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Different colleges have different eligibility criteria. Basic criteria for a student to pursue distance MBA is that candidate should be a graduate from a recognised institute, with a minimum pass percentage of 50%. Top 10 Distance Education Universities in India for MBA/PGDM:
1) Institute of Management Studies (IMT) Ghaziabad
2) Symbiosis Center for Distance Learning (SCDL)
3) Indira Gandhi National Open University (IGNOU)
4) ICFAI University
5) Sikkim Manipal University
6) Annamalai University
7) Narsee Monjee Institute of Management Studies
8) Prin. L. N. Welingkar Institute of Management
9) Amity University
10) Lovely Professional University
Regards.

Hi Shaleen,I must say that your budget is very low to study in USA, it is a very expensive place. What you have is just one year tuition fee. You have to arrange for funds either by applying for scholarship or take an education loan. In which college you can get admission is also tough to say, because it does not depend on the amount of money, you have, but on the eligibility criteria and if you qualify. You must have completed your class 12th with a first class and you must also take the SAT or ACT and TOEFL. You should visit some known university websites and learn about the admission processes and scholarships and start preparing the application at least 10 months ahead.