IIT Bombay: Admission 2026, Cutoff, Courses, Fees, Placements, Ranking

The institute offers a large number of scholarships to students. Indian Institute of Technology Bombay scholarships are offered by the Government of India, state governments, as well as private sources. Scholarships have always been an important area of focus in IIT Bombay because the cost of tuition, as well as hostel and other amenities, must be made accessible to students from several backgrounds. People from socially and economically disadvantaged sections of society are in huge need of financial assistance, and a large number of deserving students are given IITB scholarships, keeping that in consideration. Non-governmental-based scholarship funding mainly comes from generous contributions from our alumni and research institutes, and IIT Bombay is always grateful for search help from society and industry.

IIT Bombay Scholarships are offered for both undergraduate and postgraduate students, with certain criteria for sanctioning them. There are four kinds of scholarships offered to students, namely 

1. Undergraduate scholarships

2. Master of Science scholarships 

3. Other postgraduate scholarships 

4. Postgraduate assistantships.

IIT Bombay UG Scholarships

These scholarships are classified as 

• Institute scholarships 

• Remission of fees 

• Private scholarships 

• Government scholarships. 

IIT Bombay Merit cum Scholarships Eligibility Criteria and Amount

Private Scholarships: Also known as named scholarships, these are private by nature and are managed by the Dean of Alumni and Corporate Relations. These are institute-based scholarships having two dimensions. The criteria for the IIT Bombay scholarships, i.e. Private Scholarships, are both merit-based and means-based. The merit criteria hold for students entering their bachelor's degree in engineering and design through high rank in JEE and UCEED, and senior students are considered through their ranking or academic performance. The means criterion puts parental income as the central criterion, and the maximum allowed gross income is Rs. 5 lakh. This scholarship requires the submission of an income certificate issued by a government revenue officer, such as a tehsildar. If not, the income tax return of the parents needs to be submitted for consideration. Students must perform satisfactorily to benefit from this scholarship.

Government Scholarships: These scholarships are of two kinds.

• National Scholarships: The national scholarships are offered by the state governments of India for students hailing from their respective states. IIT receives applications forwarded by the state governments, and they are awarded or renewed on an annual basis, with the academic performance of students as the main criterion.
• NTS: National Talent Search (NTS) scholarships are awarded during the higher secondary period of education of students, and they are continued both at the Bachelor's and Master's level programmes. Students renew this scholarship by submitting the issued NCERT forms to the Academic section during intake.

IIT Bombay Scholarships - Master of Science 

These scholarships are classified as :

• Institute scholarships

  1. These scholarships are the same as the undergraduate ones mentioned above.

  2. MSc-PhD Dual Degree/TA – Teaching assistantships are offered for students in this programme.

• Private scholarships: These scholarships are the same as the undergraduate scholarships mentioned above.

• Government scholarships: M.Sc students are offered Government-funded fellowships

IIT Bombay M.Sc. Scholarships and Amount

IIT Bombay Scholarships for PG Courses

• Private Scholarships for M.Tech Students

  1.  Forbes Marshall

     • Rs 20,000 per month and Tuition reimbursement

     • TA/DA 

     • Rs 15,000 during the course towards assistantships

     • Selection is done during 1st-semester semester.

  2. Dr Gargi Vishnoi Memorial Scholarship (Biosciences/Bioengineering)

     • Rs 2,000 per month

     • Teaching assistantships

     • Selection is done by the department

IIT Bombay M.Tech Scholarships and Amount (Government Sponsored)

IIT Bombay Ph.D Fellowship and Amount

Indian Institute of Technology Bombay Fellowships and Amounts

IIT Bombay Fellowships for M.Tech/M.Phil/M.Des        

Indian Institute of Technology Bombay Ph.D and Dual Degree Fellowships

Private Scholarships for Ph.D Students include

SJM School of Management Endowment Scholarship

• Rs 28,000 per month for the first 2 years and then Rs 31,000 based on performance assessment and renewable every year. 

• Previously sponsored candidates will not be eligible for scholarships. 

• Duration is 5 years, with a selection process carried out by the university

IITB Monash Scholarship

• Rs 35,000 per month for the first 2 years and then Rs 39,000 p.m based on performance

EATON Technologies Pvt. Ltd.

• Rs 30,000 per month for the first 2 years and Rs 35,000 based on performance

• Rs 1,50,000 for attending a national or international conference one time within 4 years

• Selection is done by the department.

SERB (Purdue Visiting Doctoral Fellowship)

One year of doctoral research at Purdue University, USA. $2000 per month with Rs. 60,000 grant and onward journey grant. Selection is done by the department.

IIT Bombay Institute Scholarships: There are institute scholarships having two dimensions. Merit cum scholarships or MCM all offer to 25% of intake students and for dual degrees, they are available until the fourth year of study. The two main considerations for this scholarship is academic record and income. In terms of income, the main criteria for this scholarship are sources of income for family or parents that do not exceed Rs. 5,00,000 for eligibility. Students from the reserved category (SC/ST) are exempt from tuition. They can also avail of free tuition dining and availability up to the fourth year of study (dual degree). Also, students in reserved categories can exempt themselves from payment of hostel rent and can collect a pocket allowance of rupees 500 every month. Women candidates also benefit from a merit scholarship of Rs. 10000 every year.