Institute of Management & Technology(MBA Programme), Faridabad Scholarships & Eligibility

The Institute of Management & Technology (IMT), Faridabad (affiliated with Maharshi Dayanand University, Rohtak, and approved by AICTE) provides a robust academic framework for its two-year, full-time Master of Business Administration (MBA) program. Recognizing the financial commitment required for postgraduate management education, the institute—in alignment with state government policies, AICTE regulations, and banking institutions—facilitates a wide array of scholarships, tuition fee concessions, and structured financial aid options designed to promote educational inclusivity and reward academic merit.

Overview of Financial Aid & Scholarship Ecosystem

Financial support at IMT Faridabad serves dual purposes: rewarding academic excellence and providing equity to economically weaker sections, reserved categories, and special demographic groups. Scholarships and aid are administered through three primary channels:

• Institutional & Internal Concessions: Direct tuition fee waivers, merit-based grants, and special demographic relaxations funded or administered by the institute.

• Government Welfare Schemes: State and Central Government scholarships made available to candidates belonging to domiciled reserved categories, economically backward classes, and minority communities.

• Banking & External Financial Support: Institutional tie-ups and assistance for educational loan processing with leading public and private sector banks.

Types of Scholarships & Eligibility Criteria

Merit-Based Scholarships

Merit scholarships are designed to attract high-achieving candidates and reward sustained academic distinction.

• Entrance Exam Performance: Tuition fee concessions may be awarded to applicants who secure high percentiles in national management entrance examinations such as CAT, MAT, CMAT, or XAT.

• Academic Consistency: Candidates maintaining exceptional academic records throughout Class 10, Class 12, and their qualifying Bachelor’s degree (typically securing an aggregate score of 80% or above) are eligible for internal merit concessions.

• Post-Admission Performance Grants: High performers in the first year of the MBA program (e.g., candidates obtaining a top CGPA in Semesters 1 and 2) can qualify for academic excellence awards or tuition waivers applicable toward their second-year fees.

Need-Based & Economically Weaker Section (EWS) Concessions

Financial aid is extended to students whose gross annual household income falls below prescribed state thresholds:

• Tuition Fee Waiver (TFW) Scheme: Implemented under AICTE guidelines for approved intake seats, providing up to a 100% tuition fee waiver for eligible candidates whose combined family income from all sources does not exceed INR 8.00 Lakhs per annum.

• Economically Weaker Section (EWS) Support: Partial tuition fee relaxations are granted to deserving candidates who produce a valid income certificate issued by a competent authority.

Government & Category-Specific Welfare Schemes

Students belonging to reserved categories or specific state-sponsored initiatives can leverage government schemes facilitated through the institute's administrative desk:

• Post-Matric Scholarship Scheme (Haryana State Domicile): Available for candidates belonging to Scheduled Castes (SC), Scheduled Tribes (ST), and Backward Classes (BC) domiciled in Haryana. Eligible SC/ST students with parental annual income under INR 2.50 Lakhs per annum can claim substantial tuition fee reimbursements and maintenance allowances.

• Central Sector Scholarship Schemes: Accessible via the National Scholarship Portal (NSP) for meritorious students belonging to minority communities, single girl children, and differently-abled (PwD) candidates.

• Haryana State Higher Education Concessions: Fee concessions governed by Maharshi Dayanand University (MDU Rohtak) and Haryana State Fee Committee norms for eligible local residents.

Special Demographic & Diversity Concessions

To foster campus diversity and encourage social empowerment, special fee waivers are offered:

• Women Achievers Concession: Targeted fee relaxations or corporate-sponsored grants for female management candidates to promote female leadership in business education.

• Sports & Extracurricular Concessions: Partial fee waivers granted to students who have represented state or national teams in recognized sports competitions.

Application Process for Financial Aid

Securing financial aid or a scholarship at IMT Faridabad involves a systematic verification process to ensure transparency and equitable distribution of funds:

Step 1: Verification & Form Submission

• When to Apply: Candidates must indicate their intention to apply for scholarships or fee waivers at the time of initial MBA application submission or immediately upon securing final admission seat confirmation.

