IPMAT Fee Structure and Scholarship 2024 [IIM Indore & IIM Rohtak]

Summary: IPMAT Fee Structure & Scholarship Tests provides a comprehensive and flexible framework for students to manage their educational expenses and create a path for future success. Let's check the IPMAT Fee Structure and Scholarship 2024.

The Integrated Program in Management (IPM) is one of the most prestigious, with significant courses for students who have just completed their 10 + 2 grades and are looking for a good career option in management. 

Admission to the IPM programs depends on the score and performance of the candidate in the Integrated Program in Management Aptitude Test (IPMAT). 

It's a 5-year full-time integrated course in management (BBA + MBA), and this year, around 20k-25k students will appear for the IPMAT exam for 120 seats.

So do you get any scholarships to study at IIMs? What is the IPM Indore fee structure? Is it affordable to study at IIMs? 

The article answers all details about the IPMAT Fee Structure and Scholarship offered.

Download Free Study Material for IPMAT 2024 by SuperGrads

IPMAT Fee Structure (IIM Indore)

Indian students will have to pay 18,2000 for one semester.

The IIM IPM fee structure for students who belong outside the country, i.e., international applicants, must pay 26,7000 for one semester.

• The fourth and fifth-year fees will be the same as per the students taking Postgraduate Program in Management (PGP).
• The fee the students will pay for their PGP program is the same one you will also pay at that time. 
• The course fees include all the other facilities fees, like lodging, access to lecturers, internet facility, and library.
• The fees also include accommodation fees as well.
• For the first 3 years, IIM Indore provides accommodation to the students on a sharing basis; for the last 2 years, i.e., fourth and fifth years, they provide single-room accommodation.

View the document below for the exact fee IIM Indore IPM course fee structure information in the official Brochure.

Check: Short tricks to prepare for the IPMAT exam from class 11

IPMAT Scholarship Program

The Scholarship Program offered at the college is given below: 

Need-Based Financial Assistance (NBFA)

The Need-Based Financial Assistance (NBFA) is a scholarship scheme in which each and every shortlisted student can avail themselves.

The main objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons.

This scholarship scheme has been running for many years by the IIM Indore.

Also, note that the coaching centre of SuperGards is offering an AISAT scholarship; you can get a discount for IPM Coaching 2024

Also, be sure to take mock tests to know where you stand with your IPMAT preparations. 

• Shortlisted candidates of Post Graduate Program in Management (PGP), Integrated Program in Management (IPM), and Post Graduate Program in Human Resource Management (PGPHRM) programs are eligible to participate in the Need-Based Financial Assistance (NBFA) scholarship program offered by the IIM Indore.
• The students whose family income this year is less than or equal to Rs. 9,00,000/- are eligible to apply for this financial assistance given by IIM Indore. If your family income is more than Rs. 9,00,000/- this year, you are not eligible for this financial aid.
• The NBFA Committee undertakes a two-step process for deciding the number of awardees and the quantum of assistance. 
• The financial assistance offered will be capped at an amount equal to or close to the interest that accrues to a participant's loan account if he/she avails of an educational loan (for the period he/she is in IIM Indore). 
• The actual NBFA awarded would be a percentage of the above maximum amount depending on the family income and movable assets held by the family. Disciplinary records of the participants will also be considered while awarding NBFA.

Check: Right time to start preparing for the IPMAT exam

NBFA Process

The IPMAT Fee Structure and Scholarship offered by the IIMs have special processes that every student needs to follow.

Here is how you can access the IPM Fee Structure and Scholarship from IIMs-

• In the first stage, the participant's financial needs will be assessed by evaluating the application submitted by the participants. 
• Based on the assessment at stage I, some participants are called for personal interaction with the NBFA Committee in the second stage. 
• During this interaction, NBFA Committee will evaluate the participant's financial need and check the correctness of the details provided by the participant in the application. 
• Applicants will be provided financial assistance based on the evaluation at stages I and II.

NBFA Amount for Current Financial Year

NBFA (Need-based Financial Assistance) scheme provides financial assistance based on the family income and the family's movable assets.

The below table will show all the details regarding that.

S No.	Family annual Income from all sources per annum Rs.	Any other condition which will be considered before sanction and render the participant ineligible	NBFA educational loan interest reimbursement	Other Benefits
1.	Up to Rs. 4,50,000/-	Movable assets like FDs / shares above Rs.10,00,000 and car ownership. Ownership of any asset, not more than 600 sq. ft.	100% of the interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees to IIM Indore.	Rs.4,500 /- monthly for 10 months towards mess fee reimbursement in a year. Or Rs.1,000 /- per month reimbursed for internet connection if not on campus due to Covid -19 situation.
2.	Rs. 4,50.001/- to 9,00,000/-	Ownership of building not more than 600 sq. ft. Movable assets like FDs / shares above Rs.10,00,000 and car ownership.	50% of the Interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees to IIM Indore.	NIL

IPM Fee Structure (IIM Rohtak)

The Indian Institute of Management Rohtak (IIM Rohtak) is one of the country's top management institutes, offering a range of courses in management. The fee structure for the various programs the institute offers is given below.

Check: Short trick to managing IPMAT exam and board exam

IPM Fee Structure (IIM Ranchi)

The Indian Institute of Management Ranchi (IIM Ranchi) is again one of the country's top management institutes, offering a range of courses in management.

The fee structure for the various programs the institute offers is given below.

Note that IIM Ranchi accepts IPMAT Indore scores. 

Check: IPMAT College List

Conclusion

IPM is costly; you must not blindly opt for it without knowing the IPMAT Fee Structure and Scholarship programs. The fees for the program are very high compared to all other colleges. However, every bank offers loans at lower interest rates. Lastly, scholarship programs allow students to pursue their dreams regardless of their financial circumstances.

Check: Preparing strategy for IMPAT