According to the latest guidelines by the institute regarding the MRD Scholarships, you need to be in the top 20% of students of your own section or class for any particular academic year. Then you will be entitled to get a tuition fee waiver of 40% for the next academic year of study at PES University. This is executed on a semester basis.
Now you should also fulfill some other criteria to be eligible for this scholarship. Which are as follows.
The scholarships would be given after the result declaration and yes it is considered for each branch or section.