Top Scholarships for MBA Students

Top MBA Scholarships in India
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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 NameAwarding BodyEligibility
Pre Matric Scholarships Scheme for MinoritiesMoMA, Govt of IndiaMinority students, Classes 1-10
Pre-Matric Scholarship for Students with DisabilitiesDept. of Empowerment of Persons with Disability, Govt of IndiaStudents with disabilities, Classes 9 and 10
Post Matric Scholarship for MinoritiesMoMA, Govt of IndiaMinority students, Classes 11-Postdoctoral
Post-Matric Scholarship for Students with DisabilitiesGovt of IndiaStudents with disabilities, Classes 11, 12, Bachelors, Masters, Diplomas
INSPIRE ScholarshipDept. of Science and Technology (DST), Govt of IndiaStudents interested in science education
Scholarships for Top-Class Education for Students with DisabilitiesDept. of Empowerment of Persons with Disabilities, Govt of IndiaDisabled students pursuing graduate/postgraduate/diploma
NSP ScholarshipGovt of IndiaVaries based on specific schemes
Ishan Uday ScholarshipUniversity Grants Commission (UGC)Students from North Eastern Region (NER)
LIC ScholarshipsLife Insurance Corporation (LIC)Meritorious students from economically weaker sections
PFMS ScholarshipMoE, Govt of IndiaVaries based on specific schemes
Indira Gandhi Single Girl Child ScholarshipUniversity Grants Commission (UGC)Single girl children
Central Sector ScholarshipMoE, Govt of IndiaCollege and University students from economically underprivileged families
Pragati ScholarshipAll India Council for Technical Education (AICTE)Meritorious girl students from economically weaker sections
Vidyasaarathi ScholarshipProtean eGov Technologies LimitedUnderprivileged students
Top Class Education Scheme for SC StudentsTop Class Education Scheme for SC StudentsMeritorious students from the Scheduled Caste (SC) community
Mahatma Gandhi Scholarship SchemeEmbassy of India, KathmanduNepali students
Pradhan Mantri Uchchatar Shiksha Protsahan YojanaDept. of Higher Education, Ministry of EducationStudents from Jammu & Kashmir and Ladakh
National Overseas Scholarship 2025Ministry of Social Justice and Empowerment, Govt of IndiaStudents from SC, Denotified Tribes, Landless Agricultural Labourers
PG Scholarships for Professional Courses for SC/STVariesSC/ST students

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Top Private Scholarships in India for Students 2025

Scholarship NameAwarding BodyEligibility
Reliance Foundation ScholarshipReliance FoundationFirst-year UG and PG students
Tata Capital Pankh ScholarshipTata Capital LimitedStudents in 11, 12 or UG courses
Atul Maheshwari ScholarshipAmar Ujala FoundationStudents in classes 9-12
Kotak Kanya ScholarshipKotak Education FoundationGirls who passed Class 12
Jio ScholarshipReliance JIOUndergraduate and postgraduate students
L’Oréal India For Young Women In Science ScholarshipsL’Oréal IndiaGirls in Science stream
Colgate ScholarshipColgate-Palmolive (India) LimitedDeserving and meritorious students
ONGC ScholarshipONGC LimitedFirst year Engineering, MBBS, MBA or Master’s in Geophysics/Geology
HDFC Badhte Kadam ScholarshipHDFCHigh-achieving students
MI ScholarshipXiaomi IndiaClass 11/12 and UG students
Rolls Royce Unnati ScholarshipRolls-Royce Private Limited IndiaMeritorious female students
Aditya Birla Capital Scholarship 2025-26Aditya Birla Capital FoundationStudents from Class 9 to UG programs
Indian Oil Educational Scholarship Scheme 2025Indian Oil Corporation LimitedStudents in 10+2, ITI, Engineering, MBBS, and MBA
MakeMyTrip Foundation Padhte Raho Badhte Raho Scholarship 2025MakeMyTrip FoundationStudents from primary school to post-graduation
Nirankari Rajmata Scholarship Scheme 2025Sant Nirankari Charitable FoundationMBA students
HDFC Bank Parivartan’s ECSS ProgrammeHDFC BankSchool 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 NameAwarding BodyEligibility
Digital Gujarat ScholarshipGovernment of GujaratStudents from Class 1 to Ph.D.
SSP ScholarshipGovernment of KarnatakaResidents of Karnataka
Aikyashree ScholarshipGovernment of West BengalEligible students of West Bengal
Prize Money ScholarshipGovernment of KarnatakaSC/ST students of Karnataka
PRERANA ScholarshipGovernment of OdishaEconomically weaker students of Odisha
Pathani Samanta ScholarshipGovernment of OdishaMeritorious students of Odisha proficient in Mathematics
Swami Vivekananda ScholarshipGovernment of West BengalStudents of West Bengal
Dr. Ambedkar ScholarshipGovernment of PunjabSC/OBC students and economically disadvantaged students
Oasis ScholarshipGovernment of West BengalSC, ST, and OBC students of West Bengal
MahaDBT ScholarshipGovernment of MaharashtraDomiciled students in Maharashtra
MYSY ScholarshipGovernment of GujaratLow-income students of Gujarat
Nabanna ScholarshipGovernment of West BengalMeritorious students of West Bengal
Jnanabhumi ScholarshipGovernment of Andhra PradeshSC, ST, BC, Minorities, Kapu, EBC, and differently-abled students of Andhra Pradesh
MMVY ScholarshipGovernment of Madhya PradeshMeritorious students from economically weaker backgrounds in Madhya Pradesh
PMSSS scholarshipAICTEStudents from Jammu & Kashmir and Ladakh
Panjabrao Deshmukh ScholarshipGovernment of MaharashtraVaries
Karnataka Raita Vidya Nidhi ScholarshipGovernment of KarnatakaChildren of farmers in Karnataka
E-Grantz ScholarshipGovernment of KeralaSC, ST, or OBC category students of Kerala
Gargi Puraskar ScholarshipGovernment of RajasthanFemale students of Rajasthan
Rajarshi Shahu Maharaj ScholarshipGovernment of MaharashtraStudents from the Maratha community in Maharashtra
Samunnathi ScholarshipVariesVaries

