IIT Bombay – Indian Institute of Technology Scholarships
Scholarships
IIT Bombay Scholarships
IIT Bombay offers numerous scholarships, providing financial assistance to eligible students. These scholarships include Postgraduate Assistantships, MS Scholarships, Teaching Assistantships for Dual Degree Programs, and Undergraduate Scholarships. Under the UG Scholarships section, notable IIT Bombay Scholarships include the Institute cum Merit Scholarships, Remission of Fees, Names Scholarships/Private Scholarships, National Scholarships, and National Talent Search Scholarships.
To support students financially, IIT Bombay offers various scholarship schemes, including Institute Scholarships, Government Scholarships, Private Scholarships, and Fellowships for Ph.D. students. Each scholarship has specific eligibility criteria for qualification. Here are some of the popular scholarship schemes offered by IIT Bombay and private entities:
IIT Bombay Scholarships
🔹 For Undergraduate (B.Tech, Dual Degree) Students
| Scholarship Name | Eligibility Criteria | Benefits |
|---|---|---|
| Merit-cum-Means (MCM) Scholarship | Family income < ₹4.5 LPA and based on JEE Advanced rank and academic performance | Full tuition fee waiver (₹25,000/sem) + ₹1,000/month stipend |
| Free Messing Scholarship (SC/ST students) | SC/ST category students with income < ₹4.5 LPA | Free mess charges, ₹250/month pocket allowance, and exemption from hostel room rent |
| INSPIRE Scholarship (DST) | Top 1% in 12th board exams and enrolled in natural sciences | ₹10,000/year |
| Aditya Birla Scholarship | Based on academic merit (top 25% of batch) | ₹65,000/year |
| OPJEMS Scholarship | Top 10 students from each year in eligible branches | ₹1,50,000/year |
| Dr. Burjor Godrej Scholarship | Based on academic performance and financial need | Variable financial support |
| NCPEDP-Schindler Scholarship | Differently-abled students with high merit | Financial aid based on need and performance |
For Postgraduate (M.Tech, M.Sc, MBA, PhD) Students
| Scholarship Name | Eligibility Criteria | Benefits |
|---|---|---|
| Teaching/Research Assistantship (TA/RA) | Based on GATE score or academic admission | ₹12,400/month for M.Tech & ₹31,000/month for PhD |
| Institute TA Scholarship | Full-time PG students | Tuition waiver + monthly stipend |
| DBT/DST/CSIR/UGC Scholarships | Based on national level entrance exams | Varies per scheme (₹12,000–₹35,000 per month approx.) |
| SJMSOM MBA Scholarships | Based on performance in MBA program | Merit-based aid and partial fee waivers |
📝 Important Notes
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All scholarships (except external ones like Aditya Birla/OPJEMS) require application through the institute’s portal after admission.
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Students must maintain minimum academic performance (usually CPI ≥ 6.0 to 7.0) to continue receiving the scholarship.
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Family income proof (such as Form 16/ITR) is required for need-based scholarships.