Fees, Financial Aid & Scholarship

Fees, Financial Aid & Scholarship
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Fees, Financial Aid & Scholarship

6.1. Fee details
The total fee of the program for the batch of 2022-24 is Rs.18,00,000, and the fee payable at the time of acceptance of the admission offer is Rs 75,000** .

**This amount will be adjusted towards the Total fee for Term I due at the time of programme registration.

Please click here to download the fee structure.

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.

Bank Name Details
Bank of Baroda Click Here
Bank of India Click Here
Central Bank of India Click Here
State Bank of India Click Here
Union Bank of India Click Here
Canara Bank Click Here
Bank Name Details
Indian Overseas Bank Click Here
Panjab National Bank Click Here
Bank of Maharashtra Click Here
Axis Bank Click Here
ICICI Bank Click Here


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 2 different 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 lakh

The institute will be awarding scholarships to 20 students (10 students in each category).
Candidates selected for the scholarship will receive a complete waiver for the tuition fee for the two-year programme. This policy is applicable from the 2022-24 batch.

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.

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