No the college does not provide any scholarship on its own. But if a student is eligible for a scholarship she can avail it.
Again, I do not have any idea about the procedure in this regard. I have neither availed scholarship nor loan. As for the loan availability, probably not required given that the fee structure is feasible enough.
Since it is a government college with very less fees, there is hardly any need to avail loans however, students with consistently good performances and from a poor financial background are given book grants and living expenses scholarship.