Are there any scholarships for MBA courses in India for poor students?
Author: Vandana Post Date: 29 Jul 2023 
Yes, of course! There are scholarships offered by the Central and State Govts., NGOs, and private sector firms for various educational programs, including an MBA. In fact, let me quickly tell you about an ongoing scholarship scheme. If you hurry, you can apply for the scholarship offered by the IDFC First Bank which launched a scholarship scheme for needy students who wish to get admission to a highly reputed management institute to pursue a management program, including for an MBA course. And you really need to hurry, as the closing date to apply is just two days away- 31st July 2023.
The IDFC First Bank Scholarship, which is one of their Corporate Social Responsibility (CSR) initiatives, is for students of low-income families who are keen to pursue an MBA program or any Postgraduate program in Business or its equivalent in India. There are a total of 350 scholarships available for disbursement.
The Scholarship Amount: Rs. 2,00,000 for a 2-year full time MBA program. That is, the scholarship awarded is Rs. 1 lakh per annum, based on specific terms and conditions. You need to pass the first year of the course to be eligible to receive the scholarship amount for the second year as well. The amount will cover the tuition fees of your course, but will not be given to you directly. Instead, it will be credited into the account of the college/institution where you have got admission.
Know if you are eligible: You should be an Indian national residing in India with a valid mobile number linked to your Aadhar card.
Age criterion: You should not be above 35 years of age as of the date of application.
Family income criterion: The gross annual family income from all sources should be less than or equal to Rs.6 lakhs p.a.
Admission criterion: You should be enrolled in the first year of the 2-year MBA program or equivalent in the batch of the 2023 academic session in any of these colleges- https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/csr-activities/MBA-Colleges-2023.pdf
Some of the prestigious colleges, universities, and management institutes in the list include the IIMs, BIMTECH Noida, the University of Calcutta, the ICFAI Business School - Bangalore, JBIMS Mumbai, Chennai Mathematical Institute, the International School of Business and Media, Pune, XLRI Jamshedpur, etc.
Note that if the college that you are enrolled in is not mentioned in the list, then you cannot apply for the scholarship.
Important to know: Employees of IDFC FIRST Bank and their children are not eligible to apply for this scholarship. Students enrolled in a previous batch are not eligible to apply, and if you are enrolled in an MBA distance education program, you cannot apply as the scholarship is only for full-time MBA programs. If you have taken up a 1-year executive program, an integrated MBA program, or any MBA program, then you should not apply.
Don't forget to keep scanned and ready these documents that you must upload at the time of filling in the online application form-
Contact details: You can communicate with the CSR team of IDFC First Bank for any queries about the scholarship through the pre-log-in page of the scholarship application via the 'Email Us' link that will lead you to the user form, and you should get a response within three working days.
Want to confirm the details? Do so @ the official scholarship portal
General note when applying for an MBA scholarship: You need to check if the scholarship award covers the full tuition fee and if it includes other fees, such as hostel accommodation, exam fees, etc.
Yes, of course! There are scholarships offered by the Central and State Govts., NGOs, and private sector firms for various educational programs, including an MBA. In fact, let me quickly tell you about an ongoing scholarship scheme. If you hurry, you can apply for the scholarship offered by the IDFC First Bank which launched a scholarship scheme for needy students who wish to get admission to a highly reputed management institute to pursue a management program, including for an MBA course. And you really need to hurry, as the closing date to apply is just two days away- 31st July 2023.
The IDFC First Bank Scholarship, which is one of their Corporate Social Responsibility (CSR) initiatives, is for students of low-income families who are keen to pursue an MBA program or any Postgraduate program in Business or its equivalent in India. There are a total of 350 scholarships available for disbursement.
The Scholarship Amount: Rs. 2,00,000 for a 2-year full time MBA program. That is, the scholarship awarded is Rs. 1 lakh per annum, based on specific terms and conditions. You need to pass the first year of the course to be eligible to receive the scholarship amount for the second year as well. The amount will cover the tuition fees of your course, but will not be given to you directly. Instead, it will be credited into the account of the college/institution where you have got admission.
Know if you are eligible: You should be an Indian national residing in India with a valid mobile number linked to your Aadhar card.
Age criterion: You should not be above 35 years of age as of the date of application.
