National Institute of Technology - [NIT]

<h2>Scholarships at NIT Rourkela</h2>
<p>NIT Rourkela offers scholarships to support meritorious and deserving students in pursuing technical education. The institute provides financial assistance through various schemes that recognize academic excellence and promote inclusive access.</p>
<p>Financial aid is available in the form of selective scholarships and fee waivers for students from economically disadvantaged backgrounds. Special scholarship schemes exist for SC, ST, OBC, Economically Weaker Section (EWS), and female students.</p>
<p>These scholarships may cover tuition fees, hostel charges, or provide monthly stipends. This allows students to focus on academic learning, research, and skill development.</p>

<h2>Sources of Scholarships</h2>
<p>Scholarships at NIT Rourkela come from multiple sources. These include alumni contributions, corporate sponsors, State Governments, and the Government of India.</p>
<p>A defined procedure is followed for availing scholarships. Each application is carefully scrutinized and verified before approval.</p>

<h2>Education Loan Scheme</h2>
<p>A special loan product enables collateral-free and guarantor-free education loans. The application process is simple, transparent, student-friendly, and entirely digital.</p>
<p>For students with up to Rs. 8 lakhs annual family income, the scheme provides 3% interest subvention on loans up to Rs 10 lakh. This is in addition to the full interest subvention already offered to students with up to Rs. 4.5 lakhs annual family income.</p>
<p>The scheme applies to all Scheduled Banks, Regional Rural Banks (RRBs), and Cooperative Banks.</p>

<h2>Alumni-Sponsored Scholarships</h2>
<p>NIT Rourkela students can also benefit from alumni-sponsored scholarships. These are instituted by distinguished alumni and alumni associations to support meritorious and deserving students.</p>
<p>These scholarships are typically awarded based on criteria such as academic excellence, financial need, or overall performance. They aim to encourage talent, reduce financial burden, and strengthen alumni-student engagement within the institute.</p>