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Course-Based Best Scholarships for MBA Students in India

Scholarship NameEligibility CriteriaAmount
BML Munjal University MBA ScholarshipAcademic excellence, attendance, and entrance exam scores (CAT, GMAT, XAT, NMAT)Upto 100% tuition waiver
IDFC FIRST Bank MBA ScholarshipFamily income < INR 6 lakh per annumINR 2 lakh over two years
UPESMET MBA ScholarshipMerit-based20% tuition fee waiver for first and second semesters
NMAT by GMAC MBA ScholarshipNMAT scores, academic achievements, professional or extracurricular profiles10% to 100% tuition fee waiver
ONGC MBA ScholarshipEconomically weaker backgrounds (SC/ST, OBC, general)Up to INR 48,000 annually
ISB PGP ScholarshipsNeed-based, merit-based, diversity, and industry-specific interestsVaries by award
IRMA Merit-based PGDM ScholarshipAcademically exceptional candidatesNot specified
Aditya Birla Capital Scholarship 2025-26Students from Class 9 to undergraduate programsUp to INR 60,000
Indian Oil Educational Scholarship Scheme 202510+2, ITI, Engineering (BE/B.Tech), MBBS, and MBA studentsINR 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 ProgramMeritorious girl students in the 2nd year of an MBA programINR 75,000 per year

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MBA Scholarships for Students in India

Scholarship NameEligibility CriteriaAmount
IIM Ahmedabad MBA Research AssistantshipMBA in Statistics, Operations Research, or Computer Science; Skills in R and Python₹ 40000
IIM Ahmedabad MBA Research AssociateshipExpertise in Stata/SPSS, data scraping, dataset creation, and analysis; Focus on women’s leadership researchBased on qualifications and experience
University of Queensland MBA ScholarshipDomestic students, academic excellence, managerial experience, community involvement25% of tuition fees
MakeMyTrip Foundation Padhte Raho Badhte Raho ScholarshipStudents who lost parents during COVID-19, from tourism/hospitality sector, family income < INR 6,00,000₹ 24000 – ₹ 50000
SSE (Stockholm School of Economics) MBA ScholarshipBachelor’s degree, 5+ years work experience, strong English proficiency, leadership skills, sustainable focusFull tuition coverage
OP Jindal MBA ScholarshipsMerit-cum-means, academic performance, family income, co-curricular achievements₹ 1500000
IIM Ahmedabad PGP ScholarshipVaries based on scholarship typeNeed-based, merit-based, government-funded, alumni-funded
IIM Bangalore PGP ScholarshipNeed-based (income < INR 8,00,000), merit-based, category-specific (SC/ST, PwD)Up to 100% tuition fee coverage
IIM Indore PGP ScholarshipsVaries based on scholarship typeNeed-based (NBFA), merit-based, corporate-sponsored, government-sponsored
IIM Kashipur MBA ScholarshipNeed-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 NameEligibility CriteriaAmount
IIM Rohtak PGP Scholarship 2025 (MCM)Merit-based, Family Income below INR 2 LPAVaries
IIM Rohtak PGP Scholarship 2025 (SC/ST)SC/ST categoryFull Fee Waiver
IIM Ranchi MBA Scholarship 2025Merit-cum-Means, Academic Excellence, Financial NeedINR 1 Crore (Total Allocation)
IIM Udaipur MBA ScholarshipsMerit-based, Need-based, Category-specific (SC, ST, Minority, Differently-abled)Varies
IIM Sirmaur MBA ScholarshipSocially and Economically Disadvantaged BackgroundsVaries (Tuition Fee Waivers, Stipends, Allowances)
IIM Shillong PGP ScholarshipEconomically Weaker Sections, Marginalised CommunitiesVaries (Need-Based, Government Scholarships)
IIM Nagpur PGP ScholarshipMerit-based (Top 10 CAT scorers), Need-cum-Merit (Family Income below INR 8 Lakhs)Full Tuition Fees
LPUNEST MBA Scholarship 2025Academic Performance, LPUNEST Scores, Work Experience, Financial Need, Specific Categories30% – 60% of Program Fee
IMT Ghaziabad PGDM Scholarship 2025Merit-based, Gender Diversity, Financial InclusionVaries (Smt. Leela Nath Memorial, Merit Scholarship, Tuition Fee Waiver)
IIM Calcutta MBA ScholarshipMerit-based, Financial Need, Specific Eligibility CriteriaVaries (Need-based, Industry-sponsored)
IIM Lucknow PGP ScholarshipMerit-based, Financial Need, Social EquityVaries (Need-Based IIML, Industry-sponsored, Government Scholarships)
IIM Kozhikode PGP ScholarshipMerit-based, Need-Based, Government and Private ScholarshipsVaries
Nirankari Rajmata Scholarship Scheme 2025Merit-cum-Means, Family Income below INR 3.5 LakhsUp to INR 75,000 annually
IIM Raipur PGP ScholarshipMerit-based, Research ScholarsVaries (Tuition Fees, Stipends, Grants)
Alliance University Bangalore Merit-Based MBA ScholarshipAcademic Excellence (60% in X, XII, Graduation), CAT/XAT/GMAT/NMAT ScoresUp 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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