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CAT Scholarship 2021: Check Scholarships Offered by IIMs and Other B Schools
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Nikkil Visha

Exams Prep Master | Updated On - Nov 22, 2021

CAT Scholarships are offered by premier IIMs and other B schools on the basis of CAT scores. Prestigious IIMs like IIM Ahmedabad, Lucknow, and Bangalore provide government-aided and special scholarships to students based on their CAT scores, academic performance, and economic background.

  • The total fee structure of MBA program at IIM-B is around 20 lakhs and thus scholarships provided at IIM Bangalore are very important. PGP students with annual household incomes below INR 6, 00,000 are eligible to apply for the scholarship. Read More IIM Banglore Cutoff & Admission Criteria
  • Private institutes are also ahead in assisting students through various scholarships to pay their tuition fees. B schools like LPU, TA PAI, Amity, and likewise grant up to 100% fee waiver to eligible students. Others like MDI, ISB make it to the list of institutes offering scholarships to students based on their merit and need. Read the article to know about various scholarships offered by institutes that you can get after CAT 2021.

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IIM Ahmedabad Scholarship

IIM Ahmedabad Scholarship through CAT

The elite institute provides a need-based scholarship for economically weak students. The scholarship amount is based on the annual gross family income. For an instance,

S.No. Name of the Scholarship Eligibility Criteria Amount
1. IIMA Special Need Based Scholarships For economically weak students who wish to pursue PGP or PGP-ABM. This is a fee waiver scheme offered on the basis of the family income of the student. Depends on the annual gross family income
2. Family Income Linked Tuition Fee Waiver Scheme Students whose total family income is less than Rs. 6 lakh in the previous financial year. NA
3. IIMA Special Scholarships (need-based) Students who have a total family income of less than Rs. 200,000 as of the last financial year. The salaries of parents/guardians and spouse are considered for this and the income of the student or his siblings are not considered. NA
4. Industry Scholarships (need-based) Students who are not registered for the IIMA special scholarships can apply NA
5. SC/ST Scholarships Only SC/ST category students having valid certificates can apply for this scholarship. Rs.150 per month for 10 months
6. GOI Merit-cum-Means Scholarships At least 25% students belonging to the non-sponsored student body from both first and second year are awarded this scholarship. Rs.2,200 per year
7. Aditya Birla Group Scholarships Candidates are shortlisted by ABG on the basis of merit. Around six students are shortlisted. Rs.1.25 lakh per student per annum
8. OP Jindal Engineering and Management Scholars Two students are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview. NA
9. Dunia Scholarships for scholastic excellence Two students are shortlisted for this scholarship on the basis of merit. Rs.100,000 per student
10. Ocwen Scholarship for Competence in Academics The scholarship is given to a first-year student who is shortlisted through a research paper and PI. NA
11. ONGC SC/ST Merit-cum-Means Scholarships Few of the SC/ST students are shortlisted for this scholarship. NA
12. State Scholarship State Governments sometimes fund the education of some of the best students from those states. NA

Read More IIM Ahmedabad Admission Criteria and CAT Cutoff


IIM Bangalore Scholarship

IIM Bangalore Scholarship through CAT

The scholarship committee undertakes the two-step process for deciding the number of scholarship awardees. Along with the financial aid which is provided on the basis of financial needs there are certainly other scholarships that can be availed by the students by fulling the required criteria. 

S.No. Name of the Scholarship Eligibility Criteria Amount
1. Aditya Birla Scholarship Few students from both first and second year are shortlisted who belong to the top 25% students of their respective batches in terms of performance. Rs.175,000 per student
2. Uday Nayak Scholarship A second-year student is shortlisted for this scholarship. Rs.10,000
3. T Thomas Scholarship A second-year student is shortlisted for this scholarship based on merit. Rs.100,000
4. OPJEMS Scholarship Two students are shortlisted for this scholarship one each from first and second year. Rs.125,000 per student
5. Rajesh Kaushik Memorial Scholarship Selection is strictly merit based. Rs.150,000 per annum
6. Ocwen Financial Solutions Private Limited One of the students is shortlisted on the basis of research paper submitted by the students. Rs.180,000
7. Cognizant Technology Solutions - B’izard Scholar Three students are shortlisted on the basis of academic excellence, leadership qualities and willingness to serve the community and study further in the same field. Winner: Rs.3 lakhs, 1st Runner-up: Rs.2 lakhs and 2nd Runner-up: Rs.3 lakhs
8. Societe Generale Global Solution Centre India Scholarship Students in need are nominated by the institute and are shortlisted on the basis of interviews. Full tuition fee waiver

IIM Lucknow Scholarship

IIM Lucknow Scholarship through CAT

Different scholarships provided by the institute are:

