Overview: Explore the IIM IPMAT fee structure and scholarships for IIM Indore's IPM program. Uncover details about IIM BBA fees, financial assistance options, and how you can afford this esteemed program. Dive in to learn more about making your management education dreams a reality!

The Integrated Program in Management (IPM) is a prestigious course for students who have completed 10+2 and seek a career in management. Launched by IIM Indore in 2011, it offers a B.A. Foundations in Management, followed by a Masters in Business Administration (MBA).

Admission to IPM is based on the Integrated Program in Management Aptitude Test (IPMAT). This 5-year course usually sees around 25,000 applicants competing for 150 seats at IIM Indore.

Are there scholarships available? What is the fee structure for IPM at IIM Indore? Is it affordable? Get answers to all these questions and more in this article.

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IPMAT Fees: IIM Indore (UG+PG):

Indian students will have to pay 17,05,133 for the first three years of UG program (B.A Foundation in Management).
For the remaining 4th and 5th year of IPM (MBA), you will have to pay 21,17,158.

Let's understand IIM IPMAT fees with more details via the following table:

Years	Fees for IPMAT (in INR)
1st Year	6,04,679/-
2nd Year	5,54,679/-
3rd Year	5,54,679/-
4th Year	11,04,679/- (For 24-29 batch)
5th Year	10,12,479/-(For 24-29 batch)
Grand Total	38,31,195/-

Note: The tuition for the final two years will be adjusted to match the MBA program fees set at that time. 

The fees of IPMAT exam or IIM Indore IPM fee structure for students who belong outside the country, i.e., international applicants, must pay INR 45,81,195/- for all the 5 years. 

• The fourth and fifth year IPMAT 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 tables below for the exact IPMAT fees in IIM Indore in the official Brochure.

For Domestic Participants (Applied through IPM AT)

First Years of BBA

Head	IPM-I	Installments
	AY 2024-25	Term-I	Term-II	Term-III
Course Fee	500000	170000	165000	165000
Medical Insurance Premium *	679	679	-	-
Refundable caution Deposit **	50000	50000
Mess Deposit ***	54000	18000	18000	18000
Grand Total	604679	238679	183000	183000

Second Year of BBA

Head	IPM-II	Installments
	AY 2025-26	Term-I	Term-II	Term-III
Course Fee	500000	170000	165000	165000
Medical Insurance Premium *	679	679	-	-
Refundable caution Deposit **	50000	50000
Mess Deposit ***	54000	18000	18000	18000
Grand Total	554679	238679	183000	183000

Third Year of BBA

Head	IPM-III	Installments
	AY 2026-27	Term-I	Term-II	Term-III
Course Fee	500000	170000	165000	165000
Medical Insurance Premium *	679	679	-	-
Refundable caution Deposit **	50000	50000
Mess Deposit ***	54000	18000	18000	18000
Grand Total	554679	238679	183000	183000

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For International Students

First Years of BBA

Head	IPM-I	Installments
	AY 2024-25	Term-I	Term-II	Term-III
Course Fee	750000	250000	250000	250000
Medical Insurance Premium *	679	679	-	-
Refundable caution Deposit **	50000	50000	-	-
Mess Deposit ***	54000	18000	18000	18000
Grand Total	854679	318679	268000	268000

Second Years of BBA

Head	IPM-II	Installments
	AY 2025-26	Term-I	Term-II	Term-III
Course Fee	750000	250000	250000	250000
Medical Insurance Premium *	679	679	-	-
Refundable caution Deposit **	-	-	-	-
Mess Deposit ***	54000	18000	18000	18000
Grand Total	804679	268679	268000	268000

Third Years of BBA

Head	IPM-III	Installments
	AY 2026-27	Term-I	Term-II	Term-III
Course Fee	750000	250000	250000	250000
Medical Insurance Premium *	679	679	-	-
Refundable caution Deposit **	-	-	-	-
Mess Deposit ***	54000	18000	18000	18000
Grand Total	804679	268679	268000	268000

Note:

• * Mediclaim insurance premium will be on actuals.
• ** Caution deposit will be refundable on completion of the five year course.
• *** Mess deposit will be adjusted against actual mess bill.

