LNMCBM, Muzaffarpur offers a variety of institutional merit-based scholarships, memorial awards, and government-backed financial aid programs to support deserving and economically disadvantaged students.
Institutional & Memorial Merit Scholarships
Madan Mohan Jha Memorial Merit Scholarship: Awarded in honor of Late Madan Mohan Jha (Former Principal Secretary, Education Department, Govt. of Bihar). This scholarship of Rs.24,000 has been given since 2008 to top-performing students admitted to the MBA program with the highest MAT scores.
Veena Mishra Medha Chhatravriti: Established to honor late Veena Mishra, this scholarship awards Rs.25,000 each to top-performing female students who secure the highest marks in their final semester of the BBA and BCA courses, supporting their progression to higher studies.
MAT-based Entrance Scholarships: Special tuition fee support or recognition grants are occasionally structured for candidates entering management programs with exceptionally high national test scores.
Government & Category-Based Scholarships
State Government & Minority Scholarships: Students belonging to reserved categories (SC, ST, BC, EBC) as well as minority groups are eligible for financial scholarships provided by the Government of Bihar and the Bihar State Minorities Corporation per state regulatory frameworks.
National Scholarship Portal (NSP): Eligible students can apply for central and post-matric scholarship schemes through the national digital portals.
Financial Aid & Education Loans
Bihar Student Credit Card Scheme: The institution actively facilitates the state government's student credit card program, allowing eligible students to secure low-interest financial backing for tuition and academic expenses.
Banking Partnerships: LNMCBM houses an in-house/on-campus extension and tie-up with nationalized banks (such as UCO Bank and State Bank of India branches) to fast-track hassle-free educational loans for enrolled students.
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