Fees, Financial Aid & Scholarship

Fees, Financial Aid & Scholarship
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IIM Nagpur launches MBA for Working Professionals at Pune Campus . Classes to be conducted on Saturday evenings and Sundays.

Fees, Financial Aid & Scholarship

Fee details
The total fee of the program for the batch of 2021-23 is Rs. 13,75,000§, and the fee payable at the time of acceptance of the admission offer is Rs 75,000**

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

Mode of Payment
The payment of the offer acceptance fee and the Term Fee for all the terms have to be done online.

Education Loan
Several banks offer education loans to support your education at IIM Nagpur. While many students raise the loan after joining the programme, we would strongly encourage you to finalize the loan arrangements soon after receiving the admission offer letter. Please contact the bank branch nearest to you to inquire about these loans.

Some banks that have made the student loans available for the 2021-23 batch are as follows. The final list of banks will be updated shortly.

Bank Name
Bank of Baroda
Bank of India
Bank of Maharashtra
State Bank of India
Bank Name
Axis Bank
Canara Bank
Central Bank of India
Union Bank of India

You may have a chance to interact with representatives of some of these banks at the registration time. Please note that all loan arrangements are purely between the student and the awarding bank. IIM Nagpur does not associate itself with any such arrangements beyond providing fee details and certifying bonafides of the student.

Special Need-Based Scholarship (SNBS)
IIM Nagpur would like to ensure that financial inability should not impede an individual admitted to pursue its PGP programme. In this regard, the institute provides Special Need-Based Scholarships (SNBS) to provide a fee waiver to eligible students. The students’ eligibility for the scholarship is determined by their credit status and their annual family income. The amount they receive as part of this scholarship will be determined by their annual family income and the value of the movable and immovable assets belonging to the family.

IIM Nagpur will also facilitate several scholarships awarded by the Government of India and various state governments. Some of them are as follows:

  • Merit Cum Means Scholarship for Professional and Technical Courses
  • Scholarships for Top Class Education for students with disabilities
  • Top Class Education Scheme for SC Students
  • 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.

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Note: This information is for batch 2021-23 only