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IPMAT Fee Structure and Scholarship 2023

Author : Palak Khanna

August 11, 2022

SHARE

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

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

The IPM is a 5-year full-time integrated course in management. This year around 18000 students have appeared for the IPMAT Exam, and only 120 extremely talented and hardworking will get a chance to study the IPM course in one of the best management colleges, i.e., IIM Indore.

In this article, you will get to know all details about the IPMAT Fee Structure, and Scholarship offered.

IPM Fee Structure (IIM Indore)

The students belonging to India and are a resident of India will have to pay Rs. 4,00,000/- per annum for the first 3 years i.e. Rs. 12,00,000/- for 3 years.

The students belong outside India, i.e., international applicants, they have to pay Rs. 6,00,000/- per annum for the first 3 years i.e. Rs. 18,00,000 for 3 years.

Download Free Study Material for IPMAT Exam by Super Grads

  • The fee for the fourth and fifth years will be the same as per the students prevailing Postgraduate Programme in Management (PGP). The fee the students will be paying for their PGP program is the same one you will also pay at that time. And the amount you will get to know then only in your fourth and fifth year of the IPM program.
  • The course fees include all the other facilities fees also, 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, and for the last 2 years, i.e., fourth and fifth years, they provide single room accommodation.

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

ipmat mock test

ipmat Mock test

Scholarship Program

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 center of SuperGards is offering an AISAT scholarship; you can get a discount for IPM Coaching 2023-2024

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

  • The students who have been shortlisted by the IIM Indore for admission in their Post Graduate Programme in Management (PGP), Integrated Programme in Management (IPM), and Post Graduate Programme 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 the IIM Indore. If your family income is more than Rs. 9,00,000/- this year, then you are not eligible to avail of 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 taken into consideration while awarding NBFA.

Read more: Right time to start preparing for the IPMAT exam

NBFA Process

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

ipmat online coaching

ipmat online coaching

NBFA Amount for Current Financial Year

NBFA (Need-based Financial Assistance) scheme provides financial assistance based on the family income and movable assets held by the family. 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. Upto Rs. 4,50,000/- Movable assets like FDs / shares above Rs.10,00,000 and ownership of a car.
Ownership of any asset, not more than 600 sq. ft.
100% of interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees to IIM Indore. Rs.4,500 /- per month 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 ownership of a car.
50% of Interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees to IIM Indore.  NIL

Read more: Short trick to managing IPMAT exam and board exams 

Frequently Asked Questions

Family will include: Applicant and his / her spouse, if any. Both the surviving parents of the applicant. Unmarried brothers and sisters of the applicant Married brothers and their wives. Any other who is dependent on parents of the applicant for their livelihood
Below mentioned are the following documents required to be submitted for earning members: Attested copy of Ration Card of the applicant, Residence proof (ration card, passport or bank passbook), Age proof (birth certificate or school certificate), Income details (affidavit from a notary, salary slip or Monthly Salary Certificate).
The students belonging to India and are a resident of India will have to pay Rs. 4,00,000/- per annum for the first 3 years i.e. Rs. 12,00,000/- for 3 years. The fee for the fourth and fifth year will be the same as per the students prevailing Post graduate Programme in Management (PGP). The fee which the students will be paying for their PGP programme is the same fee you will also pay at that time. And the amount you will get to know then only in your fourth and fifth year of the IPM program.
The students belongs outside Indian i.e. international applicants they have to pay Rs. 6,00,000/- per annum for the first 3 years i.e. Rs. 18,00,000 for 3 years. The fee for the fourth and fifth year will be the same as per the students prevailing Post graduate Programme in Management (PGP). The fee which the students will be paying for their PGP programme is the same fee you will also pay at that time. And the amount you will get to know then only in your fourth and fifth year of the IPM program.
This year around 18000 students have appeared for the IPMAT and only 120 extremely talented and hardworking will get a chance to study IPM course in one the best management college i.e. IIM Indore.
  • Home
  • IPMAT Fee Structure ...

