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IDFC FIRST Bank MBA Scholarship – A helping hand in times of increasing MBA education expenses

IDFC FIRST Bank MBA Scholarship 2019-21 – MBA education is an academic dream for many Indian students. But the rising expenses of MBA programs across the nation have been pulling back the aspirations of many such students. A parliamentary report submitted by Justice B. N. Srikrishna Committee to the Supreme Court of India and the Lok Sabha in the year 2015 suggested that the cost of MBA education in India should be maximum INR 171,300 per year for any student. Today the average cost of an MBA program is INR 7,53,200 per year. To help the students who wish to pursue management studies at premier institutions of India, IDFC FIRST Bank has launched a scholarship program this year.

Apply for IDFC FIRST Bank MBA Scholarship Program 2019-21 before the application dates close on July 31, 2019.

IDFC FIRST Bank MBA Scholarship 2019-21 – Program Details

The IDFC FIRST Bank MBA Scholarship 2019-21 is a financial assistance program aimed at providing financial assistance to Indian students who are just starting out with their MBA/PGDM or equivalent management studies. The initiative is going to provide scholarships to students who are not able to pursue MBA degree courses at Indian institutions due to financial limitations. Students starting their studies at selected 150 B-Schools of India may submit their applications to avail a chance of getting this scholarship. The program is being organised by IDFC FIRST Bank and is being implemented by Buddy4Study.

IDFC FIRST Bank MBA Scholarship 2019-21 – Who can apply?

IDFC FIRST Bank is dedicated to helping the maximum number of Indian students who wish to pursue management studies and lead towards a rewarding career. In order to benefit financially underprivileged students, the bank has done away with any merit criteria for scholarship eligibility. Here is the eligibility criteria to apply for this scholarship.

  • The scholarship program is open to Indian Nationals residing in India only
  • Gross annual family income of the applicant from all sources should be less than or equal to Rs 6 Lakhs per annum
  • Only students enrolled in first year of 2019-21 batch of MBA degree (or its equivalent) program are eligible
  • Only applicants enrolled in any of the 150 selected MBA colleges listed below may apply for this scholarship


List of eligible MBA Colleges/Universities/Institutions for IDFC FIRST Bank MBA Scholarship 2019-21

