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Isha
12 December, 2025
Long gone are the days when financing an MBA solely depended on your family income. With MBA education transforming nowadays, there are many ways to fit an MBA degree into your budget. While MBA scholarships provide aid to learners with financial constraints, pursuing an online MBA offers a more cost-effective way of learning. With flexible education, you do not need to spend on daily commutes, a hostel, and additional living expenses.
On top of that, you can opt for multiple online MBA scholarships, offered by the major organisations & corporations in India. Scholarships for online MBA are provided based on academic scores, merit, and need. This blog uncovers the top online MBA scholarships in India. Discover how you can apply for MBA online scholarships offered by major providers. Dive in to explore many more crucial details.
The fee structure for online MBA courses in India is generally highly affordable as compared to regular MBA programmes. Even top universities like Amity, Manipal, & NMIMS have a decent and budget-friendly fee structure, ensuring the same credibility of the degree as regular ones. Applying for online MBA scholarships makes these online courses even more pocket-friendly. Here are the benefits of online MBA scholarships:
✅ Lower Education Costs: The scholarship amounts cover a crucial part of the online MBA fees. This makes the course affordable and accessible to more students.
✅ Multiple Career Pathways: Scholarship opportunities (mostly merit-based) help you make your resume shine. It attracts more employers and career opportunities for you across industries.
✅ Access to Best Colleges: Top universities like Amity, IGNOU, and Manipal offer scholarships to their online MBA learners, rewarding the talent and hard work of individuals.
✅ Encourages Professional Growth: Earning a scholarship, especially merit-based, showcases your academic potential. It enhances your leadership, analytical, and networking skills. Online MBA scholarships make sure that financial constraints do not hinder career growth.
✅ Inclusion and Diversity: Scholarships in professional courses like MBA encourage the participation of women, homemakers, and candidates with minority or weak financial backgrounds.
Also Read: Cheapest Online MBA in India
While online MBA generally costs less than the regular MBAs, the course could still be a bit expensive for learners with financial limitations. You can benefit from online MBA scholarships, available in various types. Many organisations, colleges, and governments offer a variety of scholarship opportunities. Here are some of the different types of scholarships available for an online MBA course:
🔶 Merit-Based: These scholarships are provided to the top academic performers of a particular institute, state, or country. It could be a local, state, or national level scheme.
🔶 Need-Based: This opportunity is provided to those learners whose ambitions are limited due to their financial constraints.
🔶 University-Specific: Many colleges and universities have their own scholarship criteria. These scholarships are provided at the local level to the learners of a particular university.
🔶 Government-Specific: Scholarships which are sponsored by the state and union governments of India fall under this category.
🔶 Corporate Scholarships: Many major organisations and corporations, like Aditya Birla Group and IDFC First Bank, offer scholarships for many courses. These schemes are part of corporate scholarship opportunities.
🔶 Category-Specific: These scholarships are offered to candidates belonging to specific categories such as SC, ST, OBC, and PwD. Category-specific scholarships may vary by university and corporation.
In India, top universities, organisations, multinational corporations, and the government offer various kinds of scholarship opportunities to learners enrolled in some kind of courses, including an online MBA. We have listed several online MBA scholarships from top providers in India. Explore at a glance:
Online MBA has become one of the most popular online learning courses, not only in India but globally. Renowned institutes like Amity University Online, LPU Online, and NMIMS offer a stellar online MBA curriculum, approved by UGC. Here is the list of universities that offer online MBA scholarship opportunities:
Enrolling in the Amity online MBA allows you to secure up to 30% scholarships. The university has online MBA scholarships for Divyang (person with special needs), defence personnel, Amity alumni, and a champion scholarship for sports categories. The university also offers a 5-12% fee concession scholarship to learners on make annual or one-time fee payments. To secure a merit-based Amity online MBA scholarship, you must have scored at least 85% in your previous qualification.
This is a university-specific scholarship. It is exclusively offered to the learners enrolled in the Manipal online MBA. At Online Manipal, you could receive up to 20% of fee waivers. Available online MBA scholarships at Online Manipal include Divyang (persons with different abilities), defence personnel, government employees, merit-based, and alumni scholarships. To secure a Manipal online MBA merit-based scholarship, you must have scored a minimum of 80% in your bachelor's degree.
CU Online is one of the pioneering online MBA providers in India. Chandigarh University online MBA course combines quality curriculum and career support with affordability by ensuring several top-notch scholarship opportunities. CU online MBA scholarships are available for outstanding performers. It offers a 25% fee waiver as part of merit-based scholarships. You can also consider the CU Early Bird Scholarship, which is offered to those who apply for online MBA admissions at the earliest.
Another major provider of the online MBA scholarships list includes Chitkara Online. The university offers limited scholarships to eligible students. You can apply for merit-based, need-based, professional background, or special category scholarships with the Chitkara online MBA. The special category scholarships at Chitkara Online cover female students, differently-abled individuals, and persons from the armed forces. Moreover, scholarships are provided based on a first-come, first-served basis.
