IIM Shillong endeavors that no candidate be denied opportunity to pursue the Post Graduate Programme for want of adequate financial resources. Keeping this in mind, IIM Shillong has provision for Need Based Financial Assistance Scheme to help economically weak MBA participants. The number of scholarship awardees and quantum of assistance is decided on the basis of annual gross family income, participants liquidity, credit worthiness and her/his overall suitability for the same.
In addition, there are scholarships made available to Scheduled Caste (SC)/ Scheduled Tribe (ST)/People with Disabilities (PWD) participants by Government of India.