depending upon State level, National level or International level participation.	NA

  Other Scholarships Offered by BML Munjal University

Ishan Uday Scholarship offered by University Grant Commission (UGC) for North Eastern Region.

Scholarship by the Ministry of Human Resource Development (MHRD).

Hero Group Employees Ward’s Scholarship for the wards of serving employees of the Hero Group companies.

Sports Scholarship in recognition of talented young sportspersons for meritorious applicants.

The Early Cycle Scholarship is for new applicants applying for postgraduate courses in the early cycle of admission.

All Central & State Government Scheme/Scholarships.

Defence Ward’s Scholarship for the wards of serving and retired armed forces officers and other ranks

 

MBA Scholarships in 2023-2025 – IIM Lucknow

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Need-Based IIML Scholarships	15% students from a batch based on their family income (less than INR 4,00,000 LPA) and previous academic performance.	The tuition fee if the academic year in which the scholarship is awarded	IIM-L
Industry Sponsored Scholarships	Students shortlisted from each year on the basis of their academic performance	From Rs.6,000 to Rs.100,000 p.a.	NA
Merit-cum-Means Scholarships	25% of the students subject to specified norms	Rs.2200 per student p.a.	NA
Bharti Scholarship	Students with annual income less than Rs1.08 lacs from both 1st and 2nd year	Rs.50,000 p.a.	NA
SC/ST Scholarships	All SC/ST students	Rs.1500 p.a.	NA
Other Scholarships	Students shortlisted based on family income. Their fees and maintenance charges are taken care of by the government of the domiciled state.	NA	NA

 

IIM Indore MBA Scholarship

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Need-Based Financial Assistance	All students of PGP, PGP HRM (PGPH) and IPM with annual family income below INR 4,50,000	Determined from case to case (Not fixed)	IIM Indore

 

MBA scholarships at IIM Shillong in 2025

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Need-Based Financial Assistance	Economically weak MBA students based on annual gross family income, participants’ liquidity, creditworthiness and overall suitability.	Determined from case to case (Not fixed)	IIM Shillong
SC/ST Scholarships	All SC/ST students pursuing PG programmes.	NA	Govt. of India
Merit Cum Means Scholarship	First and second-year students of PG programmes	As per norms and conditions of GOI	Govt. of India

IIM Tiruchirapalli MBA Scholarships

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Merit cum Means Scholarships	Students belonging to minority communities	NA	IIM Trichy
SC and ST Scholarships	SC/ST students	NA	Govt. of India
Central Sector Scheme of Scholarship for Top Class Education	PwD students	NA	Govt. of India
National Handicapped Finance and Development Corporation Scholarship Scheme	PwD/Handicapped students	NA	Govt. of India

MBA Scholarships 2025 – IIM Kashipur

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Need Cum Merit-Based Financial Assistance	23 students each from the first and second year whose total annual family income does not exceed Rs. 3,00,000.	Full Tuition Fees Waiver	IIM Kashipur
Central Sector Scholarship Scheme of Top-Class Education	Scheduled Castes Students	NA	Ministry of Social Justice and Empowerment
Central Sector Scholarship Scheme of Top-Class Education	Scheduled Tribes Students	NA	Ministry of Tribal Affairs
Merit-cum means based scholarship scheme belonging to the minority communities	Minority community students	20,000	Ministry of Minority Affairs

 

MBA Scholarships in 2023-2025 at IIM Sambalpur & IIM Bodhgaya

IIM Sambalpur offers Need-Based Financial Assistance (NBFA) to economically backward students. This assistance is given to the students in terms of tuition fee waiver, based on their family income.

• Family Income up to 1.50 lakh – 100% tuition fee waiver
• Family Income between 1.50-3 lakh – 75% tuition fee waiver
• Family Income between 3-4.50 lakh – 50% tuition fee waiver

IIM Amritsar MBA Scholarship

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
MBA Scholarship by IIM Amritsar	First-year students of MBA based on prior academic records, performance in the MBA admission process, and diversity.	NA	IIM Amritsar
MBA Scholarship by IIM Amritsar	Second-year students based on academic performance and conduct during the first year of MBA with Cumulative Grade Point Average (CGPA) not less than 2.96.	NA	IIM Amritsar

 

Best MBA Scholarships – IIM Visakhapatnam

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
Need-Based Financial Assistance	Students with a family annual income below Rs 5,00,000 and to those with severe financial difficulties arising from sudden unforeseen circumstances.	NA	IIM Visakhapatnam
Top Class Education Scheme for SC Students	Meritorious Scheduled Caste students from (i.e. of PGP first year).	Tuition fees in full	Ministry of Social Justice and Empowerment
National Fellowship and Scholarship for Higher Education of ST Students	First-year PGP (ST) students	Tuition fees in full	Ministry of Tribal Affairs
PG Scholarship Scheme for SC/ST Students by UGC	1000 SC/ST candidates to pursue postgraduate level	NA	UGC

 

Top MBA Scholarships in 2025 – IIM Nagpur

Scholarship Name	Eligibility Criteria	Scholarship Amount	Offered By
IIM Nagpur Need Cum Merit Scholarship	Candidates with a family income of less than Rs 5 lakh	NA	IIM Visakhapatnam
IIM Nagpur Merit Scholarship	Candidates securing 95%ile or above in CAT	Tuition fees in full	Ministry of Social Justice and Empowerment

  Other Scholarships at IIM Nagpur

Scholarships for Top-Class Education for students with disabilities

Top Class Education Scheme for SC Students

National Fellowship and Scholarship for Higher Education of ST Students

Chief Minister Fellowship Yojana (CMFY) – Jharkhand

Rajarshi Shahu Maharaj Merit Scholarship to SC students – Maharashtra

IIM Udaipur MBA Scholarships 2025

Central Sector Scholarship Scheme of Top Class Education for Scheduled Castes Students

National Fellowship and Scholarship for Higher Education of ST Students

Merit-cum means-based scholarship scheme belonging to the minority communities

Scheme of Scholarship for Top Class Education for Students with Disabilities

Mukhya Mantri Sarvajan Uchcha Shiksha Scheme

 

Frequently Asked Questions – MBA Scholarships 2025

Q: What are the types of MBA scholarships that are generally available across all B-schools? Ans: The most popular MBA scholarships include the institute-sponsored govt. sponsored, alumni sponsored, fee waivers, corporate and bank sponsored. Q: Is there any merit-based scholarship offered at BML Munjal University? If yes, what would be the scholarship amount? Ans: Yes, BML Munjal University offers merit-based scholarships to eligible candidates. The scholarship amount ranges between 10 to 50% tuition fee based on the merit list announced by the varsity committee. Q: What are the eligibility criteria for the Dean’s Scholarship at BML Munjal University? Ans: The eligibility criteria for the Dean’s Scholarship at BML Munjal University is 90 percentile and above in CAT/XAT or 250 and above in NMAT. Q: Are all kinds of scholarships the same? Ans: No, all scholarships are different in nature, and even the eligibility criteria are different. Q: I want to know the MBA scholarship amount for the Aditya Birla Scholarship offered at IIM Bangalore. Ans: Eligible candidates will get Rs 1.75 lakh. Q: Is there any scholarship at BML University for Haryana Domicile students? Ans: Yes, there is. Haryana Domicile students will get full or partial fee concessions under this category of scholarship.