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IIT Bombay Scholarship 2024: Eligibility & Amount

Powai, MumbaiAutonomous UniversityEstd 1958
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Written By Collegedunia Team 

To assist students financially, IIT Bombay offers several scholarship schemes which include Institute's Scholarships, Govt. Scholarships, Private Scholarships, and Fellowships for its Ph.D. students. For every scholarship, there's certain eligibility required to get the scholarship award. Some of the most popular scholarship schemes offered by IIT Bombay and other Private Scholarships are as follows.

Merit Cum Means Scholarship (Institute Scholarship)

  • The Merit Cum Means Scholarship is awarded to the new entrants on the basis of their JEE AIR rank and the candidates whose annual family income is less than INR 4.5 lakhs.
  • A free tuition fee of INR 25,000 per semester is awarded in the Merit Cum Means scholarship along with a benefit of INR 1000 per month to a maximum of 25% undergraduate students.
  • In addition to this, almost 10% of students are offered the benefit of free tuition.
  • All the SC/ST Students are exempted from payment of tuition fees and are allowed to avail the facility of free messing along with a pocket allowance of INR 250 per month.

IIT Bombay Heritage Fund Scholarship:

  • The IIT Bombay Heritage Fund has been created by the Alumni of IIT Bombay in the USA, which collects donations from the alumni for the institution of scholarships at IIT Bombay.
  • The eligibility criteria for the IIT Bombay Heritage Fund Scholarship are as same as per the merit criterion of the MCM Scholarship. 
  • The students wishing to apply for the IIT Bombay Heritage Fund Scholarship should have a parental annual income from all the sources that do not exceed INR 5 lakhs. 

Dr. Burjor Godrej Scholarship:

  • IIT Bombay offers two Dr. Burjor Godrej Merit Scholarship of INR 5000 per month, six Dr. Burjor Godrej Merit Cum Means Scholarship of INR 2000 per month, and ten Prof. MV Pandya Merit Cum Means Scholarship of INR 1000 per month.
  • The above-mentioned scholarships are available to the students admitted to the M.Sc. Chemistry Programmes at IIT Bombay.
  • The criterion for the Dr. Burjor Godrej Scholarship is the highest SPI scored by the students of the M.Sc programs.
  • Also, the fellowship duration is five months in each semester, hence, the student securing the highest SPI will get a cumulated scholarship amount of INR 25,000 for the duration of the preceding semester.
  • The MV Pandya Fellowship Merit cum Means Scholarship carries an award of INR 10,000 per annum for the students whose annual parental income does not exceed INR 1.5 lakhs.

Aditya Birla Scholarship:

  • The Aditya Birla Scholarship covers the entire course and scholars are rewarded with INR 65,000 per annum. However, the performance of the students is closely monitored for the renewal of awards every year.
  • The performance assessment criteria for the Aditya Birla Scholars are based on qualitative and quantitative parameters.
  • In order to be eligible for renewal of the Aditya Birla Scholarship, a candidate should be in the top 25% of his/her batch and must have a rating of at least 7 on the 9 point scale during the course work.
  • Apart from these, candidates are required to actively participate in the activities conducted by the institute and have to write an essay of 350-400 words on "Being an Aditya Birla Scholar: Experience sharing".

Aditya Birla Scholarship Selection Process:

  • The eligible students are evaluated through the information they provide in their application form.
  • The overall achievements, academic and co-curricular experiences are also assessed and weighted during the application process.
  • The initial shortlisting of the candidates is done on the basis of the essays and application and then the shortlisted candidates are called for an interview round. However, the travel and accommodation expenses are provided to the invited students.
  • Candidates who successfully clear the interview are then offered the scholarship awards.

OPJEMS Scholarship:

  • The OPJEMS Scholarship at IIT Bombay is a yearly scholarship of INR 65,000.
  • The Scholarship is awarded to the students under two main categories at IIT Bombay. The categories of the students are as follows:
    • 2 toppers from each batch from the following streams for all 4 years: Civil Engineering, Electrical Engineering, Mechanical Engineering, Metallurgical Engineering
    • Top 12 students from each batch from any specialization or stream for all 4 years.
  • The Scholarship is awarded to a total of 112 students from 33 institutes and is granted on the basis of the scores of a student in the online test followed by a personal interview. 
  • However, equal weightage will be given to the online test and interview for selection.

INSPIRE Scholarship:

  • The INSPIRE Scholarship is quite popular among the students of bachelor's and master's programs at IITs.
  • The scheme of INSPIRE Scholarship offers 10,000 scholarships every year that worth a total of INR 80,000 to each student undertaking bachelor's or master's level education in Natural & Basic Sciences at IIT Bombay. 
  • A candidate should satisfy the minimum requirements to avail the facility of INSPIRE Scholarship such as 
    • A candidate should be in the top 1% in the 12th standard and opted for Natural & Basic Sciences.
    • Students who have secured in the Joint Entrance Examination of IIT top 10,000 ranks, AIEEE top 10,000 ranks plus those clearing AIPMT to top 10,000 ranks.

Apart from the above-mentioned Scholarships, there are various scholarships that include Scholarships offered by the Government such as Central Sector Scholarship, NTS Scholarship, NBHM Scholarship, DBT Scholarship, etc.

