Scholarships for MBA Students in India: Complete List 2026

Published On - Dec 04, 2025 04:19PM IST

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Are you considering doing an MBA in India but are worried by the expensive fees? You are not alone. It’s a common situation. MBA is the most common career path for a business leader, but the financial challenge is sometimes difficult to overcome. This is where the MBA scholarships come in, which decreases the aspect of the money problem and celebrates the work and potential of the students.

It does not matter if it is a government program designed to provide funds to the underprivileged and reserved categories or a private scholarship rewarding merit and leadership qualities; these possibilities mean the world to some people. Also, several leading B-schools, including top IIMs and private institutes, have their scholarship and stipend programs to support you. Besides the prestigious BML Munjal Scholarship, there are various Merit Cum Means benefits as well, and the 2025-26 season has a wonderful selection of MBA scholarships to assist you in accomplishing your dream. Let’s know how you can get one.

Eligibility Criteria to Apply for MBA Scholarships in India

If you want an MBA scholarship in India, then it is important to check the eligibility factors that need to be kept in mind, which are normally divided into four categories, including:

Academic Requirements

Usually, you are required to have a bachelor's degree from a recognised university to be eligible.
Besides, you will have to get a good average during your bachelor's studies and even your 10+2 can definitely open the door for you.
Most merit-based scholarship programs pay the most attention to the scores obtained in entrance exams such as CAT, XAT, or GMAT.
Moreover, the accomplishments outside the school such as participation in contests, leadership positions, or co-curricular activities, may be considered as ‍‌‍‍‌well.

Financial‍‌‍‍‌ Criteria

Need-based scholarships generally require a family’s yearly income to be lower than a certain threshold, which is normally set between INR 2 lakh and INR 6 lakh.
Along with this, you are required to bring official income certificates or some other legitimate proof to confirm your financial status.

Citizenship and Residency

Most scholarships limit the applicants to be Indian citizens only.
You should either have been admitted to or be applying for a management course at a recognized institute in India.

Other Common Conditions

Government scholarships sometimes stipulate that candidates should be younger than 30 years.
Different factors, such as gender, region, or minority status may be used to give you preference.
Besides that, you might be asked to write some essays stating your career goals.
Also, letters of recommendation from your previous professors or institutions can be a great support to your ‍‌‍‍‌application.

Let’s understand the various government and private scholarships available to MBA students in India.

Government MBA Scholarships

Obtaining an MBA can be quite expensive. However, there are numerous government scholarships available within India for students who truly deserve financial support. These scholarships can be a good option for you if you are a university rank holder, have an excellent academic record, or belong to a minority community. These scholarships can save you the hassle of worrying about funding your studies, so you can focus on studying and your professional career. As described in the table below, the main government-funded MBA scholarships, amounts, and eligibility criteria to assist you in finding the appropriate support for your education are as follows:

Name of Scholarship	Amount Given	Eligibility
Post Graduate Merit Scholarship for University Rank Holders (UGC)	INR 37,200 per annum	First & second rank holders at UG level admitted to any PG course
Pradhan Mantri Uchchatar Shiksha Protsahan (PM-USP)	INR 12,000 per annum (Graduation, 1st–3rd year); INR 20,000 per annum (Postgraduation and professional courses)	Above 80th percentile in Class 12; pursuing regular degree at AICTE/recognized college; family income ≤ INR 4.5 lakh; 50% marks yearly; 75% attendance; Aadhaar-linked bank account
Merit cum Means Scholarship for Minority Communities	Varies (based on course, family income ≤ INR 2.5 lakh)	Minority community; studying a technical/professional college/university course; minimum 50% marks in the last exam
National Scholarship Scheme (Minority)	Varies (family income ≤ INR 2.5 lakh)	Minority community; technical/professional course; minimum 50% marks; qualified via exam or direct entry

Private MBA Scholarships

An MBA is a major investment, but a handful of high-profile scholarships can take the load off the pockets of students. These include merit-based awards at BML Munjal University and corporate-supported scholarships such as those from the Aditya Birla Group. Essentially, these programs reward academic excellence and leadership potential.

