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. NET Qualified FPM scholar will get a stipend of Rs. 30,000 per month for a period of two years and Rs. 35000 for another two years. All those who are not NET qualified will get stipend after successful completion of the Comprehensive Examination. Stipend will be disbursed at the end of each term of 3 months’ duration. The progress of the student will be reviewed every three months henceforth and the decision regarding the disbursement of incentives for the next three months will be based on the scholar’s performance in the last three months period. The satisfactory/unsatisfactory performance of the candidate in the last three months will be certified by the candidate’s guide.

C. Above stipend will only be disursed when FPM Scholar is not working anywhere.

D. FPM Scholar will also be working as Teaching/Research Assistant at IMI Bhubaneswar.

E. Over and above the monthly stipend, a Contingency Allowance of Rs. 25,000 per year (for maximum period of 4 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.

F. Research incentive of Rs. 30000 will be given to FPM Scholar on publication in SCOPUS or Web of Science Journal with IMI Bhubaneswar affiliation. Grant will be given only after obtaining DOI.