IIT Bombay Scholarships: Amount, Eligibility & Details

An IIT Bombay scholarship comes from the institute, from alumni donors or from the government. The Academic Office runs the IIT Bombay scholarship schemes for undergraduates through one online portal. The IIT Bombay scholarship details 2027 below follow the memorandum of 22 July 2026. The IIT Bombay scholarship eligibility rules and amounts are for the 2026-27 year.

Set each IIT Bombay scholarship against the B.Tech tuition of Rs 1,00,000 a semester, which the IIT Bombay fees page lists. Postgraduate students get assistantships instead, and a later section covers them.

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IIT Bombay offers seven types of scholarship and financial aid, and each one covers a different group of students. The cards show what each scheme gives. These IIT Bombay scholarship schemes are from the institute pages, and the eligibility rules are in the next section.

🎓UG MeritMerit-Cum-Means (MCM)Free tuition plus Rs 40,000 a year for income up to Rs 1 lakh. It pays Rs 30,000 up to Rs 3 lakh and Rs 20,000 up to Rs 5 lakh. It is limited to 25% of the sanctioned UG intake. The Dual Degree gets it only up to the fourth year.👩‍🎓UG WomenWomen Merit ScholarshipRs 10,000 a year for female UG students whose parental income is up to Rs 5 lakh. It applies only together with the MCM or the SC and ST facilities.🤝CategorySC and ST FacilitiesSC, ST and PwD students get a tuition exemption at any income. SC and ST students with income up to Rs 5 lakh also get free basic-menu messing and a hostel room rent exemption. The pocket allowance is Rs 500 a month for 10 months.💸Income BasedRemission of FeesFor income below Rs 1 lakh, the tuition fee is fully remitted. For income from Rs 1 lakh to Rs 5 lakh, two thirds of the tuition fee is remitted. It covers the B.Tech, Dual Degree, B.S. and B.Des.🏅Donor FundedNamed ScholarshipsAlumni and well-wishers endow these awards, and the Office of the Dean, Alumni and Corporate Relations manages them. The merit basis for new entrants is the JEE Advanced rank, or the UCEED rank for the B.Des.🔬PGPG and Ph.D. AssistantshipsPh.D. students get a teaching assistantship of Rs 37,000 a month for two years, then Rs 42,000. A research assistantship pays Rs 42,000, then Rs 47,000. M.Tech students on a teaching assistantship get Rs 12,400 a month. PMRF fellows get Rs 70,000 a month and a Rs 2 lakh annual grant.🏦LoansEducation Loans and Financial AidThe PM-Vidyalaxmi scheme gives collateral-free loans, with a 75% credit guarantee on loans up to Rs 7.5 lakh. SBI and Canara Bank have branches on campus. The Student Benevolent Fund and the IIT Bombay Alumni Association financial aid programme also help.

The institute also asks students to check the National Scholarship Portal for each IIT Bombay scholarship alternative. Central and state schemes there can pay more than the institute scholarships.

How Much Does the IIT Bombay MCM Scholarship Pay?

The MCM is the main IIT Bombay merit scholarship. It waives tuition and pays Rs 20,000 to Rs 40,000 a year, by income band. The money is paid for 10 months. A B.Tech tuition waiver is worth Rs 2,00,000 a year. It does not cover hostel charges, mess or other institute fees. A girl student with the MCM adds Rs 10,000 a year.

Is There an IIT Bombay Scholarship for M.Tech and Ph.D. Students?

Yes. The IIT Bombay scholarship details 2027 for M.Tech students depend on the category. Those admitted under the teaching assistantship get Rs 12,400 a month. Research assistants in the M.Tech get Rs 13,400 to Rs 15,400 a month as the years go on. Ph.D. students get the Ph.D. assistantship rates in the cards above. A Ph.D. student can also be nominated for the PMRF after admission.

IIT Bombay scholarship eligibility depends on your category, your family income and your marks. Each IIT Bombay merit scholarship also has its own limit. The income limit for every UG scheme is Rs 5 lakh a year. That is the gross income of both parents from all sources in the financial year 2025-26, without any standard deduction. Category alone decides the tuition exemption.

Who Is Eligible for the IIT Bombay MCM Scholarship?

IIT Bombay scholarship eligibility for the MCM has two parts. Your parental income must be Rs 5 lakh or less. Your merit must also place you inside the 25% limit of this IIT Bombay merit scholarship. New entrants are ranked by JEE Advanced rank, or by UCEED rank for the B.Des. CPI is not needed for the 2026 batch. Later years need a CPI of 6.00 or above at the end of 2025-26.

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You apply for every UG scholarship on one portal, my.iitb.ac.in, with your LDAP login. The IIT Bombay scholarship 2027 form covers the MCM, free messing, remission of fees, the Women Merit Scholarship and the named awards. The 2026 new-entrant window opened on 30 July 2026, and it closes on 16 November 2026. The IIT Bombay scholarship information below applies to this window.

You then pay the rest of the fee for the Spring semester as the portal shows. Update and verify your bank account on the ASC portal before you apply.

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You need a parental income certificate for the financial year 2025-26 to claim any IIT Bombay scholarship. The certificate must meet these rules. This IIT Bombay scholarship information is for the 2026-27 year. For IIT Bombay Information on scholarship eligibility, refer to the applicable guidelines.

• Issued by the competent authority of your state, on or after 1 April 2026.
• Valid until 31 March 2027.
• A clear, readable scan with a QR code or barcode, so it can be verified online.
• It must show the gross income of both parents.
• A legal affidavit if one parent has no income source.

If the certificate cannot be verified online, submit the signed original to the Academic Office before the last date. Some state sites need an OTP, so give it to the UG Unit staff when they ask. Forged papers go to the Disciplinary Action Committee.

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The 2026 memorandum asks for no written test or interview for any IIT Bombay scholarship route. The Academic Office scrutinises each application against the income, category and merit rules. Each IIT Bombay scholarship 2027 award follows these rules. Meeting the rules does not guarantee an award, because the MCM covers only 25% of the sanctioned intake.

You cannot choose a scheme on the form. The student gets the most beneficial scholarship for which they qualify. The award is prospective and not retrospective. A student can hold only one IIT Bombay scholarship at a time. Suppose you accept an outside scholarship during the same period. Then tell the institute at once and refund the institute scholarship you received.

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