Indian Institute of Management Mumbai (IIM Mumbai), Mumbai – Scholarships

The Indian Institute of Management Mumbai, also known as the National Institute of Industrial Engineering (NITIE), offers a variety of scholarships aimed at supporting both meritorious and financially needy students. These scholarships are structured to assist students enrolled in various postgraduate programs, including the flagship MBA program.

Following is the list of some of the scholarships that are offered to the students at IIM Mumbai.

Tuition Fee Waivers: The Indian Institute of Management Mumbai provides two main types of tuition fee waivers based on family income:

Type 1 Scholarship: Offers a 30% tuition fee waiver for students whose family income is less than INR 2.5 LPA.

Type 2 Scholarship: Provides a 50% tuition fee waiver for students with a family income below INR 1 LPA.

Teaching Assistantship: GATE-qualified candidates can receive a Teaching Assistantship, which offers a stipend of INR 12,400 per month, along with additional contingency expenditures as per institutional regulations.

Government Scholarships: IIM Mumbai also facilitates access to government-sponsored scholarships for SC/ST students:

Central Sector Scholarship Scheme for SC/ST Students: This scheme provides financial assistance to students from these categories, with eligibility based on a family income not exceeding INR 8 lakhs annually.

Additional Scholarship Opportunities:

In addition to the internal scholarships provided by the Indian Institute of Management Mumbai, students may also apply for external scholarships offered by various organizations and corporations. These include:

• Aditya Birla Scholarship: A merit-based scholarship worth INR 1.75 LPA, available to students from various IIMs, including IIM Mumbai.
• Mirae Asset Foundation (MAF) Scholarship: This scholarship is valued at INR 5 lakhs and is awarded based on interviews to candidates with a family income under INR 8 lakhs.

Eligibility Criteria:

To be eligible for the Indian Institute of Management Mumbai's scholarships, candidates generally need to meet the following criteria:

• A valid Bachelor’s degree from a recognized institution.
• Strong academic performance at both school and undergraduate levels.
• A demonstrable financial need or exceptional merit, depending on the scholarship type.
• For government scholarships, compliance with specific income thresholds is required.

Application Process:

Students interested in applying for scholarships at IIM Mumbai should do so through the official website, providing necessary documentation that supports their eligibility claims. The application process typically opens after admission offers are made and runs through specific deadlines set by the institute.

By offering these financial assistance programs, the Indian Institute of Management Mumbai aims to ensure that deserving candidates can pursue their education without financial constraints, thereby promoting diversity and inclusion within its student body.