To make postgraduate studies in business management accessible to meritorious students, IDFC First Bank has introduced a newly made scholarship program known as the IDFC FIRST Bank MBA Scholarship. Under this program, IDFC targets meritorious students who are unable to pursue higher studies due to any type of financial constraints. By offering this scholarship program, the government aims to ensure that every talented student has access to continue their higher education without any financial issues. If you’re a student who wishes to apply for the IDFC First Bank MBA Scholarship so stay connected with this article for complete information.
Objective of IDFC FIRST Bank MBA Scholarship
The main purpose of the IDFC FIRST Bank MBA Scholarship is to transform the lives of underprivileged students seeking financial assistance for their P-G courses by providing financial assistance to deserving students. Under this scholarship program, the government provides financial assistance for further studies to those deserving students who have strong financial need for the continuation of as per their requirements. With the help of this scholarship, every deserving citizen can support their educational pursuits without any financial constraints.
Also Read: Flipkart Foundation Scholarship Program
Important Factors of IDFC FIRST Bank MBA Scholarship
| Name of Scholarship | IDFC FIRST Bank MBA Scholarship. |
| Launched by | IDFC FIRST BANK OF INDIA. |
| Governing body | Government of India |
| Year | 2025-26. |
| Objective | To provide financial assistance to meritorious students so that they are able to meet their regular educational expenses, including books, study material, and all that is necessary to pursue higher studies. |
| Program Type | Scholarship. |
| Target Beneficiaries | Meritorious Students. |
| Mode of Application | Online |
| Official website | IDFC |
Eligibility Criteria
To be eligible for IDFC FIRST MBA Scholarship, applicant needs to meet the following eligibility criteria’s these are as follows:-
- Applicant must be a permanent resident of India.
- Applicant must want to pursue their studies in MBA.
- The age of the applicant must not be more than 35 years at the time of application.
- The annual income of the applying candidate’s family must be less than Rs 6 lakh per annum from all sources.
Benefits of IDFC FIRST Bank MBA Scholarship
- Award Scholarships:- Under this scholarship program, IDFC offers an INR 2,00,000 to selected students.
- Access to Fulfill Aspirations:- By offering this program government aims to empower students so that they are able to fulfill their aspirations to study in some of the best colleges/universities in India, irrespective of their current financial background.
- Make PG Studies Accessible, offering this scholarship program government aims to provide access to make postgraduate studies in business management accessible to meritorious students.
- Total No of Scholarships:-Under this, a total of 700 scholarships are available for the meritorious students.
Also Read: L’Oréal India For Young Women In Science Scholarships
Documents Required
- Aadhar Card
- Address Proof
- Academic Records
- Birth Certificate
- Bank Details
- Caste Certificate
- Signature/Autograph
- Income Certificate
- Passport-Sized Photograph
- Phone Number
Important Dates
| Events | Dates |
| Application Starts From | Going on |
| Closed on | 30/06/2025 |
Salient Features
- Scholarship Duration:- This scholarship program is only applicable for two years of full-time MBA studies ( 1 Lakh p.a. subject to T&C).
- Available Course:- Under this scholarship program, IDFC provides access to Post Graduate Studies in Business (MBA degree or its equivalent) to eligible students who, at present, lack the financial means to pursue their studies.
- Cover Academic Expenses:- Under this scholarship program government covers all educational expenses, including school fees, tuition fees, books, and other study materials, and encourages them towards education.
- Target Meritorious Students:- Under this Scholarship, the government specially targets meritorious students who are struggling with financial worries.
Selection Process
- Application Submission:- Firstly, applicants who are interested in this scholarship program need to visit the official website, apply for the scholarship by filling in all the required details, and then submit it.
- Verification of Documents: Once the application is submitted successfully then verification of documents begins by the top authorities.
- Conduct Interview:- After verification, the authorities conducts an interview in the presence of experienced experts.
- Selection of Deserving Students: Once the interview is over, experts select deserving students based on the student’s performance in the interview.
- Funds Disbursement: Lastly, scholarship is given by the government to selected students directly into their bank accounts.
Also Read: KBI Safalta Scholarship
IDFC FIRST Bank MBA Scholarship Online Application 2025
To apply for the IDFC FIRST MBA Scholarship, the applicant needs to follow these steps:-
- Step 1: Visit the IDFC website.
- Step 2: The Home page of the official website will appear on the screen.
- Step 3: Now, the applicant needs to click on the “Apply Now” option.
- Step 4: A new scholarship page will open on the screen.
- Step 5: After that applicant needs to enter and upload all the required documents with the application form.
- Step 6: Once, quickly review all the details carefully.
- Step 7: Click on “Submit” to finish the process.
Contact Information
- Customer care hotline: 1800 10 888
FAQs
Who has launched the IDFC FIRST MBA Scholarship?
IDFC FIRST BANK OF INDIA has launched the IDFC FIRST MBA Scholarship.
Is there any gender-related criterion for the IDFC FIRST MBA Scholarship?
No, gender related criteria are not available under the IDFC FIRST MBA Scholarship; both girls & boys can apply for the same.
What benefits are provided to deserving candidates under the IDFC FIRST MBA Scholarship?
Deserving candidate receive financial assistance directly into their bank accounts.