Iam OC student, Is there fee concession for IIM IPM,if we get merit marks in IPMAT.?
IIM Indore provides some sort of relaxation in fees for financially poor students. And also provides them many free facilities for the initial three years of the course. Need based Financial Assistance (NBFA). This is a fee waiver based on the income level of the parent. All students whose family income is less than 4.5L per annum are eligible. The amount of fee waiver depends on factors like how low the family income.
Also ,the Institute awards an INR 1.5 lakhs Scholarship for Outstanding Academic Performance in the 4th Year of Integrated Programme in Management at the end of 5 years.
It may be tough to arrange funds for the exorbitant fees of IIM. But don't worry there are various educational Loans available for a aspiring student. The interest rates are also very less. You can get loans upto 80–90% of your fees. And this debt can be easily paid off once you are placed after completing your course.
So, Fees should not be the thing to worry about.
Stay happy and motivated always.
All the best !
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