IIM Mumbai – Indian Institute of Management Scholarships
Scholarships
IIM Mumbai Scholarship 2026
IIM Mumbai offers multiple scholarships and financial aid options to ensure deserving students have access to quality management education without being held back by financial constraints.
Types of Scholarships & Benefits
| Scholarship Type | Benefit | Eligibility |
|---|---|---|
| Type 1 (Need-Based Waiver) | 30% tuition fee waiver | Family income < ₹2.5 LPA |
| Type 2 (Need-Based Waiver) | 50% tuition fee waiver | Family income < ₹1 LPA |
| Teaching Assistantship | ₹12,400/month stipend (+ contingency) | GATE-qualified students |
| Central Sector Scholarships | Tuition support (amount varies) | SC/ST students with family income < ₹8 LPA |
| Industry & Merit-Based Awards | Up to full tuition waiver | Based on performance, interviews, etc. |
Additional Details
Need-Based Tuition Waivers
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Students from families earning below ₹2.5 lakh annually are eligible for a 30% tuition waiver.
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Those with family incomes under ₹1 lakh annually can receive a 50% tuition waiver.
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Benefits are reviewed annually based on academic performance.
Teaching Assistantship for GATE Qualifiers
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GATE-qualified candidates receive a monthly stipend of ₹12,400 plus contingency funds to support academic activities.
Central Government Support for SC/ST Students
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SC and ST students can apply for the Central Sector Scholarship (Top Class Education Scheme) if family income is below ₹8 lakh per annum.
Industry/Merit-Based Scholarships
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Corporate and academic partnerships offer additional scholarships such as the Dr. Manmohan Singh Scholarship, L&T Build India Scholarship, Capital First Scholarship, and others.
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Selection is based on academic merit, interviews, and other criteria.
Student Insights
Many students from reserved categories and financially weaker backgrounds find the scholarship process at IIM Mumbai straightforward, allowing them to pursue their studies with minimal financial burden.