Did you know that pursuing an MBA can significantly increase your earning potential, potentially doubling your salary? But with the rising cost of higher education, this transformative degree can seem out of reach for many. Explore some of the top scholarships available to MBA students in India, from merit-based awards to those designed for specific demographics. We’ll cover a range of options to help you find the financial support you need to turn your MBA dreams into a reality.
Types of Scholarships for MBA Students
- Merit-Based Scholarships
- Need-Based Scholarships
- Minority Based Scholarships
Government Scholarships for Students in India 2025
Scholarship Name | Awarding Body | Eligibility |
Pre Matric Scholarships Scheme for Minorities | MoMA, Govt of India | Minority students, Classes 1-10 |
Pre-Matric Scholarship for Students with Disabilities | Dept. of Empowerment of Persons with Disability, Govt of India | Students with disabilities, Classes 9 and 10 |
Post Matric Scholarship for Minorities | MoMA, Govt of India | Minority students, Classes 11-Postdoctoral |
Post-Matric Scholarship for Students with Disabilities | Govt of India | Students with disabilities, Classes 11, 12, Bachelors, Masters, Diplomas |
INSPIRE Scholarship | Dept. of Science and Technology (DST), Govt of India | Students interested in science education |
Scholarships for Top-Class Education for Students with Disabilities | Dept. of Empowerment of Persons with Disabilities, Govt of India | Disabled students pursuing graduate/postgraduate/diploma |
NSP Scholarship | Govt of India | Varies based on specific schemes |
Ishan Uday Scholarship | University Grants Commission (UGC) | Students from North Eastern Region (NER) |
LIC Scholarships | Life Insurance Corporation (LIC) | Meritorious students from economically weaker sections |
PFMS Scholarship | MoE, Govt of India | Varies based on specific schemes |
Indira Gandhi Single Girl Child Scholarship | University Grants Commission (UGC) | Single girl children |
Central Sector Scholarship | MoE, Govt of India | College and University students from economically underprivileged families |
Pragati Scholarship | All India Council for Technical Education (AICTE) | Meritorious girl students from economically weaker sections |
Vidyasaarathi Scholarship | Protean eGov Technologies Limited | Underprivileged students |
Top Class Education Scheme for SC Students | Top Class Education Scheme for SC Students | Meritorious students from the Scheduled Caste (SC) community |
Mahatma Gandhi Scholarship Scheme | Embassy of India, Kathmandu | Nepali students |
Pradhan Mantri Uchchatar Shiksha Protsahan Yojana | Dept. of Higher Education, Ministry of Education | Students from Jammu & Kashmir and Ladakh |
National Overseas Scholarship 2025 | Ministry of Social Justice and Empowerment, Govt of India | Students from SC, Denotified Tribes, Landless Agricultural Labourers |
PG Scholarships for Professional Courses for SC/ST | Varies | SC/ST students |
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Top Private Scholarships in India for Students 2025
Scholarship Name | Awarding Body | Eligibility |
Reliance Foundation Scholarship | Reliance Foundation | First-year UG and PG students |
Tata Capital Pankh Scholarship | Tata Capital Limited | Students in 11, 12 or UG courses |
Atul Maheshwari Scholarship | Amar Ujala Foundation | Students in classes 9-12 |
Kotak Kanya Scholarship | Kotak Education Foundation | Girls who passed Class 12 |
Jio Scholarship | Reliance JIO | Undergraduate and postgraduate students |
L’Oréal India For Young Women In Science Scholarships | L’Oréal India | Girls in Science stream |
Colgate Scholarship | Colgate-Palmolive (India) Limited | Deserving and meritorious students |
ONGC Scholarship | ONGC Limited | First year Engineering, MBBS, MBA or Master’s in Geophysics/Geology |
HDFC Badhte Kadam Scholarship | HDFC | High-achieving students |
MI Scholarship | Xiaomi India | Class 11/12 and UG students |
Rolls Royce Unnati Scholarship | Rolls-Royce Private Limited India | Meritorious female students |
Aditya Birla Capital Scholarship 2025-26 | Aditya Birla Capital Foundation | Students from Class 9 to UG programs |
Indian Oil Educational Scholarship Scheme 2025 | Indian Oil Corporation Limited | Students in 10+2, ITI, Engineering, MBBS, and MBA |
MakeMyTrip Foundation Padhte Raho Badhte Raho Scholarship 2025 | MakeMyTrip Foundation | Students from primary school to post-graduation |