Irrespective of whether you have top percentile scores in entrance exams or belong to certain social categories, government and private scholarships are still available to you. They can give you financial assistance of such magnitude that tuition and even hostel fees can be fully covered. Through this table, learn about leading private MBA scholarships in India along with their financial benefits and eligibility criteria so that you can obtain funding and devote your time to reaching your career goals in ‍‌‍‍‌management.

Name of Scholarship	Amount Given	Eligibility
BML Munjal Scholarship	10% to 100% of the Tuition Fee based on the percentile	Merit-based on CAT/XAT/GMAT/GRE percentile; scholarships are limited and awarded on a first-come, first-served basis
Aditya Birla Group Scholarship	INR 3,00,000 p.a. (IIMs/XLRI); INR 1,50,000 p.a. (IITs/BITS Pilani)	Students enrolled at IIMs, XLRI, IITs (specific campuses), and BITS Pilani campuses
IIM Bangalore MBA Scholarships	OPJEMS: INR 1,50,000 (merit-based, 2nd-year PGP students) + 1 scholarship via OP Jindal Group online test	Top 10 second-year PGP students at IIM Bangalore by academic performance; OP Jindal test winner
NTPC Scholarship Scheme	INR 48,000 per year	SC/ST/PwD category students in the 2nd year of management studies, who passed the 1st year exam in one attempt.

How To Apply For MBA Scholarships In India?

Now that we have gained an insight into various MBA scholarships in India, here are some simple steps for simplifying your process of applying for the offered MBA scholarships:

Step 1: Initially,‍‌‍‍‌ determine what scholarships fit your qualifications and financial situation. It would then be a good idea to check such details as the academic requirements and the maximum allowed income to be quite sure that you meet the criteria.

Step 2: After that, collect the necessary documents such as your educational certificates, proof of your income, and recommendation letters. Make sure that you resort to the most trustworthy sources only, like the official websites and the university portals for your ‍‌‍‍‌scholarship.

Step 3: Proceed with filling out the application forms with the correct information and attaching the necessary files. Also, it is very important that you send your applications far enough in advance of the closing date.

Step 4: Upon departing, the status of your request should be closely followed and you must be ready to supply additional information if it is needed without delay. Besides that, getting ready for an interview by answering some likely questions is a good idea if you think you will be called to an interview.

Step 5: In the end, aside from checking the scholarship conditions for the following years, make sure you understand the obligations that you will have to fulfill.

Required Documents For MBA Scholarship

When you are looking for an MBA scholarship in India, you must provide the following documents, which are:

A recent passport-size photo of yourself.
A scan of both sides of your Aadhar card.
The first page of the bank passbook.
Your Permanent Residential Certificate.
Scanned 10th, 12th, and Graduation mark sheets.
Caste certificate signed by the Officer in charge of the Revenue.
Birth certificate signed by the Officer in charge of the Revenue.
Parents' income ‍‌‍‍‌certificate.

List of Top B-Schools with MBA Scholarship Programs

Rank	College Name
1	Indian Institute of Management Ahmedabad (IIM Ahmedabad)
2	Indian Institute of Management Bangalore (IIM Bangalore)
3	Indian Institute of Management Calcutta (IIM Calcutta)
4	Indian Institute of Management Lucknow (IIM Lucknow)
5	Xavier School of Management (XLRI), Jamshedpur
6	Faculty of Management Studies (FMS), Delhi University
7	Management Development Institute (MDI), Gurgaon
8	Indian School of Business (ISB), Hyderabad
9	Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
10	Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

Conclusion

To‍‌‍‍‌ sum up, a variety of government and private scholarships can make an MBA colleges in India quite affordable. These scholarships mainly recognize academic excellence, leadership, and financial need. If you are a top-ranked holder, a member of a minority community, or have great entrance exam scores, there are countless scholarship options available to you so that you can be supported financially and be able to concentrate on your career goals. By knowing the requirements, having your documents ready, and applying with intention, you can obtain these aids which will make your MBA journey less challenging and more fulfilling. Keep in mind that scholarships are not only instruments that lessen your financial burden; they also recognize your diligence and potential which in turn help you to create a brighter future in the field of ‍‌‍‍‌management.