Scholarships are well-known among students in colleges and universities. Due to financial problems, all candidates and students are unable to cover the expenses of college. In this Formfees article, you will learn more about the different IIT Madras scholarship options available, as well as the documents that are required and the terms and conditions.

IIT Madras, established in 1959, is a well-known technology and scientific organization. IIT Madras is consistently ranked first among India's top engineering colleges overall. IIT Madras is made up of 19 departments and around 100 programs. IIT Madras is a 250-hectare campus with 550 teaching members, 8000 students, and 1250 administrative and support workers. Memorandums of understanding (MOUs) for student exchange programs have been inked by IIT Madras with several overseas universities. 

Students enrolling in the institute's UG, PG, and Dual Degree programs will spend a semester abroad to obtain broad experience, according to the signed MoUs.

The most popular of IIT Madras' 121 courses is the B.Tech and Online Degree program. Admission to the degree program is decided based on the JEE Advanced exam rank. 42 to 3150 is the minimal rank needed to apply to the BTech program at IIT Madras. The full BTech curriculum costs INR 2.1 lakhs each year. 

Established in 1959 as a public technical and research institution, the Indian Institute of Technology Madras (also known as IITM) received accreditation as an 'Institute of Eminence' in 1960. It is the third and only self-contained IIT operated by the Indian government. Located in Chennai, Tamil Nadu, on the campus of IIT Madras, is the IITMR, India's first university-based research park. IIT Madras has led the NIRF Rankings for four years running. IIT Madras was placed 250th in the QS World University Rankings 2023 and 285th in the QS World University Rankings 2024 on a global basis. 

The recruiting drive for the class of 2023 at IIT Madras has commenced. 1722 students submitted placement applications. As of the first day of the placement campaign, 445 students had been assigned. In addition, 407 students were offered pre-placement. A compensation package of more than INR 1 CPA was given to 25 students. Four companies submitted 15 international offers. 331 recruiters have committed to Phase 1 placement as of 2023. Employers hired students for roles including Quant, Core Engineers, Data Scientists, and Software Development Engineers. 

In the Govt of India, MHRD, NIRF Ranking 2022, IIT Madras is placed first among top institutes in India and tenth among the top 125 B-schools in India. "The Department of Management Studies, IIT Madras has taken great heights with its best performance to date under record placement time," said Haripriya B., Placement Manager, on the successful MBA 2023 placements at IIT Madras. We congratulate the department's new recruiters, which include PFC, P&G, Mphasis, and India Mart, as well as our regular recruiters, which include McKinsey, Accenture, DELL, CISCO, Deloitte, IBM, and others, for reinforcing their long-term ties."

Let us now come to the main topic IIT Madras scholarship.

To assist students financially, IIT Madras supports a range of scholarship programs, including Institute Scholarships, Government Scholarships, Private Scholarships, and Fellowships for Ph.D. students. To be awarded, each scholarship has particular eligibility requirements. The list below contains some of the most well-known scholarship programs offered by IIT Bombay as well as other Private Scholarships.

The Indian Institute of Technology in Madras is naturally and worldwide renowned for its technological education prowess. Candidates pursuing technical education in India are well aware of IIT Madras because it is one of the most important and recognized universities for technical education in India, and many well-known researchers have graduated from this institution. For more about the organization's development and history, as well as details about the IIT Madras Scholarship—which it offers to deserving candidates from low-income families—students should visit the official website of the institution.

Based on students' financial circumstances or academic achievement, the Indian Institute of Technology Madras awards about 25 scholarships. The application forms can be downloaded from the official IIT Madras website and submitted to the academic department by students who fulfill the conditions for the scholarship benefits. 

IIT Madras provides a range of scholarships to worthy students as a means of encouraging them. The Institute additionally helps students in need of financial aid by waiving fees and awarding scholarships to qualified applicants. Additionally, there are other scholarship opportunities available to female, SC, and ST students. Companies and the Indian government offer some of the scholarships, while former students provide others. The scholarship can be obtained through certain methods, and each application must pass a rigorous screening and validation process in order to be approved.

