MBA & PGDM Program Fees, Financial Aid & Scholarships 

At Narayana Business School, we believe financial clarity leads to freedom of choice. Our MBA and PGDM programs are built for ambitious minds — combining transparent fees, scholarship opportunities, and guided financial aid so you can focus on what truly matters: learning, growth, and impact.

Admissions open — plan your management journey with confidence. 

Because Planning Your Future
Should Never Feel Uncertain

Program Fees

Transparent MBA & PGDM Fees — An Investment That Delivers Value 

At Narayana Business School, we believe that clarity inspires confidence. Our MBA and PGDM program fees are thoughtfully structured to cover every essential element of learning — from academic resources and digital infrastructure to industry certifications and experiential projects.  Each amount below represents an investment in a future shaped by knowledge, leadership, and opportunity. 

Program
Program Fees (2 Years)
PGDM Dual Specialisation
₹9,85,000
PGDM Data Science & Business Analytics
₹9,85,000
PGDM Quantitative Finance
₹10,85,000
MBA + PGPCE
₹9,85,000
# Fees include ₹ 44,450 per semester as fees for the MBA program under GTU.
Hostel Accommodation & Living

Hostel Accommodation at NBS — A Secure and Supportive Campus Home

Accommodation Type
Program Fees (2 Years)
2-Sharing Room
₹2,16,000
3-Sharing Room
₹1,92,000
Scholarships

MBA & PGDM Scholarships at NBS

Rewarding Excellence, Encouraging Diversity

Merit-Based Scholarships (CAT or NBSAT Composite Score)

Composite Score Percentile
Scholarship Value (₹)
Above 95%ile
₹4,00,000 waiver
Above 90%ile
₹3,00,000 waiver
Above 85%ile
₹2,00,000 waiver
Above 80%ile
₹1,00,000 waiver

Special Category Scholarships

Sports excellence, entrepreneurial achievements, or social impact initiatives:
Up to ₹ 50,000.

Need-Based Scholarships (Financial Assistance)

Up to ₹ 2,00,000 for EWS / PwD / Defence Wards
(≥ 80% in X, XII & Graduation + supporting documents). 

Diversity Scholarships

Category
Scholarship Value (₹)
Eligibility
Rural Background Students
Up to ₹1,00,000
≥ 80% Academic merit
Women in STEM fields
Up to 50,000
≥ 80% Academic merit
Sibling of NBS Student / Alumni
50,000
≥ 80% Academic Merit & Proof of relationship

Government-Aided External Scholarships

NBS students are encouraged to apply for external schemes such as:
AICTE Pragati, Saksham, and Swanath Schemes 
Digital Gujarat Scholarships (for eligible state residents)
These benefits are additional and will not be adjusted against NBS scholarships.

Scholarship Rules & Renewal

1

Non-Stacking Rule

Only the highest eligible NBS waiver is granted.

2

External Scholarships

May be combined with NBS scholarships.

3

Release & Renewal

Disbursed semester/trimester-wise as per the fee cycle. Renewal requires a CGPA ≥ 7.2, 80% attendance, and good conduct.

4

Loss of Eligibility

Non-compliance may lead to withdrawal or reduction. 

5

Final Authority

All decisions rest with the NBS Scholarship Committee. 

Financial Aid & Education Loans

Education Loans & Financial Aid at NBS

Making Management Education Accessible 

Our Loan Partners Include

Credila

Credila
(An HDFC Ltd. Company)

Leading education loan provider offering tailor-made financing for MBA and PGDM students.

GrayQuest

Simplified monthly payment plans with zero hidden costs. 

Propelled Finance

Flexible and student-centric financing for higher education. 

Vidya Lakshmi Portal

Government of India’s official education loan platform connecting students to major nationalized banks.

Loan Highlights

Financing up to 100% of total academic, hostel, and living expenses. 

Moratorium: Course duration + 6 months post-completion. 

Fast sanction process with guidance from the NBS Finance Desk.

