What are some of the top government MBA colleges in India with low fees?

Institutions like FMS Delhi; JBIMS Mumbai, IIFT Delhi; Jamia Millia Islamia University; and the University of Jammu are some government subsidies that offer MBA programs with relatively affordable fees in India.

What is the average annual fee of a government college for an MBA in India?

The average annual fee for an MBA from a government college in India depends upon factors like location, the quality of the college, and its popularity. IIMs usually charge a fee between INR 5.00 Lakh and INR 18.00 Lakh. At the same time, other government colleges charge INR 15,000 – INR 1.00 Lakh for an MBA.

Do government MBA colleges offer scholarships to further reduce fees?

Yes, many government MBA colleges, like LPU provide scholarships based on merit, need, or category (e.g., SC/ST/OBC/Minority). Additionally, external scholarships and loan assistance are often available.

What are the placement prospects after completing an MBA from a low-fee government college?

Placement opportunities are generally excellent, with many colleges having strong industry connections and alumni networks. Candidates can expect placements at Amazon, Accenture, Samsung, IBM and more such companies.

Are there reserved seats or quotas in government MBA colleges?

Yes, most government MBA colleges follow reservation policies for SC, ST, OBC, EWS, and PWD categories, as per government regulations.

What is the admission criteria for government MBA colleges with low fees?

Most MBA government colleges with low fees accept CAT scores. Moreover, the candidates can also gain admission through the Indian Institute of Foreign Trade Entrance Test and MAT. Additionally, some colleges also offer direct admission through the management quota or scholarships.

Top Government MBA Colleges With Low Fees

The list of top government MBA colleges with low fees includes Jamia Millia Islamia, University of Jammu, University Business School, Panjab University, Maharaja Sayajirao University of Baroda and more.

Table of Contents

List of Top MBA Colleges in India with Low Fees
Average MBA Fees of Top MBA Colleges in India
Other Popular MBA Colleges in India with Low Fees
Entrance Exams for Admission to Top Government MBA Colleges with Low Fees
Top MBA Courses in India
Government Scholarships for MBA Students in India

Jamia Millia Islamia University, FMS Delhi, RKDF University and JBIMS, and others are some of the top government MBA colleges with low fees in India. The MBA fee charged by these MBA government colleges ranges from INR 14,000 to INR 1,.20 Lakh per annum.

Since these are some of the cheapest MBA colleges in India that charge lower fees, you tend to overlook the specialities. However, they are renowned worldwide for their exceptional academic results and trusted faculties. A few of the top recruiters of these colleges are Amazon, Accenture, Samsung, ZS Associates, IBM, and Deloitte.

MBA aspirants can find the list of top government colleges for MBA with low fees from this article.

List of Top MBA Colleges in India with Low Fees

While top IIMs and other reputed non-IIM institutes charge between INR 10 Lakh to 35 Lakh per annum, however, several other government institutions offer the same academic experience with lower fees. The list of top MBA government colleges with low fees is given below:

List of Affordable MBA Colleges 2025 in India
NIRF Ranking 2024	Top MBA Colleges with low fees and good placements	Average Annual Fees
2 (College Ranking)	Jamia Millia Islamia University	INR 96,000
7 (College Ranking)	The University of Delhi, Faculty of Management Studies	INR 1.20 Lakh
25	Institute of Management Studies, Banaras Hindu University	INR 65,100
65	Department of Commerce, University of Delhi	INR 70,000
69	Department of Management Studies, Anna University	INR 20,500
91	Pondicherry University	INR 40,700
96	University of Jammu	INR 17,365
101 - 150 band	Maharaja Sayajirao University of Baroda	INR 78,071
NA	Ganpat University	INR 15,696
NA	RKDF University	INR 74,718
NA	Department of Management Science, Savitribai Phule Pune University	INR 14,500
NA	University Business School, Panjab University	INR 95,000
NA	National Institute of Management	INR 50,000
NA	Indian Institute of Business Management and Studies	INR 66,194
NA	University School of Management Studies, Guru Gobind Singh Indraprastha University	INR 50,800

Average MBA Fees of Top MBA Colleges in India

MBA is one of the most popular postgraduate degree programs in India. Average fees vary depending on the location, the quality of the MBA college with low fees and good placements, and whether or not the college is supported by the government. Check out the average fee charges by top MBA colleges in India:

Average MBA Fees of Top MBA Colleges in India
Particulars	Average Fees
IIM Fees	INR 5.00 Lakh - INR 18.00 Lakh
IIT Fees	INR 2.00 Lakh - INR 5.00 Lakh
IGNOU Fees	INR 37,800
Government Colleges	INR 15,000 - INR 70,000

Read More: Low Fees MBA Colleges in India

Other Popular MBA Colleges in India with Low Fees

Some of the other low fees MBA colleges in India are as follows:

List of B-school	Average MBA Fees
International School of Management and Research- ISMR	INR 4.6 L to INR 7.9 L
SIMSREE, Mumbai	INR 1.36 L
CU - Chandigarh University	INR 5.84 L- 7.6 L
Indira Institute of Management - IIMP	INR 4.8 L
ASM’s Institute of Business Management and Research-IBMR	INR 7.1 L to INR 9.15 L
AIMS Institute of Management Studies	INR 6.58 L to 9.21 L
DBS - Doon Business School	INR 9.05 L
Gems B School, Bangalore	INR 5. 4 L - 11 L
Galgotias University - GU	INR 90,000 to INR 6.3 L (Varies according to specializations)
BK School of Business Management	INR 40 K - 1 L
Maharishi Dayanand University (MDU)	INR 54,352 to INR 7.7 L

Entrance Exams for Admission to Top Government MBA Colleges with Low Fees

One of the most popular management admission tests in India is the CAT. For admission to the best IIMs and other prestigious business schools in India, it is administered by IIMs. It normally takes place in the final week of November. The authorities use your CAT score to allocate you to the best MBA colleges in India.

The National Testing Agency administers the IIFT, a different common management entrance exam. This exam is conducted to verify your eligibility for admission to MBA programs (International Business). Additionally, many prestigious government-run MBA programs in India also accept MAT results. It can be taken four times a year to be considered for admission to one of India's more than 500 business schools.

Top MBA Courses in India

Some MBA specializations are never out of demand from the job market. You must also check the highest paying MBA specializations in India before selecting your career choice. Below is the list of Top MBA courses in India:

MBA Specializations in India
MBA Marketing and Sales	MBA Human Resource
MBA Banking and Finance	MBA International Business
MBA Retail Management	MBA Business Analytics

Government Scholarships for MBA Students in India

Full-time management scholarships are available from many government organizations for MBA students. Some colleges like LPU offer scholarships for the ones from economically backward sections or the ones with brilliant academic backgrounds or even work experience. Below is a list of five renowned MBA scholarships offered in India, take a look at it: