Amount varies by scheme at IIM Visakhapatnam. For the institute’s merit-based scholarship, reports indicate up to 5 lakh per student for top performers (second year PGP batch) at IIM Visakhapatnam. For need-based aid, the waiver is expressed as a percentage of tuition (100%, 80%, 60%, etc.) rather than fixed amounts. External government scholarships may cover full tuition or a fixed rupee amount

Each program has different eligibility requirements at IIM Visakhapatnam. MBA students admitted to IIM Visakhapatnam who are in challenging circumstances or whose household income falls below a certain threshold (such as INR 5 lakh) are eligible for institute financial aid. For external scholarships, category-based schemes (SC/ST/PwD/Minority) have their own criteria – e.g. meritorious performance, first-year enrolment and age limits.

Selection at IIM Visakhapatnam aid involves: 1) submission of financial data (income, assets, loans) 2) Personal interview panel 3) Scoring by a financial aid committee to decide the quantum of waiver. For merit-based scholarships: ranking in the batch (top performers) in the first year leads to an award in the second year. External scholarships are subject to scheme-specific requirements (category eligibility, meritorious achievement and paperwork).

You should do the following after being admitted into the PGP/MBA program at IIM Visakhapatnam– Fill Institute’s financial aid form Prepare required documents: income certificate, IT returns, household savings, property/asset records, loan documents, etc.

No — the scholarship/financial aid primarily covers tuition fees, library, internet, course materials, etc. As per the institute’s policy, aid does not include mess fees, AC charges and other incidental service charges.