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IPMAT Scholarship Program

The Scholarship Program offered at the college is given below: 

Need-Based Financial Assistance (NBFA)

The Need-Based Financial Assistance (NBFA) at IIM Indore is designed to ensure that no participant is deprived of education due to financial constraints. This scholarship program is available to students enrolled in the Post Graduate Program in Management (PGP), Integrated Program in Management (IPM), and Post Graduate Program in Human Resource Management (PGPHRM).

Eligibility Criteria for NBFA

The NBFA is available to students who meet the following conditions:

• Economically Weaker Sections (EWS): Participants admitted under the EWS quota are eligible for NBFA. Those who applied under the EWS quota but secured admission through general or any other quota are also eligible.
• Reserved Categories: Applicants from SC, ST, OBC, or physically handicapped categories who meet the financial criteria can apply for the NBFA

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.

NBFA Application Process

The application for the NBFA involves several key steps, as outlined below:

• Form Submission: Applicants must complete and submit the NBFA application form, which includes sections for personal and financial information, to be verified and signed by the applicant and their guardian.
• Financial Assessment: The NBFA Committee conducts an initial review based on the submitted forms to assess the financial need.
• Personal Interaction: Selected applicants may be called for personal interaction to further evaluate their financial situation and the authenticity of their application.

NBFA Amount for Current Financial Year

NBFA (Need-based Financial Assistance) scheme provides financial assistance for IIM BBA fees 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​	Ownership of more than one building (residential/commercial), movable assets like FDs and shares more than Rs. 10 lakhs​	100% of interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees​	Rs. 4500/- per month for 10 months towards mess fee reimbursement in a year​
2.	Rs. 4,50,001 to Rs. 12,00,000​	Ownership of more than one building (residential/commercial), movable assets like FDs and shares more than Rs. 10 lakhs​	50% of educational loan interest reimbursement​	NIL

Merit-based Awards Under NBFA

In addition to financial assistance, IIM Indore encourages academic excellence through merit-based awards. Recipients of NBFA who excel in their academics are eligible for additional awards equivalent to the tuition fees. The allocation of these awards is as follows:

Program	Year	Number of Awards
PGP	I	3
PGP	II	3
IPM	I	1
IPM	II	1
IPM	III	1
PGP HRM (PGPHR)	I	1
PGP HRM (PGPHR)	II	1

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Scholarships and Financial Assistance at IIMs and Other Institutes

IIM Ranchi's Merit Cum Means Scholarship

IIM Ranchi has introduced the Merit Cum Means Scholarship Program to support 25 students annually. The scholarship is available to students in the MBA, MBA-Business Analytics, MBA-Human Resources Management, and Integrated Programme in Management (IPM) at the institute.

The total scholarship fund is approximately Rs. 1 crore annually, distributed among the selected students to significantly reduce their financial burden.

IIM Bodhgaya's Scholarship

The Need-Based Financial Assistance (NBFA) scheme at IIM Bodhgaya ensures students in the Integrated Programme in Management (IPM) aren't deprived of education due to financial constraints.

Process: The NBFA Committee uses a two-step process to determine the number of awardees and the amount of aid:

• Stage I: Financial need is assessed through an application.
• Stage II: Selected participants may have a personal interaction with the NBFA Committee.

Financial Assistance Cap: Assistance is capped at the Tuition Fee for the Academic Year, awarded as a percentage based on family income.

Eligibility and Application: Students must apply with a prescribed form and required documents, available at the IPM Office. Awards are based on family income and disciplinary records.