  • Need-Based IIML Scholarships in which IIM Lucknow awards scholarships for up to 15% of the student intake based on merit and family income.
  • Industry Sponsored Scholarship: Several industries also sponsor scholarships ranging from INR 6,000 to INR 1 Lac per annum.
S.No. Name of the Scholarship Eligibility Criteria Amount
1. Need-Based IIML Scholarships 15% students from a batch are offered scholarships on the basis of family income and previous academic performance. Students having a family income less than Rs.150,000 can apply. NA
2. Industry Sponsored Scholarships Students are shortlisted from every year based on their academic performance Varies from Rs.6,000 to Rs.100,000 p.a.
3. Merit-cum-Means Scholarships 25% of the students subject to specified norms are shortlisted for this scholarship Rs.2200 per student p.a.
4. Bharti Scholarship Students whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply. Rs.50,000 p.a.
5. SC/ST Scholarships All SC/ST students are eligible to apply Rs.1500 p.a.
6. Other Scholarships Students are shortlisted based on family income and their fees and maintenance charges are covered by the government of the state to which the candidate belongs. NA

Read More IIM Lucknow Admission Criteria


Other B Schools Scholarships

Other B Schools Offering Scholarships through CAT

Read about various other top B-schools that offers scholarships based in CAT Score. 

Institute of Rural Management, Anand Scholarships

IRMA provides scholarships from Sir Ratan Tata. Also, more than 15 other scholarships are made available by the Ministry of Social Justice and Empowerment that covers the entire cost of education of SC/ST candidates Another 5 scholarships from the Ministry of Tribal Affairs and a National Dairy Development Board scholarship can be availed by the SC/ST candidates.

  • Merit Based Scholarship from Sir Ratan Tata: 5 scholarships that cover second year fees, maximum amount upto INR 50, 000.
  • SC/ST Scholarships: More than 15 scholarships are granted to SC/ST students that cover the entire cost of fees.
  • Government of India Scholarship: 10 scholarship to IRMA for SC/ST students by the government
  • Ministry of tribal affairs scholarship: Ministry offers 5 scholarships on behalf of central government to SC/ST candidates.
  • National Dairy Development Board also provides scholarship to students from tribal community.

Institute for Financial Management and Research, Chennai

  • Merit Cum Means Scholarship: Granted to outstanding candidates. Amount ranges from INR 1 lakh to even full waiver of tuition fees
  • T Thomas Scholarship: Hindustan Unilever Limited grants scholarship of upto INR 1 lakh to best candidate of PGDM course. 

ISB, Hyderabad Scholarships

ISB awards scholarships both on the basis of need and merit. It also provides a fee remission to candidates performing up to the standards set up by the institute. The scholarship varies in amount which includes some full scholarships! So if you believe you have the potential and can prove it, there is no boundary here and you can and must take admission in this institute.

The ISB also partners with several corporates to provide scholarships during the course of the academic year in which Citibank, HSBC and Novartis Group offer scholarships up to INR 6 Lacs.

Also, 10 Global Scholarships are offered to ten applicants from ten different international geographic areas and the scholarship amount ranges from INR 3 Lacs to INR 15 Lacs.

Tata Institute of Social Sciences, Mumbai Scholarships

  • MK Tata Trust Scholarship: On the basis of need cum merit candidates are selected from programmes like social work, HRM, Health administration, Hospital administration.
  • Twenty Free Studentships: Awarded to deserving and meritorious students from economically weak backgrounds.

AMITY Business School Scholarship

  • The Amity Business School offers two types of scholarships- a complete waive off or a 50% scholarship. Amity Business School offers 100% scholarship to the candidates obtaining a minimum of 93% aggregate (excluding Physical Education, Fine Arts & Performing Arts) in Class XII of CBSE/ICSE Board and 80% marks in graduation.
  • A 50% Scholarship will be awarded to candidates who secure 88 percent marks in aggregate and above in Class XII of CBSE/ICSE and 75% marks in their graduation.
Institute Details
T.A. Pai Management Institute, Manipal Scholarships Scholarship of INR 1 Lac to the top three performing students in both the years of MBA Program along with hgh CAT Score
Management Development Institute, Gurgaon Scholarships Merit Scholarships of INR 10,000 are given to five students. An additional Bharti Foundation Scholarship is also awarded on the basis of merit.
National Institute of Management, Mumbai Scholarships  Need-based concession in the tuition fee to the extent of 30% is given to the students whose family income is less than INR 150,000 (for PGDIM/PGDISEM/PGDITM students)
Jaipuria Institute of Management, Lucknow Scholarships Scholarships based on a student’s performance in their respective entrance examination through which they have taken admission in the institute for first year and later on for the second year, the scholarships are given to the first three rank holders
Welingkar Institute of Management Development and Research Topper awarded 100% fee waiver, second ranker awarded a laptop and third ranker a foreign sponsored internship.

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Private B Schools Scholarship

Scholarship by Private B Schools: IBA, LPU, SRM

Indus Business Academy, Bangalore Scholarships

There is a variety of scholarships provided at Indus Business Academy, Bangalore. Scholarship of INR 10,000 is provided via Merit-cum-means scholarships and corporate scholarships. Thus, a working professional gets help from the employer.

