Scholarships

Allenhouse Institute of Management is committed to ensuring that deserving students from all backgrounds have access to quality education. The institute offers a wide range of scholarships, both internal and external, to support students financially throughout their academic journey.

Institute-Wide Scholarships

MCM Scholarship (Merit Cum Means)

This scholarship is awarded to students who demonstrate exceptional academic performance combined with financial need. It covers up to 100% of tuition fees and a monthly stipend for the duration of the program.

• Eligibility: Students scoring above 90% in Class XII or equivalent
• Amount: Full tuition fee + INR 5000/month
• Application Process: Submit academic transcripts, income certificate, and a statement of purpose

Merit Scholarship

This scholarship is awarded based on academic excellence. It covers 75% of tuition fees for top-performing students in the first year.

• Eligibility: Top 10% in Class XII or equivalent
• Amount: 75% tuition fee
• Application Process: Submit academic transcripts and a letter of recommendation

Need-Based Scholarship

This scholarship is designed to support students from economically disadvantaged backgrounds. It provides partial financial assistance covering up to 50% of tuition fees.

• Eligibility: Students with family income below INR 2 lakhs per annum
• Amount: 50% tuition fee
• Application Process: Submit income certificate, Aadhaar card, and bank statements

Alumni and Donor Scholarships

Arun Sharma Memorial Scholarship

Named after a prominent alumnus, this scholarship supports students pursuing excellence in entrepreneurship and innovation.

• Amount: INR 1,00,000 per annum
• Eligibility: Students showing interest in startups or social ventures
• Application Process: Submit a business plan and recommendation from faculty

Sharma Family Foundation Scholarship

This scholarship is aimed at supporting students from rural areas with strong academic records.

• Amount: INR 75,000 per annum
• Eligibility: Students from villages with no college nearby
• Application Process: Submit proof of rural origin and academic performance

Rajendra Patel Scholarship

For students interested in pursuing research or policy-related projects, this scholarship offers financial support for academic endeavors.

• Amount: INR 50,000 per annum
• Eligibility: Students involved in research or policy initiatives
• Application Process: Submit a proposal and letter of recommendation from faculty

External Scholarships

Government Scholarships

The institute encourages students to apply for government-sponsored scholarships like the National Scholarship Portal (NSP) and Merit-cum-Means Scholarship (MCM) for SC/ST/OBC categories.

• Eligibility: Based on caste and income criteria
• Amount: Varies by category (INR 10,000–25,000 per annum)
• Application Process: Apply through the respective government portal or college office

Corporate Scholarships

Several organizations offer scholarships to students in business management programs. These include:

• HDFC Bank: Offers scholarships for students from economically backward classes
• SBI: Provides financial assistance to meritorious students
• ICICI Bank: Supports students with academic achievements and community service

International Scholarships

Students interested in studying abroad may apply for international scholarships from organizations like the Fulbright Commission, DAAD, or Chevening.

• Fulbright: For graduate students planning to study in the US
• DAAD: For students seeking postgraduate studies in Germany
• Chevening: For UK-based master’s programs

Application Process for Scholarships

All scholarship applications must be submitted online through the institute’s portal or by visiting the finance office. Required documents include:

• Academic transcripts (10th, 12th, and graduation if applicable)
• Caste certificate (if applicable)
• Income certificate
• Aadhaar card
• Brief statement of purpose
• Recommendation letters from faculty or mentors

The institute’s scholarship committee evaluates applications based on academic performance, financial need, and personal merit. Notifications are sent out within 2–3 weeks of the application deadline.