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Complete Guide on MBA Scholarship in India 2024


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Are you embarking on your MBA journey in 2024? Get ready to open doors to incredible opportunities with our guide to MBA scholarships! This treasure trove of financial support is tailor-made for postgraduate students like you. Imagine transforming your academic dreams into reality without the worry of financial constraints.  

In the competitive world of scholarships, the MBA degree scholarships stand out as a beacon for aspiring candidates. As you explore our guide, you'll find various options, including scholarships for general-category students and free scholarships. The landscape is rich with possibilities, offering financial relief and a chance to excel in your chosen field. 

From accessible online application forms to thoughtfully designed scholarship schemes, our comprehensive guide is your roadmap to navigating the scholarship terrain. Don't let financial worries hold you back - discover, apply, and make the most of the MBA Scholarship landscape! Your future awaits!

MBA Scholarship in India: Highlights

Unlock financial possibilities for your MBA journey with the exclusive MBA Scholarships in India. Embrace academic excellence, as the scholarship considers various categories to support deserving candidates.

MBA Scholarship Details

Scholarship Name: MBA Scholarships in India 2024 

Eligibility: Open to graduates and those in their final year of study.

Mode of Application: Online/Offline 


Also Read: MBA Course in India 2024


Steps to Apply for MBA Scholarship in India

Applying for an MBA scholarship is a simple process which opens the door to educational opportunities. To complete the process of applying, candidates can follow these simple steps:

  1. Begin by visiting the official website of the National Scholarships Portal, the gateway to various scholarship programs.
  2. Before starting the registration procedure, be familiar with the guidelines given on this website.
  3. Select the precise scholarship category that aligns with your interests, considering options like scholarships for postgraduate students or scholarships for MBA students.
  4. Input the required details accurately, ensuring a seamless application process.
  5. Upload necessary scanned copies of documents, such as academic transcripts and identification proofs.
  6. You must complete your scholarship application online and click on the Register button to confirm that you are enrolled in the programme.
  7. Get this process done by downloading and saving a copy of your application for future reference.

Whether you're seeking free scholarships or exploring schemes like scholarships in education, this step-by-step guide ensures that you easily navigate the MBA scholarship application process. Don't miss the chance to propel your academic journey forward!


Required Documents to Apply for MBA Scholarship in India

Securing an MBA scholarship in India is an exciting opportunity that paves the way for your educational journey. Ensure you have all the necessary documents at hand to facilitate the application process:

  1. A recent passport-size photograph: Capture a clear image that reflects your professional demeanour.
  2. Front & back view of Aadhar card: Provide a scanned copy of both sides of your Aadhar card for identification.
  3. The first page of the bank passbook scan: Submit a scanned copy of the initial page of your bank passbook to facilitate financial transactions.
  4. Permanent residence certificate of India: To prove your Indian citizenship, you have to provide a copy of the residence certificate.
  5. 10th, 12th, Graduation Class Pass Memos: Compile your academic records, including the mark sheets for 10th, 12th, and graduation classes.
  6. Caste certificate duly signed by the authorized revenue officer: Provide a caste certificate signed by a recognized revenue officer if necessary.
  7. Birth certificate duly signed by an authorized revenue officer: Include a copy of your birth certificate signed by an official Revenue Officer.
  8. Income certificate of the parents: Provide an income certificate of your parents to assess financial need accurately.


Note: All documents must be at least 500 KB to satisfy the application requirements.

Not only does this comprehensive document set support your application for an MBA scholarship, but it also simplifies the verification process. With such documents in order, the MBA scholarship application process is simplified as you aim to excel during your academic career.


Tips to increase your chances of getting an MBA scholarship

Acquiring an MBA scholarship abroad is a competitive journey, demanding careful planning and strategic efforts. To enhance your chances of being awarded an MBA scholarship, here are some useful tips: 

  • Research scholarship opportunities: Initiate your journey by exploring available scholarships for MBA students. Before diving into the application process, understand eligibility criteria and deadlines.
  • Build a compelling application:  

a. Craft a robust scholarship application highlighting your academic achievements, work experience, leadership skills, and other relevant qualifications.

b. Compose a persuasive personal statement outlining your career aspirations, emphasizing how the scholarship will be instrumental in achieving your goals.

c. Please seek recommendation letters from faculty, employers and experts who will attest to your qualifications.

  • Apply early: Take your time - apply for scholarships well in advance. Many MBA scholarship applications have deadlines, so submit your application early, as it can maximize your chances.
  • Follow instructions: For each scholarship application, carefully follow the instructions provided. Ensure proper formatting, adhere to document requirements, and consider all details outlined in the scholarship application.
  • Be persistent: Success may come with more than the first attempt. Keep applying for scholarships until you secure the financial support you need. Persistence is crucial in achieving your goal of obtaining financial aid for your MBA program.

