6.1. Fee details
The total fee of the program for the batch of 2023-25 is Rs 18,90,000 excluding a refundable caution deposit of Rs 50,000.
6.2. Mode of Payment
The offer acceptance and term fees for all the terms have to be paid online. A payment link will be shared with the candidates for the same.
6.3. Education Loan
Several banks offer education loans to support candidates’ education at IIM Nagpur. While many students raise the loan after joining the programme, we strongly encourage candidates to finalize the loan arrangements soon after receiving the admission offer letter.
IIM Nagpur Scholarship
With the aim to encourage meritorious students and the students from economically weaker backgrounds to pursue PGP (Full Time) programme at IIM Nagpur, the institute has initiated two types of scholarships:
- IIM Nagpur Merit Scholarship – for candidates securing 95%ile or above in CAT.
- IIM Nagpur Need-cum-Merit Scholarship – for candidates with family income less than Rs 5 lakhs
The institute will be awarding scholarships to 20 students (10 merit and 10 Need cum merit Scholarships). The application process will be during first year and through internal process.
Candidates selected for the scholarship will receive a complete waiver for the tuition fee for the two-year programme. The scholarship policy will be released once the academic year begins.
IIM Nagpur will facilitate the processing of several scholarships awarded by the Government of India and various state governments. Some of the scholarships are as follows:
- • Merit Cum Means Scholarship for Professional and Technical Courses
o Scholarships for Top Class Education for students with disabilities
o Top Class Education Scheme for SC Students
o National Fellowship and Scholarship for Higher Education of ST Students – Scholarship (Formally Top-Class Education for Schedule Tribe Students) – only for scholarships
- Chief Minister Fellowship Yojana (CMFY) – Jharkhand
- Rajarshi Shahu Maharaj Merit Scholarship to SC students – Maharashtra
The Institute also facilitates scholarships awarded by corporates and private organizations.
Details of the scholarships given by the Institute will be updated shortly.