Merit-cum-Means Scholarship
- Description
- Studying at IIT Madras is a dream for many students. The only criteria to achieve the goal have been and should be merit, nothing else. Among the meritorious students, a few need financial support to pursue their education at IIT Madras. Our office of Alumni and corporate relation is pleased to assist students with tuition assistance while they pursue their education at IIT Madras.
- Our Funding Partners
- The Merit-cum-Means scholarship is supported by various Alumnus, Corporates and Well-wishers to contribute to the tuition expenses of selected deserving and meritorious students.
- Objective of Merit-cum-Means Scholarship
- Till 2015, the Tuition fee for a student was Rs. 90,000 per annum, and the Merit-Cum Scholarship fully supported the total cost of the tuition fees. Since 2016, the tuition fee has been revised to Rs. 2 lakh per annum. The Govt. Merit-Cum Scholarship has been revised to 2/3rd of Rs.2 lakhs (i.e. 1.33 Lakhs). This leaves a sum of Rs. 66,667/- to be borne by the student. This is particularly applicable to those students whose parental income is Greater than 1 lakh and less than Rs. 5 lakhs per year.
From the year 2021 onwards,, we are extending our support towards tuition fees for meritorious, deserving students with parental income of Rs. 5 lakhs to Rs. 8 lakhs. - Eligibility/Renewal Criteria
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- Parental income between Rs. 1 lakh and 5 lakhs per annum.
- B. Tech. / Dual Degree students are eligible.
- Beneficiary is required to maintain a minimum GPA of 5.0 across all the semesters.
- Up to four (4) years of tuition assistance will be covered based on the renewal criteria.
- Fund Transfer Methodology
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- Students should have their bank account details in the IITM Workflow.
- On confirmation from the ACR office, Main Accounts will transfer the scholarship fund to students’ accounts within two to three weeks.
- Students must confirm to the ACR Office their receipt of the fund.
Tuition Fee Support:
Student Categories | Family Annual Income | Nature of Waiver | Tuition Fee Support | Scholarship Support |
---|---|---|---|---|
SC – ST | Any Income Level | 100% of Tuition Fee Waived by GoI | NIL | NA |
General / OBC / EWS | <1 Lakh | 100% of Tuition Fee Waived by GoI | NIL | NA |
General / OBC / EWS | Greater than 1 to 5 Lakhs | 75% of Tuition Fee Waived by GoI | Rs. 66,667 (1/3rd of tuition fee) | by ACR office |
General / OBC / EWS | Above 5 to 8 Lakhs | No assistance from GoI | Rs. 2,00,000 (Full tuition fee) | by ACR office (Apply via the link provided below.) |
Application Link:
Category | Student Categories | Family Annual Income | Link to Apply | More Details |
---|---|---|---|---|
Category A | General / OBC / EWS | Greater than 1 Lakh to 5 Lakhs | Applicable to all the Students | |
Category B | General / OBC / EWS | Above 5 Lakhs to 8 Lakhs |
Contact
Scholarship TeamOffice of Alumni & Corporate Relations,
II-Floor, IC&SR Building IIT Madras,
Chennai – 600 036.