Yes IIT Allahabad do have scholarships.Scholarship will be paid only to those students whose parents/guardians income from all sources does not exceed Rs.8 lakh PA.The rate of scholarship would be Rs1000/- per month at graduation level for first three years of college and university courses and Rs. 2000/- per month at the post graduation level.Students pursuing professional courses would get Rs. 2000/- per month in the 4th and 5th year.The scholarship would be paid for 10 months in an academic year.