Scholarships and Financial Assistance
Financial Aid and Student Loans
The PM-Vidyalaxmi Scheme, a Government of India initiative offering collateral-free and guarantor-free education loans is available for meritorious students who are getting admission in this Institution and who are desirous of availing education loans to pursue their higher education. You can visit the portal https://pmvidyalaxmi.
Through the portal, you can:
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Apply to multiple banks for education loan,
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Access collateral- free and guarantor- free education loans,
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Benefit of interest subsidies available to eligible students as per scheme guidelines accessible at https://www.education.gov.in/
sites/upload_files/mhrd/files/ document-reports/PM_ Vidyalaxmi_Scheme_Guidelines. pdf -
To address queries raised by the students, there is a dedicated Toll-free number 1800-1031.
Scholarships provided by IIT Palakakd
| S. No | Name of Scholarship | Eligibility Criteria | Amount of Scholarship Awarded |
|---|---|---|---|
| 1 | Full Fee Remission | Annual Family income below 1 lakh per annum | Full Tuition Fee Waiver ( Rs. 1,00,000/- per semester) |
| 2 | Two Third Fee Remission | Annual Family Income between 1 lakh and below 5 lakhs per annum | Two Third Tuition Fee Waiver ( Rs. 66,667/- per semester) |
| 3 | MCM Scholarship | Annual family income below 4.5 lakh per annum and provided for 25 % of the sanctioned strength based on the JEE rank | Full Tuition Fee Waiver ( Rs. 1,00,000/- per semester)+ Rs. 1000/- per month as pocket money for four months in a semester |
| 4 | SC/ ST Scholarship | Annual family income below 4.50 lakhs and belonging to SC/ST community | Hostel accommodation and dining charges are waived off ( approximately Rs.27,000/- per semester ) + Rs. 250/- per month as pocket money for four months in a semester |
| 5 | PwD Fee Waiver | Certificate to prove disability | Full Tuition Fee Waiver ( Rs. 1,00,000/- per semester) |
| 6 | Shraman Scholarships | Providing financial support to underprivileged students in India to help them pursue higher education in technical disciplines. Annual Family income should be less than Rs.5 lakh. |
Upto Rs.35,000/- per semester (Rs.70,000/- annually). Renewed on an annual basis based on academic performance. Maximum support for Rs.2,80,000/- (upto 8th semester) |
| 7 | Vidyalakshmi Scholarship Scheme | 1. Students from families with annual parental income of Rs.1 to 5 lakh who currently pay 1/3rd of the tuition fee (the balance 2/3rd is subsidized by the Govt.) 2. Students from EWS and OBC-NCL categories are included. 3. Students with meritorious performance (CGPA > 6.5) 4. 50% of the selection / nominations preferably for girl students. |
Priority to girl students in BTech programmes. 1/3rd of the tuition fee will be awarded. |
| 1 | MCM scholarship | Annual family income below 4.5 lakh per annum and provided for 25 % of the sanctioned strength based on the JAM rank | Full Tuition Fee Waiver ( Rs. 3,000/- per semester)+ Rs. 1000/- per month as pocket money for four months in a semester |
|---|---|---|---|
| 2 | Prof Valsakumar Memorial Merit cum Means Scholarship | MSc Physics student with highest JAM rank with 4.5 lakhs and below annual family income | Rs. 35,000/- to a student in a year |
| 3 | Prof Valsakumar Memorial Merit Award | MSc Physics student with highest CGPA | Rs. 5,000/- to a student in a year |
| 4 | SC/ ST Scholarship | Annual family income below 4.50 lakhs and belonging to SC/ST community | Hostel accommodation and dining charges are waived off ( approximately Rs.27,000/- per semester, based on actuals ) + Rs. 250/- per month as pocket money for four months in a semester |
