IPM Scholarship Guide: Various Options and Eligibility Criterias

With more people aiming to lead teams, spearhead change in the corporate world, management has become a popular career choice. The increasing inclination towards the executive path has paved the way for innovative courses like IPM. The 5-year Integrated course is perfect for those aiming to headstart their corporate journey right after class 12. Naturally, […]

By Karishma Tirthani

June 20, 2025

9 min read
236

IPM

Updated on : June 25, 2025

Naturally, direct admission into prestigious Institutes like IIMs is a dream come true for many aspirants. However, hefty fees can be a constraint for many students. To make a student’s journey effortless and to support meritorious students, the institutes offer a range of IPM Scholarship opportunities. Since navigating through these options can be cumbersome, here is a concise list for quick reference.

Table of Contents

IPM Scholarships Offered by IIMs

IIMs are the most sought-after institutes to secure scholarships among students. Here are the scholarships available in these premier institutes:

IIM	Entrance	Fees (for 5 years) (in Lakhs)	Scholarships and Eligibility
IIM Indore	IPMAT Indore	30-35	Need-Based Financial Assistance- Family income should be below 9,00,000. Scholarship for SC/ST students- Parents’ annual income should be less than 4,50,000. Minority Welfare Scholarship (Mert cum Means)- Family income should not exceed 2,50,000. Post Matric Scholarship for Minorities- It aims at providing full fee reimbursement. Scholarships by Private firms- Aditya Birla Scholarship- Students should be in the top 25, based on their CGPA. OPJEMS Scholarship- A second-year student should be in the top 20 based on CGPA. Students should clear the written test and the personal Interview. SBI Scholarship- Students should clear the qualifying test. Eicher Scholarship- Merit-Based Scholarship
IIM Rohtak	IPMAT Rohtak	35-40	Merit cum Means Scholarship – Students should have a minimum CGPA of 6.5, and family income should be less than 2 LPA. SC/ST Need-Based Scholarship – Students should have valid SC/ST certificates and should meet family income criteria.
IIM Shillong	IPMAT Indore	20	Scheme of Top Class Scholarship for SC Students – SC Scholarship for the Ministry of Social Justice and Empowerment Need Base Financial Assistance (NBFA) scheme – IIM Shillong In addition, there are scholarships made available to Scheduled Caste (SC)/ Scheduled Tribe (ST)/People with Disabilities (PWD) participants by the Government of India. The details regarding the quantum, eligibility, process, etc., are available at https://scholarships.gov.in
IIM Ranchi	IPMAT Indore	37	Merit cum Means Scholarship- Based on academic excellence and financial need Scholarship for the differently-abled. Scholarship for SC/ST.
IIM Jammu	JIPMAT	35-40	Merit-Based Scholarship- Students should be from the EWS category. Merit cum Need based Scholarship- The CGPA should be 7 minimum and the candidate should belong to the financially weaker section. Minority Scholarship- A minority candidate with low family income. Scholarship for SC/ST candidates. For IIM Jammu, IPM Loan Facility- Click Here
IIM Amritsar	IPMAT Indore	40	Merit-based Scholarships- Highest CGPA among all students in the batch in each of the three undergraduate years Merit-cum-means Based Financial Assistance- Family income below Rs. 8,00,000/- per annum. Merit-based Scholarships(Post-Grad) – Topper of the MBA program at the end of the First/Second Year. Need-based Scholarship (Post-Grad) – On a case-by-case basis, after evaluating student applications. For in-depth details- Click Here
IIM Sirmaur	IPMAT Indore	30	Students will have to contact the college authorities or visit the official website for eligibility. Here is a list of Central Govt Scholarship Schemes- Post Matric Scholarships Scheme for Minorities Merit Cum Means Scholarship for Professional and Technical Courses CS Post-matric Scholarship for Students with Disabilities Scholarships for Top Class Education for students with disabilities. Top Class Education Scheme for SC Students Financial Assistance for Education of the Wards of Beedi/Cine/IOMC/LSDM Workers – Post-Matric National Fellowship and Scholarship for Higher Education of ST Students National Means Cum Merit Scholarship Central sector scheme of scholarships for college and university students Prime Minister’s Scholarship Scheme for Central Armed Police Forces and Assam Rifles Prime Minister’s Scholarship Scheme for Wards of States/UTs Police Personnel Martyred During Terror/Naxal Attacks Prime Minister’s Scholarship Scheme For RPF/RPSF Financial support to the students of NER for higher professional courses (NEC Merit Scholarship).

* The details are subject to change

Besides the above-mentioned scholarship opportunities, there are educational loans available. Students can visit the PM Vidylaxmi official website, which is a portal by the Ministry of Education, to apply for an educational loan.

IPM Scholarships: Other Institutes

Some other prominent institutes that offer IPM and IPM scholarships are as follows-

College Name	Entrace	Fees (for 5 years) (in Lakhs)	Scholarships and Eligibility
IIFT Kakinada	IPMAT Indore	34	New Scholarship Scheme – Family income should be less than 8 LPA Central Government Scholarships – 1. Merit-Cum-Means Based Scholarship 2. Top Class Education scholarship for students with benchmark disabilities
NALSAR Hyderabad	IPMAT Indore or NMET(UG)	30-35	Means-based Scholarship – Annual family income should be less than 8 LPA Means cum Merit based scholarship – Family income should be less than 8 LPA and the student should have a decent CGPA
Nirma University	IPMAT Indore	24-30	Merit-based Scholarship- The Student should be a top ranker. Merit cum Means Scholarship – Students should have one among top 9 ranks and annual family income should be less than 4-8 LPA.
TAPMI Manipal	IPMT Indore JIPMAT MET	30	Dr. Ramdas Pai UG Freeship Scholarship- IPMAT Indore score of 155 and above, or IPMAT Rohtak score of 240 and above, or JIPMAT score of 260 and above. Dr. Ramdas Pai UG Scholar Scholarship – IPMAT Indore score of 130 and above, or IPMAT Rohtak score of 220 and above, or JIPMAT score of 235 and above. Dr. Ramdas Pai Scholarship for Achievers – Top 5% of eligible candidates on the basis of performance in the previous academic year

*The details are subject to change.

IPM Scholarship: To support your Preparation Journey (By CL)

The preparation journey is where aspirants begin their management expedition. IPM preparation is where you officiate this journey. To make your preparation enriching and without any hindrance, Career Launcher(CL) brings you scholarships.

Every now and then, CL conducts an All-India or Mega UG Scholarship Test, curated to allow students to win a fee waiver of up to 100%* (on tuition fees for UG programs).

Salient Features of Career Launcher’s IPM Scholarship Test

Evaluate your overall competitive test-taking skills.
Students can benchmark their performance against aspirants nationwide.
The scholarship aims to boost your test prep. with exciting rewards.

How to attempt the IPM Scholarship Test?

All-India IPM Scholarship Test

Registered students will be informed of the test via Email and WhatsApp whenever it is scheduled.
You will get your score right after the test.
The scholarship offered will be strictly based on the student’s test scores.

IPM: Career Prospects

The opportunities available to students upon completing their IPM are as follows:

Entrepreneurship
Consulting
Human Resource Management
Finance
Marketing and Sales
Operations and Management
Public Sector and NGOs
Research and Academia
Banking

And many more….

Final Note….

Students now have a glimpse of IPM scholarship opportunities during or after their IPM preparation journey. All such initiatives are curated to facilitate a student’s growth and eliminate any scope of obstacles for deserving candidates. Acquaint yourself with all the available IPM Scholarship opportunities, and aim for the one that suits you best.

We Wish You Luck!

Team CL

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