Nestled in the IT hub of Karnataka, Jain University is a renowned institution in Bangalore. It is one of the major online MBA providers in India that offers diverse single and dual online MBA specialisations. Jain online MBA scholarships cover a wide range of audiences and categories. This includes merit-based, armed forces, gender-focused, and many more scholarships. Jain University online scholarship schemes are available for freshers as well. The scholarship amount varies by category and is not disclosed by the university.
Many more universities offer various online MBA scholarship schemes to learners based on their academic performance and financial requirements. Here is a list of several more major online MBA scholarship providers in India. Check out:
Check out the list of top companies and organisations that offer scholarship opportunities for online MBA learners in India. Note that the requirements for each scholarship vary depending on its selection criteria. Explore:
Let us go through a quick breakdown of the top scholarship opportunities:
Aditya Birla Group offers special scholarships to students from engineering, management, and law backgrounds. However, the scholarship only extends to students of 21 institutes. Among these, IIMs, XLRIs, IITs, and BITS Pilani ensure several exceptional online MBA programmes (could be hybrid). To apply for this scheme, you must be among the top 25% of the batch population, and at least 60% of your academic assignments must have a rating of 7 out of 9. Additionally, you need to write up a 250-word essay on “Being an Aditya Birla Scholar - experience sharing” as part of the selection criteria. The scholarship amount generally goes up to INR 3 lakhs.
EY, one of the Big Four accounting firms, is a multinational corporation. EY offers scholarship opportunities, which are open to every graduate student. Under this scheme, the top 10 performers shall receive an amount of INR 1 lakh. It is a competition-based scholarship scheme for online MBA learners. To avail this online MBA scholarship, you need to submit a business case for “Building a Better Business World”. It must showcase the clarity of thought, innovation, impact on the working world, and passion to win.
NSP is a government of India scholarship portal. This is not a company but a digital platform, a government-led initiative to support learners’ education. It has multiple scholarship schemes for need-based, merit-based, and category-based learners. The amount and the eligibility for each scholarship vary, based on certain guidelines. Moreover, NSP is open and accessible to learners directly. Central universities like IGNOU allow you to opt for NSP scholarships, which are government-issued. To avail NSP scholarships, you may visit: scholarships.gov.in.
Online MBA scholarships can make the course fees an ideal fit for your pocket. The application process for the scholarships is generally the same. However, the selection criteria and eligibility may differ for each. Here is how you can apply for the online MBA scholarships, offered by major providers in India. Take a look:
Step 1: Check out the eligibility criteria for the MBA scholarships you are applying for.
Step 2: Collect required documents such as academics, income certificate, letter of recommendation (LOR), or Statement of Purpose (SoP). Document requirements differ for different scholarship types.
Step 3: Visit the official website of the providers of your chosen online MBA scholarship.
Step 4: Fill out the application form with the required information.
Step 5: Upload the images of original documents as per instructions.
Step 6: Appear for an interview, competition, or counselling, if required (selection process differs by scholarship schemes).
Step 7: Track the application status through the official website. If you manage to secure one, the scholarship amount would be funded to your bank account.
*Note: that the amount of university-specific scholarships is often deducted from the course fees. It may not be issued to your bank account.
The eligibility criteria for the online MBA courses vary by providers. Every college, organisation, and company has specific selection criteria. Depending on this, academic and other requirements significantly differ. Here is the general eligibility criteria for online MBA scholarships:
Online MBA cutting-edge curriculum and degree credibility are transforming the modern education system. The course is now in demand among learners as well as employers. It suits the requirements of freshers and working professionals. Now, the only problem that may stall you from pursuing an online MBA degree could be your different career interests or financial limitations. With a broad range of online MBA scholarships available in India, financial constraints must no longer be a worry. Even if you do not want to be a part of a competition or exam, you could still secure a university-specific scholarship, depending on certain eligibility criteria. Just discover the top online MBA universities, explore scholarship opportunities, and apply.
Aditya Birla Group offers scholarships for students who have enrolled in management and engineering courses. However, there is a limitation to 21 institutes only. Popular institutions include XLRI Jamshedpur, IITs, IIMs, BITS Pilani, etc. Anyone who is enrolled in management or MBA courses at these institutions can apply for Aditya Birla Group Scholarships. As part of the selection criteria, you need to write a 250-word essay on “Being an Aditya Birla Scholarship - sharing experience”.
Yes, an online Master of Business Administration has been provided with the University Grants Commission (UGC) recognition. This makes an online MBA course legitimate and valid.
Yes, there are many scholarships available for online MBA students. You can apply for government-specific, merit-based, need-based, and many other scholarship opportunities. Enrolling in online MBA courses from Amity Online, LPU Online, NMIMS CDOE, Symbiosis, etc. could offer access to university-specific scholarship schemes.
Securing 100% scholarships could be challenging as they are very limited. Some universities offer 100% scholarships for the best performers of their institution. Besides, these scholarships are mostly provided to special cases, such as sports champions or candidates who have represented India at national levels.
No, a full-fledged online MBA degree is not available for free. You could receive scholarships of up to 20-30% in many universities. However, to make your online MBA available for free, you could try 100% scholarships, which are highly limited and not offered in every institution.
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