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Back to Management Institutes Universities
National Institute of Financial Management (NIFM)
Management InstitutesManagement InstitutesHaryana
Location:

Faridabad, Haryana , India, Haryana

Type:

Management Institutes

Phone:

91-0129-2418857,2418

Visit Official Website
About National Institute of Financial Management (NIFM)

Overview

National Institute of Financial Management (NIFM), commonly known as NIFM Faridabad, is an autonomous institute under the Ministry of Finance, Government of India, specializing in financial management education and training. Established in 1993, it is located in Faridabad, Haryana, India. The institute operates primarily from a single campus in Faridabad. It is not a university but an institute offering professional courses and training in financial and economic management.

NIFM functions under the administrative control of the Ministry of Finance and is registered as an autonomous society. Though not directly accredited by UGC or AICTE (as it is not a degree-granting university), it is recognized by the Government of India for professional certification and training purposes.
Official website: https://nifm.ac.in

Quick Facts

  • Founder: Ministry of Finance, Government of India
  • Director: Not available on official sources as of 2024-06-06
  • Student Count: Approx. 300 – includes trainees from government departments and professionals
  • Departments/Faculties: Centre for Financial Management, Public Finance, Corporate Finance, Rural Finance & Development, and Training
  • Contact Info: Phone: +91-129-4070200, Email: info@nifm.ac.in
  • NAAC Grade: Not applicable
  • NIRF Ranking: Not applicable
  • Other Ranks/Recognition: Recognized by Ministry of Finance as premier training institute in financial management in India

Courses & Programs

  • Faculties: Management (Financial Management, Public Finance)
  • Popular Programs:
    • Post Graduate Diploma in Treasury Management (Duration: 1 year, Regular mode)
    • Short-term training programs for government officials
    • Certificate courses in financial management
    • Research and consultancy projects
  • Mode: Regular (on-campus), some online trainings
  • Intake: Limited to hundreds annually (varies by program)

Admissions

  • Admission Mode: Direct admission based on merit and government nominations for short-term courses; For PG programs, application through official online portal
  • Entrance Exams: Typically no common national entrance examination; selection through written test/interview where applicable
  • Typical Timeline: Admissions mostly in July-August for PG Diploma; training programs conducted throughout the year
  • Admission Page: https://nifm.ac.in/admission
  • Application Process:
    1. Visit official site
    2. Fill online application form
    3. Submit required documents
    4. Appear for interview/written test if announced
    5. Admission confirmation

Eligibility

  • Post Graduate Diploma: Bachelor's degree in any discipline from a recognized university
  • Minimum Marks: Generally 50% aggregate or equivalent
  • Age Limit: Usually no strict age criteria; varies by program
  • Documents Required: Degree certificates, ID proof, recent photographs, application form, domicile certificate (if applicable)

Fee & Scholarships

  • Indicative Fees:
    • PG Diploma Tuition Fee: Approx. ₹1,00,000 – ₹1,50,000 per annum
    • Hostel Fee: ₹20,000 – ₹30,000 per year (optional)
    • Examination Fee: Included in tuition
  • Scholarships:
    • Government scholarships available for SC/ST/OBC/EWS categories per Central Govt norms
    • Merit-based scholarships and fee waivers may be applicable
    • Details: Scholarship Information

Placements

  • Placement Stats: Not available on official sources as of 2024-06-06
  • Recruiters: Government ministries, public sector undertakings (PSUs), financial institutions
  • Placement Cell Contact: Placements/NIFM Training Cell, Email: trainingcell@nifm.ac.in
  • Internships: Available for select short-term courses with government organizations

Campus & Facilities

  • Hostel accommodation for outstation students and trainees
  • Mess facilities with hygienic, multi-cuisine food
  • Well-equipped computer and finance laboratories
  • Library with extensive collection on finance, economics, management
  • Healthcare center and first aid
  • Wi-Fi enabled campus
  • Transport facilities connecting to Faridabad city
  • Clubs and cultural fests promoting student engagement

Faculty & Research

  • Faculty: Experienced professionals, government officials, and academics specializing in finance and management
  • Research Centres: Centre for Public Finance, Policy Research Wing
  • Grants & Projects: Funded by Ministry of Finance for various policy and training research
  • MoUs: Collaborations with Indian and international financial institutions for knowledge exchange

Rankings

  • NIRF: Not ranked
  • NAAC: Not applicable
  • Other Rankings: Recognized by Government of India as premier financial training institute

Results, Cut-Offs & Seat Matrix

  • Not available on official sources as of 2024-06-06
  • Official updates available on Admission page

How to Reach

  • Nearest Airport: Indira Gandhi International Airport, New Delhi (~35 km)
  • Nearest Railway Station: Faridabad Railway Station (~7 km)
  • Local Transit: Available cabs, buses from Faridabad city to NIFM campus

FAQs

Q1: Does NIFM offer full-time degree programs?
A1: NIFM offers Post Graduate Diploma and certificate courses but does not confer degree programs.

Q2: How can I apply for the PG Diploma program?
A2: Apply online through NIFM admission portal during the admission window.

Q3: Are there scholarships for SC/ST students?
A3: Yes, scholarships for SC/ST/OBC/EWS candidates are available as per government norms.

Q4: Is hostel accommodation available?
A4: Yes, NIFM provides hostel facilities for outstation students and trainees.

Q5: What is the fee structure for the PG Diploma?
A5: Approximate tuition fee is ₹1,00,000 to ₹1,50,000 per annum; hostel is extra.

Q6: Is there any entrance exam?
A6: Selection is merit-based; some programs may have written tests or interviews.

Q7: Does NIFM conduct placement drives?
A7: NIFM facilitates internships and placements mainly with government entities and PSUs.

Q8: How do I contact NIFM for more information?
A8: Call +91-129-4070200 or email info@nifm.ac.in.

About National Institute of Financial Management (NIFM)

National Institute of Financial Management (NIFM)

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