There are two types of IIT Madras scholarships:

1. Scholarship by Institute
2. Scholarship by Others

IIT Madras Scholarship List

The table below lists a number of the institute's well-known scholarships, along with a description of each.

Name of the IIT Madras scholarship	Criteria for Eligibility	Scholarship award
Institute Merit-Cum Means Scholarship	The annual income of a family should not exceed INR 4.5 lakhs.	Tuition is waived in 67% of cases. Only 25% of students admitted are eligible. A minimum GPA of 5.0 in the preceding semester is required for scholarship renewal each semester.
Institute Free Studentship	The annual income of a family should not exceed INR 4.5 lakhs.	Tuition is waived in 67% of cases. Only 25% of students admitted are eligible. A minimum GPA of 5.0 in the preceding semester is required for scholarship renewal each semester.
Institute National Prize	Based on JEE rank and monthly income of parents not exceeding INR 4.5 lakhs	Only 7% of accepted students qualify. A one-time gift of INR 1000
Girish Ready Scholarship	2 scholarships awarded based on highest JEE rank and yearly family income of less than INR 5 lakhs, and 1 scholarship awarded based on best overall performance in previous school years and annual family income of less than INR 5 lakhs.	Every year, INR 25,000 is spent. A minimum GPA of 8.0 in the preceding semester is required for scholarship renewal each semester.
Institute SC/ST Scholarship	The annual income of a family should not exceed INR 4.5 lakhs.	Free messing and a monthly pocket allowance of INR 250, in addition to tuition cost exemption. A minimum GPA of 5.0 in the preceding semester is required for scholarship renewal each semester.
Indian Women’s Association at Bonn Scholarship	Based on the highest JEE rank and an annual family income of no more than INR 5 lakhs	For a period of 12 months, one B.Tech student will receive INR 1,250.
Sri Chandrasekharendra Saraswathi Endowment Award at Kanchi Kamakoti Jagadguru	Based on Merit Cum Means and an annual family income of no more than INR 5.5 lakhs	A one-time payment of INR 2500 is required.
Sri V Ranga Raju Memorial scholarship	is Based on merit plus means and an annual family income of no more than INR 5 lakhs	For four years, one B.Tech student will receive INR 500. A minimum GPA of 5.0 in the preceding semester is required for scholarship renewal each semester.
Dr K Vasanth Rau Scholarship	Based on the highest JEE rank and a yearly family salary of no more than INR 5.5 lakhs. Renewal is contingent on a GPA of 6.5 or higher.	One student receives INR 25,000 each year.
M Sankaraiah and M Saradha (Mithigiri) Scholarship	Based on the top CGPA of B.Tech / Dual Degree Electrical Engineering students at the end of the fourth semester	A one-time payment of INR 20,000 is required.

IIT Madras Scholarship by Others

In addition to the ones offered by the institution, other scholarships at IIT Madras are listed here, along with their characteristics.