S.No Name of Colleges Location
1 Acharya Bangalore B School Bangalore, Karnataka
2 AIMS School of Business Bangalore, Karnataka
3 Alkesh Dinesh Mody Institute for Financial and Management Studies Mumbai
4 Alliance University, Bangalore Bangalore, Karnataka
5 Amity Business School, Amity University Noida
6 Amrita School of Business Bangalore, Karnataka, Coimbatore, Tamil Nadu
7 Apeejay Institute of Management Technical Campus Jalandhar
8 Apeejay School Of Management Delhi
9 Army Institute of Management Kolkata
10 Asia-Pacific Institute of Management New Delhi
11 Balaji Institute of International Business Pune
12 Balaji Institute of Management and Human Resource Development Pune
13 Balaji Institute Of Modern Management Pune
14 Balaji Institute of Telecom and Management Greater Noida
15 Bharati Vidyapeeth Institute Of Management and Entrepreneurship Development Pune
16 Bharati Vidyapeeth Institute of Management Studies and Research Mumbai
17 Bharatidasan Institute of Management Tiruchirappali
18 Bharatiya Vidya Bhavan Institute of Management Science Kolkata
19 Birla Global University – Bhubaneswar Bhubaneshwar
20 Birla Institute of Management Technology Greater Noida
21 BITS Pilani Rajasthan
22 BK School of Business Management – Ahmedabad Ahmedabad
23 Calcutta Business School – Kolkata Kolkata
24 Chandigarh University Punjab
25 Chetana’s Institute of Management & Research Mumbai
26 Chitkara Business School Raipur
27 Dehradun Institute of Technology Dehradun – Delhi
28 Delhi School of Economics Delhi
29 Department of Business Economic Delhi
30 Department of Business Management Kolkatta
31 Department of Business Management Rajkot
32 Department of Management Sciences (PUMBA) Pune Pune
33 Department of Management Studies Pune
34 Department of Management Studies, IIT Delhi Delhi
35 Department of Management Studies, Indian Institute of Science Bangalore
36 Department of Management Studies, Indian Institute of Technology Madras
37 Department of Management Studies, Indian School of Mines Dhanbad Dhanbad
38 Department of Management Studies, NIIT Tiruchirappalli Tiruchirappali
39 Doon Business School Dehradun
40 Dr. D. Y. Patil B-school – Pune Pune
41 Dr. D. Y. Patil Global Business School And Research Centre – Pune Pune
42 Flame School of Business Pune
43 G.L.Bajaj Institute of Management & Research Greater Noida
44 Gitam Institute of Management Visakhapatnam
45 Globsyn Business School – Kolkata Kolkata
46 Goa Institute Of Management Goa
47 Graphic Era Deemed University Dehradun
48 Great Lakes Institute of Management Chennai
49 Guru Nanak Institute of Management Studies Delhi
50 Guru Nanak Institute of Management Studies – Mumbai Mumbai
51 IBS Business School Hyderabad, Gurgaon, Pune
53 ICBM School of Business Excellence Hyderabad
54 ICFAI Business School Kolkata, Mumbai
55 IES Management College and Research Centre – Mumbai Mumbai
56 IFIM Business School Bangalore
57 IIEBM, Indus Business School Pune
58 IILM Institute Gurgaon, Gr. Noida
59 IIT Bombay Mumbai, Kharagpur, Roorkee
60 IMI Kolkata – International Management Institute – Kolkata Kolkata
61 Indian institute of Finance Greater Noida
62 Indian Institute of Foreign Trade Delhi
63 Indian Institute of Management Ahmedabad, Bangalore, Kolkata, Kozhikode, Kashipur, Lucknow, Raipur, Ranchi, Rohtak, Shillong, Tiruchirappalli, Indore, Udaipur
64 Indian Institute of Social Welfare and Business Management, Kolkata Kolkata
65 Indira Institute of Business Management Pune
66 Indus Business Academy, Bangalore Bangalore, Greater Noida
67 Indus University Ahmedabad
68 Institute for Financial Management & Research Chittoor, A.P
69 Institute of Management & Information Science Bhubaneshwar
70 Institute of Management Studies Ghaziabad
71 Institute of Management Technology Ghaziabad, Hyderabad, Nagpur
72 Institute of Management, Nirma University,Ahmedabad Ahmedabad
73 Institute of Management, Christ University Bangalore
74 Institute of Public Enterprise Hyderabad
75 Institute of Rural Management, Anand Anand, Gujarat, Jaipur
76 Institute of Technology and Science Ghaziabad
77 International Management Institute, Bhubaneshwar Bhubaneshwar, New Delhi
78 International School of Business & Media Pune
79 ITM Business School Mumbai, Warangal
80 Jagaran Institute of Management Studies Delhi
81 Jain University Bangalore, Karnataka
82 Jaipuria Institute of Management Jaipur, Indore, Lucknow, Noida
83 Jamnalal Bajaj Institute of Management Studies Mumbai
84 K.J.Somaiya Institute of Management Studies & Research Mumbai
85 KIIT School of Management Bhubaneshwar
86 Kirloskar Institute of Advanced Management Studies Pune
87 KL University Guntur, Andhra Pradesh
88 Kristu Jayanti College of Management and Technology Bangalore
89 Lal Bahadur Shastri Institute of Management Delhi
90 Lala Lajpatrai Institute of Management Mumbai
91 Lovely Professional University Phagwara
92 Loyola Institute of Business Administration Chennai
93 Management Development Institute Gurgaon, Murshidabad
94 Marwadi Education Foundation”s Group of Institutions Rajkot
95 Master School of Management Meerut
96 Mudra Institute Of Communications Ahmedabad
97 Mukesh Patel School of Technology Management and Engineering (MPSTME) Mumbai
98 Mumbai Educational Trust Institute Of Management (METIOM) Mumbai
99 N L Dalmia Institute of Management Studies and Research Mumbai
100 N R Institute Of Business Management Ahmedabad
101 Nalsar University of Law Hyderabad
102 Narsee Monjee Institute Of Management Studies Mumbai
103 National Institute of Agricultural Extension Management Hyderabad
104 National Institute of Industrial Engineering Mumbai
105 National Institute of Technology Durgapur, Hamirpur, Kurukshetra, Manipur, Meghalaya, Manipur, Odisha, Kerala, Karnataka, Tiruchirappalli, Warangal
106 Nehru School of Management, Nehru College of Engineering & Research Center Thrissur
107 New Delhi Institute of Management Delhi
108 NITIE Mumbai
109 PES Institute of Technology- Department of MBA Bangalore
110 Prestige Institute of Management & Research Indore
111 PSG Institute of Management Coimbatore, Tamil Nadu
112 Pune Institute of Business Management Pune
113 Punjab College of Technical education Ludhiana
114 R V Institute of Management-Bangalore Bangalore
115 Rajagiri Center for Business Studies Kochi
116 Regional College of Management Autonomous Bhubaneshwar
117 Rizvi Management Institutes Mumbai
118 S.P.Jain Institute of Management & Research Mumbai
119 Sant Kabir Institute of Professional Studies Ahmedabad
120 School of Management, KIIT University Bhubaneshwar
121 School of Management, Motilal Nehru National Institute of Technology Allahabad
122 School of Management, Hindustan Institute of Technology and Science Chennai
123 School of Petroleum Management Pandit Deendayal Petroleum University Gandhinagar
124 SCMS Cochin School Of Business Ernakulam
125 Shailesh J.Mehta School Of Management, IIT Bombay Mumbai
126 Shanti Business School Ahmedabad
127 Sharda University Pan India
128 Shree Dharmasthala Manjunatheshwara Institute for Management Development Mysore
129 Shri Jairambhai Patel Institute of Business Management Gandhinagar
130 SIES College of Management Studies Mumbai
131 Siva Shivani Institute of Management Hyderabad
132 SRM University Pan India
133 Sydenham Institute of Management Studies Mumbai
134 Sydenham Institute of Management Studies Research and Entrepreneurship Education Mumbai
135 Symbiosis School of Banking and Finance Pune
136 Symbiosis Centre For Management & HRD Pune
137 Symbiosis Institute of Telecom Management Pune
138 Symbiosis Institute of Business Management Pune
139 Symbiosis Institute of Business Management Bangalore, Hyderabad
140 T.A.Pai Management Institute Manipal
141 Thakur Institute Of Management Studies Research Mumbai
142 Thiagarajar School of Management Madurai
143 Thapar Institute of Engineering and Technology Patiala
144 Universal Business School Delhi, Raigad
145 United World Business School Kolkata
146 Vaikunth Mehta National Institute of Cooperative Management Pune
147 VESIM Mumbai – Vivekanand Education Society Institute of Management Studies and Research Mumbai
148 Vinod Gupta School of Management, IIT Kharagpur Kharagpur
149 Vidyalankar Institute of Technology Mumbai
150 Vivekananda Education Society Mumbai
151 Welingkar Institute of Management Development & Research Bangalore, Mumbai
152 Woxsen School of Business Hyderabad
153 Xavier Institute of Management Bhubaneshwar
154 Xavier Institute of Management & Entrepreneurship Bangalore
155 XIMR Mumbai
156 XLRI Jamshedpur

