Financial aid at IIT Bombay: List of UG and PG scholarships being offered; check eligibility, benefits and more
IIT-Bombay ranked at top 130 in QS World University Rankings 2026, MIT remains at top
Pursuing engineering or postgraduate studies at top-tier institutes like IIT Bombay known for high-quality education and enhanced career opportunities, also involves a significant financial commitment. To support meritorious and economically disadvantaged students, IIT Bombay offers a wide range of scholarships and assistantships for both undergraduate and postgraduate programmes.
Here's a look at the financial aid options available at the institute.
Institute Scholarships
IIT Bombay offers the Institute Merit-cum-Means (MCM) Scholarship to deserving undergraduate students from economically weaker sections. To be eligible, students must meet specified parental income limits and maintain a minimum academic performance as defined by the institute. The scholarship includes a tuition fee waiver and a monthly stipend.
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Another support scheme is the Free Messing Facilities for SC/ST students, which includes exemption from paying mess charges and pocket allowance, provided they satisfy certain academic criteria.
Remission of fees
Under this scheme, complete or partial tuition fee remission is granted to undergraduate students belonging to economically backward families. Students whose parental income falls within the stipulated threshold as notified by the institute can apply for this remission annually.
Private and Named Scholarships
Numerous endowment-based scholarships are available to undergraduate students through private donors or alumni contributions. These Named Scholarships have specific eligibility criteria, including academic merit, financial need, or specific departments and programs.
Government scholarships
Students can also apply for central and state-level scholarships such as the National Talent Search Scholarship (NTS) and National Scholarships from their respective states. These require separate applications through government portals and usually demand minimum academic standards and income proof.
Postgraduate assistantship
For MTech, MDes, MS by Research (CSE/C-MInDS), and MPP students, IIT Bombay offers a Teaching Assistantship (TA) or Research Assistantship (RA). These assistantships are governed by AICTE/UGC guidelines and provide a monthly stipend in exchange for academic or research-related duties (up to 8 or 20 hours per week).
In addition to standard TAs and RAs, IIT Bombay also offers:
—QIP (Quality Improvement Programme) Scholarship Teaching Assistantship
—CSIR/UGC Fellowship Teaching Assistantship
-–Prime Minister's Research Fellowship (PMRF) for high-performing research scholars
—Teaching Assistantship for MS by Research and MA by Research (MA Res) students with specific updates applicable as of July 2022
These assistantships require students to maintain satisfactory academic progress and fulfil assigned duties.
There are also specific scholarships available for MTech and PhD students under categories such as:
–Private Scholarships from external agencies or corporates
–Government Scholarships awarded on the basis of merit, income, or reservation categories
Eligibility and application details vary by scholarship and are published on the official academic portal of IIT Bombay.
Master of Science (MSc) Scholarships
For MSc students, IIT Bombay provides both Institute Scholarships and access to Government Scholarships. Like undergraduates, eligible students can apply for the Institute Merit-cum-Means (MCM) Scholarship based on parental income and academic performance.
Free Messing Facilities (SC/ST) and other support measures are also extended to eligible M.Sc. students.
Those enrolled in MSc–PhD Dual Degree Programmes can avail scholarships that may evolve into research assistantships in the later phases, subject to performance.
Dual Degree Programme Support
Students pursuing Dual Degrees, such as BTech + MTech or BDes + MDes, are eligible for a Teaching Assistantship during their fifth year, which is treated as a part of their postgraduate study phase. These assistantships are governed by the same rules as TAs in regular PG programmes and require academic responsibilities.
All details regarding eligibility criteria, stipend amounts, income limits, and deadlines are updated periodically on the official IIT Bombay academics portal: acad.iitb.ac.in/academics/scholarship. Interested students can keep track of official notifications and apply within the stipulated timeframes.
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