G.H. Raisoni School of Business Management Scholarships & Eligibility

The G.H. Raisoni School of Business Management (GHRSBM) in Nagpur, Maharashtra, is committed to ensuring that financial limitations do not become a barrier to quality management education. Operating under the visionary umbrella of the Raisoni Group of Institutions and the G.H. Raisoni Foundation, the institution administers a wide array of merit-based scholarships, financial concessions, government-backed fee waivers, and specialized support schemes to assist deserving postgraduate management aspirants.

Types of Scholarships and Concessions

To accommodate diverse student profiles, financial situations, and academic achievements, the institution provides several distinct scholarship programs:

• Meritorious Student Scholarships: Funded through the G.H. Raisoni Foundation corpus, these awards target academically brilliant and economically weaker students from outside the Raisoni Group. For MBA and postgraduate courses, students securing between 70% and 79.99% in their qualifying examinations are eligible for a 10% tuition fee waiver, while those scoring 80% and above can receive up to a 15% fee waiver.

• Raisonian Concessions (Employee & Sibling Wards): The institution extends financial support to internal community members. Sons, daughters, and spouses of permanent employees of the Raisoni Group, as well as existing institutional alumni and siblings pursuing higher education within group institutions, are granted special fee concessions (such as up to 50% waiver on applicable tuition and development fees for employee wards and 5% for siblings).

• Government-Backed Social Welfare Scholarships: Being affiliated with Rashtrasant Tukadoji Maharaj Nagpur University and operating under Maharashtra state regulatory norms, eligible students admitted through centralized counseling (CAP rounds) can access major state government schemes. This includes the Rajarshi Chhatrapati Shahu Maharaj Fee Reimbursement Scheme (EBC) for open-category economically weaker students, alongside specialized freeships and scholarships for SC, ST, OBC, SBC, and VJ/NT category students managed by the Social Welfare and Tribal Development Departments.

• Minority Scholarships: Students belonging to notified minority communities (such as Muslim, Christian, Sikh, Buddhist, Jain, and Parsi) can apply for state and central government minority scholarships through official national portals.

• Sports and Disability Scholarships: To encourage extracurricular excellence and social inclusivity, special concessions are awarded to students who have demonstrated active participation in sports at state (10% waiver), national (15% waiver), or international levels (20% waiver). Physically challenged students are evaluated for custom financial aid based on their level of disability certified by competent medical boards.

Eligibility Criteria

While specific conditions vary depending on the exact scheme, standard eligibility benchmarks apply across most institutional and government grants:

• Academic Thresholds: For merit-based foundation scholarships, applicants must maintain minimum qualifying scores (typically 70% or higher in undergraduate degree aggregates or entrance metrics).

• Admission Route: Government-backed category scholarships (SC, ST, OBC, EBC, TFWS) strictly require students to have secured admission through the State Common Entrance Test Cell Centralized Admission Process (CAP).

• Income Ceilings: For government schemes and specific foundation grants, family income ceilings (such as gross annual income below specified state thresholds) must be formally verified via valid Tahsildar-issued income certificates.

• Academic Continuity: To retain institutional scholarships in subsequent academic years, students must successfully clear all prior semester or annual examinations in a single attempt without backlogs and maintain satisfactory conduct.

Application Process

The application workflow for securing scholarships at GHRSBM is structured to ensure transparency and timely disbursement:

• Admission Confirmation: Students must first secure their admission to the MBA program through valid CAP counseling or approved institutional quotas.

• Document Submission Portal: During the admission window, candidates must submit required supporting credentials—such as qualifying mark sheets, caste certificates, domicile papers, income proofs, and Aadhaar linkage—to the institutional scholarship cell.

• Online Government Portals: For state and central government scholarships (MahaDBT portal), eligible students must fill out online application forms separately, upload necessary documents, and submit printouts to the college administrative office for verification.

• Verification and Adjustment: A dedicated institutional scholarship committee evaluates all applications. Once approved, the scholarship amount is directly adjusted against the student's net annual applicable tuition or development fees rather than being disbursed in cash.

Financial Aid and Educational Loan Options

Recognizing that upfront tuition payments can create short-term hurdles, GHRSBM provides robust institutional support for external financing:

• Bank Loan Assistance: The administrative and accounts division assists students in securing hassle-free education loans from major nationalized and private sector banks.

• Tie-ups with Financial Institutions: The college maintains formal guidance channels with leading banks to expedite loan sanctions, complete documentation requirements (such as bonafide certificates, fee structures, and recognition proofs), and offer flexible repayment holiday moratoriums extending beyond course completion.

• Structured Installment Facilities: Subject to management approval and individual case evaluation, eligible students facing temporary financial distress may be permitted to clear their annual fees in structured installments, preventing academic interruptions.

Frequently Asked Questions (FAQs)

A: Meritorious students entering the MBA program with qualifying scores between 70% and 80% can receive a 10% tuition fee waiver, while those scoring above 80% are eligible for a 15% fee waiver under the G.H. Raisoni Foundation scheme.

A: Yes. Economically weaker open-category students admitted through the Centralized Admission Process (CAP) can apply for the Rajarshi Chhatrapati Shahu Maharaj Fee Reimbursement Scheme (EBC), which covers a substantial portion of tuition fees.

A: No. Institutional policy dictates that clubbing multiple internal schemes (such as combining employee ward concessions with sibling or merit scholarships) is generally not permitted. Students can choose the most beneficial applicable scheme.

A: Scholarships are never distributed as direct cash payments. Instead, the approved scholarship amount is directly adjusted against the student's annual fee structure.

A: Yes. The institute provides complete documentation support, including fee structures, bonafide certificates, and AICTE approval letters, and assists students in coordinating with major partner banks for seamless education loan processing.