Scholarship to Study Abroad for Indian Students – Global experience, diverse network, and access to world-class education make studying MBA abroad a dream for many Indian students. However, a foreign country’s high tuition fees and living expenses can be major challenges. To ensure that student’s dreams aren’t crushed, many scholarships are available that hope to aid in removing the financial burden of studying abroad. Throughout this article, we will provide an overview scholarship to study abroad for Indian students and which will fund their study abroad journey. 

• Inlaks Shivdasani Foundation Scholarships

The Inlaks Shivdasani Foundation offers scholarships to Indian students who display outstanding academic performances to study at top-rated institutions in North America and Europe. These scholarships include tuition fees, living expenses, one-way travel, and health insurance. Inlaks Shivdasani Foundation scholarship to study abroad for Indian students is considered a wonderful opportunity for students.

The eligibility criteria for receiving the Inlaks Shivdasani Foundation Scholarship are as follows:

• Indian citizenship
• An undergraduate degree from an accredited institution in India
• Potential scholars must be below 30 years of age
• Prior admission to a top-ranked institution

Application Process:

1. An online application including academic details and a motivation letter
2. After reviewing applications, shortlisted applicants will be invited for interviews and assessments
3. The scholar/s is chosen based on academic performance, potential, and financial need. 

• Chevening Scholarships

These scholarships are funded by the UK government and are aimed at developing global leaders. The Chevening scholarships for studying abroad offer full financial support to pursue any eligible master’s degree at any UK university, including MBA programs. It’s time to brush up on your British accent! 

Eligibility Criteria:

• Indian citizenship
• At least two years of work experience
• A commitment to return to India upon completion of the MBA program for a minimum of two years
• An undergraduate degree from an accredited institution

Application Process:

1. Online application including details of your work experience, two letters of recommendation, and a motivation letter.
2. Those applicants who are shortlisted are invited for an interview at the British High Commission.
3. The scholar/s will be selected based on academic merit, leadership potential, and professional background.

• Fulbright-Nehru Master’s Fellowships

Do you want to experience the land of opportunities? The Fulbright-Nehru Master’s Fellowships are designed for outstanding Indians to pursue a master’s degree in the United States. These fellowships cover tuition, living expenses, health insurance, and airfare. The American dream is just a scholarship away!

The eligibility criteria for receiving the Fulbright-Nehru Master’s Fellowship are as follows:

• Indian citizenship
• A high level of academic and professional achievement
• At least three years of work experience
• Demonstrated leadership qualities and community service

Application Process:

1. Online application, including academic transcripts, test scores (GRE/GMAT), and three letters of recommendation.
2. You must write a personal statement and detailed research project proposal or study objectives.
3. Those applications that are shortlisted will be interviewed.
4. The scholar/s will be selected based on academic performance, leadership qualities, and potential to contribute to society. 

• Stanford Reliance Dhirubhai Fellowships

This fellowship, based on the collaboration of Stanford University and Reliance Industries, offers Indian students a scholarship to study MBA abroad at the Stanford Graduate School of Business. The Stanford Reliance Dhirubhai Fellowship covers approximately 80% of the cost of attendance. Ready to be the next big thing in business?

Eligibility Criteria:

• Indian citizenship
• Demonstrated leadership potential
• Commitment to improving communities in India
• Admission to Stanford MBA program

Application Process:

1. Apply for the Stanford MBA Program
2. Then, apply for the fellowship separately; this will require an essay on leadership and community service
3. Those applicants who are shortlisted will be interviewed
4. The final selection is based on academic merit, leadership potential, and commitment to India. 

• JN Tata Endowment for the Higher Education of Indians

This endowment provides loan scholarships to Indian students to study abroad for higher education. Although the JN Tata Endowment is a loan, the interest rate is low and includes a gift scholarship for selected scholars. Now that’s a sweet deal!

The eligibility criteria for the JN Tata Endowment for the Higher Education of Indians are as follows:

• Indian citizenship
• A graduate degree with consistently good academic performance
• Admission to a reputed institution abroad

Application Process:

1. Online application including academic details, motivation letter, and financial information
2. Those applicants who are shortlisted will be interviewed
3. Someone will determine the loan based on the needs and potential of the applicants.