Full support for documentation, digital application, and verification steps.

Need Assistance? 

Our finance team provides one-on-one guidance to help you understand eligibility, application procedures, and repayment options tailored to your financial situation. 

Refund & Withdrawal Policy

MBA & PGDM Admission Refund Policy — Transparent, Fair, and AICTE-Compliant

Refund Policy Guidelines

Applicability

The policy applies to all students admitted to NBS’s AICTE-approved MBA and PGDM programs.

Request Procedure

Refund requests must be submitted in writing via email to the official admissions desk or through the student portal.

Refund Eligibility

If admission is cancelled before batch commencement or before 31 July (whichever is earlier), the student is eligible for a refund after deducting a processing fee of ₹1,000. 

Processing Timeline

All eligible refunds will be processed and credited to the original payment account by mid-October of the financial year.

Verification & Documentation

Refunds are released only after verification of payment records and confirmation of admission cancellation.

Policy Revisions

Any updates to this policy will strictly follow the latest AICTE notifications and regulatory requirements.

We’re Here to Help You Plan Your NBS Journey

Frequently Asked Questions

FAQs — Your Questions Answered About Fees, Scholarships & Financial Aid 

What is the total program fee for MBA and PGDM at Narayana Business School? icon
Program fees range from ₹ 9.85 lakh to ₹ 10.85 lakh for two years, depending on the chosen specialisation. Fees include academic resources, industry certifications, and experiential learning components.
Are there any additional charges beyond the program fee? icon
No hidden charges. All essential academic components are included in the program fee. Only hostel accommodation and personal expenses are separate.
Can I pay the fees in installments? icon
Yes. NBS offers structured payment schedules and supports students through education loan partners for convenient installment options.
What are the annual hostel charges at NBS? icon
Hostel accommodation fees are ₹ 2.16 lakh per year for two-sharing and ₹ 1.92 lakh per year for three-sharing rooms.
What facilities are included in the hostel fees? icon
Air-conditioned rooms, Wi-Fi, laundry, housekeeping, 24 × 7 security, and nutritious meals are included. Separate hostels are available for boys and girls.
Is hostel accommodation mandatory? icon
Hostel stay is optional but recommended for the complete campus experience and better access to academic and co-curricular activities.
Does NBS offer scholarships for MBA and PGDM students? icon
Yes. NBS offers merit-based, need-based, diversity, and special category scholarships worth up to ₹ 4 lakh.
On what basis are scholarships awarded? icon
Scholarships are granted based on CAT/NBSAT performance, academic record, financial need, and diversity criteria such as gender or rural background.
Can I apply for more than one scholarship? icon
Students are eligible for only the highest single NBS scholarship but may combine it with external schemes like AICTE Pragati or Digital Gujarat.
Does NBS help students get education loans? icon
Yes. Through its Financial Aid Desk, NBS assists students in securing education loans via partners like Credila (HDFC Ltd.), GrayQuest, Propelled Finance, and the Vidya Lakshmi Portal.
Can education loans cover hostel and living expenses too? icon
Yes. Most partnered banks and finance companies offer loan coverage for tuition, hostel, and living expenses.
What documents are required to apply for an education loan? icon
Basic KYC documents, admission offer letter, fee structure, and academic transcripts are typically required. The Finance Desk guides each student through the process.
What is the refund policy for admission cancellation? icon
If admission is cancelled before batch commencement or 31 July (whichever is earlier), ₹ 1,000 is deducted as processing fee and the remaining amount is refunded by mid-October of the financial year.
How long does the refund process take? icon
Refunds are initiated after verification and typically processed within the timeline stipulated by AICTE guidelines.
Whom should I contact for fee or scholarship queries? icon
For any fee, loan, or scholarship query, contact the Finance Desk at
accounts@nbs.edu.in +91-9106822579
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Become an #NBSian

Admission Open For Class of 2026-28

Become an #NBSian

Admission Open For Class of 2026-28