• Application Portal: Government scholarship applicants must register on the National Scholarship Portal (NSP) or the Haryana State Centralized Scholarship Portal. Institutional fee waiver forms are available directly at the campus accounts or student welfare desk.

Step 2: Document Verification

Applicants must submit physical and digital copies of required supporting documents to the Institute Scholarship Committee for internal validation.

Step 3: Committee Evaluation & Verification

The internal scholarship committee reviews academic records, verifies official income documentation with government databases, and interviews applicants (if required for need-based grants) before sanctioning fee concessions.

Required Documentation

Candidates seeking scholarships or fee concessions must provide self-attested copies of the following documents alongside their application:

• Income Certificate: Valid, official parental/family income certificate issued by a competent revenue officer (such as a Tehsildar, Sub-Divisional Magistrate, or District Collector) issued within the valid financial timeframe.

• Academic Transcripts: Class 10 Marksheet, Class 12 Marksheet, and all semester-wise Marksheets/Degree Certificates of the qualifying Bachelor’s degree.

• Entrance Examination Scorecard: Official rank/percentile card for CAT, MAT, CMAT, or XAT.

• Category Certificate: Valid SC, ST, BC, EWS, or PwD certificate issued by the competent Haryana state government authority (for category-based fee concessions).

• Domicile / Residence Certificate: Haryana Domicile Certificate (mandatory for state-sponsored post-matric scholarship schemes).

• Identity & Bank Details: Aadhaar Card copy along with candidate's active bank passbook details (Aadhaar-linked account copy for direct benefit transfer of government funds).

• Affidavits: Anti-ragging affidavits and gap year affidavit (if applicable on non-judicial stamp paper).

Educational Loan & Bank Tie-up Options

For candidates needing loan facilities to finance their MBA program, IMT Faridabad provides full administrative assistance:

• Institutional Letter Support: The institute issues official Fee Structure Certificates, Bonafide Student Certificates, and Admission Letters required by banks for sanctioning education loans.

• Nationalized & Private Bank Approvals: Because the program is AICTE-approved and MDU Rohtak-affiliated, major public sector banks (such as State Bank of India, Punjab National Bank, and Canara Bank) and private lenders approve collateral-free or low-interest education loans under standard government loan schemes.

• Flexible Semester Payment Schedule: Tuition fees can be paid in scheduled semester installments to align with loan disbursement timelines set by financial institutions.

Frequently Asked Questions (FAQs)

Q1: Can a student avail of multiple scholarships simultaneously at IMT Faridabad?

No, as a standard policy across institutional and government frameworks, a candidate can benefit from only one major scholarship or tuition fee waiver scheme at a time. If eligible for multiple schemes, the student may choose the one that provides the maximum financial benefit.

Q2: What is the maximum annual family income limit to qualify for the AICTE Tuition Fee Waiver (TFW) scheme?

To qualify for the AICTE Tuition Fee Waiver (TFW) scheme, the combined annual gross income of the candidate's parents from all sources must not exceed INR 8.00 Lakhs per annum, verified via an official income certificate.

Q3: Are government scholarships available for out-of-state MBA candidates at IMT Faridabad?

Central government scholarships available via the National Scholarship Portal (NSP) are open to eligible candidates across India. However, state-specific post-matric scholarships for SC/ST/BC categories are strictly governed by the candidate's home state domicile regulations.

Q4: Does the tuition fee waiver cover hostel, mess, and exam fees?

No, tuition fee waiver (TFW) schemes and merit-based tuition concessions cover only the core tuition fee component of the overall fee structure. Other expenses such as examination fees, university registration charges, library security deposits, and hostel/mess charges (if applicable) must be borne directly by the candidate.

Q5: How are government scholarship amounts disbursed to selected MBA candidates?

Government scholarships (such as the SC/ST Post-Matric Scholarship or NSP initiatives) are disbursed directly into the student's verified, Aadhaar-linked personal bank account via Direct Benefit Transfer (DBT) or adjusted against institute tuition dues as per Haryana state government directives.