ICFAI Business School- IBS Mumbai Scholarships: Eligibility & Scholarship Amount 2026

ICFAI  IBS Mumbai provides scholarships and awards to recognise meritable students in academics and co-curricular activities by means of awards and scholarships, also gives deserving students who may have to opt out of pursuing higher education due to economic reasons. The student will be awarded a merit scholarship in September each year. In the first year, the scholarship will be decided on the merit of the pre-entry marks, mid-semester test, and attendance in regular classes. 

Merit scholarships for consecutive years will be decided based on his/her performance in one end-of-semester and two mid-semester examinations of each year. IBS aims to award 500 merit scholarships for the class of 2026 to deserving candidates falling under the aforementioned categories. Each scholarship amounts to INR 2 lakh per candidate, with the flexibility of adjusting INR 1 lakh each in the first and second term installments against the program fee.