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:
- Apply to multiple banks for education loan,
- Access collateral-free and guarantor-free education loans,
- Benefit of interest subsidies available to eligible students as per scheme guidelines accessible at
https://www.education.gov.in/sites/upload_files/mhrd/files/document-reports/PM_Vidyalaxmi_Scheme_Guidelines.pdf - To address queries raised by the students, there is a dedicated Toll-free number 1800-1031.
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:
- Central Sector Scholarship Scheme of Top-Class Education for Scheduled Castes Students – Ministry of Social Justice and Empowerment:
For details visit: https://socialjustice.gov.in - National Fellowship and Scholarship for Higher Education of ST Students – Ministry of Tribal Affairs.
For details visit: https://tribal.nic.in/ScholarshiP.aspx - PM Yasasvi Central Sector Scheme of Top Class Education In College For OBC, EBC And DNT Students.
For details Visit: https://socialjustice.gov.in/schemes/110
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:
- Dr. Panjabrao Deshmukh Sarathi Higher Education Domestic Scholarship Scheme
For details visit: https://sarthi-maharashtragov.in/announcement/dr-punjabrao-deshmukh—sarathi-higher-education-domestic-scholarship-2024-25 - Rajarshi Shahu Maharaj Scholarship to provide higher education to 100 SC students of the state in reputed educational institutes of the country
For details visit: https://sjsa.maharashtra.gov.in/scheme/rajarshi-shahu-maharaj-scholarship-to-provide-higher-education-to-100-sc-students-of-the-state-in-reputed-educational-institutes-of-the-country/ - All Scholarships details of State Government are available on MahaDBT Portal
https://testdbtapp.mahaitgov.in/Login/Login
7.2.4 Other State Government Scholarships:
- Gujarat State SC Scholarships: SC Post Metric Scholarships
https://www.digitalgujarat.gov.in/loginapp/CitizenLogin.aspx - Odisha State Scholarships: Krishi Vidya Nidhi Yojana
https://scholarship.odisha.gov.in/website/home - BC, MBC & DNC Scholarship Scheme of Government of Tamil Nadu (Offline process)
- Bihar Credit Card Scheme (Offline process)
- West Bengal Student Credit Card scheme (Offline process)
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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