Hello Mushahid,

Scholarship is not provided by IET itself but by State Government and it is only provided to those students whose parents income is less than approximately 3 lacs per annum. If one satisfy the criteria of state government, irrespective of the performance institution exams, one can apply for scholarship. The Dean student welfare will help you throughout process and mostly everyone satisfying the criteria receives the amount in the bank. Full tuition fees is returned by the Government. 

Hope this helps