• Commonwealth Scholarships

These scholarships are aimed at students from low and middle-income Commonwealth countries, including India. The Commonwealth Scholarships are funded by the UK Department for International Development (DFID) and cover tuition fees, airfare, and living expenses. 

Eligibility Criteria:

• Indian citizenship
• Permanent residence in India
• A bachelor’s degree in a relevant field with grades that are equal to or better than 60%
• Proof of financial need

Application Process:

1. An online application through the Ministry of Human Resources Development (MHRD) of India. 
2. You will need academic transcripts, letters of recommendation, and a motivation letter. 
3. Those who are shortlisted will be interviewed.
4. The final selection will be based on academic performance and potential to contribute to India’s development. 

• DAAD Scholarships for Postgraduate Courses with Special Relevance to Developing Countries

The German Academic Exchange Service (DAAD) offers scholarships for postgraduate courses with special relevance to developing countries. These scholarships cover tuition, living expenses, travel, and health insurance. Get ready for some pretzels and business strategies for scholarship to study abroad for Indian students.

The eligibility criteria for the DAAD scholarship for Postgraduate Courses with Special Relevance to Developing COuntries are as follows:

• Indian citizenship
• A bachelor’s degree in a relevant field
• At least two years of professional experience
• Proficiency in German or English

Application Process:

1. An online application including your academic transcripts, CV, and motivation letter. 
2. Two letters of recommendation from your university professors.
3. Proof of language proficiency (TOEFL/IELTS for English or TestDaF for German).
4. The selection will be based on academic merit, professional experience, and relevance of the proposed study to the development of India. 

Pro Tips for Scholarship Applications:

1. Start early

• Research the scholarships you wish to apply for in advance to ensure that you don’t miss any deadlines
• Allow ample time to gather the required documents and polish your application

2. Tailor your application

• You should customize your motivation letter and essay to the scholarship that you are applying for so that they align with each scholarship’s mission
• Don’t be basic! Avoid generic responses and always give specific details about your achievements and aspirations

3. Showcase leadership and impact

4. Get strong recommendations

• Ask for recommendations from those individuals who know you well and can provide detailed, positive insights into who you are
• Provide your recommenders with sufficient time to write effective letters

5. Be authentic and honest

6. Proofread thoroughly

• Ensure that your application is free from typos and grammatical errors
• Ask someone else to review your application for clarity

7. Prepare for the interview

Conclusion

Securing a scholarship can reduce the financial burden of pursuing an MBA abroad. It is highly advised that Indian students thoroughly research scholarships for Indian students to study abroad. They should research the various options and eligibility criteria and prepare strong applications to improve their chances of receiving these prestigious scholarships. There are also many companies that provide scholarships to study abroad. One such company is SecureMyScholarship. We offer guaranteed and exclusive scholarships. So, with determination and the right support, studying for an MBA abroad can become an achievable dream. Your golden ticket awaits!

Are you ready to take the plunge? The world is waiting for you!

FAQ’s

Q1) Can I apply for multiple scholarships simultaneously?

Yes, you can definitely apply for more than one scholarship at a time. Most scholarship providers recommend that you apply for more than one scholarship to increase your chances of securing funding for your study abroad journey. Always ensure that your application is tailored to the specific scholarship and meets its specific requirements. 

Q2) How important are extracurricular activities in scholarship applications?

Applying for scholarships is the same as applying to university; you need to sell your abilities to the person reviewing your application. By mentioning your extracurricular activities, you demonstrate your leadership, teamwork, and commitment. These activities highlight your strengths and showcase your well-rounded profile. 

Q3) What should I include in my motivational letter or essay?

Your motivational letter should include your academic and professional background, your reasons for pursuing an MBA, your career goals, and how the scholarship you are applying for will benefit you and help you achieve your goals. In your letter or essay, you should be specific about your achievements, experiences, and what makes you a viable candidate for the scholarship.