IIM Lucknow Scholarship Details

Harinitha Panneerselvam

Updated on - Jan 23, 2024

Indian Institute of Management Lucknow engages in various academic activities to develop, disseminate, and apply management knowledge and practice. In addition, the college offers scholarships to eligible students. More details regarding the IIM Lucknow scholarship are mentioned below.

• Need-Based IIML Scholarships
• Industry Sponsored Scholarships
• Merit-cum-Means Scholarships
• SC/ST Scholarships
• Education Loan

Need-Based IIML Scholarships

• The IIM Lucknow provides scholarships to 15% of the candidate intake based on family income and merit. 
• Aspirants from the reserved category who have a total income of less than Rs.1,50,000 can apply for the Indian Institute of Management Lucknow scholarship.
• IIM Lucknow scholarship covers the tuition fee in the form of a fee waiver charged by the institute in an academic year.

Industry Sponsored Scholarships

• Various industry-sponsored scholarships are also awarded at the end of the academic year to the aspirants based on their academic merit. 
• The Indian Institute of Management Lucknow scholarship value ranges between Rs.6,000 to Rs.100,000 per year.
• Hindustan Lever Ltd., Reckitt Benckiser, Aditya Birla, Ratan Tata, Citibank, EXIM Bank, Hughes Software Systems, Nestle India Ltd., Central Bank of India, Apeejay Trust, and Bharti Foundation are the patrons.

Merit-cum-Means Scholarships

• IIM Lucknow students can also apply for various scholarships provided by the Government of India. 25% of students are eligible for the scholarship worth Rs.2200 per year after meeting the specific means and merit standards.
• Bharti Enterprises also provides a scholarship of Rs. 50,000 per annum to the underprivileged students (annual income not more than Rs. 1.08 lacs). This scholarship is available for both years of the PGP program.

SC/ST Scholarships

• The Government of India also gives scholarships to students belonging to the SC/ST category of Rs. 1,500 per year. Meritorious students are also eligible for the scholarship awarded by the respective state governments, depending on their family income. 

Education Loan

• The IIM Lucknow also offers educational loans to needy applicants to help them pay their fees. Central Bank of India, Punjab National Bank, Allahabad Bank, and State Bank of India offer financial aid to the students.