How can one afford to study at NICMAR being from a middle class family?

You may be able to take out an education loan to afford the fee structure at NICMAR. Few banks, in my opinion, will issue you a loan right away, but with persistent follow-ups, providing them with the genuine certificate from the college and the other required documents, you can receive one. Try to obtain it from SBI since their interest rate is considerably lower than that of the other banks.

Scholarships are also available to merit-based students. While they won't pay your entire tuition, you can use the money to cover your living expenses for the two years you'll be studying there.