Dear aspirant,

No you cannot study in IIT Bombay if you just clear JEE advanced exam. IIT Bombay is the most sought after college in JEE advanced and therefore your rank must be very high to get in there. to give you an idea almost every year the top ranker of JEE advanced take admission in IIT Bombay there for the standard of IIT Bombay is very high and cannot be take an admission by just qualifying the exam your ank must have to be in top couple hundredsof  candidates to get in there.

And yes there are various scholarship schemes available based on your marks and performance in the college and your economic background or your reservation category etc.

This helps. Thank you.

Just qualifying JEE Advance does not grantees A seat in IIT Bombay as the competition is very high therefore you need to get very good rank under 2000.

As far as scholarships are concerned the SC/ST students and students whose family income is less than 1 lakh are completely exempted from the tuition fee. There are scholarships on the basis on merit which is given to branch wise topper, and there is other McM scholarship which is given based on percentage as well as family income. There are special scholarships for SC/ST students.