Fees, Financial Aid & Scholarship

Fees, Financial Aid & Scholarship
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Admissions 2020-22: PI Shortlist: Deadline to confirm PI attendance is now 5th April 2020 11 AM IST.  |  Admissions 2020-22: PI Shortlist Released  |  Admissions 2020-22: Click here to view changes in the admissions process.  |  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 for the overseas students for the PGP batch of 2020-22 for two years is as follows:

  • For SAARC countries: USD 20,0006
  • Other Countries: USD 30,000

6This will be applicable to only SAARC citizens who are residing in Afghanistan, Bangladesh, Bhutan, Nepal, the Maldives, Pakistan, and Sri Lanka at the time of application.

Fees will be paid as per the exchange rate at the time of payment. As on 23.10.2019, 1 USD = 70.92 INR. The above fee is payable, phase-wise, in six terms over two years. Fees cover Tuition, Library, Internet, Case Permission Royalty, Course Material, Hostel Room Rent and Service Charge, Medical Insurance, Personal Accident Insurance. Caution deposit (one time) to be paid separately at the time of registration. Living and other expenses during the period of his/her stay are payable in Indian rupees, which are extra and will depend upon the choice of food and other preferences and can vary from INR 5,000/- to INR Rs. 6000/- per month.
The annual fee does not cover personal expenses such as travel, clothes, stationery, canteen, and laundry. Accommodation on the campus is provided only for single occupancy.

Mode of Payment

The payment of application fee, offer acceptance fee, and course fee should be done using wire transfer. Details required for fee remittance are given below:

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
MICR Code 440015013
IFSC Code CNRB0003124

Availability of Loans from Banks and Financial Institutions
Financial Institutions and Commercial Banks provide loans to students at a concessional rate of interest. Details are available on the IIMN website.

Government of India offers a number of scholarships to students from foreign countries studying in India. Ministry of External Affairs, GoI offers scholarships to students from SAARC countries who want to pursue education in India. Information regarding the same can be obtained from the official websites of the ministry or website of the Indian Embassy in the concerned country. The Institute will facilitate the process of applying for these scholarships and availing them.