Sree Vidyanikethan Engineering College offers various scholarship and financial aid options primarily through government initiatives. The Andhra Pradesh government provides a fee reimbursement scheme, Jagananna Vidya Deevena, covering tuition fees for students admitted through entrance exams like EAMCET, provided they meet specific eligibility criteria such as income limits and rank thresholds.
Under this scheme, students with ranks below 10,000 receive full fee waivers, while others receive up to 70,000 INR per year. Additional fees such as building and mess fees are generally not covered. The college facilitates students in obtaining educational loans through nearby banks like Andhra Bank. Scholarships are also available for merit and reservation category students.
Financial aid and scholarships are not directly offered by the college but supported by external sources and government programs.

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