Are you considering NMIMS Mumbai for your higher education but worried about the costs? But Don’t worry because NMIMS Mumbai offers scholarships to help students manage their fees.
The Central Sector Scheme of Scholarship is available for both undergraduate and postgraduate students based on merit and family income. It aims to support students from various categories, including General, SC, ST, and PwD.
In this blog, we have covered all the details about The Central Sector Scheme of Scholarship offered by NMIMS —who can apply, how to apply, the benefits, and what you need to get started.
Does NMIMS Mumbai Offer Scholarships?
Yes, NMIMS Mumbai offers scholarships to support students who need financial assistance. The Central Sector Scheme of Scholarship is one of the main scholarship options available at NMIMS. It is a government-funded initiative under the Ministry of Education (MHRD), aimed at helping students from economically weaker backgrounds pursue higher education.
This scholarship is available to students from different backgrounds, including General, SC, ST, and PwD (Persons with Disabilities). It is based on how well you perform in your Class 12 exams and your family’s income. The goal is to support talented students who need financial help to study at NMIMS Mumbai.
How the NMIMS Scholarship Helps Students?
- Reduces Financial Pressure: Studying at NMIMS can be expensive, but the scholarship helps lower the financial burden. It covers part of the tuition fees, books, and other study-related costs, so students don’t have to worry about paying for everything.
- Encourages Better Grades: The scholarship is renewed every year based on your grades. This motivates students to work hard and keep their performance high, knowing that their scholarship depends on their academic success.
- Allows More Focus on Studies: With financial support from the scholarship, students don’t need to work part-time jobs to pay for their education. This gives them more time to focus on studying and doing well in their courses.
- Gives Opportunities for Extra Activities: The scholarship makes it easier for students to join extracurricular activities like workshops, sports, or skill-building programs. These activities help students grow in other areas beyond their studies.
- Reduces Stress and Helps Mental Health: Worrying about money can be stressful. The scholarship helps reduce financial stress, allowing students to feel more at ease and focus on their studies and well-being.
NMIMS Scholarship: Overview
| Scholarship Name | Central Sector Scheme of Scholarship for College and University for Students by NMIMS |
| Offered By | NMIMS, Ministry of Education, Government of India |
| Eligibility | Based on Class 12 exam performance and family income |
| Financial Support | INR 1,000/month for UG students, INR 2,000/month for PG and professional course students |
| Renewal | Renewable annually based on academic performance |
| Duration | 10 months per academic year (for a maximum of 5 years for integrated programs) |
| Applicable Courses | Regular full-time undergraduate and postgraduate degree programs |
| Categories | Open to General, SC, ST, and PwD students |
NMIMS Scholarship: Eligibility Criteria
- You must have scored above the 80th percentile in your Class 12 exams. This means you need to have done well in your board exams.
- Your family’s total annual income should be less than ₹6 lakhs from all sources. This ensures the scholarship goes to students who need financial help.
- You must be between 18 to 25 years old when you apply.
- The scholarship is available to all economically weak students from the General, SC, ST, and PwD (Persons with Disabilities) categories.
- This scholarship is only for students who are enrolled in regular full-time degree programs. It doesn’t apply to distance learning or part-time courses.
Financial Aid For Students in NMIMS Mumbai Scholarship
The Central Sector Scheme of Scholarship at NMIMS Mumbai offers several benefits to help students with their education costs. Here’s what you can expect:
Financial Support for Students:
- Undergraduate (UG) students: ₹1,000 per month for 10 months per academic year.
- Postgraduate (PG) students: ₹2,000 per month for 10 months per academic year.
- Professional course students (in 4th & 5th year): ₹2,000 per month for 10 months per academic year.
*Note: The scholarship is renewable every year, but you must maintain good academic performance to continue receiving it. The scholarship amount is transferred directly to your bank account through Direct Benefit Transfer (DBT), making it quick and hassle-free.
NMIMS Mumbai Scholarship: Application Process
Step 1: Visit the PFMS Portal: visit the official PFMS website at https://pfms.nic.in. Navigate to the scholarship section where you can find all the details.
