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We have brought some great news for you if you are a student studying at the prestigious Indian Institute of Technology (IIT). Both government and private organisations award scholarships to students studying at IITs. IIT Scholarships ensure the academic and personal growth of IITians. Many students face hurdles in the pursuit of their education due to financial constraints. This is where these scholarships come in handy, ensuring financial support to the brilliant students. In this blog, we have listed the best IIT scholarship for the year 2024. Take a look at them and decide which one suits you the best.
Table of Contents
Coal India Limited EWS Scholarship
The Coal India Limited EWS Scholarship, offered by Coal India Limited, provides financial assistance to students pursuing undergraduate engineering and medical degrees. This IIT scholarship aims to facilitate high-quality professional education among deserving students in the Below Poverty Line (BPL) category. The scholarship grants full coverage of the course expenses for the entire duration to the selected candidates. This includes reimbursing full tuition fees, accommodation costs, and an additional incidental fee of INR 10,000.
| Scholarship Name | Coal India Limited EWS Scholarship |
| Provider | Coal India Limited |
| Start Date | To Be Announced |
| End Date | To Be Announced |
| Benefits | Full Coverage of the Course Expenses |
Also Read: Aikyashree Scholarship 2024: Amount, Scholarship Status, and Last Date
SBIF Asha Scholarship Program
The SBIF Asha Scholarship Program is the SBI Foundation’s educational initiative. This IIT scholarship offers financial aid to deserving students from low-income families across India, ensuring they continue their education. First-year college students of undergraduate studies from prestigious IITs, NIRF universities/colleges, MBA/PGDM degrees from IIMs, and PhD programs from renowned institutions are eligible for this initiative. The successful candidates are awarded a scholarship amount of up to INR 5 lakhs for one year.
| Scholarship Name | SBIF Asha Scholarship Program |
| Provider | SBI Foundation |
| Application Deadline | November 2024 |
| Benefits | Up to INR 5,00,000 |
| Website | https://www.sbifoundation.in/focus-area-detail/SBIF-Asha-Scholarship |
IITTNiF CHANAKYA – Undergraduate Fellowship
IIT Tirupati Navavishkar I-HUB Foundation (IITTNiF) offers the IITTNiF CHANAKYA – Undergraduate Fellowship. This IIT scholarship is created for students who are studying in their 5th and 7th semester of BTech/BE/BSc or any equivalent course. This initiative awards a monthly stipend of INR 12,400 to the selected candidates.
| Scholarship Name | IITTNiF CHANAKYA – Undergraduate Fellowship |
| Provider | IIT Tirupati Navavishkar I-HUB Foundation (IITTNiF) |
| Application Deadline | To Be Announced |
| Benefits | A Monthly Stipend of INR 12,400 |
Also Read: BYJU’S National Aptitude Test (BNAT) Scholarship 2024: Amount, Details, Eligibility
IITTNiF CHANAKYA – Post-Graduate Fellowship
The IIT Tirupati Navavishkar I-HUB Foundation (IITTNiF) also offers IITTNiF CHANAKYA – Post-Graduate Fellowship. This IIT scholarship offers financial aid to students studying in their 1st and 3rd semesters of MTech/ME/MS or any equivalent course. The successful candidates will be awarded a monthly stipend of INR 12,400.
| Scholarship Name | IITTNiF CHANAKYA – Post-Graduate Fellowship |
| Provider | IIT Tirupati Navavishkar I-HUB Foundation (IITTNiF) |
| Application Deadline | To Be Announced |
| Benefits | A Monthly Stipend of INR 12,400 |
Also Read: Asha Jyoti Scholarship Scheme: Benefits, Eligibility and Application Process
Merit-cum-Means (MCM) Scholarships
All the Indian Institutes of Technology (IITs) award the Merit-cum-Means (MCM) Scholarships. These awards are given to 25% of undergraduate students enrolled in the institute for each academic year. The MCM scholarship is available for students pursuing a BTech dual degree program. Students who show commendable academic performance in the preceding academic year become eligible to receive this IIT scholarship. The JEE-AIR score is one of the criteria for selection. Moreover, the annual income of the student’s parents should not be more than INR 5 lakhs.
