#7 Outlook📍 Ranchi, Jharkhand

Indian Institute of Management Ranchi Scholarship 2026 Financial Aid, Merit & Category Scholarships

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Avg Package

19.29 LPA

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Highest Pkg

50.39 LPA

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Institute Type

Public

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Total Courses

6 Courses

The two-year MBA at IIM Ranchi costs Rs. 19.20 lakh in programme fees, which include hostel charges, and about Rs. 20.90 lakh once mess charges are added. Because of this cost the institute and the Government of India offer several forms of support, and admitted students should apply as early as possible because each scheme has its own documents and deadlines.

Scholarships & Financial Aid

Information regarding scholarships and financial aid opportunities provided by the institute.

Available Scholarships

Scholarship Name	Eligibility Criteria	Award Amount
State government post-matric and merit scholarships	Domicile-based schemes such as Jharkhand E-Kalyan, Bihar Post-Matric, West Bengal Swami Vivekananda Merit-cum-Means and others, subject to income limits	Varies by state scheme
IIM Ranchi Merit-cum-Means Scholarship	25 scholarships across MBA, MBA-HR, MBA-BA and IPM for meritorious students facing financial constraints, with extra weightage for divyang, SC and ST students	Worth Rs. 1 crore every year in total
IIM Ranchi Merit Scholarship	Admitted students with high CAT performance, as per the institute's scholarship notification	As per institute notification
PM-Vidyalaxmi education loan	All admitted students who wish to take an education loan	Collateral-free and guarantor-free loan through participating banks
National Fellowship and Scholarship for Higher Education of ST Students (Top Class Education)	ST students with parental income below Rs. 6 lakh per annum, applied through scholarships.gov.in	Tuition fee, hostel fee, books and living expenses

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Scholarships and Financial Aid at IIM Ranchi

Institute scholarships

IIM Ranchi offers a Merit Scholarship and a Merit-cum-Means Scholarship. The institute provides 25 Merit-cum-Means scholarships across the MBA, MBA-HR, MBA-BA and IPM programmes, worth Rs. 1 crore every year in total, for meritorious students who face financial constraints. Additional weightage is given to divyang students and to students from the SC and ST categories. Candidates who secured high marks in CAT may be eligible for the Merit Scholarship.

Government and state schemes

National Fellowship and Scholarship for Higher Education of ST Students (Top Class Education) for ST students with parental income below Rs. 6 lakh, covering tuition, hostel, books and living expenses
Jharkhand E-Kalyan Scholarship for SC, ST and OBC students with Jharkhand domicile
Bihar Post-Matric Scholarship for reserved-category students
West Bengal Swami Vivekananda Merit-cum-Means Scholarship for students with family income below Rs. 2.5 lakh
Post-matric and merit schemes of Uttar Pradesh, Maharashtra, Chhattisgarh, Rajasthan and Madhya Pradesh, depending on domicile and income

Students must maintain the minimum CGPA required by each scheme, and they usually need income, caste and domicile certificates. Government schemes are applied for through the National Scholarship Portal or the respective state portal.

Education loans

The PM-Vidyalaxmi Scheme offers collateral-free and guarantor-free education loans to students admitted to IIM Ranchi, and the portal charges no fee. Students can apply to several banks at once and may qualify for interest subsidy under the scheme guidelines. The institute also keeps a list of empanelled banks. The fee for the first term must be paid in full on the admission portal by the deadline, and part payment is not allowed, so students planning a loan should arrange it early.

Compare aid with the fee structure and check eligibility on the admission page.