Scholarships for Indian Students to Study Abroad for Masters

Indian students can apply for several fully funded and partial Masters scholarships to study abroad, including Fulbright-Nehru for the USA, Chevening for the UK, Inlaks (up to USD 100,000 for USA/UK/Europe), and NOS for low-income students.

Pursuing a Master’s degree abroad is a dream for many Indian students, as the degree offers global exposure, career growth, opportunities to learn new skills, personality development, and more. However, the cost of studying abroad can create a financial burden. Fortunately, numerous scholarships are available to support Indian students planning to study abroad for their master’s.

Fulbright-Nehru Master’s Fellowship

The Fulbright-Nehru Master’s Fellowship is designed to provide meritorious Indian students with study opportunities in the US. Students who demonstrate outstanding leadership qualities and are committed to returning and contributing to their communities in India can apply for the fellowship. The study abroad Master’s scholarship details are as follows:

Looking for more funding options in the US? Explore our complete guide to scholarships for Indian students in USA, including Fulbright and university-specific merit scholarships.

Inlaks Scholarship

Inlaks Scholarships are awarded to Indian graduates with exceptional talent, character, and motivation to fulfill their potential. The scholarship is given to students studying at a top-rated university across the UK, Europe, and the USA. The duration of your program can be between 9 months and 4 years.

The scholarship value depends on your course, which includes tuition fees, living expenses, one-way travel, and a health allowance for up to USD 100,000. The eligibility criteria for the study abroad scholarship are as follows:

• The student must be an Indian passport holder
• The student must be born on or after January 1, 1996
• The student must hold a degree from a recognized university in India
• Foreign university graduates must have lived, worked, or studied in India for two years post-graduation to apply
• Students must have 65% or a CGPA of 6.8/10 for Social Sciences, Humanities, Law, Fine Arts, and related fields
• Students must have a 70% or a CGPA of 7.2/10 for Mathematics, Sciences, and related fields 
• The student must have proof of admission
• Applicants with a conditional English certification must obtain it before applying for the scholarship
• Deferred admission students must have a valid offer for the academic year

The National Overseas Scholarship

The National Overseas Scholarship scheme is for low-income students from marginalized communities, which includes SCs, Nomadic Tribes, Landless Laborers, and Traditional Artisans. The eligibility criteria for the scholarship abroad for a Master’s degree are as follows:

• You must have at least 60% marks or equivalent grade in a Bachelor’s degree
• Applicant must be a J-1 visa holder
• The age limit for the applicant should not be more than 35 years
• The student’s family income must not exceed INR 8 lakh per annum
• Covers tuition and living maintenance of INR 7.20 lakh/year (approx) for eligible categories.
• The admitted university must rank among the world’s top 500 in the latest QS World University Rankings
• A No Objection Certificate (NOC) from the employer is required if the applicant is employed

The National Overseas Scholarship is one of several Indian government scholarships for studying abroad available to eligible students. Explore other government-funded opportunities before applying.

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Chevening Scholarships

Chevening Scholarships are given to students pursuing one-year Master’s degrees in the UK. The scholarship is fully funded, including the cost of flights, accommodation, and course fees. The eligibility criteria for the scholarship are:

• Must commit to return to the home country for 2 years after the scholarship ends
• Must have 2 years of work experience, which equals to approx 2,800 hours
• Must have an undergraduate degree that qualifies for a Master’s program
• Must have an unconditional offer letter from a UK university

DAAD Scholarship (Germany)

The DAAD (German Academic Exchange Service) Scholarship is one of the most prestigious funding opportunities for Indian students pursuing a Master’s degree in Germany. It supports outstanding students across various academic disciplines and aims to promote international academic exchange.

Erasmus Mundus Joint Masters Scholarship (Europe)

The Erasmus Mundus Joint Masters Scholarship is a fully funded scholarship sponsored by the European Union. It allows students to study at multiple universities across Europe while earning a joint or multiple Master’s degree.

Benefits

• Monthly living allowance of EUR 1,400
• Full tuition fee waiver
• Travel allowance
• Installation allowance
• Health insurance throughout the program

Eligibility

• Bachelor’s degree or equivalent
• Meet the admission requirements of the selected Erasmus Mundus program
• Strong academic performance
• Language proficiency as specified by the program
• Open to students from India and other non-EU countries

Commonwealth Master’s Scholarships (United Kingdom)

The Commonwealth Master’s Scholarship is funded by the UK Foreign, Commonwealth & Development Office (FCDO) for talented students from eligible Commonwealth countries, including India, who cannot otherwise afford to study in the UK.

Australia Awards Scholarships

The Australia Awards Scholarships are fully funded scholarships offered by the Australian Government to students from eligible developing countries for full-time postgraduate study at participating Australian universities.

Benefits

• Full tuition fees
• Return economy airfare
• Living expenses
• Overseas Student Health Cover (OSHC)
• Establishment allowance
• Academic support where required

Eligibility

• Meet the citizenship requirements of eligible countries
• Satisfy the admission requirements of the chosen Australian university
• Meet English language proficiency requirements
• Agree to return to the home country after completing the program, as per scholarship conditions

Narotam Sekhsaria Foundation Scholarship

The Narotam Sekhsaria Foundation Scholarship supports meritorious Indian students pursuing postgraduate studies at leading international universities. It is offered as an interest-free loan scholarship.

Take the Next Step Towards Your Master’s Abroad

Winning a scholarship can make studying abroad more affordable, but since many scholarships are highly competitive or only partially funded, it’s wise to have a backup financial plan.

If your scholarship doesn’t cover all your expenses, an education loan for higher studies abroad can help finance the remaining tuition fees, living expenses, travel, and other study-related costs.

At Nomad Credit, you can compare loan options from multiple lenders and receive expert guidance to choose the best funding solution for your study abroad journey.

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