IPMAT Fee Structure and Scholarship 2023

Author : Palak Khanna

Updated On : August 11, 2022

SHARE

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

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

The IPM is a 5-year full-time integrated course in management. This year around 18000 students have appeared for the IPMAT Exam, and only 120 extremely talented and hardworking will get a chance to study the IPM course in one of the best management colleges, i.e., IIM Indore.

In this article, you will get to know all details about the IPMAT Fee Structure, and Scholarship offered.

IPM Fee Structure (IIM Indore)

The students belonging to India and are a resident of India will have to pay Rs. 4,00,000/- per annum for the first 3 years i.e. Rs. 12,00,000/- for 3 years.

The students belong outside India, i.e., international applicants, they have to pay Rs. 6,00,000/- per annum for the first 3 years i.e. Rs. 18,00,000 for 3 years.

Download Free Study Material for IPMAT Exam by Super Grads

  • The fee for the fourth and fifth years will be the same as per the students prevailing Postgraduate Programme in Management (PGP). The fee the students will be paying for their PGP program is the same one you will also pay at that time. And the amount you will get to know then only in your fourth and fifth year of the IPM program.
  • The course fees include all the other facilities fees also, 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, and for the last 2 years, i.e., fourth and fifth years, they provide single room accommodation.

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

ipmat mock test

ipmat Mock test

Scholarship Program

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 center of SuperGards is offering an AISAT scholarship; you can get a discount for IPM Coaching 2023-2024

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

  • The students who have been shortlisted by the IIM Indore for admission in their Post Graduate Programme in Management (PGP), Integrated Programme in Management (IPM), and Post Graduate Programme 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 the IIM Indore. If your family income is more than Rs. 9,00,000/- this year, then you are not eligible to avail of 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 taken into consideration while awarding NBFA.

Read more: Right time to start preparing for the IPMAT exam

NBFA Process

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

ipmat online coaching

ipmat online coaching

NBFA Amount for Current Financial Year

NBFA (Need-based Financial Assistance) scheme provides financial assistance based on the family income and movable assets held by the family. 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. Upto Rs. 4,50,000/- Movable assets like FDs / shares above Rs.10,00,000 and ownership of a car.
Ownership of any asset, not more than 600 sq. ft.
100% of interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees to IIM Indore. Rs.4,500 /- per month 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 ownership of a car.
50% of Interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees to IIM Indore.  NIL

Read more: Short trick to managing IPMAT exam and board exams 

Frequently Asked Questions

Family will include: Applicant and his / her spouse, if any. Both the surviving parents of the applicant. Unmarried brothers and sisters of the applicant Married brothers and their wives. Any other who is dependent on parents of the applicant for their livelihood
Below mentioned are the following documents required to be submitted for earning members: Attested copy of Ration Card of the applicant, Residence proof (ration card, passport or bank passbook), Age proof (birth certificate or school certificate), Income details (affidavit from a notary, salary slip or Monthly Salary Certificate).
The students belonging to India and are a resident of India will have to pay Rs. 4,00,000/- per annum for the first 3 years i.e. Rs. 12,00,000/- for 3 years. The fee for the fourth and fifth year will be the same as per the students prevailing Post graduate Programme in Management (PGP). The fee which the students will be paying for their PGP programme is the same fee you will also pay at that time. And the amount you will get to know then only in your fourth and fifth year of the IPM program.
The students belongs outside Indian i.e. international applicants they have to pay Rs. 6,00,000/- per annum for the first 3 years i.e. Rs. 18,00,000 for 3 years. The fee for the fourth and fifth year will be the same as per the students prevailing Post graduate Programme in Management (PGP). The fee which the students will be paying for their PGP programme is the same fee you will also pay at that time. And the amount you will get to know then only in your fourth and fifth year of the IPM program.
This year around 18000 students have appeared for the IPMAT and only 120 extremely talented and hardworking will get a chance to study IPM course in one the best management college i.e. IIM Indore.

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