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Institute of Insurance and Risk Management
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#3rd-5th among Government B-Schools in South India India Today📍 Hyderabad, Telangana

Institute of Insurance and Risk Management Scholarship 2026 Financial Aid, Merit & Category Scholarships

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Avg Package

8.39 LPA

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Highest Pkg

15.4 LPA

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Institute Type

Public

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Total Courses

2 Courses

IIRM Hyderabad offers a combination of central government scholarship schemes and institute-level merit-based fee concessions to make its specialized PGDM and PGDAS programmes more accessible to deserving students. Among the government schemes, the National Scholarship Portal's PM-USP (Post-Matric Scholarship for Professional and Technical Courses) Yojana is available to students who scored at least 80 percent in Class 12, are enrolled in an AICTE-recognized UG or PG course, and come from families with a parental income of up to Rs. 4.5 lakh per annum, offering a benefit of approximately Rs. 82,000 per annum, subject to maintaining at least 50 percent marks and 75 percent attendance in a regular course.

Scholarships & Financial Aid

A central government post-matric scholarship scheme (National Scholarship Portal - PM-USP Yojana) applicable to eligible AICTE-approved PGDM students at IIRM based on income and academic performance criteria.

Available Scholarships

Scholarship NameEligibility CriteriaAward Amount
NSP (PM-USP) Yojana Scholarship

A central government post-matric scholarship scheme (National Scholarship Portal - PM-USP Yojana) applicable to eligible AICTE-approved PGDM students at IIRM based on income and academic performance criteria.

80% in Class 12, enrolled in AICTE-recognized UG/PG courses, parental income up to Rs. 4.5 lakh; must maintain 50% marks and 75% attendance in a regular course

Rs. 82,000 per annum
National Scholarship for Postgraduate Studies (UGC)

A UGC-administered scholarship scheme available to eligible first-time PG students, applicable to qualifying IIRM postgraduate diploma candidates subject to scheme-specific eligibility norms.

First-time postgraduate students under 30 years of age enrolled in UGC-recognized full-time postgraduate programmes

Rs. 10,000 per year or Rs. 15,000 per month (as per scheme terms)
Merit-Based Fee Concession (CAT/XAT/CMAT Scorers)

IIRM offers merit-based scholarships or partial fee waivers to candidates with strong entrance exam performance, at the institute's discretion for each admission cycle.

Candidates with high scores in national entrance exams such as CAT, XAT, or CMAT

Partial fee waiver, amount varies by admission cycle

Counselling Updates

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Scholarships at IIRM Hyderabad

A separate UGC-administered National Scholarship for Postgraduate Studies is available to first-time postgraduate students under 30 years of age who are enrolled in a UGC-recognized full-time postgraduate programme, offering a benefit of Rs. 10,000 per year or Rs. 15,000 per month depending on the specific scheme terms applicable for that academic year. These government schemes operate independently of IIRM's own institute-level concessions and require students to apply directly through the National Scholarship Portal (scholarships.gov.in) within the notified application window.

  • NSP (PM-USP) Yojana - Rs. 82,000/annum for eligible income-based candidates
  • UGC National Scholarship for Postgraduate Studies - Rs. 10,000/year or Rs. 15,000/month
  • Merit-Based Fee Concession for high CAT/XAT/CMAT scorers
  • Cash prizes for meritorious students (institute-level recognition)

In addition to these government schemes, IIRM extends merit-based fee concessions or partial fee waivers to candidates who achieve particularly strong scores in national entrance exams such as CAT, XAT, or CMAT, with the exact discount determined at the institute's discretion for each admission cycle. The institute has also historically awarded cash prizes to meritorious students as a form of academic recognition beyond fee concessions, reflecting its emphasis on rewarding strong performance within its relatively small, specialized cohorts.

Applicants intending to apply for any of these scholarships are advised to prepare the required income, category, or academic documentation well ahead of the admission cycle, since government scholarship schemes in particular operate on fixed application windows through the National Scholarship Portal. For the latest scholarship percentages and eligibility criteria specific to a given admission year, candidates should consult the admissions office directly alongside reviewing the institute's fee structure to understand the net cost after any applicable waiver.

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