| Scholarship Name | Institute Merit-cum-Means (MCM) Scholarship |
| Provider | IITs |
| Start Date | To Be Announced |
| End Date | To Be Announced |
| Benefits | About INR 1,000 Per Month |
Also Read: CBSE Merit Scholarship Scheme For Single Girl Child
IIT Kanpur – Anil and Reshma Nigam Scholarship
The Anil and Reshma Nigam scholarship is among the donor scholarships offered at the Indian Institute of Technology, Kanpur. It is given to students with undergraduate degrees pursuing Chemical Engineering and enrolled in a 4-year or 5-year course. Students need to score a minimum of 6 CPI and have an annual family income below INR 6 lakhs. The scholarship’s amount depends on the tuition costs of the specific subject. This IIT scholarship provides a 67% tuition fee exemption for every selected student.
| Scholarship Name | IIT Kanpur – Anil and Reshma Nigam Scholarship |
| Provider | Indian Institute of Technology, Kanpur |
| End Date | July to September (tentative) |
| Benefits | 67% Tuition Fee Exemption |
Relevant Reads:
FAQs
Ans: Yes, IIT Delhi provides merit-cum-means (MCM) scholarships to students whos’ family income doesn’t exceed INR 5 lakhs.
Ans: Studying at IITs requires tuition fees, however, scholarships can lessen your financial burden to a large extent.
Ans: While the eligibility criteria depend on the type of IIT scholarship you are applying for, the general requirements include that you should be from a low-income family and demonstrate academic excellence.
So, this was all about the best IIT scholarships 2024. Keep checking our page scholarships to study in India to learn more about such schemes.
Leave a Reply
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It is good to hear that everyone is thinking about scholarship for best students. But scholarships should be offered on the basis of academics only and not by income.
At the time of admission,students having their family income less than 8 lakhs have already taken benifits of fees in EWS quota. So why the students family income is mandatorily below 5 lakhs?
Scholarship at UG level should be on the basis of academics only not on income basis.
it is my humble request to think on this because after getting scholarship students inspire and they perform better in next coming years and this is very important for betterment of our country’s progress.-
Hey Dr AAPathak,
There are different types of scholarships provided around the world. These are:
1]Merit based scholarships: Several universities offer this scholarship to students only on the basis of academic performance. A few merit based scholarship also look at the extracurricular activities undertaken by the student.
2]Need based scholarships: The need based scholarships are given on the basis of financial need. The scholarships that you are mentioning for students who cannot afford education, Hence, the income bracket.
3] Scholarships for extracurricular activities: These scholarships are given for students who excel in sports activity.Almost all scholarships are divided into these categories. If you are interested in merit based scholarship, you can official website of the university you want to enrol in. If there is a merit based scholarship listed you must meet the eligibility requirements of the same, provide relevant documentation, and apply before the deadline.
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2 comments
It is good to hear that everyone is thinking about scholarship for best students. But scholarships should be offered on the basis of academics only and not by income.
At the time of admission,students having their family income less than 8 lakhs have already taken benifits of fees in EWS quota. So why the students family income is mandatorily below 5 lakhs?
Scholarship at UG level should be on the basis of academics only not on income basis.
it is my humble request to think on this because after getting scholarship students inspire and they perform better in next coming years and this is very important for betterment of our country’s progress.
Hey Dr AAPathak,
There are different types of scholarships provided around the world. These are:
1]Merit based scholarships: Several universities offer this scholarship to students only on the basis of academic performance. A few merit based scholarship also look at the extracurricular activities undertaken by the student.
2]Need based scholarships: The need based scholarships are given on the basis of financial need. The scholarships that you are mentioning for students who cannot afford education, Hence, the income bracket.
3] Scholarships for extracurricular activities: These scholarships are given for students who excel in sports activity.
Almost all scholarships are divided into these categories. If you are interested in merit based scholarship, you can official website of the university you want to enrol in. If there is a merit based scholarship listed you must meet the eligibility requirements of the same, provide relevant documentation, and apply before the deadline.