IRMA has several prestigious scholarships for deserving participants, which are mentioned below:
IRMA Fellowship: Currently only participants who get a monthly gross salary that is less than the decided minimum gross salary are eligible to receive the IRMA Fellowship (provided they join the organisations that are eligible for the purpose of the fellowship). The amount of the IRMA Fellowship to an eligible participant will be equal to the difference between the actual amount of his/her gross salary and the decided minimum gross salary. The recipient of IRMA fellowship may get a maximum of Rs. 3 lakhs during the course of 3 years. There could be revisions to these procedures. IRMA encourages participants to work in the eligible organisations and the numbers of scholarships are likely to increase.
Scholarships for SC / ST Applicants: SC / ST scholarships covering the entire cost of education of SC / ST applicants are available at IRMA. The Ministry of Social Justice and Empowerment, Government of India has allocated four scholarships to IRMA for SC participants. The scholarship covers fees, non-refundable charges, lodging and boarding expenses, and cost of books, stationery, and personal computer (http://www.socialjustice.nic.in). The Ministry of Tribal Affairs, Government of India has allocated five scholarships to IRMA for ST applicants. The amount of the scholarship covers tuition fees, boarding and lodging expenses, book grant, and a one-time grant for the purchase of a personal computer (http://www.tribal.nic.in).
Tuition Fee Waiver Scheme and Fee Exemption: The Tuition Fee Waiver Scheme, as per the AICTE rules, is available at IRMA. IRMA also firmly believes that no one should be deprived of education for lack of financial resources. Hence, IRMA is open to providing financial assistance to meet the PRM tuition fees of extremely poor applicants. Participants can request for Exemption only after joining.
Educational Loans: Educational loans are available from various banks to applicants enrolling at IRMA.
Bridge Fund: A fund of Rs.50 lakhs has been set aside by the Institute for participants facing economic deprivation to bridge the gap between the dates of payment of IRMA and the disbursement of payment from different financing options (e. g. bank loan, fee waiver/exemption scheme of IRMA etc.).
Note: Numbers of scholarships & their availability are based on year to year sanctions from concerned organisations / Ministry