Students availing scholarship will only have to bear the mess charges
Nagpur: The Indian Institute of Management-Nagpur (IIM-N) will now offer a complete fee waiver in the form of a scholarship to 10 students who are eligible for admissions to IIMs at Ahmedabad, Bangalore (Bengaluru), Calcutta (Kolkata) and Lucknow , also known as ABCL, but opt for Nagpur.
The IIM-N has hiked its fee to around Rs18 lakh for the 2022-24 batch of postgraduate program (PGP) in management. Students availing scholarship will only have to bear the mess charges while resting of the academic fee would be covered under the sponsorship.
Traditionally, Common Admission Test (CAT) toppers having percentile of more than 95 get calls from these prestigious B-schools. Best brains, including freshers, from IITs and NITs are able to crack the admission process of the top four IIMs.
The previous cut off for IIM-Nagpur was around 88 percentile.
The selection criteria of IIMs also vary with each having their unique assessment methods. Based on the overall performance of applicants, a merit list is prepared for admission.
IIM-N so far has been giving more weightage to applicants with work experience. Hence, those having lower CAT percentile are sometimes placed higher in IIM-N’s merit list.
This year’s CAT has been conducted and students would be filling admission forms for different B-schools.
IIM-N director Bhimaraya Metri told TOI that only a high CAT percentile would be required to qualify for the scholarship. “The scholarship would be open to all. Even if an applicant has a lower ranking in our merit list but has higher CAT percentile, she or he qualifies for the scholarship. The modalities are being finalized by a committee and details would soon be uploaded on our website. In case of a clash in percentile point, we may consider the institute merit list and other academic achievements,” he said.
So far, IIM-N hasn’t got many applicants from IITs or top NITs. Officials feel presence of such bright students in the batch will add value and change the environment of the class.
IIM-N is also planning a revision in its assessment pattern for admission, just like IIM-A which gives more weightage to freshers.
Metri added that next academic year, IIM-N shall also roll out new courses like Bharat Darshan, rural sensitisation, Indian ethos and business as per NEP.