IIT Bombay offers a variety of scholarships to support both postgraduate and undergraduate students, ensuring financial barriers do not hinder their academic pursuits. These scholarships are provided by private entities, government bodies, and the institute itself, catering to the diverse needs of the student body.

Private Scholarships for Postgraduates:
SJM School of Management Endowment Scholarship:
EAT Technologies Pvt. Ltd. Scholarship:
SERB Scholarship:
Dr. Gargi Vishnoi Memorial Scholarship:
Specific to the Biosciences and Bioengineering Department.
Government Scholarships for Postgraduates:
NBHM Scholarship:
DBT-JRF and DBT-SRF Scholarships:
DST-INSPIRE Scholarship:
ICMR Scholarship:
Offers the same financial support as DBT-JRF/SRF and DST-INSPIRE.
DAE Scholarship:
AERB and MERC Scholarships:
Provide financial assistance, cover tuition fees, and offer additional allowances.
MPCB Scholarship:
Master of Science students at IIT Bombay can benefit from merit-cum-means scholarships. Additionally, there are specific scholarships for M.Sc-Ph.D. (Dual Degree) students and named private scholarships, further easing their financial burdens.
Undergraduate Scholarships
NBHM Scholarship:
Rs 6,000 monthly.
Institute Scholarships:
Awarded based on merit and means.
National Scholarships:
National Talent Search Scholarship (NTS):