Name of the IIT Madras scholarship	Criteria for Eligibility	Scholarship award
Ministry of Social Justice and Empowerment, GoI. Central Sector Scholarship For SC students	Top ten students based on JEE rank and parental income of less than INR 4.5 lakhs (only B.Tech, MBA, and Dual Degree students are eligible).	Personal computer worth INR 45,000 (once); monthly living expenses of INR 2,200; books and stationery worth INR 3,000 per year; fee reimbursement.
Scholarships from the Central Sector for Students in ST	Top 5 students based on JEE rank and parental income of less than INR 6 lakhs (only B.Tech, MBA, and Dual Degree students are eligible)	Personal computer Rs.45,000/- (once); monthly living expenses Rs.2,200/-; annual books and stationery Rs.3,000/- Fee reimbursement. Renewable is subject to passing the annual final examination.
MHRD scholarship for single Girl child	According to GoI guidelines,	INR 40,000/- each year
Ministry of Minority Affairs, GoI Meritcum-Means Scholarship	Students from minority groups such as Muslims, Christians, Sikhs, Buddhists, and Parsis who hail from families with an annual income of less than INR 2.5 lakhs are eligible.	Maintenance expenses are Rs.10,000/- per year for hostellers and Rs.5,000/- for dayscholars. Course fee reimbursement of Rs.20,000/- or real fees, whichever is less. The scholarship amount will be approved by the State Government. 30% of the scholarship is set aside for female students. Renewable is subject to passing the annual final examination.
Aditya Birla Scholarship	The Aditya Birla Group will choose from among the top 20 JEE Rank students.	60,000 INR per year
Pratibha Scholarship of Govt. of Andhra Pradesh	B.Tech students are eligible. They must be Andhra Pradesh natives with a minimum of first class with 60% marks in Intermediate / XII class or its equivalent and an annual parental income of not more than 1 lakh.	INR 20,000/- per year, renewable annually. Students must apply directly to the AP Government.
ST Engineering Scholarships	Offered to two BTech students in their second, third, and fourth years who are in the top 10% of their classes in AE, CS, and ME.	The annual salary of INR 80,000/-
Inlakhs Scholarship	Academic performance (CGPA of 9.0 or higher) at the end of the second-semester Committee selection (one scholarship)	For four years, the fee is INR 25,000/- every semester.
OPJEMS	Based on JEE rank, the top 20 candidates are chosen. Higher semesters based on CGPA ranking among the top 20.	80,000 INR per year
TODAI Scholarship	Offered to two BTech students from the first, second, third, and fourth years in AE, EE, and ME.	2,000,000 Japanese yen per year
Shipping Corporation of India Scholarship	For all BTech Naval Architecture SC/ST/BPL students	INR 48,000/- per year, or complete tuition and hostel fees
Nissan Scholarship	Two B.Tech / Dual Degree programs are available.	Students in their third and fourth years pay INR 70,000/- per year.
Department of Science & Technology, Government of India: Inspire Scholarship	All Dual Degree (B.S. & M.S.) Students admitted for 5 years	INR 80,000/- per student per year
DAE, DGFS Scholarship by DRDO	B.Tech Aerospace students must have a minimum CGPA of 7.0 based on their JEE rank.	For four years, INR 5,000 each month. A one-time book allowance of INR 10,000/- is provided.
IIT Madras 72 batch Scholarship	The Trust offers interest-free educational loans to B.Tech students.	The annual salary of INR 25,000/-
SSAN Ananya Educational Trust	Academic performance will be evaluated on a regular basis. To continue receiving financial assistance from the Trust, each recipient must achieve basic minimum performance standards (to be specified later).	Loans for Education with No Interest

Let’s discuss about above scholarships in brief.

IIT Madras Scholarship for Merit Cum Means

Many students aspire to study at IIT Madras. Among the deserving students, a few require financial assistance to continue their education at IIT Madras. The only criterion for achieving their aim is merit.

The Government Merit-based Scholarship has been reduced to two-thirds of a lakh rupees (i.e. 1.33 lakhs). This leaves the student with a balance of Rs. 66,667/-. The Office of Alumni and Corporate Relations of IIT Madras has covered this with numerous alumni, corporates, and well-wishers.

Criteria for Eligibility/Renewal

• Annual parental income ranging from Rs. 1 lakh to Rs. 5 lakh.
• Students pursuing a B. Tech. or a dual degree are eligible.
• Tuition aid will be provided for up to four (4) years.

Important Student Beneficiary Requirement

An endowment of Rs. 15 lakhs or 25,000 USD is planned to sustain each student (assuming a 5% interest yield).

As the new academic year approaches, many students anticipate scholarship support. Your participation in providing deserving students with the necessary financial assistance will allow them to concentrate on their studies.

How the funds will be spent

The endowment's earnings will help support each eligible student with an annual tuition fee of Rs. 66,667/- through Merit-cum-Means Scholarships.

IIT Madras Scholarships of Need-Based SC/ST 

The need-based financial aid program is the most popular scholarship available to MBA students at IIT Madras Scholarship. Financial help is often awarded to worthy students from low-income backgrounds. Students who wish to participate in this program must complete the necessary documents at the time of enrollment. Aid will be granted to selected students only if their eligibility is confirmed. 

The IIT Madras scholarship provides financial assistance to all qualifying candidates who are accepted into the program. IIT Madras's Need-Based Financial Assistance program ensures that no participant's financial limits impede them from participating in the institute's educational programs. 

