Fees, Financial Aid & Scholarship

Fees, Financial Aid & Scholarship
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Admissions 2020-22 Update: Deadline for submitting PGP 2020-22 application form extended till 23rd March 2020, 5:00 pm.  |  Admissions 2020-22 Update: Shortlist released for Stage 2  |  Admissions 2020-22 Update: Change of category from General to EWS  |  Admissions 2020-22: Click here to view the revised process and timeline.  |  Applications are invited for Faculty Positions in all Areas. Candidates belonging to SC/ST/SEBC/EWS are especially encouraged to apply. Click Here for Details.

Fees, Financial Aid & Scholarship

The total fee of the program for the batch of 2020-22 is Rs. 13,75,0003 and fee payable at the time of acceptance of admission offer is
3Tentative fees
4This amount will be adjusted towards the total fee for Term I due at the time of programme registration.

Mode of Payment
The mode of payment of fee is wire transfer. Wire transfer details are as follows:

Table: IIMN Bank details

Particulars Details
Beneficiary Name Indian Institute of Management Nagpur
Type of Account Savings
Bank Account Number 3124101005686
Name of the Bank Canara Bank
Branch Name and Address VNIT Campus, Nagpur
IFSC Code CNRB0003124

Special Need-Based Scholarship (SNBS)

IIM Nagpur would like to ensure that financial inability should not be an impediment for an individual who is admitted to pursue its PGP programme. In this regard, the Institute provides Special Need-Based Scholarships (SNBS) with the provision of a fee waiver to eligible students. The eligibility of the students 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 a number of scholarships which are 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.

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 you receive 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 2019-21 batch are as follows. The final list of banks will be updated shortly.

Bank Name File Information
Axis Bank Click Here

File Info:625KB pdf
Canara Bank Click Here

File Info:218KB pdf
Central Bank of India Click Here

File Info:95.2KB pdf
Bank of India Click Here

File Info:115KB pdf
Bank of Baroda Click Here

File Info:435KB pdf
Bank Name File Information
Punjab National Bank Click Here

File Info:611KB pdf
State Bank of India Click Here

File Info:277KB pdf
Union Bank of India Click Here

File Info:1.59MB pdf
Bank of Maharashtra Click Here

File Info:46.7KB pdf
UCO Bank Click Here

File Info:601KB pdf

You may have a chance to interact with representatives of some of these banks at the time of the registration. 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.

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