VIT Scholarship Based on Qualifying Exam Score
VIT Vellore offers VIT scholarships based on qualifying scores to candidates who want to take admission into BTech and MBA courses. Check VIT scholarship details here.
VIT Scholarship 2023: If your dream college is Vellore Institute of Technology but you are worried about how to afford its high fees, then you must know that the institution offers VIT scholarships to meritorious students. The VIT established the VIT Scholarship so that students who are financially unstable can get their tuition expenses for pursuing B.Tech funded by the VAT. The total VIT BTech fee is around INR 7,04,000 which is a good amount of money and not every middle-class Indian can afford this fee. This leads students to take educational loans and keep on paying that loans for a very long time. But, Vellore Institute of Technology provides fair opportunities to study at their campus without any partiality, therefore, they offer VIT Scholarships 2023. The VIT scholarship amount or fee waiver will be provided to the students based on their rank in the qualifying exam. So, if you want to pursue a BTech or MBA at Vellore Insitute of Technology and have passed VITEEE, NMAT, MAT, and GMAT entrance exams then you can avail of the VIT Scholarship option. Students who have achieved the highest rank will have their fees waived completely.
Read the full article to get more details on the VIT scholarship, eligibility criteria, how to avail of the scholarship, rank-wise fee waived, etc.
Also Read: What is a Good Score & Rank in VITEEE 2023?
VIT Scholarship Highlight
The Vellore Institute of Technology has launched the VIT Scholarship for students seeking financial aid to study B.Tech courses at the VIT. Students will be eligible for fee waivers based on their academic or merit performance. Go through the important details of the VIT scholarship scheme given below.
Particular | Details |
Scholarship Name | VIT Scholarship |
Launched By | Vellore Institute of Technology |
Delegated State | Tamilnadu |
Delegated Ministry | Ministry of Electronics & Information Technology |
Objective | To offer fee grant for students who can't afford to study BTech and MBA at VIT campuses |
Applicable To | Vellore Citizens |
Beneficiaries | Students |
Beneficiary Category | Students undertaking Engineering courses and management courses |
Entrance exam needed to pass | VITEEE, GMAT, NMAT, MAT |
Concerned Institute | Vellore Institute of Technology |
Payment Mechanism | e-payment mechanism |
Mode Of Transfer | DBT (Direct Benefit Transfer) |
Amount of benefit | Fee-Waiving |
Fee-waiving percentage | 25% to 100% |
Scholarship Transferral | Monthly Basis |
Rank | 1st to thousand |
Scholarship Tenure | 1 Year |
Hosting Site | National Information Center (NIC) |
Mode Of Application | Online |
VIT Scholarship Eligibility Criteria
To be considered for the VIT scholarship candidates must fulfill the following eligibility criteria.
- The student must be a Tamil Nadu permanent resident.
- Students must have completed their Class 12th and secured 60% marks
- The candidate must be a B.Tech or Engineering student at Vellore Institute of Technology.
- Students who have passed the VITEEE, NMAT, MAT, and GMAT will also be eligible for the scholarships.
- MBA students will also be deemed qualified to apply online for the VIT Scholarship
VIT Scholarship Rank Wise Fee-Waiving Percentage
VIT Vellore scholarship for B Tech 2023 course will help candidates get fee reimbursement depending upon their performance in the VITEEE 2023 exam. Students who are toppers in the VITEEE exam 2023 will get 100+ fee waving. Students who rank between 1 to 50 will get 75% of fee reimbursement. Similarly, students who are ranked between 51 to 100 will get 50% fee reimbursement, and students with ranks 101 to 1000 will get 25% fee reimbursement.
VIT scholarship based on the qualifying exam is as follows.
