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For B.Tech students with financially weak background, Merit-cum-Means (MCM) Scholarships are provided by the institute on merit.
To promote education, increase the literacy rate and maintain a balance in the society, the Indian Institute of Technology, Patna Scholarships have been made available for selected candidates. These scholarships are delivered on the framework of the Merit – cum – Means (MCM) system. It is a way to award the students who not only belong to a financially weaker family background but are also meritorious in their academics. The IIT Patna MCM scholarships are given only to the students of the Bachelor of Technology courses offered by the institution. There are eligibility norms prescribed by the institution for selecting such students. Details of the eligibility criteria can be drawn out from the college administration section for which the students are advised to visit the IIT Patna campus.
It is important for aspiring candidates to know that they must carry a set of documents such as certificates related to the financial condition of the family and academic background of the candidates while claiming the scholarships through the defined sources of the institution. With the help of these scholarships, students will get a chance to continue their courses in the institution along with other benefits as prescribed considering the supportive documents submitted by the students. Submitting the CGPA score on regular intervals is a must for the ones who have acquired the scholarship from the institution in the first semester of the B.Tech course.
Students who are not satisfied with the scholarship support can also opt for educational loans granted by a number of private and government-owned banks. These education loans will also be accepted by the institution with requisite details and information defined by the concerned authority of IIT Patna. It is important for the candidates to first go through all the necessary details of the banks and then finalize the loan that they want to seek through the banks. Rate of interest and loan returning policies must be clear before they sign the education loan form provided by the banks.