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 2025-27 is Rs.21,00,0004 , and the fee payable at the time of acceptance of the admission offer is Rs 1,00,0005 .

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
Canara Bank Click Here
Central Bank Of India Click Here
ICICI Bank Click Here
IDBI Bank Click Here
Bank Name Details
Indian Overseas Bank Click Here
Punjab National Bank Click Here
State Bank of India Click Here
Union Bank of India Click Here

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

4 Tentative fees

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

Financial Aid and Student Loans:

The PM-Vidyalaxmi Scheme, a Government of India initiative offering collateral-free and guarantor-free education loans is available for all meritorious students who are getting admission in our Institution and who are desirous of availing education loans to pursue higher education. You can visit the portal https://pmvidyalaxmi.co.in/

The portal does not charge any amount from the applicant. Through the portal, you can:

7. SCHOLARSHIPS

The following Scholarships are available to MBA students:

7.1. IIM Nagpur Scholarships:
With the aim to encourage meritorious students and the students from economically weaker backgrounds to pursue MBA (2 Years – Full Time) programme at IIM Nagpur, the institute has initiated two types of scholarships:

  • IIM Nagpur Merit Scholarship – for top ten scorer candidates securing 95%ile or above in CAT.
  • IIM Nagpur Need-cum-Merit Scholarship – for candidates with family income less than Rs 8 lakhs

The institute will be awarding scholarships to 20 students (10 Merit and 10 Need cum Merit Scholarships). The application process will begin during the first year and through an 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.

7.2 Additional Scholarships:

7.2.1 K S Cheema Group and IIM Nagpur partnered to offer scholarships to Need Cum Merit scholarships to student of 2-year-Full Time MBA Program for the year 2024-25 will receive a total scholarship amount of Rs.10 Lakhs for 2 year.
(Eligibility Criteria was same of IIM Nagpur’s Need-cum-Merit Scholarship)

7.2.2 Government of India Scholarships:

Note:
– For complete details regarding each Scholarship scheme, please refer to the respective scheme guidelines available on the National Scholarship portal (NSP) – https://scholarships.gov.in/.
– The Nature of the scholarships & offered under various schemes can vary.

7.2.3 Government of Maharashtra Scholarships:

7.2.4 Other State Government Scholarships:

In addition to the scholarships mentioned above, IIM Nagpur encourages students to explore other scholarships offered by central, state, and private organizations. Below is a list of some of scholarships that have been applied / availed by the students of IIM Nagpur in the past:

  • Federal Bank Hormis Memorial Foundation Scholarships
  • IDFC First Bank Scholarship
  • ONGC Foundation Scholarships for SC, ST, OBC and General Category
  • TATA STEEL MILLENNIUM SCHOLARSHIPS

Notes:
– All or any dispute/s or differences arising out of admission process/ procedure, withdrawal, admission policy, admission cancellation procedure, cancellation policies, refund policies shall be subject to the exclusive jurisdiction of Courts/ Forums/Commission at Nagpur alone.
– Any dispute concerning admissions to the MBA Batch of 2025-27 would be subject to the jurisdiction of the competent courts within the territorial jurisdiction of the city of Nagpur, Maharashtra only.
– IIM Nagpur is established as an autonomous institute sets its own policies and governed by IIM Act 2017.

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