Don't navigate this journey alone - connect with international education experts to gain valuable insights into scholarships for master's in business administration. The guidance will empower you to navigate the MBA scholarships application process successfully and embark on your MBA journey with the necessary financial backing.

MBA Scholarship at ITM

Embark on a transformative educational journey with ITM Business School's MBA scholarships iSET test. Crafted with aspirations in mind, these scholarships are designed to turn educational dreams into a vibrant reality. In 2023, they proudly rewarded scholarships exceeding two crores, reflecting our commitment to empowering deserving candidates. As you consider joining ITM Business School, please note that the application deadline for these transformative opportunities is 21st Jan 2024. 


Let's delve into the extraordinary scholarship opportunity that await you at ITM: ITM Scholarship Entrance Test (iSET):

ITM introduces the ITM Scholarship Entrance Test (iSET) for students facing financial constraints in their education journey. This merit-based scholarship supports students' welfare and education, fostering their growth.

How it Works:

To participate, candidates must fill in an online application form for the MBA program before the scholarship test deadline. The online multiple-choice ITM Scholarship Entrance Test (iSET) is conducted at all CAPI locations, offering a fantastic opportunity.


Among all applicants, the scholarship is awarded to the top 200 deserving students based on their performance in the online test. The ITM university scholarship ranges from 10% to 100% on the first-year tuition fees. 

Eligibility Criteria:

  • Minimum 50% marks (45% for reserved category) in the qualifying Examination.

A strong commitment exists at ITM to acknowledge academic merit, foster individual talent, and encourage aspiring students to help them reach their goals in both academics and careers. Make the most of your opportunities by applying for an exclusive ITM Scholarship Entrance Test (iSET) scholarship by ITM scholarships for an MBA. This represents a key step forward towards the realization of educational ambitions, where ITM has become an example to those looking for transforming learning experiences and major career progress. ITM is dedicated to forming future leaders using its well-known MBA programs and active scholarship programs, with an emphasis on holistic development. Take advantage of ITM's unique iSET scholarships to start your journey toward academic success and professional success.



In summary, ITM Business School's MBA scholarships offer a transformative path for academic and career growth, fostering personal development and diverse experiences. Beyond monetary value, these scholarships empower students and break down financial barriers, emphasizing the institution's commitment to recognizing merit. With fee concession policies and the ITM Scholarship Entrance Test (iSET)providing avenues for financial support, including scholarships for postgraduate students in India, ITM stands as a beacon for those aspiring to take up scholarships for MBA in India. Seize the chance to transform your academic aspirations into reality with ITM's distinctive MBA scholarships, ensuring a vibrant journey in 2024.



What are the major entrance exams for MBA programs?

The major MBA entrance exams in India include GMAT, CAT, MAT, NMAT, XAT, CMAT, and IBSAT.  


Which entrance exams, like GMAT, CAT, and CMAT, are commonly required for MBA admissions?

GMAT, CAT, MAT, NMAT, XAT, CMAT, and IBSAT are widely taken. However, linked colleges and a few business schools specifically accept CAT, MAT, XAT, NMAT, SNAP, and other specified tests.


Can you get an MBA scholarship with a high GMAT score?

Yes, a high GMAT score can improve your chances of securing an MBA scholarship. While there's no set minimum score, a strong GMAT performance enhances your eligibility for scholarships.


How to make your profile stand out for an MBA scholarship application?

Boost your application for an MBA scholarship by emphasizing noteworthy professional projects, academic honors, and other significant accomplishments.


Can I get 100% scholarship for MBA?

Some top-notch universities and business schools provide 100% scholarships for MBA programs. These are competitive opportunities covering tuition fees and more, and they are awarded based on factors like your academic achievements and leadership potential.


How to negotiate scholarship with MBA school?

To negotiate a scholarship with an MBA school, follow these key steps:

  • Research the school's policies
  • Time your request after admission,
  • Make a compelling case for increased support and
  • Consider leveraging competitive offers

Keep in mind that negotiating scholarships necessitates respectful conversation. It all comes down to showcasing your worth and building a strong case for more funding.


What is the amount of MBA scholarship payable to the awardees?

The MBA scholarship amount ranges from 10% to 100% on your 1st Year Tuitions Fees.


Will the scholarship be renewed if the awardee fails in the first or subsequent years of study?

No, scholarships are only taken into consideration for the year that the course starts. In the years that follow, renewal is permitted; however, new applications are not accepted for candidates seeking renewal; these applications will be returned.


Can scholarship students apply anytime during the year of MBA admission?

Scholarship students can apply during the MBA admission cycle as per the specified deadlines set by the educational institution.


Is it easy to get an MBA scholarship?

Securing an MBA scholarship can be challenging due to limited funds and fierce competition, but applying diligently increases your chances, making it worthwhile.


What is the age limit for an MBA scholarship?

The age limit for an MBA scholarship is generally not older than 30 years for eligible students in the first year of MBA programs.

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