Scholarships at NIFTM: Merit, Merit-Cum-Means and More

At NIFTM (NIFT School of Management), various scholarship opportunities are available to support the education of worthy students. These scholarships are awarded based on academic performance and financial need. The details of these scholarships, requirements, and eligibility criteria are outlined below.

Scholarship Types at NIFTM

NIFTM offers two primary types of scholarships - the NIFTM Merit Scholarship and the NIFTM Merit-Cum-Means Scholarship. Both types of scholarships are designed to assist students in achieving their educational goals.

NIFTM Merit Scholarship

The NIFTM Merit Scholarship is awarded to the top three students in each academic batch. Successful recipients will receive a tuition fee waiver and a fixed monthly stipend for ten months during the second semester. The scholarship will continue to be awarded to first-year toppers for subsequent years based on their performance.

NIFTM Merit-Cum-Means Scholarship

This type of scholarship is awarded to students who demonstrate both academic merit and financial need. The scholarship is limited to six students from each of the five streams, selected based on their merit and means criteria. Recipients will enjoy full tuition fee waiver and a fixed monthly stipend for ten months during both semesters of the academic year.

Eligibility Criteria

NIFTM Merit Scholarship

The student must have completed all courses without any breaks for the semesters applicable (1st for 2nd sem, 1st and 2nd for 2nd year, etc.). The student must have cleared all courses of the concerned semester in the first available chance. The student's eligibility will be judged by combining the scores of both semesters. The student must not have been penalized or awarded any major disciplinary action by the institute's disciplinary committee. The student must also meet other criteria such as attendance.

NIFTM Merit-Cum-Means Scholarship

The student must meet both merit and means criteria set by the institute and approved by the Board of Management. The annual gross income of the parent's from all sources should not exceed Rs. 250,000/-. Students will not be considered if they have passed their 2 examinations from schools with an annual tuition fee of more than Rs. 30,000.00 per annum. The student must have passed all papers in the first available chance and must have achieved at least a 60 score or a B grade. The student must not have been penalized or awarded major disciplinary punishment by the institute's disciplinary committee.

Calculation of Merit-Cum-Means Scores

The merit-cum-means scores are calculated by giving equal weightage to parental income and student merit as follows:

Weightage of parental income: 50% Weightage of student merit: 50%

The weightage of parental income is further categorized as:

Annual Income RangeParental Income Weightage Below ?100,000/-100 marks ?100,000.00 – 150,000/-95 marks ?150,000.00 – 200,000/-90 marks ?200,000.00 – 250,000/-85 marks

Awarded Benefits

Full tuition fee waiver for both semesters. A fixed monthly stipend of ?1,000 for the duration of 10 months, which covers August-December and January to May. The scholarship is valid for ten months of both semesters in an academic year. Note that students receiving GATE fellowships will not be eligible for this stipend.

Conclusion

These scholarships are designed to provide financial support to deserving students with high academic performance and a need for financial assistance. For more detailed information, please visit the NIFTM official website or refer to the provided links.

For detailed inquiries or to apply for these scholarships, students can visit the NIFTM official website or reach out to the institute directly. Best of luck to all aspiring students!