Indian Institute of Foreign Trade (IIFT), New Delhi Scholarships 2025 - Details, Eligibility, Amount

About Indian Institute of Foreign Trade (IIFT), New Delhi Scholarship

Indian Institute of Foreign Trade (IIFT), New Delhi, offers a variety of scholarships aimed at supporting meritorious and financially needy students enrolled in its regular full-time programs. These scholarships promote inclusivity, reward academic excellence, and ease the financial burden faced by deserving students. This comprehensive guide details the types of scholarships available, eligibility criteria, the application process, and renewal terms as per the latest verified data.

Types of Scholarships

• Merit-Based and Merit-cum-Means Scholarships:
  Scholarships are awarded to students demonstrating excellent academic performance combined with financial need. The New Scholarship Scheme (NSS) is a prominent merit-cum-means scholarship providing a tuition fee waiver of 20% to top 10% of students admitted in full-time programs.

• Need-Based Scholarships:
  IIFT runs a Need-Based Scholarship Scheme providing interest subsidies on educational loans for eligible candidates. This scheme aimed to assist students whose family income is below INR 6.5 Lakhs annually by subsidizing the interest on education loans for 27 months.

• Government Scholarships:
  Students belonging to reserved categories (SC, ST, OBC, EBC) and differently-abled students can avail themselves of several central and state government scholarships including:

  • Central Sector Scholarship of Top-Class Education for SC/ST Students

  • Merit-Cum-Means Scholarship for Professional and Technical Courses for Minority Category Students

  • PM YASASVI Scholarship for OBC/EBC/DNT students
    Scholarships are granted per the guidelines of the Ministry of Social Justice & Empowerment and Ministry of Tribal Affairs.

• Private and External Scholarships:
  The Exim Bank Scholarship is awarded annually to toppers among SC/ST students, covering tuition fees for the second year of MBA(IB) up to INR 3.5 Lakhs. Other organizations occasionally collaborate with IIFT to provide additional support.

Eligibility Criteria

• The New Scholarship Scheme (NSS) requires applicants to be enrolled in a regular full-time program like MBA (International Business), MBA (Business Analytics), M.A. (Economics), or IPM.

• The scheme applies to students with a family income below INR 8 Lakhs per annum (subject to periodic revision).

• Selection under NSS is based on a means-cum-merit formula, where 70% weight is given to the financial means and 30% to academic merit (CGPA upon course completion).

• Need-Based Scholarships require proof of family income less than INR 6.5 Lakhs and availing an educational loan.

• Government scholarships have varied eligibility criteria typically requiring valid category certificates and adherence to specific income thresholds.

• Private scholarships like Exim Bank’s require students to be toppers in their respective categories and enrolled in MBA (IB).

How to Apply for Scholarship

• Eligible students must apply online via the official IIFT portal or as directed during the admission process.

• For merit-cum-means scholarships, applications are considered automatically based on academic results and income declarations submitted during admission and program completion.

• Need-Based Scholarship applicants should submit educational loan documents and family income certificates along with a scholarship application form.

• Government scholarships require submission of required certificates and application through the National Scholarship Portal or relevant state portals.

• All applications are reviewed by a dedicated scholarship committee comprising senior faculty and administrative officials.

Renewal and Duration

• Scholarships under the New Scholarship Scheme are awarded after successful completion of the program, based on final academic results and financial eligibility.

• Need-Based Scholarships on education loans typically cover interest subsidy for up to 27 months, starting from the date of loan disbursement.

• Government scholarships usually require annual renewal based on academic progress and continued eligibility.

• Students must maintain stipulated academic performance and attendance to retain scholarships when/if renewal applies.

• Where students receive scholarships from multiple sources, the institute balances or adjusts awards to avoid duplication.

Scholarship Name | Eligibility | Benefits | Application Process

Additional Information

IIFT reserves the right to modify or add scholarship schemes based on evolving policies. Scholarships significantly reduce financial barriers for deserving candidates while encouraging academic excellence and diversity. Students are encouraged to regularly check the official IIFT website and notice boards for updates, deadlines, and detailed application guidelines.