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Merit Scholarship for Academic Year 2024

  • The ICFAI University Sikkim offers merit scholarships to students pursuing the UG & PG Programs.
  • The scholarships are based on performance in Class XII (or equivalent)/ Graduation (or equivalent) and Semester-wise performance during the Program.

A. Merit Scholarships based on past academic record:

  • Percentage of marks achieved in qualifying examination will decide the amount of scholarship.
  • The Scholarship amount will be awarded in 2 equal instalments i.e. in the first and second semester of the program.
  • The second instalment of the scholarship will be awarded on securing a minimum 8.00 GPA in the first semester.
  • The students availing 50% program fee concession (i.e., Govt. Quota students) will not be eligible for scholarships based on Past Academic Record. However, they will be eligible for scholarships based on semester-wise performance.

The scholarship details are as presented in the following table.

Aggregate % in qualifying examination

% of 1st Sem. program fee given as merit scholarship

≥ 90%


≥ 80% - < 90%


≥ 70% - < 80%


* All subjects marks will be taken into consideration while calculating Entry Level Scholarship percentage.

B. Merit Scholarships based on Semester-wise Performance: Up to 10% of the students of the batch will be awarded merit scholarships based on their Semester-wise performance (Details presented in the table given below). These scholarships are offered in addition to the scholarships based on the past academic record.

Academic Performance (CGPA)

Category I ≥ 9.00

Category II ≥ 8.50 - < 9.00

Category III ≥ 8.00 - < 8.50

% of Program fee of the semester will be awarded as scholarship