IDFC FIRST Bank MBA Scholarship 2019-21 – Awards

IDFC FIRST Bank is providing a wholesome financial assistance to its scholars. The scholarship program covers academic fees of MBA (or equivalent) students for 2 years of management studies. It provides a scholarship award sum of INR 1.00 Lakh per year for 2 years of studies. Students will be provided the scholarship in yearly installments. IDFC FIRST Bank will provide first year scholarship to selected scholars, soon after the selection. The second year scholarship will be provided after the submission of academic records of the IDFC FIRST Bank MBA Scholar.


IDFC FIRST Bank MBA Scholarship 2019-21 – Application Process

Offline application processes for scholarships had long been the standard way of many government and private scholarships. Government of India launched National Scholarship Portal to get online application for scholarships. Still almost 21% of applications for government scholarships are received offline via school and college authorities. Source: MHRD MOMA Scholarships Website. IDFC wanted to eliminate the scholarship application hassles of students. With the technology platform powered by Buddy4Study, IDFC FIRST Bank is inviting online scholarship applications from students. The steps to apply for this scholarship are as follows:-

  1. Visit the Buddy4Study Scholarship Portal at www.buddy4study.com
  2. Click on the IDFC FIRST Bank MBA Scholarship banner on the top of the website
  3. or click on the search box in the top left corner, type IDFC FIRST Bank and press enter
  4. Read the IDFC FIRST Bank MBA Scholarship 2019-21 guidelines
  5. If you’re eligible to apply for the scholarship then click on the ‘Apply Now’ button
  6. Login/Register using Facebook, Gmail or Buddy4Study E-mail account.
  7. Once signed in, click on ‘Start Application’ to start filling the form.
  8. Fill in all the details and upload the required documents.
  9. Finally, click on ‘Submit’.


IDFC FIRST Bank MBA Scholarship 2019-21 – Important Dates

Application for this scholarship program has been active since May 10, 2019.

The last date to apply for this scholarship is July 31, 2019.

Disclaimer: The IDFC FIRST Bank MBA Scholarship application process is hosted only on this link and is the only channel through which one can apply for the scholarship. We DO NOT charge application fees at any stage of the scholarship process. If you have been asked to pay application fees OR you have been contacted by anybody apart from IDFC FIRST Bank / Buddy4Study seeking personal details / you come across any suspicious activity, please report to csr@idfcfirstbank.com

Opportunities can only open the doors to your bright future, it is you who should enter and chart your own course. With this message, we wish all the best to all the IDFC FIRST Bank MBA Scholarship 2019-21 applicants. For any queries regarding the scholarship, students can contact us at 011-430-92248 (Ext- 124) or email us at idfcfirstbankcsr@buddy4study.com.

This scholarship program is an education CSR initiative under the combined CSR activities of IDFC FIRST Bank, India. Buddy4Study is the managing partner and implementation partner for this scholarship program. For more details about starting your own scholarship program or to discuss about CSR development in the field of education, contact us at csr@buddy4study.com or visit csr.buddy4study.com.

Ankur Gupta

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