Fees, Financial Aid & Scholarship

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

The total fee for PGP 2020-22 is Rs 13,75,000. The fee payable at the time of acceptance of admission offer is Rs 50,000.*

DETAILS TERM-1 TERM-2 TERM-3
Tuition Fee INR 1,70,000 INR 1,70,000 INR 1,70,000
Hostel & Facility** INR 35,000 INR 35,000 INR 35,000
Academic Support INR 19,000 INR 19,000 INR 19,500
Welfare INR 15,000
Caution Deposit*** INR 10,000
Total Fee INR 2,49,000 INR 2,24,000 INR 2,24,500
Less admission offer acceptance fee INR -50,000 Nil Nil
Total Payment due INR 1,99,000 INR 2,24,000 INR 2,24,500
Due date for payment As per admission offer
letter
On the day of the registration for the term On the day of the registration for the term
DETAILS TERM-4 TERM-5 TERM-6
Tuition Fee INR 1,70,000 INR 1,70,000 INR 1,70,000
Hostel & Facility** INR 35,000 INR 35,000 INR 35,000
Academic Support INR 19,000 INR 19,000 INR 19,500
Welfare INR 15,000
Total Payment due INR 2,39,000 INR 2,24,000 INR 2,24,500
Due date for payment On the day of the registration for the term On the day of the registration for the term On the day of the registration for the term

Total fee for PGP 2020-22 INR 13,75,000.

* This amount will be adjusted towards the total fee for Term 1 due at the time of the registration for the programme.
** Does not include mess/food charges.
*** Refundable at the time of student leaving the institute.

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
Canara Bank Click Here

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

File Info:581KB pdf
Union Bank of India Click Here

File Info:33KB pdf
Bank of Maharashtra Click Here

File Info:333KB pdf
IDBI Bank Click Here

File Info:413KB pdf
Bank Name File Information
Punjab National Bank Click Here

File Info:611KB pdf
Axis Bank Click Here

File Info:247KB pdf
Bank of India Click Here

File Info:1MB pdf
State Bank of India Click Here

File Info:108KB pdf
Indian Bank Click Here

File Info:47KB 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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