Era Business School Scholarships & Eligibility

Situated in Dwarka, New Delhi, Era Business School (EBS) was founded as an industry-integrated management institution under the auspices of the Era Infrastructure Group. Recognizing that financial considerations should not impede high-achieving management aspirants from acquiring quality education, EBS offers financial aid mechanisms, merit-based tuition concessions, and assistance with educational loan processing.

The institute integrates institutional merit waivers, corporate-backed financial support, and state/national welfare schemes to foster inclusive management education.

Types of Scholarships Available

Scholarships and fee concessions at Era Business School are categorized based on national entrance test scores, academic consistency, economic background, and special candidate categories.

Merit-Based Scholarships (Entrance Examination Scores)

Candidates who demonstrate exceptional performance in national-level management entrance tests are awarded partial tuition fee waivers during the first academic year.

• CAT / XAT Percentile Waivers: Candidates scoring above specified high percentiles (typically 80 percentile and above in CAT or XAT) are eligible for tuition fee reductions ranging between 10% and 25%.

• MAT / CMAT High Achievers: High scorers in MAT (composite score above 650 or 80+ percentile) and CMAT (85+ percentile) can apply for academic merit concessions.

Academic Excellence Waivers

These awards recognize consistent performance throughout a candidate's prior education.

• Candidates who have secured an aggregate of 80% or higher in Class 10th, Class 12th, and undergraduate degree programs qualify for special academic distinction waivers.

Need-Cum-Merit Assistance & Freeships

Designed to support economically weaker sections, this financial aid scheme offers partial tuition fee reductions to deserving students who meet baseline academic standards but face financial constraints.

• Granted to students whose annual gross family income falls below the prescribed ceiling (typically below INR 3,00,000 to INR 6,00,000 per annum).

Special Group & Diversity Concessions

To promote diversity across PGDM cohorts, EBS provides specialized tuition fee concessions for specific candidate profiles:

• Women Empowerment Concession: Female management aspirants meeting the baseline eligibility criteria receive dedicated fee waivers.

• Defense / Armed Forces Personnel Wards: Concessions offered to children or dependents of active or retired Indian Armed Forces personnel.

• Corporate & Sports Achievers: Partial concessions for candidates with documented state/national level sports representation or notable pre-PGDM work experience in corporate environments.

Government & External Welfare Schemes

Enrolled students at EBS can apply for government-sponsored post-matric scholarships and state welfare schemes through official portals:

• Central & State Government Schemes: Reserved category students (SC/ST/OBC/PwD) and minority community students can apply for post-matric scholarship schemes and merit-cum-means financial assistance offered by the Ministry of Social Justice, Ministry of Minority Affairs, and Delhi State Welfare Department.

• National Scholarship Portal (NSP): Students can utilize the NSP portal to claim central financial assistance, which is disbursed directly to candidate bank accounts via Direct Benefit Transfer (DBT).

Eligibility Criteria

To qualify for institutional scholarships at Era Business School, candidates must satisfy specific benchmark conditions at the time of admission:

• Academic Qualification: A minimum of 50% aggregate marks in the undergraduate degree from a recognized university.

• Valid Entrance Scorecard: Proof of a valid score in CAT, MAT, XAT, CMAT, or ATMA for test-score based merit waivers.

• Income Documentation: For need-based aid, candidates must present an authentic Income Certificate issued by a competent government authority (Revenue Officer/Tahsildar) indicating an annual family income below the specified threshold.

• Academic Continuity & Discipline: Renewal of tuition concessions in subsequent trimesters or years is contingent upon maintaining a minimum prescribed CGPA (typically 6.5 or 7.0), a minimum 75% class attendance, and a clean disciplinary record.

Application & Selection Process

The process for claiming institutional financial aid or merit scholarships is integrated with the standard PGDM admission cycle:

Submission of Scholarship Form

Prospective students must indicate their intent to apply for a scholarship while filling out the official Era Business School PGDM application form.

Document Verification

During the Group Discussion and Personal Interview (GD-PI) rounds, candidates must submit self-attested supporting documents (entrance scorecards, academic mark sheets, income certificates, or category proof) to the admissions office.

Review by Financial Aid Committee

An institutional scholarship committee reviews the applications, verifying candidate merit, profile scores, and income credentials against the annual scholarship budget and allocated seat quota.

Final Offer & Fee Adjustment

Successful applicants receive a formal scholarship approval letter alongside their admission offer letter. The approved waiver percentage is adjusted directly against the tuition fee component specified in the fee schedule.

Financial Aid & Educational Loan Assistance

To assist students who require complete financial coverage for tuition, hostel, and study material expenses, Era Business School provides structured educational loan support:

• Bank Tie-ups & Document Support: EBS issues formal fee structure letters, bonafide student certificates, and admission confirmation letters required by nationalized and private sector banks to expedite education loan approvals.

• Vidya Lakshmi Portal Facilitation: Students are guided on applying for education loans under the Government of India’s Vidya Lakshmi Portal, facilitating access to SBI, PNB, Canara Bank, and other scheduled banks offering collateral-free education loans for higher professional studies up to specified central limits.

Frequently Asked Questions (FAQs)

1. Does Era Business School offer full 100% tuition fee scholarships?

Institutional scholarships generally cover partial tuition fee waivers ranging from 10% to 50% based on entrance test percentiles and academic records. Complete waivers are typically restricted to select central or state government welfare schemes for specific socio-economic categories.

2. Can a candidate combine multiple institutional scholarships at EBS?

No. Candidates are generally eligible to receive only one institutional scholarship or tuition concession scheme at a time. If a student qualifies under multiple heads (e.g., high MAT score and women quota), the higher applicable waiver is granted.

3. What documents are required to apply for need-based financial aid?

Applicants must submit an official Income Certificate issued by a competent state authority, salary slips or ITR of earning family members, Bank Statements for the past six months, along with academic mark sheets and proof of identity.

4. How does Era Business School support education loan processing for PGDM students?

EBS provides candidates with an official loan sanction kit—including the detailed program fee break-up, AICTE approval letter, bonafide student certificate, and placement track record—to help streamline education loan applications with nationalized and private banks.

5. Are scholarships renewed automatically for the second year of the PGDM program?

Scholarship renewal for the second year is subject to review. Students must maintain the required cumulative grade point average (CGPA), fulfill mandatory attendance norms (75%+), and maintain clean conduct throughout the first year.