Scholarships and Financial Aid at IIM Amritsar

Institute and Corporate Sponsored Scholarships

For the MBA, MBA-BA and MBA-HR programmes, scholarships are awarded on scholastic achievement. The student with the highest CGPA in each programme at the end of the first and second year receives an award, and the top four students in each year from a combined CGPA list of the three programmes are also rewarded. Several corporations sponsor awards for academic excellence and all-round achievement. The amount is equal to the full tuition fee for the year in which the scholarship is awarded.

Need-Based Scholarship

The institute keeps a buffer equal to the tuition fee for need-based support. The amount is disbursed case by case after evaluating student applications, and the institute also guides students on external need-based scholarships.

IPM Scholarships

• Undergraduate phase: a merit award equal to the year's tuition fee for the student with the highest CGPA in each of the three UG years, subject to a CGPA of at least 3.0, no grade drop and no disciplinary issues.
• Undergraduate phase: merit-cum-means assistance of INR 2,00,000 per student for families with income below INR 8,00,000 a year, limited to the top three students by CGPA among applicants.
• Postgraduate phase: eight awards a year, including the toppers of the MBA, MBA-BA, MBA-HR and IPM at the end of each of the first and second year plus four from a combined list.

Government Scholarships and Education Loans

Students can apply for Ministry scholarships through the National Scholarship Portal and for education loans from banks, including through the PM Vidyalaxmi scheme. The institute directs students to banks for eligibility and interest rates, and the refundable caution and mess deposits should be factored into the cash plan for the first term. Doctoral scholars, meanwhile, receive a monthly fellowship instead of paying tuition.

Candidates should plan the full cost of the programme before accepting an offer. Besides the programme fee, the refundable caution deposit of INR 50,000 and the refundable mess deposit of INR 75,000 per year need to be arranged, and the admission acceptance fee of INR 1,00,000 is adjusted against the Term-I fee. Fees are payable term-wise across six terms, which spreads the outflow over the two years. Merit scholarships are awarded only after performance is assessed at the end of each year, so students should treat them as a reward for results and not as a guaranteed offset against the fee.

Plan your costs: IIM Amritsar scholarships | fee structure | admission