Malwanchal University provides merit scholarships for UG courses following Class XII. Scholarships are awarded between 5% and 20% of tuition fees depending on academic achievement. Students who score 70%–95% and above in CBSE, ICSE, or State Boards are qualified. Increased percentages receive higher fee waivers, promoting academic excellence and reducing financial burdens for deserving candidates in different fields.
| Scholarship Name | Eligibility or Criteria for Selection | Amount of Scholarship |
| OBC | MP Higher Education – 10th, 12th or Graduation | Up to 40% of fees |
| SC/ST | MP Higher Education – 10th, 12th or Graduation | 70% to 100% of fees |
| Malwanchal University Scholarship Test (MUST) | 10th, 12th or Graduation | Up to ₹15,000 |