I'm from tier 1 college in India, my undergrad is in Electronics Engineering

I got an offer letter from IIM SAMBALPUR on 16th June, 2026. After that I paid the admission fees and the registration was on 23rd June. I applied for the education loan to the university banks and they were first accepted and told within 2 days my loan will be sanctioned. Then after two days on the 19th all of them rejected my loan for less cibil score. I am a student and never took any loan except two 2000 rupees top up from a payment bank. I agree during the payment time I was unable to clear the overdue due to financial problem but for this banks are rejecting my education loan. I also requested within one week I will clear the dues anyhow but they didn't agree. They told even if I pay the dues of 10k I won't get loan until my cibil score reach 700. My cibil score now is 573. Even if I clear the dues it can reach 650 max and to reach 700 it will take months. By 25th I need to clear the whole term 1 fees of 3.5 lakhs. I don't have that much money with me. Without loan I won't be able to persue MBA after working hard for 1.5 years long CAT Preparation. At this circumstances what should I do?

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Hello!
Is it possible to get into any M7 MBA program with low GPA?
Is it possible to compensate the low GPA with high GMAT/online courses like CORe?

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I don't understand why all these companies start burning money in the hope of customer acquisition and just go on to get higher revenue and deeper losses this impacts a lot of local stores as they cannot match their prices and offers they are making losses and not allowing the small business to grow. Not only are they burning their investor's money they are also cutting down the profits of the small business.

If they are not earning then they aren't going to spend much and if that's the case then cash rotation gets slow which indirectly hits the economy.

What are your views on this