• The ICFAI University,  Raipur

Fee & Financial Support

Fee & Financial Support


Fee Structure MBA & BBA
Program Program Duration Admission Fee Program Fee Caution Deposit
Fee per semester Total Program Fee
MBA 2 years 10,000 41,500 1,66,000 1,500
BBA 3 years 10,000 19,000 1,14,000 1,500


Program Fee:
Program Fee is to be paid in equal installments as shown against the respective program, as per announced schedule.

Caution Deposit:
All students are required to pay the caution deposit along with the first semester fee. The caution deposit will be refunded without interest after adjusting dues, on completion of the respective program.

Remittance:
All payments should be made by way of Demand Draft in favor of "The ICFAI University, Raipur - Fee Collection A/c" payable at Raipur.

Merit Scholarships
The ICFAI University, Raipur (IUR) offers merit scholarships to students pursuing the UG & PG programs. These scholarships are based on past academic record and semester-wise performance.

A. Merit Scholarships based on Past Academic Record:
Percentage of marks achieved in Class XII (or equivalent) for UG programs and graduation for PG programs will decide the amount of scholarship. Scholarship will continue semester after semester only on maintaining a minimum 6.0 GPA in the previous semester. The details are presented in the following table.

Programs No. of SemestersAmount of Scholarship in Rs. *
Category I Category II Category III Category IV
≥ 90% in 10 + 2 / JEE (Mains) 2017 Rank < 1000 / CGPET 2017 Rank < 1000 ≥ 80% to < 90% in 10 + 2 / JEE (Mains) 2017 Rank 1001 to 5000 / CGPET 2017 Rank < 5000 (≥ 70% to < 80% in 10 + 2 / JEE (Mains) 2017 Rank 5001 to 10000 / CGPET 2017 Rank <5001 to 10000 (≥ 60% to < 70% in 10 + 2 / JEE (Mains) 2017 Rank 10001 to 15000 / CGPET 2017 Rank <10001 to 15000
≥ 90% ≥ 80% to
< 90%
≥ 70% to
< 80%
≥ 60% to
< 70%
MBA 4 45,000 37,000 30,000 22,000
BBA 6 27,000 22,000 18,000 13,000


* Above scholarship amount would be disbursed equally in 8 semesters for BBA and 4 semesters for MBA program.

B. Semester-wise Performance:
Up to 10% of the students of the batch will be awarded merit scholarships based on their Semester-wise performance in addition to the scholarship based on the past academic record. Details are given below.

Programs No. of Semesters Academic Performance (CGPA)
Amount of Scholarship in Rs. (per semester)
Category I
(≥ 9.00)
Category II
(≥ 8.50 to <9.00)
Category III
(≥ 8.00 to <8.50)
MBA 4 11,000 8,000 6,000
BBA 6 4,000 3,000 2,000


Detailed guidelines for the Merit Scholarship Scheme will be provided through Student Handbook.