The IIT Bombay Heritage Fund, U.S.A. created by the IIT Bombay Alumni in U.S.A. collects donations from the Alumni for institution of scholarships in IIT Bombay.

The scholarships are available to the students in large numbers.

Means Criterion:
The parental income is the basis for the `means’ criterion of the scholarship. At present students whose parent's annual gross income from all sources does not exceed Rs.5,00,000/-, are eligible.


Postgraduate Private Scholarship awarded by IIT Bombay are:

DBT-TWAS ( Foreign National ) Fellowship
Ph.D.
Rs. 16,000/- p.m. ,Plus Contingency amount Rs. 50,000/-p.a. Plus HRA Rs. 4,800 pm Plus Med. Allow. Rs. 600 pm.

Crompton Greaves Fellowship
Ph.D.
Rs. 24,000/- p.m. , Contingency grant Rs. 25,000/- per annum. For undergoing Ph.D. programme in Electrical Engg., Mechanical Engg,, Metallurgical Engg. & Materials Sc. and Industrial Design Centre (Fellowship amount likely to be revised)

SJM School of Management Endowment Scholarship
Ph.D.
Rs. 18,000/- p.m. for the first two year with the provision of enhancement to Rs. 22,000/- p.m. based on the assesment of the recommandation of the RPC. The increase in Endowment Fellowship is effective from July 2010.

IITB Monash Scholarship
Ph.D.
Ist 2 Yr. Rs. 31,000 p.m. next 3 Yr. Rs. 35,000 p.m

AREVA Ph.D. Fellowship
Ph.D.
Fellowship amount Rs. 32.000/- p.m. Plus 25,000/- Contingency per year

EATON Technologies Pvt. Ltd.
Ph.D.
Rs. 30.000/- p.m. for first two years, next two years Rs. 35,000/- p.m. Plus Rs. 1,50000/- for attanding one national/international conference period for a maximum of four years.