IIIT Bhopal students are eligible for various central and state undergraduate scholarship schemes. The institute offers a total of 57 central and state scholarships to its enrolled students to facilitate the smooth progression of their higher education. There are scholarships for economically weaker background students and the institute grants fee waivers to its meritorious students and some of its girl students (rural category) in its various scholarship schemes. Some of the names of scholarships offered by the IIIT, Bhopal students includes - National Means Cum Merit Scholarship, Central Sector Scheme Of Scholarships For College and University Students, Post Matric Scholarship for SC, ST and OBC students and many more.