

ICFAI University, Raipur, located in Chhattisgarh, offers a comprehensive range of scholarship opportunities to support meritorious and deserving students. The university’s scholarship framework primarily focuses on merit-based tuition fee waivers, rewarding both past academic excellence and semester-wise academic performance. These scholarships are available for eligible Undergraduate and Postgraduate programs and aim to promote access to quality education while recognizing academic achievement.
ICFAI University Scholarships – Overview
Scholarships at ICFAI University, Raipur are designed to reduce the financial burden on students and encourage consistent academic performance throughout the program. Financial support is generally provided in the form of partial tuition fee waivers, subject to eligibility and performance criteria.
Types of Scholarships Available
Merit-Based Scholarships (Qualifying Examination Based)
Merit-Based Scholarships (Semester Performance Based)
Government / External Scholarships (as per applicable norms)
ICFAI University Scholarship Eligibility
Scholarship eligibility at ICFAI University, Raipur is primarily based on academic merit and continued academic performance.
General Eligibility Criteria
Undergraduate Programs:
Based on Class XII marks (generally 60%–90% or above, depending on the scholarship slab)Postgraduate Programs:
Based on marks obtained in the relevant bachelor’s degreeSemester-Based Scholarships:
Students must maintain a minimum CGPA of 6.0 for continuationGovernment Scholarships:
Eligibility depends on income limits, category, domicile, or minority status as prescribed by government authorities
ICFAI University Required Documents
Applicants are required to submit the following documents for scholarship verification:
Mark sheets and certificates of qualifying examination
Proof of admission / fee receipt
Government-issued photo identity proof
Income / caste / minority certificate (if applicable)
Semester-wise grade report (for renewal cases)
ICFAI University Scholarship Application Process
Scholarship applications are generally accepted at the time of admission or after declaration of semester results
Students must apply through the official admission portal or submit the application at the designated university office
All required documents must be submitted within the prescribed timeline
Scholarship renewal is subject to academic performance, attendance, and conduct
ICFAI University Scholarship Details
Merit Scholarship – Based on Qualifying Examination Marks
| Eligibility (UG / PG) | Scholarship Amount (B.Tech) |
|---|---|
| ≥ 90% | ₹84,000 |
| 80% – 89.99% | ₹70,000 |
| 70% – 79.99% | ₹56,000 |
| 60% – 69.99% | ₹42,000 |
B.Tech (Lateral Entry):
| Eligibility | Scholarship Amount |
|---|---|
| ≥ 90% | ₹63,000 |
| 80% – 89.99% | ₹52,500 |
| 70% – 79.99% | ₹42,000 |
Scholarship amounts are disbursed over the full duration of the program, subject to meeting continuation criteria.
Merit Scholarship – Based on Semester Performance
Semester-wise scholarships are awarded to students achieving high CGPA in each academic term.
| Program | CGPA Criteria | Scholarship Amount (Per Semester) |
|---|---|---|
| B.Tech | ≥9.00 / ≥8.50 / ≥8.00 | ₹10,500 / ₹7,700 / ₹5,300 |
| BCA | ≥9.00 / ≥8.50 / ≥8.00 | ₹5,700 / ₹4,200 / ₹2,800 |
| MBA | ≥9.00 / ≥8.50 / ≥8.00 | ₹15,000 / ₹11,000 / ₹7,500 |
| BBA | ≥9.00 / ≥8.50 / ≥8.00 | ₹6,900 / ₹5,100 / ₹3,500 |
(Scholarship slabs may vary slightly by program as per university norms.)
Government / External Scholarships
Students may also apply for Central and State Government scholarships, including:
SC / ST / OBC scholarships
Minority scholarships
EWS and income-based schemes
These scholarships are governed by respective government policies, eligibility conditions, and disbursement timelines.
Important Scholarship Notes
Students must maintain a minimum CGPA of 6.0 for scholarship continuation
Scholarships are generally not combinable; the highest eligible benefit is awarded
Continuation is subject to attendance, discipline, and academic conduct
Scholarship availability depends on university regulations and fund allocation
Updated scholarship guidelines are published before each admission cycle
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