Scholarships are offered to the students having family's annual income up to Rs. 6 lacs. There is a certain criteria for the grades. It is termed as Means-cum-Merit (MCM) Scholarship.
Scholarships are available for students coming from low-income backgrounds. Merit-based scholarships are provided to students with good academic and all-round performance. Education loans are provided by banks at competitive interest rates.
Students of pure sciences courses (like Mathematics and Computing, Chemistry, Physics, etc.) are eligible for INSPIRE scholarship which provides INR 80,000 per year. This scholarship is provided by the Department of Science and Technology, India. This covers most of the fee for the institute and is very helpful.
There is a scholarship called MCM scholarship. it pays all your tution fees for college, if u qualify the Grade criteria. also, one can apply for scholarships externally. Also, there is a SBI within campus, which is there to provide loans to the students. But, the rates are not so attractive.
College provides special loan structure of the students and various scholarship programmes. Some of them which I know are Inspire, MCM and other SC/ST scholarships.
I am not aware about scholarship for my course but yes we have State Bank and Punjab National Bank who provide loans to students at very low interest rates.
The government of India has a provision of interest-free loans to the students of IIT though there are some additional conditions that need to be fulfilled. Other than that there is scholarship scheme called MCM(Merit Cum Means ) . Under this scheme a student having family income less than 6 LPA gets his entire tuition fees refunded.
There are tonnes of scholarships available based or merit as well as economic status. One called MCM provides 2/3rd fee remittance, which I availed during my entire college. The website of IIT Kharagpur provides much details and eligibility of all other scholarships. There are interest free loan facilities available as well.
They are many scholarship and loan facilities are offered by our college but i an not not aware of many but i know about MCM Scholarship for low parental income students , Inspire for MSC courses and many others scholarships are there, you can get the knowledge about that in academic section.
The college provides Merit cum means scholarship to students who are financially weak (annual income less than 5L). The scholar ship provided under MCM scheme is almost equal to the tuition fee charged. The tuition fee of SC and ST students are waived. Beside various types of scholarships are provided to students who are excellent in academics.