Frequently Asked Questions

Any practitioner with research interest in the field of innovative finance/social finance/ sustainable finance are eligible to apply.

Individuals with no prior experience will also be considered.

Not necessarily

No. The grant is only open to individual fellows.

No, the honorarium will be paid on a quarterly basis during the tenure of the fellowship (12 months).

It is a 12 months part-time non-residential program.

Yes. It’s a part-time program where professionals can also apply. However, researchers will have to furnish a NOC from the full-time employer.

The fellows have to be based in India to apply for the fellowship.

You can apply for the fellowship, but you need to furnish proof of stay within India during the tenure of the program.


No. While the theme is pre-decided, the research topics provided are indicative.

Post your queries over email within 10 days after the call for application to get immediate replies. Queries posted beyond 10 days might need to wait for response.

You will receive a certificate, and the submitted report will be published on the CIFSI official website.

All participants will be notified (if selected) over email.

No, all selected fellows are expected to stay till the end of the program (Oct 2024).

The total honorarium amount for each fellow for a period of 12 months is INR 3,00,000. However, out of the total amount, 60% will be paid on a quarterly basis. The remaining amount should be used as a contingency grant to be paid on a reimbursement basis after furnishing of actual bills.

The contingency grant will cover expenditures towards travel for data collection, paper presentation and publication fees.

Yes. ISDM will bear travel and accommodation expenses up to two times.

Admission open for PGP-DM