Yes, SBI scholar loan is a facility that is avaialble to all students of iit kgp. It provides loan to students at apprpximately 8% interest and iit kgp offere a scholarship wherein the students with family income <9lpa get their interest paid by iit kgp till they passout. There is also INSPIRE scholarship for students enrolled in pure science courses which amounts to rs 3k/month
Yes are so many banks which are willing to pay loan at lower interest.Scholarships MCM- through this every student which have parent income less than 5 lakhs get the full fee waiver.Apart from fee waiver they also get some money each year.INSPIRE- I am currently getting this .All studnet who chose integrated MSC(except economics) and secured rank less than 10 thousand in JEE gets this
MERIT CUM MEANS SCHOLARSHIP (MCM) (For B.Tech./ B.Arch./ Dual Degree/ 5-Year Int. M.Sc. Course) – This scholarship is given to provide financial support to bright students of the campus. Eligibility criteria is as follows: 1) MERIT CRITERION: The students’ academic performance in the two consecutive semesters of the preceding session i.e. the GPA of preceding two semesters must not be lower than 7.00 without any backlog/ unregistered subject(S) and clearing all prescribed credit requirements during the session. 2) MEANS CRITERION: The Gross Annual Income of a student’s parents/guardian and his family from all sources in the preceding financial year must not exceed Rs. 6,00,000/- (...
All the students who are studying MTech. or PhD or MS are getting stipend.The amount is fixed by the Government of India and there is no deduction.Since, the B.Tech. students don't have stipend, some depend on the study loan. The State Bank of India is having a branch in our Institute Campus,which offers study loans to all the students.
Merit Cum Means scholarship plus SBI bank gives loans to every student who wanted at the rate of 9.35 percent, since bank is open campus so there is no problem arises against loan.
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.