Following scholarships are available for the students of BIT Durgapur:
- Seth Balkrishan Memorial Annual Gold Medal: For the Meritorious Students securing highest marks in Final Year Examination. (All branches taken together).
- Annual Scholarship of Rs. 2,500: To the students securing highest marks in B.E. 2nd, 4nd and 6th Semester Examinations. (All branches taken together).
- Naveen Nair Memorial Gold Medal (by Dr. M.N. Nair): For the topper in Electronics & Telecommunication Engineering in the B.E. (Final Year) University Examination.
- Neeladri Guha Memorial Gold Medal (by Shri Subhendra Guha): For the topper in MBA at the final year University Examination.
- BIT Alumni Cash Award: Awarded on 26th January every year on the occasion of Republic Day celebration.
- Badra Devi Excellence Cash Award: For the student scoring maximum marks in Basic Electrical Engineering. Awarded on 15th August and 26th January Every year.