As you asking I am telling IIT Bombay URA (Undergraduate Research Award) is designed to recognize undergraduate students who pursue research to provide UG students, who have excellent academic performance and who are talented, an opportunity to get research exposure/experience by working in an on-going research project.

URA01 (Research Exposure)

Generally of six-months duration.
Operates from Jan-June or June-November in a year.
A student is expected to work about 8 hours/week during semester course work and full time during summer.
It may be combined with PT if the PT slot is in the summer covered by the period of URA01.
A student may be paid Rs. 1,500-2000 per month from research grants.
Students should formally register for URA01 with Academic Office.
Students can apply after completing first year of their studies.
Student applications should be invited and processed in November and April so that the work can start as per the above periods.
Students should not take leave during this period.
Students may take URA01 in any department of their choice.
The nature of work is expected to be of development and experimentation type.
The students will be evaluated by the supervising faculty on the basis of regular work, interest, and contributions in the on-going work. The pass / fail grade should be sent to the Academic Office at the end of the period.
"URA01 : Research Experience" will be listed on the grade card only for the students who receive pass grade.
The supervising faculty may terminate URA01 at any time in case of unsatisfactory work of the student.


URA02 + URA03 : Research Project

These are in lieu of the degree project work, and carry same credits. These are not available to DD students.
The students are expected to make contributions to the on-going research. The work must result in a technical report publishable as a conference / journal paper.
In case of unsatisfactory or inadequate work, student registrations for these will be converted to the normal degree projects. A grade below BB will automatically convert registration for this into the standart B.Tech projects.
The research work will be evaluated by a panel to ensure a level of contribution higher than an average project (that is typical of degree-level projects).
The durations will be normally same as degree projects; however, preceding or succeeding summer breaks may be combined.
Students should take these from their own departments.
Students may be paid stipend of up to Rs. 3000/- pm from research or consultancy projects.
If the level and quantum of work is not adequate, the supervisor may terminate the research project and convert it into a normal degree project.
These projects will be listed as Research Projects on the grade reports