IBA provides a scholarship of INR 30,000 to students who have secured

  • 80% aggregate marks in their Class 10, Class 12 and Graduation, or
  • 80 percentile or above in CAT /XAT, or
  • 96 percentile or above in MAT / ATMA / CMAT / State Govt. Tests 

A scholarship of INR 40,000 is provided to candidates who secure

  • 90 percentile or above in CAT / XAT 2019, or
  • 99 percentile or above in MAT / ATMA / CMAT / State Govt. Tests.

Lovely Professional University, Phagwara Scholarships

  • Lovely Professional University, Phagwara awards scholarships based on the candidate’s performance in LPU-TFA (LPU-Test for Financial Aid) or Co-curricular activities like Sports, Cultural or National Bravery Awards.
  • CAT Percentile above 90: Scholarship amount of INR 50,000 per semester
  • CAT Percentile between 80 and 80.99: Scholarship amount of INR 40,000 per semester
  • CAT Percentile between 70 and 70.99: Scholarship amount of INR 30,000 per semester

SRM School of Management Scholarships 

  • SRM Founders Scholarship: The most prestigious scholarship for any SRM student is the SRM Founder’s Scholarships, which includes not just the full fee waiver of tuition, but also the hostel charges, mess charges, and other than this, you even get a stipend INR 1,000/- per month!! This scholarship is offered to top state rankers in school final.
  • Merit Based Scholarship: Other one is a Merit based Scholarship given to students who secure above 95% in CBSE or in State board examinations. They get up to 50% of tuition fee waiver in the branch they are eligible for at the time of counseling. A merit-Cum-Means Scholarship is offered to students with financial constraints based on their performance in the qualifying examination.
  • Scholarship for Minority Students: Scholarship upto 25% to 100% fee waiver granted to meritorious students belonging to minority community.
  • Scholarship to Physically Challenged Students: Full tuition fee waiver granted to selected students who are specially abled.

Skyline Business School, Scholarships

  • Outstanding Performance in GD/PI: Scholarship amount of upto INR 20,000 is granted.
  • First division in Graduation: Scholarship amount of upto INR 20,000 is granted.
  • 75 Percentile and above in CAT: Scholarship amount of upto INR 20,000 is granted.
  • Work experience in Grade A organisation: Scholarship amount of upto INR 20,000 is granted.

We hope you found the information helpful and you were able to arrive at a conclusion. The awards being offered must also give you a boost to perform so well that you can be benefited from the scholarships enlisted above.

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CAT Scholarship 2021 FAQs

Ques. Do IIMs provide CAT scholarships to students with a 99+ percentile?

Ans. The IIMs do not provide any specific CAT scholarships based on the percentile. However, they provide financial assistance based on the annual income of the family and their overall track record. Once a student gets admitted to one of the IIMs, the monetary issues will likely not be a problem. 

Ques. Can a CAT AIR-1 holder receive 100% scholarships in the top IIMs?

Ans. CAT scholarships do not depend on the CAT percentiles. The only criteria for availing of the scholarships are that the candidate must have performed well in the first two terms and the annual family income must be less than 6 lakhs. However, the students must remember that 100% scholarships will only be given on the tuition fees and not on other expenses.

Ques. What is the CAT scholarship for IMS Jaipur?

Ans. IMS Jaipur conducts a National Scholarship Test for the students. The students who have achieved a certain CAT score will benefit from the scholarships. The details for the same are given below:

Marks Scored 

Percentage Waive off

61 – 90 

75%

46 – 60

50%

31 – 45

30%

21 – 30

20%

0 – 20

10%

Ques. What is the industry-sponsored CAT scholarship in IIM Lucknow?

Ans. Every year, the students are shortlisted on the basis of their academic performance. The CAT scholarship amount for these students varies from INR 6 thousand per annum and 1 lakh per annum. The candidates need to secure high scores to avail the benefits of this scholarship.

Ques. Does Amity University provide CAT scholarships?

Ans. Yes, Amity University provides CAT scholarships. However, it is only given to those students who manage to secure at least 93 percentile. It is continued based on the academic performance of the student.

Ques. How can one avail of a CAT scholarship?

Ans. After the result declaration of CAT, merit is prepared by the authorities. The students who qualify the merit are further shortlisted based on the academic performance. These students are hence, called for an online test along with a personal interview.

Ques. Is clearing CAT enough for getting scholarships? 

Ans. No, clearing CAT is not enough for getting scholarships. If a student wants to receive a CAT scholarship, he needs to perform well throughout. The criteria for the same varies with different business schools. 

Ques. Which private business schools offer CAT Scholarships?

Ans. The private business school which offers CAT Scholarships are IBA, LPU, and SRM. These institutions give a fee waiver for students with high CAT percentiles. Hence, to receive the benefits of scholarships, the students must secure higher CAT scores. 

*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College.

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