Scholarships and Stipends
A. IMI Bhubaneswar offers limited number of scholarships to the full-time candidates. Successful candidates are exempted from paying the tuition fee and are only required to pay a one-time amount of Rs. 62,000/- (non-refundable Registration Fee of Rs. 25,000, lifetime Alumni fee of Rs. 12,000 and a refundable Security Deposit of Rs. 25,000) at the time of admission. The Security Deposit of Rs. 25,000 will be refunded only after completion of the programme and will be forfeited if a candidate fails to complete the programme.
B. On successful completion of the coursework, comprehensive examination, thesis proposal defense and on registration as FPM scholar, the student will get a stipend of Rs. 30,000 per month for a period of two years. Stipend will be disbursed at the end of each term of 3 month’s duration. The progress of the student will be reviewed every six months henceforth and the decision regarding the disbursement of incentive for the next six months will be based on the scholar’s performance in the last six months period. The satisfactory/unsatisfactory performance of the candidate in the last six months will be certified by the candidate’s guide.
C. Over and above the monthly stipend, a Contingency Allowance of Rs. 20,000 per year (for two years) to cover research expenses, expenses on books, photocopying etc. are also available to the eligible candidates. Students are entitled to get upto an amount of Rs.50,000/- (upper limit) for attending conference/workshop/summer school during their entire tenure as FPM scholar.