MBA Scholarships

Key Information

Conducted By The central/state government of India along with other private companies
Eligibility Candidates pursuing MBA and other courses
Region India
Rewards Up to INR 10,00,000
Last Date of Application June 30, 2022

The MBA scholarships are organized by India's central and state governments and other private companies. The students aspiring for MBA and other professional courses can apply for this scholarship program. The primary purpose of this program is to provide financial backup to the students who lack financial resources and aid them to complete their education. The candidates who get selected for the MBA scholarships will be given a scholarship amount of up to INR 10,00,000 to fund their educational expenses.  

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Check Other Important Scholarships in India
State wise Scholarships
Discipline Level Scholarships
Category wise Scholarships
Class wise Scholarships
Course wise Scholarships

List of MBA Scholarships

A few of the best scholarships for MBA are listed below. This scholarship scheme aims to provide the necessary support to aspiring applicants and help them achieve educational independence. 

  • IOCL Scholarship 
  • IDFC FIRST Bank MBA Scholarship 
  • IIM Ahmedabad Research Assistantship (EPABA)
  • Ericsson Empowering Girl Scholarship Program 
  • HDFC Bank Parivartan's ECS Scholarship 
  • Gaurav Foundation Scholarship 
  • Mahatma Gandhi Scholarship 
  • IIM Ahmedabad Research Associateship (SWE)
  • SSE (Stockholm School of Economics) MBA Scholarship 
  • MakeMyTrip' Padhte Raho, Badhte Raho' Scholarship
  • University of Queensland MBA Scholarship 

IOCL Scholarship 

The IOCL scholarship was launched by the India Oil Corporation Limited [IOCL]. This scholarship is available for the students pursuing ITI, Engineering, MBA, and Other courses. Under this scholarship program, 2600 scholarships are provided every year, out of which 2000 scholarships are given to 10+2 or ITI students, 300 scholarships for engineering students, 200 for MBBS, and 100 for MBA students, respectively. Candidates who lack financial resources to continue their studies are given the required help under this scholarship scheme. On selection, the applicant will get rewards of up to INR 3,000 per month

Last Date 

The application's last date for the IOCL scholarship is June 30th, 2022.

Read more: IOCL Scholarship. 

IDFC FIRST Bank MBA Scholarship 

The IDFC FIRST Bank MBA scholarship is promoted and put forth by the IDFC First Bank. Students enrolled in MBA courses across India can access this scholarship program. Under this scholarship curriculum, the minimum remuneration of the candidate's family should be around INR 6,00,000 per annum from all sources. The scholarship program aims to provide financial assistance to MBA students from socially and economically weaker societies. The deserving applicant will get rewards up to INR 2,00,000 for two years

Last Date 

The application deadline for the IDFC FIRST Bank MBA scholarship is July 15th, 2022

Read more: IDFC FIRST Bank MBA Scholarship. 

IIM Ahmedabad Research Assistantship (EPABA) 

The Institute of Management (IIM), Ahmedabad, organizes the IIM Ahmedabad Research Assistantship (EPABA) for students pursuing an MBA degree all over India. Here, the selected students will get an opportunity to be a part of its research assistantship program. The selection of the students will be based on their interviews and work experiences. The primary focus of the scholarship scheme is to provide economic support to the students pursuing MBA. After selection, the deserving applicants will get rewards up to INR 40,000 per month

Last Date 

The last application date for the IIM Ahmedabad Research Assistantship (EPABA) is May 31st, 2022 (tentatively)

Read more: IIM Ahmedabad Research Assistantship (EPABA).

Ericsson Empowering Girl Scholarship Program

The Ericsson empowering girl scholarship program is put forth by Ericsson and attempts to encourage female students studying in the 2nd year of Engineering or MBA courses to undertake further education. The candidate's family income should not be higher than INR 6,00,000 per annum to get qualified. Furthermore, the applicant applying for the scholarship must be a female student and should be a domicile of India. The main objective of the scholarship program is to provide economic assistance and empower the candidates to aim for higher education. Here, the deserving candidates will get rewards up to INR 75,000 per annum

Last Date 

The registration last date for Ericsson empowering girl scholarship program is December 15th, 2021

Read more: Ericsson Empowering Girl Scholarship Program

HDFC Bank Parivartan’s ECS Scholarship 

The HDFC Bank Parivartan's ECS scholarship is an initiative taken by the HDFC Bank. This scholarship program offers school and college-going students an opportunity to undertake professional and non-professional courses. Under this scholarship program, the students pursuing MBA degrees can also apply. Here, the organization has categorized the scholarship into two parts. The sole aim of the scholarship program is to reduce the number of dropouts and provide economic support to students belonging to underprivileged families. The deserving contender will get benefits of up to INR 75,000 per annum

Last Date 

The deadline to apply for the HDFC Bank Parivartan's ECS scholarship is July 31st, 2021

Read more:  HDFC Bank Parivartan's ECS Scholarship

Gaurav Foundation Scholarship

The Gaurav Foundation launched the Gaurav Foundation scholarship. Under this scholarship program, MBA students can also participate. The selected candidates must have acquired 60% marks in classes 10 and 12. The Gaurav Foundation scholarship aims to provide scholarships for MBA students to the candidate whose age is 35 years and who belong to the economically backward class of the society. Here, the worthy candidates will get a maximum reward of INR 10,00,000

Last Date 

The deadline to apply for the Gaurav Foundation scholarship is November 20th, 2021.

