🎓 Indian Statistical Institute (ISI) Scholarships – A Complete Overview (2025 Edition)

The Indian Statistical Institute (ISI), established in 1931, is a premier academic institution in India dedicated to research and training in statistics, mathematics, computer science, economics, and related fields. With campuses in Kolkata, Delhi, Bengaluru, Chennai, Tezpur, and Hyderabad, ISI provides a wide range of undergraduate, postgraduate, diploma, and doctoral programs. Apart from academic excellence, ISI is known for offering generous financial aid and scholarships to its students.

This detailed guide covers every aspect of scholarships, stipends, and financial support available to ISI students, helping prospective applicants understand what to expect when they join one of India’s most prestigious institutions.

📘 Table of Contents

1. Introduction to ISI Scholarships

2. Scholarships for Undergraduate Programs

3. Scholarships for Postgraduate Programs

4. M.Tech Programs and Financial Support

5. Postgraduate Diplomas and Financial Aid

6. Doctoral Programs (Ph.D.)

7. Contingency Grants

8. Hostel, Mess, and Medical Facilities

9. Income-Based Fee Waivers

10. Campus-wise Summary

11. Key Points for Applicants

12. Conclusion

1. 🏛 Introduction to ISI Scholarships

ISI’s mission goes beyond academics; it emphasizes accessibility and affordability. The institute offers financial support in the form of:

• Monthly stipends

• Annual contingency grants

• Tuition waivers

• Fee exemptions based on income

• Special financial benefits for students from underprivileged regions (like North East India)

Students at ISI enjoy world-class education with minimal or no tuition fees, and many even receive stipends sufficient to cover living expenses.

2. 🎓 Scholarships for Undergraduate Programs

Bachelor of Statistics (B.Stat)

• Duration: 3 years

• Campus: Kolkata

• Tuition Fee: No tuition fee

• Monthly Stipend: ₹5,000

• Annual Contingency Grant: ₹5,000

• Accommodation: Hostel accommodation available at nominal cost

Bachelor of Mathematics (B.Math)

• Duration: 3 years

• Campus: Bengaluru

• Tuition Fee: No tuition fee

• Monthly Stipend: ₹5,000

• Annual Contingency Grant: ₹5,000

Bachelor of Statistical Data Science (BSDS)

• Duration: 4 years

• Campus: Kolkata & Delhi

• Tuition Fee: ₹1,00,000 per semester

• Fee Waiver Policy:

  • 100% waiver: Family income < ₹1 lakh

  • 66.67% waiver: Family income between ₹1–5 lakhs

• Additional Charges: Security deposits and administrative fees as applicable

• Scholarships: Not automatically applicable unless through fee-waiver

3. 🎓 Scholarships for Postgraduate Programs

Master of Statistics (M.Stat)

• Duration: 2 years

• Campuses: Kolkata & Delhi

• Tuition Fee: Free

• Stipend: ₹8,000 per month

• Contingency Grant: ₹8,000 per year

Master of Mathematics (M.Math)

• Duration: 2 years

• Campus: Kolkata

• Tuition Fee: Free

• Stipend: ₹8,000 per month

• Contingency Grant: ₹8,000 per year

M.S. in Quantitative Economics (MSQE)

• Duration: 2 years

• Campuses: Kolkata & Delhi

• Tuition Fee: Free

• Stipend: ₹8,000 per month

• Contingency Grant: ₹8,000 per year

M.S. in Quality Management Science (MSQMS)

• Duration: 2 years

• Campus: Hyderabad

• Stipend: ₹8,000 per month

• Contingency Grant: ₹8,000 per year

4. 💻 M.Tech Programs and Financial Support

M.Tech in Computer Science

• Duration: 2 years

• Campus: Kolkata

• Stipend: ₹12,400 per month

• Contingency Grant: ₹8,000 per year

M.Tech in Cryptology and Security

• Duration: 2 years

• Campus: Kolkata

• Stipend: ₹12,400 per month

• Contingency Grant: ₹8,000 per year

M.Tech in Quality, Reliability & Operations Research (QROR)

• Duration: 2 years

• Campus: Kolkata

• Stipend: ₹12,400 per month

• Contingency Grant: ₹8,000 per year

5. 🎓 Postgraduate Diplomas and Financial Aid

PG Diploma in Statistical Methods and Analytics (PGDSMA)

• Duration: 1 year

• Campuses: Chennai & Tezpur

• Tuition Fee: ₹40,000

• Stipend: ₹3,000 per month (only for students from North Eastern states)

• Contingency Grant: ₹3,000 per year

PG Diploma in Agricultural and Rural Management with Statistical Methods (PGDARSMA)

• Duration: 1 year

• Campus: Kolkata

• Tuition Fee: ₹40,000

• Stipend: Not provided

• Contingency Grant: Not applicable

6. 🎓 Doctoral Programs (Ph.D.)

Ph.D. in Statistics, Mathematics, Computer Science, Economics, and more

• Stipend:

  • ₹31,000 per month for the first two years

  • ₹35,000 per month thereafter (subject to evaluation)

• Contingency Grant: ₹10,000–₹20,000 annually

• Additional Funding: Travel grant for presenting at international conferences

7. 💰 Contingency Grants

Contingency grants are annual funds to help students with expenses like:

• Books and journals

• Stationery

• Educational supplies

• Seminar participation

Grant Amounts:

• ₹5,000 – Undergraduate students

• ₹8,000 – Master’s students

• ₹10,000 to ₹20,000 – Doctoral candidates

8. 🏠 Hostel, Mess, and Medical Facilities

• Hostel accommodation is provided at all ISI campuses at minimal charges

• Mess fees are separate and vary by campus

• Medical facilities are available free of cost through campus clinics

9. 💸 Income-Based Fee Waivers (BSDS Program Only)

The BSDS program is the only course with tuition fees, and it comes with a strong financial support system:

• Full waiver: For students from low-income backgrounds (below ₹1 lakh/year)

• Partial waiver: For those in the ₹1–5 lakh income range

• Documentation: Family income proof and bank statements are required during admission

10. 🏫 Campus-Wise Financial Overview

11. 📌 Key Points for Applicants

• No tuition fee for most programs

• Monthly stipends ensure financial independence

• Annual contingency grants support educational needs

• Fee waivers for BSDS promote inclusivity

• Ph.D. scholars receive research funding and travel support

• Special support for North Eastern students in PGDSMA

12. ✅ Conclusion

The Indian Statistical Institute remains one of the most affordable and academically rigorous institutions in India. Its scholarship structure supports nearly every student, ensuring financial hardship is never a barrier to world-class education. Whether you’re pursuing statistics, computer science, mathematics, or economics, ISI provides strong academic mentorship and holistic financial support.