IIMA aspires to give the opportunity to pursue its programmes (PGP & PGP-FABM) to all eligible applicants, who are in need of financial assistance. Keeping this in mind, IIMA has instituted a 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 dependents in the family. The applications for these scholarships are invited every year in the month of July/August. Many commercial banks and financial institutions provide educational loans to students. For details, candidates may contact branch offices of such banks.