Institute of Management Studies, Devi Ahilya Vishwavidyalaya (IMS DAVV)

#Recognised university UGC📍 Indore, Madhya Pradesh

Institute of Management Studies, Devi Ahilya Vishwavidyalaya (IMS DAVV) Scholarship 2026 Financial Aid, Merit & Category Scholarships

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Avg Package

6.16 LPA

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Highest Pkg

18.5 LPA

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Institute Type

Public

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Total Courses

3 Courses

Students of IMS DAVV can reduce the cost of their MBA through scholarship schemes of the Government of Madhya Pradesh and the Government of India. The schemes are not run by the institute alone, and the eligibility, income limits and amounts are decided by the government every year, so students should check the latest rules on the official scholarship portals before they depend on any benefit. The institute has a scholarship page and an office that helps students with forms.

Scholarships & Financial Aid

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

Available Scholarships

Scholarship Name	Eligibility Criteria	Award Amount
Central Sector Scheme	Top 20 percentile of Class 12 board with family income below the notified limit (Rs. 4.5 lakh per annum in recent years)	Rs. 10,000 - 20,000 per year
MP Post-Matric Scholarship	SC/ST/OBC students domiciled in Madhya Pradesh with family income below the limit notified by the state (Rs. 2.5 lakh per annum in recent years)	As per government norms
Mukhyamantri Medhavi Vidyarthi Yojana (MMVY)	Madhya Pradesh domicile students with the required Class 12 marks (70% in MP Board; higher percentage for CBSE/ICSE); applied for on the MP scholarship portal after admission	Tuition fee and admission fee waiver

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Scholarships and Financial Aid at IMS DAVV, Indore

Mukhyamantri Medhavi Vidyarthi Yojana (MMVY)

MMVY is meant for meritorious students who are domiciled in Madhya Pradesh. Eligible students receive a waiver of the tuition fee and the admission fee, and they apply on the Madhya Pradesh scholarship portal after taking admission. The eligibility is linked with the marks scored in the Class 12 board examination, with a higher percentage required for students of the CBSE and ICSE boards than for those of the state board.

MP Post-Matric Scholarship

Students of the SC, ST and OBC categories who are domiciled in Madhya Pradesh and whose family income is below the limit notified by the state, which has been Rs. 2.5 lakh per annum, can apply for the post-matric scholarship. The scheme covers tuition and other fees as per the government rules, and applications are made online every year with income and caste certificates.

Central Sector Scheme

The Central Sector Scheme of scholarships supports students who are in the top 20 percentile of their Class 12 board and whose family income is below the limit set by the Government of India, which has been Rs. 4.5 lakh per annum. The amount is in the range of Rs. 10,000 to Rs. 20,000 per year and is paid through the National Scholarship Portal.

Other support includes education loans from banks, for which the institute can provide fee letters, and One Time Registration for SC and ST students on the state portal. A student can normally benefit from only one similar scheme at a time, so choose the one that gives the greatest benefit. Keep the income certificate, caste certificate, domicile certificate and mark sheets ready. Use the fee structure page to work out the cost after the concession.