NIT Surathkal awards scholarships to students with exemplary academic performance and also those from financially weak  backgrounds.. Scholarships are offered to students under certain rules and regulations set by the government.NIT Surathkal offers merit cum means scholarships to the top 50 students  on the basis of their mark in the JEE Mains Exam every year. These scholarships are awarded to students whose annual family income is less than 4.5 lakhs per year. The scholarships are given based on their marks in the 10+2 exam which should be a minimum of 70%. The students who get the scholarship are given Rs.2000 per month as scholarship award.
The merit scholarship of Rs. 10,000 every year is given to 5 students based on their scores in the JEE mains exam.