IIM Lucknow (IIML): Scholarships 2025 – Eligibility, Application & Amount

The IIM Lucknow's commitment to student support spans through different scholarships regardless of how wealthy or poor they are. They provide Need-Based Scholarships directly to students who show remarkable academic performance but do not get enough income from their families. However, there are Complimentary Scholarships given by the Government of India, alumni, and industries as well. For those pursuing advanced studies, IIM Lucknow also offers Fellowship Programmes, which include grants for fellowships, contingency expenses, conference support, and other miscellaneous financial aid.

Need-based Scholarships Offered by IIM Lucknow:

IIM Lucknow offers special need-based scholarships to students whose total family income (including themselves, their parents, and their spouse, if applicable) is less than INR 4 lakhs per year. To receive these scholarships, the family's income is checked based on factors like the candidate's past earnings and the size of their student loans. Scholarships are awarded based on merit and are available for at least one year. The institute prefers to give these scholarships to students with a strong academic record. The scholarships are given as a fee waiver, reducing the cost of their studies.

Complimentary Scholarships:

Apart from the need-based scholarships that IIM Lucknow provides, students can also apply for various forms of financial aid. These consist of many types of assistance offered by fellowship programs, which include conference support, fellowship grants, emergency funding, and other sporadic financial assistance.

• Government Scholarships: Students can receive financial aid from India. The entire Central and State governments provide scholarships to bright students who face financial problems at the school level. IIM Lucknow guides students in getting these government scholarships to augment their education.
• Industry Scholarships: Popular sectors and companies provide also financial aid to people. These organizations give college students financial help to get through their studies.
• Alumni Support: Former students of IIM Lucknow, as well as corporate sponsors, sometimes offer financial aid to current students who need it. This support is given based on specific conditions to help deserving students.

Fellowship Programs:

In addition to IIM Lucknow scholarships and financial aid from other sources, there are fellowship programs that include fellowship grants.

Fellowship Grant:

• A fellowship allowance is granted to Indian scholars who are accepted into the program for a maximum of four and a half years.
• During the first and second years, scholars get a monthly stipend of INR 35,000.Until students pass the Comprehensive Exam at the conclusion of the second year, they will continue to receive this stipend.
• From the third year onward, after passing the comprehensive exam in the third year, the stipend increases to INR 40,000 per month.

Contingency Grant:

• All resident Indian scholars in the program receive a contingency allowance for up to four and a half years.
• During the first and second years, they get INR 10,000 per year. In the third and fourth years, the grant increases to INR 15,000 per year. This money can be used for buying books, stationery, computer hardware, software, and other related expenses.
• Scholars can also get a one-time grant of INR 50,000 for purchasing a computer, which should be used before completing the course work.

Conference Support :

Scholars receive a total of INR 1,40,000 for conference-related expenses. This grant covers:

• Attending one international conference after submitting the thesis proposal.
• Attending one domestic conference each in the third and fourth years. Additionally, there is an extra travel grant of INR 10,000 that can be used in either the third or fourth year.
• Attending a domestic Doctoral Consortium or the annual inter-IIM Doctoral Consortium organized by IIMs, IISc, or IGIDR.

Miscellaneous Financial Support :

• Scholars can be reimbursed for the annual membership fees of one national and one international professional society during their third and fourth years.
• In addition, the students are entitled to repayments of the travel, boarding, lodging, and local conveyance expenses incurred in the case-writing and field research during the third and fourth years, up to a limit of INR 50,000.
• The Institute provides additional support, including reimbursement for family health insurance premiums, to married FPM scholars with families residing on campus.
• The Institute provides a combined health insurance cover of INR 100,000 for the scholar, their spouse, and two children, with the premium for this coverage being reimbursed.

How to apply for Scholarships at IIM Lucknow ?

To apply for IIM Lucknow Scholarships,

Step 1: Go to the official website (iiml.ac.in) or the website for the scholarship you want.Find the section about scholarships or financial assistance.

Step 2: Gather and prepare the necessary documents before you submit your application. You'll need:

• an image scanned of your picture.
• scanned copies of your diplomas from grades 10 and 12 (as well as your graduation certificates if you're applying to graduate school).
• Identity and confirmation of your family's income are required by the institute.

Step 3:Submit your scholarship application online. After submission, note down the temporary or permanent ID number given to you for future reference.