The IDFC FIRST Bank MBA Scholarship is a need-based financial aid program that helps students whose family makes less than rupees 6 lakh annually. The goal of this scholarship is to enable deserving students who are unable to continue their education because of financial limitations to enrol in postgraduate business management programs. Students enrolled in the first year of a two-year full-time MBA program during the 2025–2027 academic year will earn rupees 2 lakh for the two years of their study (rupees 1 lakh annually) as part of this scholarship. In this article, we will provide you with all the information about this program.
IDFC FIRST Bank MBA Scholarship
The IDFC bank administration has formally inaugurated the IDFC FIRST Bank MBA Scholarship 2024–2026. To help those students who want to pursue an MBA but are unable to do so due to financial constraints, the IDFC Bank authority established the IDFC FIRST Bank MBA Scholarship 2024–2026. Under this program, the student will receive financial aid, removing any financial concerns from their MBA completion. The funds will be transferred directly to the selected applicant’s bank account. All applicants who fulfil the eligibility standards may go to the official website and fill out the online application before the deadline.
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Motive of IDFC FIRST Bank MBA Scholarship
The IDFC FIRST Bank MBA Scholarships’ main goal is to give money to deserving but underprivileged students who are enrolled in two-year full-time MBA programs or similar programs. By providing postgraduate business education to students who might not otherwise be able to afford it, the scholarship hopes to help students reach their full potential and progress in their professions. Recipients of the scholarship receive up to rupees 2 lakh, with rupees 1 lakh given each year to assist with tuition costs. It is especially intended for students whose families earn less than rupees 6 lakh annually and who have been admitted to B-schools on the basis of merit.
Key Highlights of IDFC FIRST Bank MBA Scholarship
| Name of the scholarship | IDFC FIRST Bank MBA Scholarship |
| Launched by | IDFC Bank |
| Beneficiaries | The students who belong to economically weaker backgrounds |
| Benefits | The applicants will receive financial assistance |
| Year | 2025 |
| Application mode | Online |
| Scholarship amount | 2 lakh |
| Official Website | IDFC First Bank Website |
Eligibility Criteria
The eligibility criteria for applying under this program are given below:-
- Only Indian citizens living in India are eligible to apply under this program.
- For the class of 2027, students must be enrolled in the first year of a two-year full-time MBA program or its equivalent.
- Candidates must be enrolled in one of the MBA programs specified in the document that is attached.
- A family’s gross yearly income from all sources should not exceed rupees 6 lakh.
- Candidates need to have a working mobile number that is connected to their Aadhaar number.
Financial Benefits
The applicants will receive 2 lakh rupees as a scholarship to complete their degree. The scholarship will be given in installments, 1 lakh rupees each year.
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Important Dates
| Events | Dates |
| Start date of application | 1St May 2025 |
| Last date of application | 30 June 2025 |
Required Documents
The documents for applying under this Program are given below:-
- Admission proof (including the name of the institution, admission year, and batch)
- Copy of fee receipt
- Copy of graduation marksheet/passing certificate
- Income Proof (any one)
- Income certificate issued by a relevant government authority (Tehsildar or Magistrate)
- Copy of Income Tax Returns (Form 16A)
- Copy of salary slip
- Other documents
Salient Features
The salient features of this program are given below:-
- The scholarship offers a sum of rupees 2 lakh, of which rupees 1 lakh is used annually for MBA tuition.
- The award is intended especially for students who, because of financial limitations, are unable to complete their MBA.
- It seeks to increase worthy students’ access to postgraduate business management education.
Selection Process
The applicants will be selected through below procedure given:-
- The applicant should be a permanent resident of India.
- The applicant should clear all the eligibility criteria for getting selected under this Program.
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IDFC FIRST Bank MBA Scholarship Apply Online 2025
To apply online under this program, you need to follow the below given procedure below step by step:-
- Step 1: First of all, visit the IDFC First Bank Website of the program to initiate the online application process.
- Step 2:- On the home page of the official website, you need to click on the Apply Now button.
- Step 3:- After this, you will be redirected to the application form page and there you need to enter all the important details about yourself.
- Step 4:- In this step, you need to attach all the important documents and click on the proceed button.
- Step 5:- At last, click on the submit button to complete your application process.
Contact Details
- Dial: 180010888
FAQS
What is the IDFC FIRST Bank MBA Scholarship?
It’s a scholarship program launched by the IDFC Bank for students who belong to economically weaker sections of society.
What are the benefits of this program?
The applicants will receive monetary Benefits under this Program.
What are the eligibility criteria for applying under this Program?
The applicant should be a permanent resident of India.
Can I apply online under this Program?
Yes, you can apply online by visiting the official website of the program. class of 2024, applicants must be enrolled in the first year of a two-year full-time MBA program or its equivalent.