The institute will help desirous students in getting the education loans from leading nationalised banks, which will be subject to their ability to fulfil the terms & conditions of the respective banks for availing the loans.
To finance their PGDM (Equivalent to MBA) at CIMP, students now have the facility to avail loans using the students’ credit card of the Government of Bihar, and from the State Bank of India. The Bihar Student Credit Card Scheme is designed to provide an education loan through Bihar State Education Finance Corporation and the state government will stand guarantee for loans up to Rs 4 lakhs. Only 4 percent of simple interest is payable on loan amount and in case of woman, handicapped and transgender interest payable on loan amount is only 1%. Amount of Rs. 2 lakh and 4 lakh are to be returned in 60 and 84 installments respectively. Additional exemption of 0.25 percent on interest rate will become applicable if the loan is repaid before the stipulated period. This scheme is being implemented by the Education Department. The Bihar Student Credit Card Scheme is being operated by "District Registration and Counseling Center (DRCC). Students are encouraged to visit https://www.bvm.bihar.gov.in/content/4512/youthmission for more information on the Bihar Students Credit Card Scheme, or reach us at 9693223405, or write to us at email@example.com. To avail loan from State Bank of India, students are encouraged to visit the Chanakya National Law University branch in Mithapur, the designated branch for CIMP. State Bank of India provides support to students selected to pursue the PGDM (Equivalent to MBA) program of CIMP.
Tuition Fee Waiver Scheme (TFW)
CIMP facilitates the education of economically backward students through Tuition Fee Waiver Scheme (TFW) as proposed by AICTE. The proposed scheme will be applicable only to the students with parents’ annual income (from all sources) is less than Rs.8.00 lakhs. The total number of seats under this category will not exceed 5% of the total intake.
Meritorious Girl Student Scholarship (MGSS) scheme
Under Meritorious Girl Student Scholarship (MGSS) scheme, scholarship will be given to top 3 girl students securing place in top 10 positions in the batch, every academic year.