ICFAI Business School Scholarship 2023: beneficiaries, Selection Procedure, Last Date, Eligibility Criteria, Documents and online Application

The ICFAI Business School (IBS) has embarked on a mission to empower students pursuing BBA degrees by launching the ICFAI Business School Scholarship. This remarkable initiative awards scholarships to the top 100 students across three categories – IBSAT, CAT, and NMAT. The selection process is based on academic excellence.

Within the confines of this article, we aim to provide a comprehensive understanding of the ICFAI Business School Scholarship 2023. We will delve into its purpose, eligibility criteria, benefits, features, and essential documentation. Furthermore, we will guide you through the online application process to ensure you have all the information needed to make a successful application. For a complete grasp of this scholarship opportunity, read on until the end.

ICFAI Business School Scholarship 2023

Aspiring students who have cleared the IBSAT exam can secure admission to the ICFAI Business School for BBA and B.Com degrees, all made possible through the generous scholarships provided by the ICFAI Business School Scholarship. These scholarships are designed to assist students in achieving their educational goals and are awarded based on merit. As a prerequisite, candidates need to meet the marks requirement in the English language proficiency test.

Benefit Students will be able to get paid their fees
Applicable To Citizens of India
Beneficiaries Students
Beneficiary Categories IBS Alumni Wards
Wards of Defense Personnel
Students with Disability or PWD
No. of Beneficiary Categories 3
Offered Degrees BBA
B.Com or BA. Honors (Economics)
No. of Offered Degrees 2
Mode Of Transfer DBT (Direct Benefit Transfer)
Payment Mechanism e-payment mechanism
Form of Benefit Scholarship amount
Scholarship Renewal 70% to 90% marks in the previous year’s exam
Attendance Record 70% Attendance Record
Scholarship Transferral Semester Basis
Amount of benefit Variable Assistance
Selection Rounds Group Discussion
Personal Interview
No. of Selection Rounds 2

The inception of this scholarship stems from IBS’s commitment to offering financial support to deserving students who seek business-related degrees at their esteemed institution. An astonishing total of Rs. 10 crores in scholarship funds is available for students who excel in the entrance test conducted by IBS.

Aim of ICFAI Business School Scholarship 2023

The primary objective of launching the ICFAI Business School Scholarship is to provide financial assistance to students, enabling them to join the institution and pursue business-based degrees. Additionally, IBS aims to foster an environment that promotes BBA and B.Com degrees among young individuals, encouraging them to carve their career paths through the scholarship provisions. Scholarships will be allocated based on performance in the entrance test.

ICFAI Business School Scholarship 2023 Exam Details

Exam Name  IBSAT 
Exam Type  CBT  (Computer Based Test)
Duration  2 Hours (120 Minutes)
Questions Type  MCQ (Multiple Choice Questions)
Divisions  Group Discussion
Personal Interview

ICFAI Business School Scholarship beneficiaries

The following beneficiaries are eligible to apply for the scholarship:

  • IBS Alumni Wards
  • Wards of Defense Personnel
  • Students with Disabilities or PWD

ICFAI Business School Scholarship Degrees Offered

The following degrees are available for scholarship candidates:

  • BBA
  • B.Com or BA. Honors (Economics)

ICFAI Business School Scholarship Minimum Marks Cut Off

To be considered for BBA or B.Com degree programs at ICFAI Business School through scholarships, students must meet the minimum marks cut-off requirement. A minimum aggregate of 50% marks in the BA degree is essential to secure entry to the college.

ICFAI Business School Scholarship Selection Procedure

The selection process for scholarship disbursement involves the following steps:

  1. Merit Performance in the Entrance Examination
  2. Group Discussion
  3. Personal Interview Round

Only those who have successfully cleared the entrance exam will progress to the subsequent rounds. The final selection is based on overall merit performance.

ICFAI Business School Scholarship Mandatory Tests To Pass

Applicants need to clear the following mandatory tests:

  • TOEFL
  • NELT
  • IELTS

ICFAI Business School Scholarship 2023 Last Date

The exact deadline for scholarship application submission has not been announced yet. Stay tuned for updates, and ensure you’re aware of the final registration date.

Benefits Of ICFAI Business School Scholarship 2023

This scholarship offers a range of benefits, including:

  • Enrollment in BBA or B.Com degree programs at ICFAI Business School
  • Pursuing a B.Com degree from IBS campus
  • Multiple IBS campuses across 9 cities nationwide
  • Eligibility for students in specified cities
  • Semester-wise scholarship disbursement
  • Progression through entrance exam, group discussion, and personal interview rounds
  • Consideration of previous year’s exam scores
  • Computer-based test (CBT) format

Features Of ICFAI Business School Scholarship 2023

The scholarship features encompass:

  • Launch by the IBS Organization
  • Applicable to students who secure admission to IBS School
  • Designed exclusively for BBA degree aspirants
  • IBS presence across 9 cities
  • Scholarship disbursed over first and second semesters
  • Award based on entrance exam performance
  • Computer-based test (CBT) format
  • Selection based on Group Discussion and Personal Interview Round
  • Further details available on the official website

ICFAI Business School Scholarship Eligibility Criteria

Applicants need to meet the following eligibility criteria:

  • Indian nationality
  • Aspirants for BBA & B.Com degrees from ICFAI Business School
  • Submission of English Language proficiency test reports (IELTS, TOEFL, NELT)
  • Minimum 50% aggregate marks in the previous year’s BA degree
  • Final-year graduation students can also apply

ICFAI Business School Scholarship Required Documents

Essential documents for online scholarship application:

  • Aadhar Card
  • Residence Certificate
  • Date of Birth Certificate
  • Educational Certificates
  • Proof of Admission
  • College ID Card
  • Course/College Fee Receipt
  • Bank Account Details
  • Annual Income Certificate
  • Recent Passport Size Photograph
  • Active Email Address
  • Functional Mobile Number

ICFAI Business School Scholarship 2023 online application

Follow these steps to complete your online scholarship registration:

  1. Visit the Official Website.
  2. Explore the homepage and locate the “Apply to IBS” link.
  3. Click “Apply to IBS” and proceed with the “Click Here” link.
  4. Complete the registration form with personal information.
  5. Submit the form and proceed to the subsequent forms.
  6. Fill out the required details step by step.

ICFAI Business School Scholarship Contact

For inquiries related to the ICFAI Business School Scholarship, reach out using the provided contact details:

  • Office Address: IBS Admission Office, Plot No. 65, Nagarjuna Hills, Punjagutta, Hyderabad – 50082, Telangana
  • Phone Number: 23440963
  • Email: ibsat@ibsindia.org

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