IIT Bombay Scholarship FAQs

Ques. Is there any Scholarship at IIT Bombay?

Ans. Yes, IIT Bombay offers an array of scholarships for its students enrolling in the bachelor's, master's and doctoral programs on the basis of their academic achievements and merits scored in the national level examinations. 

Ques. Does IIT Bombay offer any private scholarship?

Ans. IIT Bombay offers various private scholarships for its students which includes amazing scholarship awards which can be renewed every year based on a specific criterion.

Ques. Is it required to appear for the interview to get a scholarship at IIT Bombay?

Ans. Yes, some of the private scholarships at IIT Bombay such as the Aditya Birla Scholarship and OPJEMS Scholarship require a candidate to clear the interview for selection to the scholarships.

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Kartikay Agrawal
4.0
Reviewed on Oct 11, 2024(Enrolled 2021)

Loan/ Scholarship Provisions:

I am Kartikay Agrawal a fourth year student at IIT Bombay and I got admission through JEE and my rank was 2625 in advance. The fee structure is around 250000 per year including hostel and mess and tuition and hospital fees. There are many Solaris available through banks and government that help people. Also is you're from reservation sections your fees is very low around 14000 excluding mess fees that's same for everyone around 23000. Per semester.

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Viral Chhaperwal
Viral Chhaperwal
4.4Helpful
Reviewed on Sep 27, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

1,00,000 Tuition Fee per semester 16,900 Hostel Fee per semester 22,500 Mess Fee per semester Apart from this, roughly 30,000 are taken under the admission fees, security deposits, gymkhana, and medical charges. There are scholarships for SC/ST students and those with a family income of less than 5 lakhs, which includes a complete waiver on tuition fees. Also, scholarships are provided on merit cum income-based criteria. Scholarships are also provided for purchasing laptops and financing hostel and mess charges.

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Varun Lakhera
Varun Lakhera
4.4Helpful
Reviewed on Sep 26, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

The total fees for non SC-ST students is 300000. There are ? fee waiver for students from family having total family income lesser than 500000. Also there is a scholarship program (FAP) founded by the alumns. This program is merit based.

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Lakshya Jain
Lakshya Jain
4.4Helpful
Reviewed on Sep 26, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

The Tution fee for one semester is 100000 and mess fee is 22500 for one semester and hostel fees is 16900 so totals upto 278000 per year. There are many scolarships available, for SC/ST there is no tution fees and no mess fee, and 1/3rd fees for annual income from 100000-500000 and also merit cum means scolariships.

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Aditya Harkare
Aditya Harkare
4.2Helpful
Reviewed on Sep 26, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

Per semester tution fee is 1lakh , the hostel fee is 16,900 rupees per semester, mess fee is 22500 per semester. Scholarship is given for annual income less than 5 lakh. No tuition fee is applicable for sc/st candidates.

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Bhavik katariya
Bhavik katariya
5.0Helpful
Reviewed on Sep 26, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

the year wise fees paid is tuition fees-- 200000 caution fees-- 6000 registration fees-- 2200 admission fees-- 10000 SC/ST students are exempted from payment of tuition fees less than 1 lakh per annum income students get 100% scholarship 1-5 lakh per annum get 2/3 of the total fees returned merit cum means scholarship is given to 25% students

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Sumit Yadav
Sumit Yadav
4.9Helpful
Reviewed on Sep 25, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

First Semester academic fees is ? 1,23,350 (in which 1 Lakh is tution fees) and second semester academic fees is ? 1,07,350 . So, first year fees is ? 2,30,700 . SC/ST students get 100% fee waiver on Tution Fees. General/EWS/OBC-NCL students whose family annual income is less than 1 Lakh get 100% tution fee waiver & whose annual family income is between 1-5 Lakh get 2/3rd waiver on tution fees. Hostel fees is ? 16,900 per semester and mess fees is ? 22,500 per semester. Many scholarships are available for needy students. Merit-cum-means scholarship is given to 25% of total students. Many other named & government scholarships are also available. Education Loan for needy is easily available on lower interest rates.

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Sarthak Game
4.5Helpful
Reviewed on Sep 16, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

Yearly fees for MSc statistics course in IITB is around 1,25000 including hostel and mace charges. Semester hostel and mace charges are around 33000 and rest is tution fees. Institute also provides various scholarship like Merit cum means(MCM) scholarship which is provided to top 25% students of class with income less than 5 lakhs. There is no tution fees for SC/ST students.

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rohit kumar
4.6Helpful
Reviewed on Sep 15, 2024(Enrolled 2024)

Loan/ Scholarship Provisions:

Our yearly academic fee is 83000. Our hostel fee is 88000 yearly including mess and we get a scholarship of 12400 monthly. There are 18 hostels overall. And the campus size is 545 acres located in Powai.

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Abhinav Vaishnav
4.6Helpful
Reviewed on Sep 12, 2024(Enrolled 2021)

Loan/ Scholarship Provisions:

Total fees- 1 lakh 42 thousand for not benefited Indians Tution fees For sc/st-0 rs For rest indians - 1lakh For outsiders - 2lakh Mess fees For sc/st-0 rs For rest- 23000 Other fees like hostel, sports facilities, electricity - 20000 approx ( changes from year to year)

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