Nirankari Rajmata Scholarship Scheme 2025 | Sant Nirankari Charitable Foundation | MBA students |
HDFC Bank Parivartan’s ECSS Programme | HDFC Bank | School students (Classes 1-12), diploma, ITI, polytechnic, UG and PG students |
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Best State Scholarships for MBA Students in India 2025
Scholarship Name | Awarding Body | Eligibility |
Digital Gujarat Scholarship | Government of Gujarat | Students from Class 1 to Ph.D. |
SSP Scholarship | Government of Karnataka | Residents of Karnataka |
Aikyashree Scholarship | Government of West Bengal | Eligible students of West Bengal |
Prize Money Scholarship | Government of Karnataka | SC/ST students of Karnataka |
PRERANA Scholarship | Government of Odisha | Economically weaker students of Odisha |
Pathani Samanta Scholarship | Government of Odisha | Meritorious students of Odisha proficient in Mathematics |
Swami Vivekananda Scholarship | Government of West Bengal | Students of West Bengal |
Dr. Ambedkar Scholarship | Government of Punjab | SC/OBC students and economically disadvantaged students |
Oasis Scholarship | Government of West Bengal | SC, ST, and OBC students of West Bengal |
MahaDBT Scholarship | Government of Maharashtra | Domiciled students in Maharashtra |
MYSY Scholarship | Government of Gujarat | Low-income students of Gujarat |
Nabanna Scholarship | Government of West Bengal | Meritorious students of West Bengal |
Jnanabhumi Scholarship | Government of Andhra Pradesh | SC, ST, BC, Minorities, Kapu, EBC, and differently-abled students of Andhra Pradesh |
MMVY Scholarship | Government of Madhya Pradesh | Meritorious students from economically weaker backgrounds in Madhya Pradesh |
PMSSS scholarship | AICTE | Students from Jammu & Kashmir and Ladakh |
Panjabrao Deshmukh Scholarship | Government of Maharashtra | Varies |
Karnataka Raita Vidya Nidhi Scholarship | Government of Karnataka | Children of farmers in Karnataka |
E-Grantz Scholarship | Government of Kerala | SC, ST, or OBC category students of Kerala |
Gargi Puraskar Scholarship | Government of Rajasthan | Female students of Rajasthan |
Rajarshi Shahu Maharaj Scholarship | Government of Maharashtra | Students from the Maratha community in Maharashtra |
Samunnathi Scholarship | Varies | Varies |
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Course-Based Best Scholarships for MBA Students in India
Scholarship Name | Eligibility Criteria | Amount |
BML Munjal University MBA Scholarship | Academic excellence, attendance, and entrance exam scores (CAT, GMAT, XAT, NMAT) | Upto 100% tuition waiver |
IDFC FIRST Bank MBA Scholarship | Family income < INR 6 lakh per annum | INR 2 lakh over two years |
UPESMET MBA Scholarship | Merit-based | 20% tuition fee waiver for first and second semesters |
NMAT by GMAC MBA Scholarship | NMAT scores, academic achievements, professional or extracurricular profiles | 10% to 100% tuition fee waiver |
ONGC MBA Scholarship | Economically weaker backgrounds (SC/ST, OBC, general) | Up to INR 48,000 annually |
ISB PGP Scholarships | Need-based, merit-based, diversity, and industry-specific interests | Varies by award |
IRMA Merit-based PGDM Scholarship | Academically exceptional candidates | Not specified |
Aditya Birla Capital Scholarship 2025-26 | Students from Class 9 to undergraduate programs | Up to INR 60,000 |
Indian Oil Educational Scholarship Scheme 2025 | 10+2, ITI, Engineering (BE/B.Tech), MBBS, and MBA students | INR 3,000 per month for engineering, MBBS, and MBA students; INR 1,000 per month for 10+2 and ITI students |
Ericsson Empowering Girl MBA Scholarship Program | Meritorious girl students in the 2nd year of an MBA program | INR 75,000 per year |
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MBA Scholarships for Students in India
Scholarship Name | Eligibility Criteria | Amount |
IIM Ahmedabad MBA Research Assistantship | MBA in Statistics, Operations Research, or Computer Science; Skills in R and Python | ₹ 40000 |
IIM Ahmedabad MBA Research Associateship | Expertise in Stata/SPSS, data scraping, dataset creation, and analysis; Focus on women’s leadership research | Based on qualifications and experience |
University of Queensland MBA Scholarship | Domestic students, academic excellence, managerial experience, community involvement | 25% of tuition fees |
MakeMyTrip Foundation Padhte Raho Badhte Raho Scholarship | Students who lost parents during COVID-19, from tourism/hospitality sector, family income < INR 6,00,000 | ₹ 24000 – ₹ 50000 |
