Best IIT Scholarships 2023-2024

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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. 

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 NameCoal India Limited EWS Scholarship 
Provider Coal India Limited
Start Date8 April 2023
End Date15 February 2024
BenefitsFull Coverage of the Course Expenses

Also Read: Vidyasaarathi Scholarship Scheme

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 NameSBIF Asha Scholarship Program
Provider SBI Foundation
Application Deadline 15 December 2023
BenefitsUp to INR 5,00,000

Also Read: The Trained Nurses Association of India SNAI Scholarships

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 NameIITTNiF CHANAKYA – Undergraduate Fellowship
Provider IIT Tirupati Navavishkar I-HUB Foundation (IITTNiF)
Application Deadline 31 December 2023
BenefitsA Monthly Stipend of INR 12,400

Also Read: Swami Dayanand Education Foundation India Scholarships

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 NameIITTNiF CHANAKYA – Post-Graduate Fellowship
Provider IIT Tirupati Navavishkar I-HUB Foundation (IITTNiF)
Application Deadline 31 December 2023
BenefitsA 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 NameInstitute Merit-cum-Means (MCM) Scholarship
Provider IITs
Start DateUnknown 
End DateUnknown 
BenefitsAbout 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 NameIIT Kanpur – Anil and Reshma Nigam Scholarship
Provider Indian Institute of Technology, Kanpur
Start DateIn July 2024 (Expected)
End DateIn September 2024 (Expected)
Benefits67% Tuition Fee Exemption

Also Read: Prime Minister Scholarship Scheme: Central Armed Police Forces & Assam Rifles 

Relevant Reads:

Sir Ratan Tata Post-Doctoral Fellowships for South Asian Students at LSENilam Patel Bahushrut Foundation Scholarships
Stamps Scholarship by the University of Miami 10 Government Scholarships For Engineering Students
AICTE: Swanath Scholarship Scheme For Technical Degree and DiplomaTop Class Education Scheme for SC Students by Ministry of Social Justice & Empowerment


Q1. Do we get scholarship in IIT Delhi?

Ans: Yes, IIT Delhi provides merit-cum-means (MCM) scholarships to students whos’ family income doesn’t exceed INR 5 lakhs. 

Q2. Can I study IIT for free?

Ans: Studying at IITs requires tuition fees, however, scholarships can lessen your financial burden to a large extent.

Q3. How can I get scholarship in IIT?

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 Leverage Edu for such awesome content!

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