IIT Scholarships 2026: Want IIT Bombay Admission? Explore These Top Scholarships

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The Indian Institutes of Technology (IITs) are the most prestigious educational institutions in the country, where every student dreams of getting admission. However, the cost of higher education can be a barrier for many talented students.

With this in mind, each IIT, especially IIT Bombay, offers a variety of scholarships and financial aid programs to help students who excel academically or come from economically disadvantaged backgrounds.

If you want to get into IIT Bombay in 2026, here are two of the most important scholarships you need to know about.

IIT Bombay's Merit-cum-Means (MCM) Scholarship

IIT Bombay's Merit-cum-Means (MCM) Scholarship is designed to support students who excel in their studies and require financial assistance. According to the institute's academic office, approximately 25% of students admitted to undergraduate courses each year can benefit from this scholarship. Under this scholarship,

students from economically disadvantaged families receive a full tuition fee waiver and a monthly stipend. However, you must meet certain educational and income criteria.

To qualify for this scholarship, your parents' annual income must be below a certain threshold. Additionally, your academic performance must be satisfactory. This is typically measured by your JEE (JEE) rank or college internal grades at the time of admission.

To continue receiving the scholarship, you must maintain a minimum SPI/CPI of 6.0 each semester and have no academic backlog. If a case is borderline, the Scholarship Committee will review individual circumstances to determine whether you should continue to receive the scholarship.

The MCM scholarship benefits are divided according to income group as follows:

Annual income up to ₹1 lakh: Students from these families receive a full tuition fee waiver along with a scholarship of ₹40,000 per year. Female students in this category are also entitled to an additional Women's Merit Scholarship of ₹10,000 per year.

Annual income from ₹1 lakh to ₹3 lakh: Students in this income group also receive a tuition fee waiver. They receive an annual scholarship of ₹30,000, while female students receive an additional Women's Merit Scholarship of ₹10,000 per year.

Annual income from ₹3 lakh to ₹5 lakh: These families receive a full tuition fee waiver and an annual scholarship of ₹20,000. Female students in this category will continue to receive the Women's Merit Scholarship of ₹10,000 per year.

IIT Bombay's Free Messaging Facility (for SC/ST students)

IIT Bombay offers a special assistance to undergraduate students from Scheduled Caste (SC) and Scheduled Tribe (ST) communities, called the Free Messaging Facility. This is a crucial assistance package that waives basic mess fees for eligible students, essentially meaning free meals.

This assistance is not limited to free meals, but also includes tuition fee waivers, hostel rent waivers, and a monthly out-of-pocket allowance of ₹500. All these benefits apply to SC/ST students enrolled in B.Tech, B.Sc, B.Des, and dual degree (B.Tech + M.Tech) programs.

However, for dual degree students, the free messing facility is generally limited to the first four years.

Other Important Information:

Students should note that once they receive a scholarship from the Institute, they cannot accept another scholarship from any other government, semi-government, or private source. If a student has already applied for or received another scholarship, they must declare it when applying.

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