Rank | Fee-Waiving %age |
Toppers | 100% |
01 to 50 | 75% |
51 to 100 | 50% |
101 to 1000 | 25% |
VIT Scholarship Fee for VITEEE Rank Holders 1 to 50
The VIT Vellore scholarship for B Tech 2023 will be based on candidates' performance in the VITEEE exam 2023. Candidates who scored 1 to 50 ranked in the VITEEE result 2023 will get fee reimbursement as follows-
Category for VIT Scholarship | Group A | Group B |
Tuition Fees (Per Annum) | Rs. 1,73,000 | Rs. 1,95,000 |
Caution Deposit (Refundable) | Rs. 3,000 | Rs. 3,000 |
Total Amount | Rs. 1,76,000 | Rs. 1,98,000 |
At the time of admission, the following also needs to be paid (To be Revised) | ||
VIT Scholarship applicable (75% Tuition fee waived off) | Rs. 1,29,750 | Rs. 1,46,250 |
Actual Fee to be Paid after availing VIT scholarship per annum | Rs. 46,250 | Rs. 51,750 |
VIT Scholarship Fee for VITEEE Rank Holders 51 to 100
Candidates who got ranked between 51 to 100 in the VITEEE exam 2023 will get scholarship fees as follows-
Category for VIT Scholarship | Group A | Group B |
Tuition Fees (Per Annum) | Rs. 1,73,000 | Rs. 1,95,000 |
Caution Deposit (Refundable) | Rs. 3,000 | Rs. 3,000 |
Total Amount | Rs. 1,76,000 | Rs. 1,98,000 |
At the time of admission, the following also needs to be paid: (To be Revised) | ||
VIT Scholarship applicable (50% Tuition fee waived off) | Rs. 86,500 | Rs. 97,500 |
Actual Fee to be Paid after availing VIT scholarship | Rs. 89,500 | Rs. 1,00,500 |
VIT MBA Scholarship
Students who want to pursue an MBA course at VIT Vellore, and achieve good marks in the qualifying exam can avail of the scholarship. VIT scholarship exams for MBA courses are MAT, GMAT, and NMAT. The VIT scholarship amount or fee waiver percentage given to MBA students is as follows:
Exam | Exam Rank | VIT Fee-Waiving %age |
MAT | 791 to 800 | 100% |
760 to 790 | 50% | |
NMAT | 345 | 100% |
325 to 345 | 50% | |
GMAT | 95% or above | Full Tuition Fee |
90% or above | 50% |
VIT Scholarship Group- Wise Amount
Apart from VIT scholarship based on qualifying exam score, the Vellore Insitute of Technology also offers group-wise fee reimbursement. The scholarship amounts awarded to each set of students that passed the VITEE are as follows:
Allowances Covered | Group A | Group B |
Tuition Fees | Rs. 1,73,000 | Rs. 1,95,000 |
Caution Deposit | Rs. 3,000 | Rs. 3,000 |
Total | Rs. 1,76,000 | Rs. 1,98,000 |
We hope that this post on VIT scholarship based on qualifying exam scores was helpful and informative.
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FAQs
What is the eligibility criteria for VIT scholarship based on qualifying exam score?
To be eligible for a VIT scholarship based on qualifying exam score, candidates must have passed class 12th with 60% percent and scored a rank in VITEEE, GMAT, NMAT, or MAT exam.
What is the CGPA for VIT scholarship for BTech course?
VIT Vellore scholarship for B Tech 2023 course will be provided to top 1000 rank holders. However, the VIT scholarship amount varies as per the candidate’s rank.
How much scholarship can I get from VITEEE 2023 exam?
If you are a topper in the VITEEE 2023 exam you will get 100% fee reimbursement as the VIT scholarship. Students ranked between 1 and 50 will have 75% of their fees reimbursed. Similarly, students ranked 51 to 100 will receive a 50% fee reimbursement, while students ranked 101 to 1000 will receive a 25% fee reimbursement.
Can I get scholarship through VITEEE exam 2023?
Yes, you can get a VIT scholarship based on a qualifying exam score.
What are the scholarship options available at Vellore Institute of Technology?
VITEEE Scholarship given under GVSDP, Smt. Rajeswari Viswanathan Memorial Scholarship, and Merits awards are some of the scholarship options available at the Vellore Institute of Technology