IIM-A aspires to give the opportunity to pursue its programmes (PGP & PGP-FABM) to all eligible applicants irrespective of their financial status. Keeping this in mind, IIMA has instituted a Special Need-Based Scholarship Scheme to complement the various scholarships provided by the industry and government. Every year many students are provided substantial financial support under the Scheme. The scholarship amount is decided on the basis of several criteria such as annual gross family income, ownership of assets, and the number of family dependants. The application for these scholarships is invited every year in the month of August/September. Many commercial banks (Central Bank of India, State Bank of India, Union Bank of India) and financial institutions provide educational loans to students. For details, candidates may contact branch offices of such banks.