Step 2: Register or Log In: If you are a new applicant, you will need to register by providing your details, academic information, and bank account details. If you’ve already applied for a scholarship before, you can simply log in with your existing credentials.
Step 3: Fill Out the Application Form: Once logged in, fill out the application form with your correct information. Be sure to double-check everything.
Step 4: Upload Documents: You will need to upload a few documents like your Class 12 mark sheet, income certificate, and other papers as asked. Make sure the documents are clear and in the right format.
Step 5: Submit the Application: After filling in all the details and uploading your documents, submit the application form. Don’t forget to do this before the deadline.
Step 6: Track Your Application: After submitting, you can track the status of your application on the website. It’s a good idea to check regularly to see if there are any updates.
Documents Required for Scholarship
- Class 12 Marksheet
- Income Certificate (to show family income)
- Category Certificate (if applying under SC, ST, or PwD category)
- Proof of Residence
- Passport-sized Photographs
- Photo ID Proof (Aadhaar Card, PAN Card, Voter ID, etc.)
- Bank Account Details (for Direct Benefit Transfer)
If You are planning for an Online degree here are NMIMS Online Courses:
1. NMIMS Online MBA
The NMIMS Online MBA is a flexible two-year program that combines online learning with expert guidance. Students can study at their own pace while learning from experienced teachers and industry professionals.
With various specializations, the program provides structured learning and real-world business experience through assignments and projects. NMIMS is a well-known name in India for quality online MBA education.
NMIMS Online MBA fees: INR 2,20,000
2. NMIMS Online Executive MBA
The NMIMS Online Executive MBA is a two-year program for working professionals, covering key management concepts and industry trends. You can choose specializations like Marketing, Strategy, Operations, Finance, or Digital Marketing based on your career goals. The program ends with a Capstone Project, where you apply your knowledge to real business problems.
NMIMS Online Executive MBA fees: INR 4,00,000
3. NMIMS Online BBA
The NMIMS Online BBA is a flexible three-year program that helps students build strong business skills. In the final year, they can choose a specialization in Marketing, Finance, or Business Analytics.
The course is designed by experts to provide practical knowledge and job-ready skills, including soft skills and technical training. NMIMS focuses on skill-based learning, making its graduates well-prepared for careers in business and management.
NMIMS Online BBA Fees: INR 94,000
4. NMIMS Online B.Com
The NMIMS Online B.Com is a three-year program that teaches important subjects like accounting, finance, management, taxation, and law. It helps students build a strong foundation for a career in business and finance.The program is flexible, so students can study while managing their personal and work life. With online learning resources, they can learn at their own pace from anywhere.
NMIMS Online B.Com Fees: INR 99,000
Final Thoughts
NMIMS Mumbai offers a helpful scholarship to students who need financial support. The Central Sector Scheme of Scholarship makes it easier for talented students from families with low incomes to study at one of India’s best universities.
If you meet the eligibility requirements and follow the application steps, you could get this scholarship to help with your fees. Just remember to gather all the needed documents, apply on time, and keep up good grades so you can keep the scholarship every year.
FAQs
Q1: Who can apply for the NMIMS Mumbai scholarship?
Ans:The scholarship is open to students who have performed well in their Class 12 exams, have a family income of less than ₹6 lakhs per year, and are enrolled in a full-time degree program at NMIMS Mumbai. It is available for General, SC, ST, and PwD students.
Q2: What is the scholarship amount?
Ans:The scholarship provides ₹1,000 per month for 10 months to undergraduate (UG) students, ₹2,000 per month for 10 months to postgraduate (PG) students, and ₹2,000 per month for 10 months to 4th and 5th-year professional course students.
Q3: How can I apply for the scholarship?
Ans:To apply, visit the PFMS website, register by entering your personal and academic details, and submit the application along with the necessary documents.
Q4: What documents do I need to apply?
Ans:You will need to upload your Class 12 marksheet, income certificate, category certificate (if applicable), proof of residence, passport-sized photograph, photo ID proof (like Aadhaar or PAN), and bank account details.
Q5: Can the scholarship be renewed every year?
Ans:Yes, the scholarship is renewable every year, but you must maintain good academic performance to continue receiving it.