SSE (Stockholm School of Economics) MBA Scholarship | Bachelor’s degree, 5+ years work experience, strong English proficiency, leadership skills, sustainable focus | Full tuition coverage |
OP Jindal MBA Scholarships | Merit-cum-means, academic performance, family income, co-curricular achievements | ₹ 1500000 |
IIM Ahmedabad PGP Scholarship | Varies based on scholarship type | Need-based, merit-based, government-funded, alumni-funded |
IIM Bangalore PGP Scholarship | Need-based (income < INR 8,00,000), merit-based, category-specific (SC/ST, PwD) | Up to 100% tuition fee coverage |
IIM Indore PGP Scholarships | Varies based on scholarship type | Need-based (NBFA), merit-based, corporate-sponsored, government-sponsored |
IIM Kashipur MBA Scholarship | Need-based, merit-based, need-cum-merit-based, government-sponsored (SC, ST, minority) | Full tuition fee waivers to up to 10% of students |
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Other Relevant MBA Scholarships for Students in India
Scholarship Name | Eligibility Criteria | Amount |
IIM Rohtak PGP Scholarship 2025 (MCM) | Merit-based, Family Income below INR 2 LPA | Varies |
IIM Rohtak PGP Scholarship 2025 (SC/ST) | SC/ST category | Full Fee Waiver |
IIM Ranchi MBA Scholarship 2025 | Merit-cum-Means, Academic Excellence, Financial Need | INR 1 Crore (Total Allocation) |
IIM Udaipur MBA Scholarships | Merit-based, Need-based, Category-specific (SC, ST, Minority, Differently-abled) | Varies |
IIM Sirmaur MBA Scholarship | Socially and Economically Disadvantaged Backgrounds | Varies (Tuition Fee Waivers, Stipends, Allowances) |
IIM Shillong PGP Scholarship | Economically Weaker Sections, Marginalised Communities | Varies (Need-Based, Government Scholarships) |
IIM Nagpur PGP Scholarship | Merit-based (Top 10 CAT scorers), Need-cum-Merit (Family Income below INR 8 Lakhs) | Full Tuition Fees |
LPUNEST MBA Scholarship 2025 | Academic Performance, LPUNEST Scores, Work Experience, Financial Need, Specific Categories | 30% – 60% of Program Fee |
IMT Ghaziabad PGDM Scholarship 2025 | Merit-based, Gender Diversity, Financial Inclusion | Varies (Smt. Leela Nath Memorial, Merit Scholarship, Tuition Fee Waiver) |
IIM Calcutta MBA Scholarship | Merit-based, Financial Need, Specific Eligibility Criteria | Varies (Need-based, Industry-sponsored) |
IIM Lucknow PGP Scholarship | Merit-based, Financial Need, Social Equity | Varies (Need-Based IIML, Industry-sponsored, Government Scholarships) |
IIM Kozhikode PGP Scholarship | Merit-based, Need-Based, Government and Private Scholarships | Varies |
Nirankari Rajmata Scholarship Scheme 2025 | Merit-cum-Means, Family Income below INR 3.5 Lakhs | Up to INR 75,000 annually |
IIM Raipur PGP Scholarship | Merit-based, Research Scholars | Varies (Tuition Fees, Stipends, Grants) |
Alliance University Bangalore Merit-Based MBA Scholarship | Academic Excellence (60% in X, XII, Graduation), CAT/XAT/GMAT/NMAT Scores | Up to 50% Fee Waiver |
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FAQs: Top Scholarships for MBA Students in India
What is the average MBA Scholarship amount?
The average MBA Scholarship amount is INR 1 LPA in Indian universities.
What are the required documents for scholarships for MBA students in India?
The required documents for scholarships for MBA students in India can vary depending on the specific scholarship and institution. However, some common documents include:
- Academic Transcripts: Mark sheets from 10th, 12th, and graduation.
- Entrance Exam Scores: Scores from relevant entrance exams like CAT, GMAT, XAT, etc.
- Proof of Identity and Address: Aadhar card, passport, voter ID, etc.
- Income Certificates: Documents proving family income.
- Caste Certificate (if applicable): For scholarships based on caste or category.
- Other Relevant Documents: These may include letters of recommendation, essays, and certificates of extracurricular activities
What is the benefit of the Post Graduate Scholarship for Professional Courses for SC/ST?
The benefit of the Post Graduate Scholarship for Professional Courses for SC/ST is INR 4,500 per month credited through Direct Benefit Transfer (DBT).
What are the leading business schools in India?
The leading business schools in India are IIMs, XLRI, NMIMS, Taxila Business School, etc.
What are the five top MBA colleges in India?
The five top MBA colleges in India are:
- IIM Bangalore
- IIM Calcutta
- IIM Ahmedabad
- S P Jain Institute of Management and Research (SPJIMR)
- Taxila Business School
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