IIM Lucknow provides financial support to students through scholarships and loan facilities to ensure education accessibility regardless of financial constraints. Scholarships cover up to 15% of students based on merit and family income, specifically aiding those in reserved categories with an annual family income not exceeding Rs. 1,50,000. Eligible students are selected based on merit for a one-year term, with scholarships covering tuition fees.
Additionally, SC/ST students receive Rs. 1500 annually from the Government of India. Despite high course fees, including a first-year PGPSM program fee of INR 10,05,000 at the Noida Campus, various scholarships like Need-Based, Merit-cum-Means, Industry-Based, and SC/ST scholarships are available. Partnerships with banks and organizations facilitate loan schemes to support students financially.



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