New Scholarship Scheme of IIFT

• Coverage and Amount: The new scholarship scheme at IIFT covers 10% of students in all full-time/regular degree courses, providing 20% of the tuition fee as the scholarship amount.
• Eligibility Criteria: The scholarship is based on a "means-cum-merit" criteria, with 70% weightage given to financial need (means) and 30% to academic performance (merit). Family income must be less than Rs. 8 lakhs per annum, with potential for revision.
• Disbursement: Scholarships are disbursed after the successful completion of the program. MBA (IB), MBA (BA), and MA (Eco.) students receive it upon program completion, while IPM students get it after completing both BBA and MBA.
• Exclusions: Students receiving equivalent or higher scholarships from other sources are not eligible. If the other scholarship is less, the balance amount is payable by this scheme.
• Evaluation Committee and Scoring: A committee consisting of senior faculty, administrative officers, and a student representative evaluates and recommends eligible students based on a scoring system:

1. Income (Means): Up to Rs. 5 lakhs scores 100%, Rs. 5-6 lakhs scores 90%, Rs. 6-7 lakhs scores 80%, Rs. 7-8 lakhs scores 70%.
2. CGPA (Merit): 3.50 or more scores 100%, 3.00-3.49 scores 90%, 2.50-2.99 scores 80%, 2.00-2.49 scores 70%.

If eligible students exceed available scholarships, those with higher scores are prioritized. The scheme is effective from the AY 2023 onwards.

Nirma University's Merit Scholarship for BBA

Nirma University offers merit-based scholarships up to Rs. 2,00,000 per annum to top-performing students, with additional scholarships available based on family income under the Merit Cum Means category.

Sr. No.	Admitted Under All India Category	Admitted Under Gujarat State Category	Amount (Rs./per annum)
1	Top 05 students	Top 02 students	2,00,000/- each
2	Other 03 students	Other 01 student	1,50,000/- each
3	Another 07 students	Another 02 students	1,00,000/- each

Know more: IIM IPM Indore Course 2025

IPM is costly; you must not blindly opt for it without knowing the IPMAT Fee Structure and Scholarship programs. The IPMAT coaching fees 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.

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Other Scholarships Offered by Private Corporations at IIM Indore

1. Aditya Birla Scholarship- 

• This scholarship is awarded to academically strong students in the first year, and they can continue receiving it in the second year as well if they are among the top 25 students as per the CGPA for the first year.  
• 1 or 2 students may receive this scholarship.  
• The amount received will be INR 1,75,000 per year. 

2. OPJEMS Scholarship- 

• Top 20 students from the second year based on the CGPA of their first year are eligible to apply for this scholarship.  
• They are required to clear a written test and sit for a personal interview. 1 or 2 students may receive this scholarship. The amount received will be INR 1,25,000. 

3. State Bank of India Scholarship-

• This is a merit-based scholarship provided by the SBI on a yearly basis, provided there is a student who qualifies for it.  
• The amount given is INR 1,50,000. 

4. Eicher Scholarship- 

• This is a merit-based scholarship awarded for the sum of INR 50,000 every year to a deserving student. 

All these scholarships are valid for 5-year integrated course for almost all IIMs.

Key Takeaways:

• Fee Structure: The IIM Indore IPM program costs INR 38.31 lakhs for Indian students and INR 45.81 lakhs for international students over five years, including amenities like lodging and internet.
• Need-Based Financial Assistance (NBFA): NBFA ensures no student is deprived of education due to financial constraints, with eligibility based on family income below INR 9 lakhs per annum.
• Scholarship Options: Scholarships available include the Central Sector Scholarship for SC/ST students, Minority Welfare Scholarship, and merit-based scholarships from private corporations, offering awards from INR 50,000 to INR 1.75 lakhs per year.
• Accommodation: Students share accommodations for the first three years and have single rooms for the last two years.
• Comprehensive Support: Financial assistance and scholarships cover fees and living expenses, making the program accessible to students from various economic backgrounds.