Indian Institute of Management Calcutta (IIM Calcutta)

Scholarships and Financial Aids Offered:

1. Internal Need-Based Financial Assistance (NBFA)

The primary financial aid offered directly by IIM Calcutta to ensure students are not forced to discontinue studies due to financial constraints.

• Eligibility: Students with gross annual family income (including parents, spouse, and self) below ₹8 Lakhs.

• Application Period: Typically opens in August, after the first term begins.

• Assessment: Based on family income, assets, and educational loans taken.

• Benefit: Ranges from partial tuition fee waiver to full reimbursement, depending on financial need.

2. External & Corporate Scholarships

Several private foundations and corporate sponsors provide merit-cum-means scholarships to IIM Calcutta students.

• Aditya Birla Scholarship: ₹1.75 – ₹3.00 Lakhs; awarded to top-ranking first-year students, renewable in second year if within top 25% of batch.

• OPJEMS (O.P. Jindal): ₹1.50 Lakhs; awarded to the top 10 second-year students based on first-year performance and an online test.

• T. Thomas (HUL): Variable amount; awarded to one second-year student on merit-cum-means basis.

• Ratan Tata Trust: Variable amount; based on academic excellence and financial need.

• Mirae Asset Foundation: ₹5.00 Lakhs; for meritorious students with family income below ₹8 Lakhs.

3. Government of India Scholarships

Students can apply through the National Scholarship Portal (NSP) for central and state-level schemes.

• Top Class Education (SC): Covers full tuition fee, living expenses, and laptop allowance for Scheduled Caste students.

• National Fellowship (ST): Provides tuition fee coverage and monthly stipend for Scheduled Tribe students.

• Merit-cum-Means (Minority): For minority community students with family income below ₹2.5 Lakhs.

• NTPC Scholarship Scheme: ₹48,000/year; for second-year SC/ST/PwD students who cleared all first-year exams in one attempt.