XIME Bangalore provides various scholarships to meritorious and deserving students meeting the eligibility criteria. Scholarships awarded are Merit-cum-Means scholarship, President Scholarship, Barrister M.K.Nambiar Memorial Scholarship, Late Prof. J.D. Cherayil Memorial Scholarship and Sarosh J Ghandy Scholarship. In Merit-sum-Means scholarship, 30% tuition fees is waived off. The institute also provides COVID scholarship which is given if the principal earner of the family has lost his/her life due to COVID. Under this scholarship 50% tuition fee is waived off.