• The applications submitted by students will be examined in the first round to determine the participants' financial needs. Following the first round of nominations, the Committee may choose to meet with a select group of applicants. The results of screening rounds I and II will decide whether or not candidates are qualified for financial aid.
• Financial aid is granted at a somewhat lower rate than the tuition for that academic year. The family's income determines the scholarship amount, with a percentage of the maximum amount set aside. Annual payments range between 1.5 lakhs and 3 lakhs, 3 lakhs and 5 lakhs, 5 lakhs and 8 lakhs, and 8 lakhs and 10 lakhs.
• In order to pay for their tuition while attending school, students must get a loan from a respectable bank and spend the money in their loan account. The program's overall award will not surpass the funding allocated for that particular academic year.
• The participants' academic achievement will determine who gets the scholarship.
• The scholarship will only partially offset the tuition fee loan, and it won't be given out until the required documentation of loan account payments is obtained. By the time established by the Scholarship Committee, those who satisfy the requirements must turn in a thorough application.
• Applications cannot be submitted by candidates after the deadline.  Complete applications with all necessary supporting materials will be handled in the initial round.

If a student's family income is less than 1.5 LPA, they are eligible for a full scholarship.

Family Income	Eligibility for Scholarship(%)
<= 1.5 LPA	100
1.5 LPA - 3 LPA	75
3 LPA - 5 LPA	50
5 LPA - 8 LPA	25

Aditya Birla Group Scholarship

These scholarships are provided by the Aditya Birla Group. It is given to approximately three deserving PGP I and PGP II students. The selection is completely the responsibility of the Aditya Birla Group. Each year, each student receives approximately Rs. 175,000 in rewards.

OP Jindal Engineering and Management Scholarship

The OP Jindal Group awards one or two second-year PGP applicants the OP Jindal Engineering and Management Scholarship. When making the decision, academic status, an online test, and a personal interview are all taken into account. The final selection is based on a personal interview and an online test. Every student would receive Rs. 150,000 per year.

IIT Madras Scholarship for International Students

About the Program:

Many international students apply for IIT Madras scholarship primarily through scholarships offered by organizations such as the Indian Council for Cultural Relations (ICCR) and Study in India (SII). The smartest candidates pass our rigorous selection processes and receive an offer letter (about 10% of applications). However, we discover that only 20% of this pool receives a scholarship and joins. Given their financial conditions, the others are unable to pursue a degree at IIT Madras without a scholarship. IIT Madras is eager to welcome such deserving applicants to its full-time MTech and Ph.D. programs. 

Our goal as an Institute of Eminence is to achieve top worldwide rankings, and one of the important criteria for international rankings is the number of international students on campus. Furthermore, as international students with degrees from IIT Madras advance in their jobs, India's soft power grows. IIT Madras has recently offered nine MTech programs for international students in cutting-edge science and technology fields. These programs include cyber-physical systems, data sciences, quantum computing, and others. We are appealing to our alumni's generosity to assist us in raising cash for a scholarship for overseas MTech students that will cover their living expenses and tuition fees. For domestic students, the living allowance will be equivalent to the Half Time Teaching Assistantship (HTTA) or Half Time Research Assistantship (HTRA). This would amount to about INR 10 lakhs per student for two years and would include some assistance in obtaining housing outside of school. We intend to admit approximately fifty students through this program, with approximately five individuals admitted per program.

The IIT Madras scholarship will be awarded subject to the following criteria:

• Departments have picked students.
• Other scholarships have not been awarded to students.

Advantages of the Proposed Scholarship: Exchange of various perspectives and ideas

• MTech students at IIT Madras are in the process of converting to Ph.D.
• Many candidates are from impoverished nations, thus their education would be extremely beneficial to society.
• Students would go on to become global brand ambassadors, positively influencing bilateral relations.
• Increased worldwide rankings have improved our institute's global perception.

The entire proposed money is approximately INR 4.5 Crores (9 lakhs for 50 students).

