IIT Bombay offers various Institute Scholarships, Govt. Scholarships, Private Scholarships, and Fellowships. Some of the renowned scholarships offered at IIT Bombay to give financial assistance to students are as follows:

Scholarships Eligibility Criteria Award Amount
Merit Cum Means Scholarship (Institute Scholarship) On the basis of JEE AIR Rank INR 25,000 per semester
IIT Bombay Heritage Fund Scholarship On the basis of JEE AIR Rank Award amount varies
Dr. Burjor Godrej Scholarship Students admitted to the M.Sc. Chemistry Programmes at IIT Bombay INR 2,000 per month
Aditya Birla Scholarship The student should be in the top 25% of his/her batch and must have a rating of at least 7 on the 9-point scale during the coursework INR 65,000 per year
OPJEMS Scholarship
  • 2 toppers from each batch from the Civil Engineering, Electrical Engineering, Mechanical Engineering, and Metallurgical Engineering streams
  • Top 12 candidates from each batch in any specializations for all 4 years
 INR 65,000 per year
INSPIRE Scholarship
  • The students must be in the top 1% in high school standard in Natural and Basic Sciences
  • Joint Entrance Examination of IIT top 10,000 ranks, AIEEE top 10,000 ranks plus those clearing AIPMT to top 10,000 ranks
 A total of INR 80,000 to each student

IIT Bombay Merit-Cum-Means(MCM) Scholarship

A maximum of 25% of the sanctioned intake of undergraduate students are eligible for the Merit-Cum-Means scholarship. Academic merit along with the means of an undergraduate student is taken into consideration for granting this scholarship.

Income Limit Women Others
Income of up to INR 1 Lakhs
  • Tuition fee coverage
  • Scholarship award of INR 40,000 yearly
  • Women Merit Scholarship of INR 10,000 yearly
  • Tuition fee coverage
  • Scholarship award of INR 40,000 yearly
Income of INR 1 Lakhs up to 3 Lakhs
  • Tuition fee coverage
  • Scholarship award of INR 30,000 yearly
  • Women Merit Scholarship of INR 10,000 yearly
  • Tuition fee coverage
  • Scholarship award of INR 30,000 yearly
Income of INR 3 Lakhs up to 5 Lakhs
  • Tuition fee coverage
  • Scholarship award of INR 20,000 yearly
  • Women Merit Scholarship of INR 10,000 yearly
  • Tuition fee coverage
  • Scholarship award of INR 20,000 yearly

IIT Bombay Private Scholarships

The private scholarships offered at IIT Bombay are as follows:

Degree Scholarships Eligibility Criteria Award Amount
Ph.D. SJM School of Management Endowment Scholarship According to the procedure of the institute INR 28,000 per month for the first two years with the provision of enhancement of INR 31,000 per month
Ph.D. IITB Monash Scholarship According to the procedure of the institute INR 35,000 per month for the first two years and INR 39,000 per month for the next 3 years
Ph.D. EATON Technologies Pvt. Ltd. Selection through department
  • INR 30,000 per month for first two years
  • INR 35,000 per month for next 2 years plus INR 1,50,000 for attending one national/international conference
Ph.D. SERB (Purdue Visiting Doctoral Fellowship (for 12 months)) Selection through department INR 2,000 per month plus a one-time contingency grant of INR 60,000 plus onward journey fair
M.Tech. Forbes Marshall
  • Via Energy Systems & Engg.Deptt.& Forbes Marshalls
  • Interview of the students at the beginning of 1st semester
  • INR 20,000 per month plus tuition fees paid by students every semester
  • Contingency of INR 15,000
  • Tuition fee of INR 5,000 for per semester
M.Tech. Dr. Gargi Vishnoi Memorial Scholarship (Only for Biosciences and Bioengineering Department) Selection through department INR 2,000 per month in addition to TA

IIT Bombay Government Scholarships

The Government scholarships offered at IIT Bombay are as follows:

Degree Scholarships Eligibility Criteria Award Amount
Ph.D. NBHM (National Board of Higher Mathematics) Selection through NBHM directly INR 31,000 per month after 2 years, INR 35,000, Contingency grant INR 20,000 per year.
Ph.D. DBT-JRF DBT-SRF (Department of Biotechnology Jr. research Fellowship) Selection through DBT-JRF in Pune
  • INR 31,000 per month for first 2 years
  • INR 35,000 per month for next 3 years plus a contingency of INR 30,000 per annum
Ph.D. DST-INSPIRE Direct selection through DST-INSPIRE
  • INR 31,000 per month, for M.Sc./BE./B. Tech./ME./M.Tech. students for 2 years (JRF)
  • Next 3 years INR 35,000 Plus Contingency INR 20,000 per year.
Ph.D. ICMR (Indian Council of Medical Research) Direct selection through ICMR
  • INR 31,000 per month for the first two years.
  • INR 35,000 per month next three years
  • Plus Contingency INR 20,000 per year
M.Tech. DAE (DGFS) (BRNS) (Board of Research in Neuclear Sciences) Selection through DAE consent in BARC beginning of 1st Semester
  • INR 35,000 per month, Plus Reimbursement of Tuition Fees paid by students every semester
  • Education Material Allowance of INR 5000(one-time payment during the entire programme).
  • Plus Contingency expenditure of INR 25,000 to each student.
  • Book Allowance of INR 10,000
M.Tech. AERB (Atomic Energy Regulatory Board) Selection through Energy & AERB Consent based on the interview of the students at the beginning of 1st Semester
  • INR 35,000 per month+ reimbursement of total fees paid by the students at the time of admission
  • Book allowance INR 5000 once during the course
M.Tech. MERC (Maharashtra Electricity Regulatory Commission) Selected through the Normal selection and Admission Procedure of IITB.
  • INR 8,000 per month plus tuition fee of INR 5,000
  • Contingency during the course of INR 15,000
M.Tech MPCB (Maharashtra Pollution Control Board) Selected through the Department. INR 8,000 per month