Fee/Financial Aid/Scholarship

Institute Scholarship Policy for IPM Students

The IPM Scholarship Policy offers a range of scholarships to support high-achieving and financially needy students. The policy comprises two phases: undergraduate and postgraduate. During the undergraduate phase, students can benefit from merit-based scholarships each year, as well as merit-cum-means scholarships based on academic performance and family income. In the postgraduate phase, students become eligible for scholarships under the MBA scheme. These scholarships offer both encouragement and financial relief, helping students focus on academic excellence. The details of the scholarships are given in the following sections.

Scholarships in Undergraduate Phase

1. Merit-based Scholarships

Eligibility Criteria: Highest CGPA among all students in the batch in each of the three undergraduate years

Additional Conditions:

• CGPA should not be below 3.0
• There should not be any grade drop.
• Such students should not have been involved in any act of academic and/or non- academic indiscipline or misconduct during their stay at the Institute.
• If the student with the highest CGPA does not fulfil the criteria mentioned in (ii) and (iii), the student with the next highest CGPA should be considered.
• When there is a tie between two or more students, the one who has obtained the maximum number of ‘A+’ in the program's respective year shall be considered for the award.
• When two or more students have equal numbers of ‘A+’, the Academic Council shall award the Scholarship considering their character and conduct by a majority decision. If there is a tie among the Members of the Academic Council, the decision of the Chairman of the Academic Council shall be final.

Amount: Tuition fees for the year in which the student scored the highest CGPA

2. Merit-cum-means Based Financial Assistance

Eligibility Criteria: Family income below Rs. 8,00,000/- per annum. In case of multiple applications, the top 3 students based on CGPA will be selected from among the applicant pool. Herein, the term family means the student’s parents and siblings below the age of 18 years and also their spouse and children below the age of 18 years.

Additional Conditions:

• If a student has secured the Institute’s merit-based scholarship mentioned in (I) above, then such a student will not be eligible for this scholarship in the same year.
• There should not be any grade drop.
• Such students should not have been involved in any act of academic and/or non- academic indiscipline or misconduct during their stay at the Institute.
• If the student with the highest CGPA does not fulfil the criteria mentioned in (i) and (ii), the student with the next highest CGPA should be considered.
• When there is a tie between two or more students, the one who has obtained the maximum number of highest letter grades in the program's respective year shall be considered for the award. For example, If two students have the same CGPA, and none of them has got an ‘A+’ or ‘A’, but student P has secured an ‘A-‘ in 3 courses, and student Q has secured an ‘A-‘ in 4 courses, then student Q will be ranked higher than student P.
• When there is a tie between two or more students, as per criterion (iv), the Academic Council shall award the Scholarship considering their character and conduct by a majority decision. If there is a tie among the Members of the Academic Council, the decision of the Chairman of the Academic Council shall be final.

Amount: Rs. 2,00,000/- per student – maximum 3 students can be awarded.

Scholarships in Post-graduate Phase

A. Merit-Based Scholarships

1. Scholarships at the end of the First Year:

• Topper of the MBA programme at the end of the First Year
• Topper of the MBA-BA programme at the end of the First Year
• Topper of the MBA-HR programme at the end of the First Year
• Topper of the IPM at the end of the First Year
• Remaining 4 awards (out of total 8) from the combined list of MBA, MBA-BA, MBA-HR, and IPM at the end of the first year, and excluding those students who are covered in (a), (b), (c), and (d) above.

2. Scholarships at the end of the Second Year:

• Topper of the MBA programme at the end of the Second Year
• Topper of the MBA-BA programme at the end of the Second Year
• Topper of the MBA-HR programme at the end of the Second Year
• Topper of the IPM at the end of the Second Year
• d. Remaining 4 awards (out of total 8) from the combined list of MBA, MBA-BA, MBA-HR, and IPM at the end of the Second year, and excluding those students who are covered in (a), (b), (c), and (d) above.

The scholarship amount is equal to the tuition fee for the respective academic year.

Note: Before disbursing the scholarship, fresh declarations will be taken from each eligible student regarding any financial assistance/external scholarships. If any external scholarship is availed, the proposed scholarship amount will be reduced/adjusted by the same amount.

Scholarships will be disbursed to the loan account if the students have an education loan for the IPM. If the student has not availed of any education loan, it will be credited to their bank account.