While Rs 3.26 crore was disbursed to 490 students during 2022-23 under this scholarship, a sum of Rs 3.30 crore has been committed for 495 students during the current financial year of 2023-24.

The Indian Institute of Technology Madras (IIT Madras) Alumni and CSR partners came together to provide financial support to 100 per cent of BTech students whose annual parental income is in the 'Rs 1 lakh to Rs 5 lakh' category for two consecutive years (2022-23 and 2023-24).

'Merit-cum-Means' (MCM) scholarship is one among the numerous financial assistance and scholarship support provided to students by IIT Madras, the Central and State Governments. Students from SC/ ST/ students admitted in all programmes are exempted from paying tuition fees irrespective of their parental income. This MCM scholarship, in combination with the two-third tuition fee waiver by Government of India for students in this category, covers entire tuition fees of eligible B.Tech./Dual Degree students belonging to EWS/GE/OBC Categories. This support frees up the students to focus completely on their studies and future academic pursuits without having to worry about their financial situation or education loans.

While Rs 3.26 crore was disbursed to 490 students during 2022-23 under this scholarship, a sum of Rs 3.30 crore has been committed for 495 students during the current financial year of 2023-24. The scholarship per student is Rs. 66,667, which is split into two halves and disbursed during each of the two semesters per academic year.

Additionally, alumni-funded scholarships are available to the highest-scoring students based on their academic performances. Students whose annual parental income is below Rs 1 lakh have a full tuition fee waiver at IIT Madras.

Also, SC/ST students admitted to the M.A. programme with a parental income less than Rs 4.5 lakh were sanctioned concessions of free mess facilities, a pocket allowance of Rs 250 per month, and an exemption from the payment of tuition fees and hostel seat rent. 25 per cent of the students admitted to the MA programme and whose parental income is less than Rs 4.5 lakh were also sanctioned merit scholarships.

Further, scholarships sanctioned by NCERT, Central and State governments are provided to meritorious students pursuing the BTech programme in IIT Madras. The Tamil Nadu Scholarship is provided by the Directorate of Backward Class/ Directorate of Most Backward class.

Students who join the MTech programme through the Graduate Aptitude Test in Engineering (GATE) are awarded Half-Time Teaching Assistantships (HTTA) at Rs 12,400 per month. Students admitted to the MSc programme were sanctioned a‚¹1,000 per month under the merit scholarship. Exemptions from the payment of tuition fees were also given to students.

The scholars admitted to full-time PhD programmes in engineering are sanctioned Half-Time Teaching/Research Assistantships (HTRA) of Rs 37,000 per month for the first two years and Rs 42,000 per month for the next three years. IITM encourages research scholars to present papers in international conferences, for which they are given financial assistance. The financial assistance provided to MS and PhD scholars is up to the limit of Rs 1,50,000, including registration fees.