Financial Affordability & Scholarships

MBA Scholarships & Financial Aid Directory

Verified institutional need-based fee waivers, merit awards, corporate endowments, and SBI Scholar non-collateral education loan terms.

Need-Based Financial Aid

100% Tuition Fee Waivers

Offered by all 21 IIMs for families with gross income below ₹6 LPA. Assessed during admission verification; no eligible student is turned away.

Merit Endowments

Competitive Corporate Grants

Aditya Birla Group, OPJEMS, and Tata Trust scholarships awarding ₹1.5L to ₹3.0L per annum to top academic rankers at Tier-1 business schools.

Non-Collateral Loans

SBI & Canara Scholar Loans

Up to ₹30 Lakhs without physical collateral at subsidized rates of 8.2% to 8.5% with repayment holidays extending through the 2-year study duration.

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Aditya Birla Group ScholarshipMerit-Based

Provided by: Aditya Birla Centre for Community Initiatives

₹3,00,000 per annum (Tuition coverage)

Deadline: 2026-09-30

Eligibility Criteria:

Top 20 candidates in entrance test rank of IIM Ahmedabad, Bangalore, Calcutta, Lucknow, or XLRI
Requires continuous academic excellence in the top 25% of the batch in year 1

Required Documents:

Admission offer letterRank certificateDean endorsementEssays

Terms: Renewable in Year 2 based on academic performance and participation in leadership initiatives. • Verified on 2026-08-15

Official Application Portal

OP Jindal Engineering & Management Scholarship (OPJEMS)Merit-Based

Provided by: Jindal Steel & Power Limited

₹1,50,000 one-time merit award

Deadline: 2026-10-15

Eligibility Criteria:

Top 10 academic rankers across first-year cohorts at selected top 20 B-Schools
Shortlisted candidates must clear an online business leadership test and personal interview

Required Documents:

First term grade sheetInstitution verificationProfile resume

Terms: Awarded annually to visionary management students demonstrating exceptional leadership potential. • Verified on 2026-08-20

Official Application Portal

IIM Need-Based Financial Assistance (NBFA)Need-Based

Provided by: Government of India & IIM Endowments

Up to 100% Tuition Fee Waiver (₹10L - ₹25L)

Deadline: 2026-07-31

Eligibility Criteria:

Gross family annual income below ₹6,00,000
Net family assets and educational debt considered in evaluation

Required Documents:

Income Tax Returns of parents (3 years)Bank statementsProperty declaration

Terms: Available across all top IIMs. No student is turned away due to inability to afford tuition. • Verified on 2026-09-01

Official Application Portal

Transparent Guidance Commitment: B-School Buddy does not guarantee scholarship awards or loan sanction. Final disbursements depend on the issuing trust’s evaluation guidelines and bank credit assessment.