Indian Institute of Management Visakhapatnam

#29 (2025) NIRF (Management)📍 Visakhapatnam, Andhra Pradesh

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

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Avg Package

16.4 LPA

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Highest Pkg

32.5 LPA

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Institute Type

Government

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Total Courses

6 Courses

IIM Visakhapatnam is deeply committed to ensuring that financial constraints never become a barrier to accessing world-class management education for deserving candidates. To this end, the Institute proudly offers a highly robust framework of Need-Based Scholarships, which are specifically designed to provide substantial financial relief. Notably, this includes a highly impactful Tuition Fee Waiver (TFW) scheme that can cover up to 100% of the tuition costs. This profound financial aid is targeted directly at eligible PGP students whose total annual family household income falls strictly below the Rs. 6,00,000 threshold. In tandem with need-based support, the Institute strongly encourages and rewards academic excellence by dispensing highly coveted Merit-Based Scholarships. These specific scholarships take the form of partial tuition fee waivers and are highly competitive, awarded exclusively to the absolute top-performing students based on their rigorous academic performance evaluated at the end of the first year.

Scholarships & Financial Aid

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

Available Scholarships

Scholarship Name	Eligibility Criteria	Award Amount
Need-Based Scholarship / Tuition Fee Waiver (TFW)	PGP students with annual household income below Rs. 6,00,000, offering up to 100% tuition fee waiver	Up to 100% Tuition Fee Waiver, as assessed by the Institute
Merit-Based Scholarships	Top-performing PGP students, as determined by academic performance	Partial fee waiver, as per Institute policy
National Fellowship and Scholarship for Higher Education of ST Students	ST category students as per Ministry of Tribal Affairs norms	As per Government of India scheme norms
Central Sector Scholarship of Top Class Education for SC Students	SC category students as per Department of Social Justice and Empowerment norms	As per Government of India scheme norms
Application Fee Exemption	SC/ST, PwD and women candidates for select programmes such as the Executive MBA	Full or partial waiver of the non-refundable application fee

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Comprehensive Institute and Government of India Scholarships

Furthermore, IIM Visakhapatnam acts as a crucial facilitator for a wide array of prestigious Government of India scholarships, actively ensuring that students from diverse backgrounds can leverage national-level financial support. Eligible students belonging to the SC, ST, OBC, and EWS categories are strongly encouraged to apply for pivotal central schemes. These include the highly significant National Fellowship and Scholarship for Higher Education of ST Students (administered by the Ministry of Tribal Affairs), the Central Sector Scholarship of Top Class Education for SC Students, and the PM YASASVI scheme for OBC/EBC candidates. These vital government scholarships are efficiently administered directly through the centralized National Scholarship Portal (NSP) and frequently offer comprehensive benefits, such as a complete, full tuition fee waiver paired with substantial additional financial allowances (often up to Rs. 86,000) meant specifically to cover essential living and study expenses.

In addition to these massive tuition-focused scholarships, IIM Visakhapatnam also implements highly supportive policies right from the initial application stage. Specifically, immediate application fee exemptions or substantial waivers are readily available for candidates belonging to the SC, ST, and PwD categories, as well as for women candidates applying for select, targeted programmes such as the Executive MBA. Because the exact terms, strict financial limits, and stringent eligibility requirements for both Institute-level and Government scholarships are subject to periodic revisions by the respective authorities, all prospective applicants must proactively confirm the most current, up-to-date eligibility matrices. This verification should be done directly in consultation with the official IIMV admission office or by thoroughly reviewing the guidelines published on the official National Scholarship Portal before committing to any financial planning.