PhD students at IIMU receive a full fellowship that covers the cost of tuition, accommodation, other program expenses and a stipend for a living allowance. IIMU provides ample financial support to PhD students to sustain their living and research expenses and funds international exposure during the program.

• All Ph.D. students will be provided with single accommodation (or equivalent) at no charge. Students will get shared office space on the campus.
• A married hostel is in the planning stage and expected to be ready by 2026. Meanwhile, married students can receive a Rs. 10,000 monthly rental subsidy for off-campus housing with their families.
• The Institute will provide various forms of financial assistance to PhD students:
  • Students will receive a monthly stipend of ₹ 50,000 (first 2 years), ₹ 55,000 on clearing comprehensive exam till the fifth year.
  • The publication incentive will be provided based on the publication category i.e. INR 50,000 per paper for A*/A category publications and INR 25,000 per paper for B category publications.
  • Students will be eligible for a contingency grant to purchase books, research materials, hardware, software, stationery, etc. of INR 25,000 annually from the first year onwards until the end of the fifth year. All payments would be subject to actuals.
  • The Institute will provide a one-time allowance of up to INR 1,00,000 to purchase a laptop/PC. This includes the option to use up to INR 25,000 from the first year's contingency grant for this purpose.
  • Students are eligible for research and international conference travel funds for conducting their dissertation-related research and presenting at international conferences (outside India) subject to the acceptance of their research papers. An amount of Rs.3,50,000 can be sought and utilized for this purpose. A top up of Rs. 50,000 can be added to this fund by including the fourth- and fifth years’ contingency grant fund each (i.e., Rs. 25,000 + Rs. 25,000). Thus, total research and international conference travel fund is up to Rs. 4,00,000.
  • IIMU encourages PhD students to attend national conferences/seminars to present their research papers. For this purpose, students will be eligible for a grant of INR 20,000 per year to attend national conferences/seminars subject to the acceptance of their research papers.
  • Students are also eligible to receive an additional funding of INR 2,00,000 to attend another international conference if they co-author a paper with an IIMU faculty member which gets accepted at a FT50/ IIMU A* journal list during the student’s tenure in the PhD program.
  • Semester Abroad (Merit-based): The institute will fund an international immersion for up to two students (merit-based) in a year—enabling them to spend four months at an esteemed university abroad. The program will cover travel costs, living expenses, medical insurance (actual) and contingencies for the period. This is a unique offering in IIMU that is not currently available at any other IIM.

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