Read more: Gaurav Foundation Scholarship

Mahatma Gandhi Scholarship

The Mahatma Gandhi scholarship is sponsored by the London Metropolitan University and summons scholarship applications from the candidates studying MBA and other master's courses. Under this scholarship program, every year, one student's entire tuition fee for a postgraduate degree is waived off by the program. The program's primary aim is to provide education convenience fees to deserving students. Here, the deserving applicants will get a tuition fee remission of upto 50% based on academic excellence.

Last Date  

The application's last date for the Mahatma Gandhi scholarship is March 31st, 2022

Read more: Mahatma Gandhi Scholarship 

IIM Ahmedabad Research Associateship (SWE)

The IIM Ahmedabad research associateship (SWE) is conducted by the India Institute of Management (IIM) Ahmedabad. This scholarship program applies to students studying MA, MBA, and PhD courses. The selected applicants will receive an amount based on their academic and prior work experience every month. Under this program, the students are initially appointed for six months, and also the candidates can exceed the duration. The aim is to provide scholarship freedom to the students of backward classes. Here, the deserving candidates will get monthly remuneration

Last Date 

The last date of applying for the IIM Ahmedabad research associateship is June 15th, 2021

Read more: IIM Ahmedabad Research Associateship (SWE)

SSE (Stockholm School of Economics) MBA Scholarship 

The SSE (Stockholm School of Economics) MBA scholarship is organized by the Stockholm School of Economics and Dagens Industry. This scholarship is for Indian students pursuing an MBA in the parent college of Sweden. Here, the candidates must have five years of experience and a bachelor's degree in the relevant field to qualify. This scholarship is a merit-based program providing international educational opportunities to the students of India. Here the selected candidates will get the scholarship to sponsor the tuition fee and VAT of SEK 495,000.

Last Date 

The SSE (Stockholm School of Economics) MBA scholarship application's last date is June 16th, 2022 (tentatively)

Read more: SSE (Stockholm School of Economics) MBA Scholarship. 

MakeMyTrip' Padhte Raho, Badhte Raho' Scholarship

The MakeMyTrip 'padhte Raho, badhte raho' scholarship is introduced by the MakeMyTrip Foundation. The scholarship scheme is provided to the students studying in classes 1 to postgraduate levels. The students who have undertaken MBA courses can also apply. Under this scholarship program, candidates enrolled in the academic year 2021-22 to 2022-23 who have lost their parents due to the COVID-19 pandemic can register. The family revenue should not be higher than INR 6,00,000 per annum, and upon selection, the worthy candidates will get up to INR 50,000.

Last Date

The last date to register for the MakeMyTrip 'padhte raho, badhte raho' scholarship is February 20th, 2022

Read more: MakeMyTrip' Padhte Raho, Badhte Raho' Scholarship.

University of Queensland MBA Scholarship 

The University of Queensland MBA scholarship is launched by the University of Queensland, business school. This scholarship is mainly for international students applying for a master's degree in business and management. Under this scholarship program, students must have a graduate degree and should have received an unconditional offer for the MBA program. This scholarship scheme sponsors 25% of the tuition fee for a maximum duration of 24 months. The primary focus is to provide an international scholarship for students pursuing MBA courses. 

Last Date 

The deadline to apply for the University of Queensland MBA scholarship is April 30th, 2022.

Read more: University of Queensland MBA Scholarship.

Application Process for MBA Scholarships

The eligible meritorious candidates can apply for MBA scholarships in India and other countries by going through the details mentioned on the official website. In addition, the central and state government scholarships for MBA students incorporated under various government schemes are also provided. Listed below are the steps mentioned to apply for the scholarships for MBA students.

How to Apply on the Official Scholarship Portal?

The selected fellows can apply for MBA Scholarship on their respective scholarship portals. Steps to apply for the scholarships are as follows:

Step 1: Firstly, the applicant should visit the official website of the respective scholarship they are interested in applying for. 

Step 2: Next, the candidate should click on the apply now button displayed on the screen.  

Step 3: If the candidate is a new user, they must register themself on the official website.

Step 4: Upon successful registration, they can now move ahead with the application process. 

Step 5: The candidates should fill out the application form by providing the needed information.

Step 6: Then, they should upload the required documents. 

Step 7: Cross-verify all the details filled in along with the documents.

Step 8: Lastly, click on the submit button to complete the application.

Note: The application process for different scholarships' might differ.

Essential Documents 

Here, the applicant should provide valid documents while submitting the application form for an MBA scholarship. While uploading documents online for MBA scholarships, the applicant should ensure the documents are scanned and converted to the prescribed manner. Listed below are the documents required for MBA scholarships: 

  • Passport size photograph
  • Residential proof 
  • Aadhar card copy 
  • Admission Letter 
  • Fee receipt copy 
  • Marksheets 
  • Parents salary slip-proof
  • An affidavit certificate 
  • Updated Resume 
  • ID Proof 
  • Income proof
  • Bank details 
  • Proof of admission 
  • Death certificate 
  • Reference letters
  • Hospitality sector proof

For more details, visit our Scholarships 2022 Directory.

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