Institute of Business Management and Research Scholarships 2025 - Details, Eligibility, Amount

About Institute of Business Management and Research Scholarship

The Institute of Business Management and Research (IBMR), under IPS Academy Indore, offers a range of scholarships to help deserving and talented students pursue their education without financial constraints. These scholarships are available to students from all backgrounds, and include merit-based, need-based, government-funded, and private scholarships. The goal is to make quality education accessible and affordable for all eligible students.

Whether you are a high-performing student from a financially weaker section or belong to a special category (SC/ST/OBC/minority), there are options available to support your academic journey.

Types of Scholarships

1. Merit-Based Scholarships

These scholarships are offered to students who show outstanding academic performance. Based on marks in previous exams (Class 12 for UG or Graduation for PG), the institute may provide fee waivers or discounts.

2. Need-Based Scholarships

Offered to students from economically weaker sections (EWS). Students must provide income certificates and other documents to show financial need.

3. Government Scholarships

The following scholarships from the Central and State Governments are accepted and encouraged by the institute:

• Post-Matric Scholarship for SC/ST/OBC students (provided by the Madhya Pradesh Government)

• Minority Scholarships (offered under the Ministry of Minority Affairs, Government of India)

• National Scholarship Portal (NSP) Schemes

• AICTE Pragati and Saksham Scholarships (for girls and students with disabilities)

4. Private Scholarships

IBMR also supports students in applying for corporate and NGO-funded scholarships, such as:

• LIC Golden Jubilee Scholarship

• Sahu Jain Trust Scholarship

• Foundation for Excellence (FFE)

• NSDL Shiksha Sahyog Scholarships

Eligibility Criteria

Scholarship eligibility depends on the type of scholarship applied for:

• Merit-Based: Must have at least 75–85% marks in previous exams

• Need-Based: Family income must be below a certain threshold (e.g., ₹2.5 – ₹5 lakhs per year)

• Government Scholarships: Belong to the eligible category (SC/ST/OBC/Minority/PH) with income and domicile proof

• AICTE Scholarships: Must be enrolled in AICTE-approved courses with a relevant background

Each scholarship may have slightly different requirements, so students must check individual scholarship rules before applying.

How to Apply for Scholarships

Students can apply for scholarships in the following ways:

Step-by-Step Process:

1. Collect information about available scholarships during admission

2. Fill the application form – online or offline, as per the scholarship guidelines

3. Attach required documents (mark sheets, income proof, caste certificate, bank details, etc.)

4. Submit the application to the scholarship cell at IBMR or directly on the official portals like scholarships.gov.in

5. Keep track of application status and follow up with the helpdesk if needed

Students may apply for more than one scholarship, but final approval depends on the policy of the funding agency.

Renewal and Duration

• Merit and Need-Based Scholarships are generally renewable every year, based on student performance and regular attendance

• Government scholarships are usually disbursed annually and renewed based on compliance with academic and conduct requirements

• Students must maintain the required grades (e.g., 60% or above) and submit renewal forms with updated academic details

Scholarship Table Summary