IIT Madras Scholarship Application Process 

In order to be considered for the IIT Madras scholarship, the applicant must complete the following steps:

• You must first visit the IIT Madras scholarship webpage by clicking on the link provided here. 
• The home page will load on your screen. 
• Now, click on the Academics option, and a drop-down selection will display on your screen.
• You must select Academic Services, after which a number of other alternatives will appear on your screen.
• When you select the option Scholarships And Financial Assistance, a new page with information on these scholarships will appear on your screen.
• After reviewing all of the information regarding this scholarship, click the Apply Online option.
• On your screen, the application form will appear.
• You must complete the application form and upload all required papers.
• Apply for the scheme and be successful.

General Scholarship and Financial Aid Requirements

Any application for one of these scholarships or other financial aid will be disqualified if they are found to have violated the Institute's disciplinary rules or participated in misconduct. The Institute's

Financial Aid and Awards Committee may establish minimum grade point criteria for students to be eligible for scholarships. 

If the sponsors do not object, a student may accept more than one scholarship or financial aid during the same academic year, as long as the total amount does not exceed the actual yearly expenses payable to IIMA during the same academic year (PGP fees and other charges plus boarding and lodging as well as personal expenses up to Rs. 30,000 per year). 

If a scholarship or financial aid recipient receives another scholarship or financial aid from a source other than the Institute, he or she must immediately notify the admissions office. 

The terms governing the award of financial aid and scholarships are subject to change at the discretion of the Institute and sponsoring organizations. 

The Institute reserves the right to revoke a scholarship or financial aid already awarded on the following grounds: (i) providing inaccurate information in the scholarship/financial aid application, (ii) infraction of the Institute's disciplinary regulations, and (iii) misconduct.

The decisions of the Financial Help and Awards Committee regarding the distribution of financial help and scholarships are final. 

Frequently Asked Questions about IIT Madras

Q. Can I get scholarship in IIT Madras?

Ans. Scholarships the Institute Provides are accessible to 25% of accepted students. Scholarship renewal is contingent upon maintaining a minimum GPA of 5.0 per semester.

Q. Can I get full scholarship in IIT?

Ans. Every Indian Institute of Technology (IIT) offers Merit-cum-Means (MCM) Scholarships, which are given to up to 25% of the undergraduate students enrolled in the school each academic year. Particularly, students enrolling in dual degree programs leading to a B. Tech are eligible for this prize.

Q. How to get 100 percent scholarship in IIT Bombay?

Ans. Presently, students can apply for Merit-cum-Means Scholarships if their parents' combined yearly gross income for the preceding fiscal year did not exceed Rs. 5,00,000/. There is no tuition to be paid by any SC/ST students.

Q. Can I go to IIT Madras without JEE?

Ans. Interested candidates should have completed their class 12 math and physics coursework or an equivalent. Interested candidates may apply at any age. Candidates would need to apply through a built-in four-week qualifying process rather than being admitted through JEE.

Q. Can I get seat in IIT Madras?

Ans. Admission to IIT Madras for BTech, MTech, MSc, and BSc programs is entirely entrance-based. The majority of IIT Madras courses are accessible through national entrance exams, such as GATE, IIT JAM, JEE Main/JEE Advanced, and others.

Q. Does IIT provide laptop?

Ans. While an improved model of the computers is being offered to schools and universities in rural interior regions, a prototype was given out for free to IIT-B freshmen. Along with an extra order for 200 machines, which are now being built, 1600 laptops have been sold thus far.

Q. Can I get 1 lakh scholarship?

Ans. You will receive Rs 1 lakh per year for up to five years of higher education in the science stream if your name appears on the list of deserving 1 lakh pupils. The government intends to establish scholarships to promote science and technology education.

Q. Can I get IIT at 20%?

Ans. According to Ministry of school sources, students who rank in the top 20 percentile of each school board will now be able to appear for JEE Advanced and apply for admission to IITs and NITs even if they did not receive a perfect grade in class 12.

Q. Can I get IIT Bombay with 6000 rank?

Ans. Indeed, entrance to the top 7 IITs is possible, but you will need to make a branch sacrifice. 

Q. What are the basic requirements for the Merit Cum Means Scholarship at IIT Madras?

Ans. The Institute Merit-cum-Means Scholarship at IIT Madras is given to students who have excelled academically and come from economically disadvantaged backgrounds.