Family income criterion: The gross annual family income from all sources should be less than or equal to Rs.6 lakhs p.a.
Admission criterion: You should be enrolled in the first year of the 2-year MBA program or equivalent in the batch of the 2023 academic session in any of these colleges- https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/csr-activities/MBA-Colleges-2023.pdf
Some of the prestigious colleges, universities, and management institutes in the list include the IIMs, BIMTECH Noida, the University of Calcutta, the ICFAI Business School - Bangalore, JBIMS Mumbai, Chennai Mathematical Institute, the International School of Business and Media, Pune, XLRI Jamshedpur, etc.
Note that if the college that you are enrolled in is not mentioned in the list, then you cannot apply for the scholarship.
Important to know: Employees of IDFC FIRST Bank and their children are not eligible to apply for this scholarship. Students enrolled in a previous batch are not eligible to apply, and if you are enrolled in an MBA distance education program, you cannot apply as the scholarship is only for full-time MBA programs. If you have taken up a 1-year executive program, an integrated MBA program, or any MBA program, then you should not apply.
Application procedure
You must submit your application only at https://firstimpactplatform.idfcfirstbank.com/sch/index but do read the Terms and Conditions before applying. There is no application fee.Don't forget to keep scanned and ready these documents that you must upload at the time of filling in the online application form-
- The admission letter with the name of the college/institution, the year of admission year and the batch
- A copy of the fee receipt
- A copy of the Graduation mark sheet or the passing certificate
- The Income certificate - this should be issued by a Govt. authority or by the relevant Govt. authority. If this is not available, then a copy of Income Tax Returns (Form 16A) or a copy of the salary slip is also acceptable.
- Disability Certificate if applicable
- Sanctioned Loan Letter if applicable
- Death Certificate, in case there is a death of the sole earning member of the immediate family if applicable
- Document of any other scholarships received for pursuing an MBA if applicable
Contact details: You can communicate with the CSR team of IDFC First Bank for any queries about the scholarship through the pre-log-in page of the scholarship application via the 'Email Us' link that will lead you to the user form, and you should get a response within three working days.
Want to confirm the details? Do so @ the official scholarship portal
General note when applying for an MBA scholarship: You need to check if the scholarship award covers the full tuition fee and if it includes other fees, such as hostel accommodation, exam fees, etc.
Author: Hakimuddin Kuwakhedawala Post Date: 02 Aug 2023
Some popular scholarships for MBA courses in India for poor students are as below:
To avail of these scholarships, eligible students usually have to fulfil certain criteria related to family income, academic performance, and other factors specified by the scholarship provider.
Introduction
There are several scholarships available for MBA courses in India specifically aimed at financially disadvantaged or economically weaker students. These scholarships are offered by various government bodies, private organizations, and educational institutions to provide financial assistance and promote higher education among deserving candidates. However, scholarship availability and criteria may change over time, so it is essential to verify the current offerings.Some popular scholarships for MBA courses in India for poor students are as below:
Central Sector Scheme of National Overseas Scholarship
This scholarship is offered by the Ministry of Social Justice & Empowerment, Government of India, and it supports students from Scheduled Castes (SC), Denotified Nomadic and Semi-Nomadic Tribes (DNTs), and Other Backward Classes (OBC) categories to pursue higher education abroad, including MBA.National Fellowship and Scholarship for Higher Education of ST Students
This scholarship is provided by the Ministry of Tribal Affairs, Government of India, to assist Scheduled Tribe (ST) students pursuing higher education, including MBA, in India.Prime Minister's Scholarship Scheme for Central Armed Police Forces and Assam Rifles
This scholarship scheme is for the wards of personnel of Central Armed Police Forces (CAPFs) and Assam Rifles to pursue professional courses, including MBA.State-Specific Scholarships
Many states in India offer their own scholarships and financial aid programs for students belonging to economically weaker sections. These scholarships vary from state to state.Educational Institutions' Scholarships
Several universities and MBA colleges in India offer scholarships and fee waivers to students based on their merit or financial need. You have to rank in the list of merit for this scholarship.To avail of these scholarships, eligible students usually have to fulfil certain criteria related to family income, academic performance, and other factors specified by the scholarship provider.
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