This committee recommends to the Chairman and Senate the awarding of institute scholarships, such as MCM and free ship, to undergraduate students, as well as scholarships provided by private trusts and agencies. A list of the members of this committee is given below.
| Prof. Preeti Raman | Convener | MATH | 2024 |
| Prof. Rajesh Narahari Patkar | Member | BSBE | 2023 |
| Prof. Mrinmoyi Kulkarni | Member | HSS | 2025 |
| Prof. Ashwini Yella | Member | MEMS | 2025 |
| Prof. Ashwin Tulapurkar | Member | EE | 2025 |
| Prof. Jyoti Seth | Member | CL | 2025 |
| Prof. Maheshwaran Shanmugham | Member | CH | 2025 |
| Prof. Prasenjit Basu | Member | CE | 2025 |
| Faculty Adviser, SC/ST students | Ex-Officio Member | ||
| Registrar | Ex-Officio Member | ||
| Dean (Alumni and Corporate Relations) | Ex-Officio Member | ||