Call for Proposals: Macro Research Scheme (India)

Deadline: 28-Feb-2026

The Indian Institute of Banking and Finance (IIBF) invites researchers and professionals to submit proposals under its Macro Research Scheme to conduct empirical studies in banking and finance. Selected projects receive a grant of ₹2,50,000, with a six-month timeline to complete the research and submit a comprehensive report. Applications close on 28 February 2026.

Overview

The Macro Research Scheme by the Indian Institute of Banking and Finance (IIBF) supports empirical research projects that advance knowledge of banking operations, financial products, instruments, and processes in India. The initiative targets studies with broad industry relevance, aiming to generate actionable insights for policy-making and sector-wide improvement.

Objective of the Scheme

• Promote high-quality, empirical research in banking and finance

• Encourage testing of hypotheses using primary or secondary data

• Support findings that provide actionable lessons for the banking and finance industry

Grant Details

• Total grant per project: ₹2,50,000

• Payment structure: 25% advance at project commencement, balance on acceptance of the final report

• Project duration: Six months from award date

• Expected report length: 200–250 pages

• Copyright: Vest with IIBF upon submission

Who Is Eligible?

Eligible applicants include:

• Research scholars in banking, finance, or related fields

• Teams sponsored by recognized research organizations or institutes

• Individuals currently employed in banks, corporates, or research institutions with a proven track record in empirical research

• Special encouragement for bankers meeting age limits and prior award restrictions

Research Proposal Requirements

Applicants must submit detailed proposals including:

• Research objectives and hypotheses

• Research design and methodology

• Execution and project timeline

• Expected outcomes and relevance to the banking and finance sector

• Track record of the researcher(s) or institution(s)

Evaluation Criteria

Proposals are assessed based on:

• Clarity and significance of research objectives

• Relevance to the banking and finance sector

• Appropriateness of research methodology

• Potential for actionable insights and policy implications

• Researchers’ or institutions’ prior experience and expertise

How to Apply / Submission Process

1. Prepare a detailed research proposal following the IIBF guidelines

2. Ensure all supporting documents and institutional endorsements are included (if applicable)

3. Submit the proposal online or via prescribed channels before the deadline

4. Shortlisted applicants will present proposals before the Research Advisory Committee

Important Deadlines

• Proposal submission deadline: 28 February 2026

• Project completion and final report submission: Within six months of grant award

Common Mistakes to Avoid

• Submitting incomplete proposals without methodology or execution plan

• Missing the submission deadline

• Failing to comply with eligibility criteria (e.g., age restrictions, prior award limitations)

• Ignoring the six-month completion timeline, risking grant forfeiture

Frequently Asked Questions (FAQ)

Who can apply for the Macro Research Scheme?

Research scholars, teams from recognized research organizations, and professionals in banks, corporates, or research institutions with relevant experience.

How much funding is provided?

Selected projects receive ₹2,50,000, with 25% advance and balance on report submission.

What is the duration of the research project?

Six months from the date of award.

What is the expected length of the final report?

Approximately 200–250 pages.

Can bankers apply for the scheme?

Yes, with eligibility criteria such as age limits and restrictions on prior awards.

Who owns the copyright of the research report?

Copyright vests with the Indian Institute of Banking and Finance upon submission.

How are proposals evaluated?

Proposals are assessed on objectives, methodology, relevance, potential policy impact, and researcher/institution track record.

Why This Scheme Matters

The Macro Research Scheme strengthens empirical research capacity in India’s banking and finance sector. By funding studies with industry-wide relevance, IIBF fosters evidence-based decision-making and enhances the sector’s knowledge base.

Conclusion

IIBF’s Macro Research Scheme provides a structured, funded platform for researchers and banking professionals to conduct high-quality empirical research. The initiative not only advances academic understanding but also informs practical policies and strategies in India’s banking and finance sector.

For more information, visit IIBF.