IIT Palakkad offers a variety of scholarships for its students belonging to reserved categories and students with disabilities. The scholarships are offered as per the norms of the Government of India at IIT Palakkad and financial assistance is provided to the students pursuing PG research-based programs and doctoral programs. The financial assistance is offered in the form of Half-Time Teaching Assistantship (HTTA). Apart from the basic scholarships, students at IIT Palakkad can also avail the facility of Education loans to meet their academic expenses. Some of the popular scholarship schemes offered by IIT Palakkad are as follows.
Merit Cum Means Scholarship:
- The Merit Cum Means Scholarship is the most popular scholarship at IITs. The Scholarship is only awarded to 25% of the students admitted.
- The basic requirements for the Merit Cum Means Scholarship is an annual family income less than INR 4.5 lakhs and the renewal of scholarship every semester is subject to a minimum GPA of 5 in the passed subjects.
- The award of the Merit Cum Means Scholarship is an exemption from the payment of tuition fees along with a pocket allowance of INR 1000 per month.
Free Studentship:
- Unlike the Merit Cum Means Scholarship, the Free Studentship is awarded to beyond 25% of students, to the students of the institute.
- In order to be eligible for the Free Studentship, a student must have an annual parental income of less than INR 4.5 lakhs.
- Also for the renewal of Free Studentship every semester, a student needs to maintain a minimum GPA of 5 in the passed subjects.
- As an award of Free Studentship, students will be exempted from paying the tuition fees.
Scholarship for SC/ST Students:
- The SC/ST Scholarship is specifically designed for the students of SC/ST categories whose annual family income is less than INR 4.5 lakhs.
- For the renewal of the SC/ST Scholarship, a student is subject to a minimum GPA of 5 in the past semester.
- The SC/ST students are exempted from paying the tuition fees under this scholarship scheme as per their academic performance in the institute.
- Also, the free messing (basic menu) is provided to the students along with a pocket allowance of INR 250 per month.
Scholarship for PD Students:
- The Scholarship is especially for the PD students irrespective of their annual family income and academic performance.
- The students are exempted from the payment of tuition fees under this scholarship scheme.
IIT Palakkad FAQs
Ques. Does IIT Palakkad provide an education loan facility?
Ans. Students enrolled at IIT Palakkad can avail the facility of education loan as the institute has signed an MOU with SBI, Kanjikode, and under Vidyalakshmi educational loan scheme.
Ques. How much financial assistance is awarded at IIT Palakkad for the PG students?
Ans. IIT Palakkad offers financial assistance in the form of Half Time Teaching Assistantship which is about INR 12,500 per month for 24 months only. The assistantship will be awarded as per the institute's rules and regulations.
Ques. Does IIT Palakkad also offer pocket allowance along with the Scholarships?
Ans. Yes, the institute also offers a sum of pocket allowance for its students to meet the expenses relating to the purchase of notebooks, books, consumables, etc.