IIT Bombay - Fees and Scholarships

For all students:

1. Merit-cum-Means (MCM) Scholarship: Tuition fee waiver (Rs.45,000 per semester) Rs.1000 per month for both semesters in the academic year

2. Free Tuition: Tuition fee waiver (Rs.45,000 per semester)

For SC/ ST students:

1. Free Tuition: Tuition fee waiver (Rs.45,000 per semester)

2. Free Messing: only for basic menu Pocket allowance of Rs. 250 per month for both semesters in the academic year; Exemption from payment of hostel room rent

For PD students:

1. Free Tuition: Tuition fee waiver (Rs.45,000 per semester)

Private scholarships

1. Named Merit Scholarships: Rs. 25,000 – Rs.1,50,000 per year

2. Named Merit-cum-Means Scholarships: Rs. 25,000 – Rs.1,00,000 per year.

Private Scholarship

Students at IIT Bombay are awarded scholarships by various private organizations too. The criteria adopted by these organizations are same as followed by the IIT Bombay- ‘Merit and Means’. The organizations have a separate Scholarship Trust wherein only those students can apply whose parental gross income from all sources does not exceeds beyond Rs 4, 50,000.

The IIT alumni in USA have also established a fund for providing scholarships to the brilliant and deserving students of IIT under the name- IIT Bombay Heritage fund Scholarships. The alumni collect funds from all the members of the alumni for the constitution of the scholarship to be awarded to large number of students. The selection criteria for availing scholarship under the IIT Bombay Heritage fund are same as the criteria set up by the Private Organisations.

A student can get the full details from the Academic office of the Institute.

Government Scholarship

The students of IIT Bombay can apply for scholarship to the Government besides applying for the same in their institute. The Central government awards National Scholarships to students of every state on the basis of marks scored by them in the previous academic year. A student interested in renewing his/her scholarship also has to submit the progress report of the last academic year.

However, those students who have already received the scholarships by appearing in the National Talent Search Examination of the NCERT need not apply to the government again. The NCERT scholarship can be availed till one finishes his/her Masters’ programme.

Research Fellowship

IIT Bombay awards 100 Research fellowships each year to the students belonging to different colleges across the country, for undertaking research project at its different departments. The Research work is allotted on the basis of a student’s academic qualification.

The students short listed for the fellowship scheme need not necessarily belong to an engineering background. The fellowship is open even for post graduates in other streams too. For undertaking the research work, the institute provides a fixed amount in the form of stipend. The amount, however, differs with the experience. For instance, the students who are in III year of their B.Tech programme or are in II year of M.A. MSC., M.Com and MBA receive Rs 10,000 per month as stipend. The M.Tech degree holders with some experience, on the other hands, are awarded a stipend Rs 2000 more. The students can continue their studies along with the research work.

Besides the stipend, the students who are conferred Research fellowship are given a long term membership to the Institute’s library for reference purposes.

The applications for the fellowship programme are released in the end of December month every year.

Research Assistanceship (RA) 

• The students with a good GATE score are considered for the position of’ Research Assistants’ by various departments of IIT Bombay. As a Research Assistant the students has look after the concerned department institute and assist in teaching and other works. A Research assistant has to devote a total of 20 hours in a week. They are also given the liberty to complete their M.Tech programme in three years instead of the

SUMMER INTERNSHIP SCHEME 

• The awardees (who have not completed their degrees) have an opportunity to work on projects under the supervision of faculty members/scientists during their summer vacation. On the completion of their degrees, they could be considered for research Fellowship subject to performance during Summer Internship. The Summer Internship scheme is open to pre-final year B.Tech./ B.E./ M.A./ M.Com/ M.Sc./ M.E./ M.Tech./ MBA/ MBBS or equivalent degree students.
• Rs. 3000/-p.m. for summer internship (For a maximum of two months).
• Other benefits include Library facilities and hostel accommodation.

SELECTION PROCEDURE
(Selection Procedure for Summer Award of Scholarships)

• The selection procedure consists of preliminary screening of applications, followed by personal interviews that take place in a decentralized manner at the department level.
• Selection criteria includes consistently brilliant academic performance (relative rank in the class/University), work carried out by the student besides his regular academic work, participation/recognition in competitions such as Techfest, Olympiads, National Talent Search Exams, and performance in the interview.