The Bajaj Finserv Scholarship Program is an opportunity for students pursuing postgraduate management courses to reduce the financial burden of higher education. The programme supports meritorious students who have secured admission to eligible institutions and meet the academic and family-income requirements.
For PG students, the scholarship covers eligible MBA, PGDM and PGP programmes. Selected students can receive financial support of up to ₹10 lakh per year, depending on their applicable fee slab and scholarship conditions.
Bajaj Finserv Scholarship for PG Students – Overview
| Particular | Details |
| Scholarship Name | Bajaj Finserv Scholarship Program |
| Level of Study | Postgraduate |
| Eligible Courses | MBA, PGDM and PGP |
| Applicant | First-year PG students |
| Academic Requirement | 75% or equivalent in Class 10 and 12 |
| Family Income Limit | Up to ₹15 lakh per year |
| College Requirement | Top 25 NIRF-ranked institutions |
| Maximum Support | Up to ₹10 lakh per year |
| Application Mode | Online |
Who Can Apply for the Scholarship?
The Bajaj Finserv Scholarship for PG students is intended for students who are beginning the first year of a full-time two-year postgraduate management programme.
Students pursuing MBA, PGDM or PGP in any management specialisation can be considered, provided they satisfy the other eligibility requirements. Applicants must also be studying at an institution included among the eligible top 25 NIRF-ranked colleges. Preference is given to students studying at institutions ranked among the top 10.
Eligibility Criteria
Students should check all the conditions before submitting their application:
- Must be an Indian citizen.
- Must be studying in the first year of a full-time two-year PG programme.
- The eligible programmes are MBA, PGDM and PGP.
- Must have scored at least 75% or an equivalent CGPA/grade in both Class 10 and Class 12.
- Annual parental income from all sources should not exceed ₹15 lakh.
- Must be studying at an eligible institution ranked among the top 25 NIRF-ranked colleges.
- Students from the top 10 NIRF-ranked institutions receive preference.
- Children of employees of Bajaj Finserv or Buddy4Study are not eligible.
The programme also gives preference to deserving students from underserved backgrounds, including students with disabilities, students from single-parent families due to death or divorce, and orphaned students.
Scholarship Benefits for PG Students
The scholarship amount depends on the student’s first-year fee rather than being a fixed amount for every applicant.
For eligible MBA, PGDM and PGP students, the reported support structure is:
- Up to ₹5 lakh per year when the first-year fee is up to ₹5 lakh.
- Up to ₹8 lakh per year when the first-year fee is above ₹5 lakh and up to ₹8 lakh.
- Up to ₹10 lakh per year when the first-year fee is above ₹8 lakh.
Students whose tuition fee is completely waived through a tuition fee waiver or by the government/institution may be eligible for ₹2.5 lakh per year towards hostel, mess and other essential academic expenses, subject to the programme conditions.
Documents Required
Applicants should keep the necessary documents ready while applying. These may include:
- Class 10 marksheet
- Class 12 marksheet
- Graduation marksheets
- Admission proof
- College ID or bonafide certificate
- Course and fee details
- Family income proof
- Identity proof
- Bank account details
- Passport-size photograph
Applicants should check the application form for the latest document requirements before submission.
How to Apply for Bajaj Finserv Scholarship?
Eligible students can apply online by following these general steps:
Visit the scholarship application portal → Register → Enter personal and academic details → Provide course and college information → Upload documents → Review the application → Submit
Students should enter their information carefully and make sure the uploaded documents are clear and valid.
Renewal of the Scholarship
- Scholarship renewal is not automatic.
- Students must remain enrolled in the eligible course.
- A minimum of 60% marks or equivalent grade is required.
- Other renewal conditions and document requirements must also be me
Final Takeaway
The Bajaj Finserv Scholarship for PG students can be particularly valuable for students entering MBA, PGDM or PGP programmes at eligible highly ranked institutions. With financial support of up to ₹10 lakh per year, it can significantly reduce the cost of postgraduate management education. However, students should carefully verify the NIRF institution requirement, academic performance, family-income limit and other conditions before applying.
If you are planning to pursue a PG management course, checking your eligibility early can help you prepare the required documents and submit a complete scholarship application on time.
