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IPMAT Indore Fees and Scholarship, How to Apply for IPMAT Indore Scholarship

Discover the IPMAT Indore Fees & Scholarship, a prestigious management program at IIM Indore. Learn about the program's curriculum, faculty, and how to apply for scholarships to make your education more affordable.
authorImageShivani 29 Aug, 2025
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IPMAT Indore Fees

IPMAT Indore Fees and Scholarship: Integrated Programme in Management (IPM) at IIM Indore offers high-quality education along with financial support for deserving students. Candidates from low-income families can apply for Need-Based Financial Assistance (NBFA), which provides two levels of support based on family income and assets. The IPMAT fees IIM Indore cover tuition, accommodation, library and internet access, and other academic resources. Indian students pay ₹5,00,000 per year for the first three years, while international students pay ₹7,50,000 per year. 

These IPMAT Indore fees scholarship options ensure that talented students can access world-class management education without financial barriers, making the program more inclusive and supportive.

IPMAT Indore Fees and Scholarship

The goal of this IPMAT scholarship is to make sure everyone can study at IIM Indore, even if they don't have a lot of money. Students can also get loans without needing to give any valuable things as collateral. Banks like State Bank of India and Central Bank of India have good loan plans.

  • There are different kinds of scholarships you can apply for, like Aditya Birla Scholarship, OPJEMS Scholarship, and State Bank of India Scholarship.

IIM Indore supports students in the Integrated Programme in Management (IPM) with financial assistance and scholarships. Here's what you need to know:

  1. Fees for IPM:

  • For Indian students, it's INR 5,00,000 per year for the first three years. International students pay INR 7,50,000 per year. Fees for the last two years are like the Post Graduate Programme in Management (PGP).

  1. Need-Based Financial Assistance (NBFA):

  • This IPMAT fees IIM Indore scholarship provides support based on family income and assets. It can cover up to 100% of tuition fees, assist with meals, and support expenses for exchange programs.

  1. Other Scholarships:

  • There are different scholarships available, like ones for SC/ST students, minorities, and others. Some are Aditya Birla Scholarship, OPJEMS Scholarship, State Bank of India Scholarship, and Eicher Scholarship. These scholarships are applicable for the entire five-year IPM course at IIM Indore.

  1. Education Loans:

  • Students at IIM Indore can get loans up to Rs. 40 lakhs without needing to give valuable things. The interest rate is 6.85% per year. Different banks have different interest rates.

  1. How to Apply:

  • Students need to fill out an application form to avail IPMAT scholarship or NBFA. The application process usually begins in July/August.

IPMAT Indore Fees and  Scholarship
Help with Money for Studies Who Gets It What It Helps With
Financial Aid (NBFA) Based on family money and stuff owned Gets money to make sure education is not hard because of not enough money
Loans Without Needing Stuff From banks like SBI, CBI Gets support with money through good loan plans
Different Scholarships Aditya Birla, OPJEMS, SBI, and more Different ways to get money for studies if you qualify
Course Fees (Indian Students) Rs. 5,00,000 per year (first 3 years) Covers staying, using the library, internet, and classes
Course Fees (International) Rs. 7,50,000 per year Same good stuff as Indian students, helping everyone learn

IPMAT INDORE FEES

IIM Indore supports students with limited finances through Need-Based Financial Assistance (NBFA). Families earning less than ₹9 lakh per year can apply. The NBFA Committee decides who gets help and how much.

The Integrated Programme in Management (IPM) is a five-year course combining undergraduate and postgraduate studies. Students may also receive scholarships based on academic performance, family income, or other criteria. These scholarships can come from the institute, companies, alumni, or other organizations. The aim is to make sure no student misses out on education at IIM Indore due to financial difficulties. The table below highlights IPMAT Indore Fees:
IPMAT Indore Fees Highlights
IPM Course Year Fees (per year) Accommodation Arrangement
First three years Rs. 4,00,000 Shared housing arrangement
Fourth and fifth years Rs. 8,00,000 Single-room accommodations
Total Program Cost Rs. 28,00,000  
Financial Aid and Scholarship:
  • Candidates with family income under Rs. 9,00,000 are eligible for financial aid.
  • Outstanding fourth-year academic performers receive a scholarship of Rs. 1.5 lakh.

IPMAT INDORE Scholarship

IIM Indore helps students with a scholarship called Need-Based Financial Assistance (NBFA) if their family makes less than INR 9,00,000 each year. Here's what you need to know:
  1. Who Can Apply:
  • Anyone in the Post-Graduate Programme in Management (PGP), PGP HRM (PGPH), and Integrated Programme in Management (IPM) with a family making less than INR 9,00,000 can apply for this scholarship.
  1. How to Apply:
  • If you qualify, you can get the application form from the PGP/IPM Office. Fill it out and submit it with all the needed documents before the deadline.
  1. Evaluation Process:
  • The NBFA Committee checks how much money you need based on your family's income and what they own. They also look at your behavior records.
  1. Scholarship Amount:
  • The amount you get is a part of the most help the institute can give. It changes every year based on family income and what your family owns.
  1. Additional Scholarships:
  • IIM Indore teams up with private companies to offer more scholarships like Aditya Birla Scholarship, OPJEMS Scholarship, State Bank of India Scholarship, and Eicher Scholarship.
  1. Extra Reward for Good Performance:
  • If you do exceptionally well in your fourth year in IPM, you might get an extra scholarship of Rs. 1.5 lakh.
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IPMAT Indore Fees & Scholarship FAQs

How much is the annual fee for the IPM program at IIM Indore?

For Indian students, it's INR 5,00,000 for the first three years. International students pay INR 7,50,000 per year. The last two years follow the Post Graduate Programme in Management (PGP) fees.

What financial assistance is available through Need-Based Financial Assistance (NBFA)?

NBFA provides financial aid based on family income and assets for participants with an annual family income below INR 9,00,000. It covers tuition fees, mess subsidies, and supports exchange program expenses.

Who is eligible to apply for financial aid at IIM Indore?

All participants in PGP, PGPH, and IPM with a family income below INR 9,00,000 can apply for need-based financial assistance.

How are scholarship amounts determined under the NBFA at IIM Indore?

The scholarship amount is a percentage of the maximum financial assistance offered by the institute, determined annually based on family income and assets.

Are there additional scholarships available at IIM Indore apart from NBFA?

Yes, IIM Indore collaborates with private corporations to offer additional scholarships such as the Aditya Birla Scholarship, the OPJEMS Scholarship, the State Bank of India Scholarship, and the Eicher Scholarship.

Are education loans available without collateral?

Yes, Students can avail of loans up to ₹40 lakhs without pledging assets. Partner banks include SBI and CBI, with interest rates starting at 6.85%.

What does the IIM Indore IPMAT fees include?

The IPMAT fees at IIM Indore include tuition, hostel accommodation, library access, internet usage, and academic infrastructure.
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