The INSPIRE Scholarship is a prestigious scholarship offered by the Department of Science and Technology (DST), Government of India. It aims to attract talented students to pursue courses in natural and basic sciences, including physics, at the undergraduate and postgraduate levels. The scholarship provides a monthly scholarship of INR 80,000 for a maximum period of five years, along with a yearly contingency grant of INR 20,000.


The KVPY (Kishore Vaigyanik Protsahan Yojana) scholarship is provided by the Indian Institute of Science (IISc), Bangalore, and the Department of Science and Technology (DST), Government of India. It is for students interested in pursuing a career in basic sciences, including physics. The scholarship is awarded based on a written examination and an interview. Selected students receive a monthly scholarship and an annual contingency grant.


Each IIT offers its own scholarships and financial aid programs to support students pursuing physics courses. These scholarships may include:

- Merit-cum-Means Scholarship: Awarded to students based on their academic performance and financial need.
- Institute Free Studentship: Full or partial tuition fee waiver for students in need.
- Institute Merit Scholarship: Awarded to meritorious students based on their academic performance.
- SC/ST Scholarships: Scholarships specifically for students belonging to Scheduled Castes (SC) and Scheduled Tribes (ST) categories.


There are various external scholarships that students pursuing physics courses in IITs can apply for, such as:

- National Scholarships: Scholarships offered by the central and state governments of India, including the National Scholarship Portal.
- Private Scholarships: Scholarships provided by private organizations, foundations, and corporations, such as the Tata Scholarship and Aditya Birla Scholarship.
- International Scholarships: Scholarships offered by foreign governments and organizations for Indian students studying abroad.


Students can also avail education loans from banks to finance their education in IITs. These loans can cover tuition fees, accommodation, and other expenses. Many banks offer special education loan schemes with favorable interest rates and repayment options for students studying at IITs.

It is important for students to research and stay updated on the various scholarships and financial aid opportunities available for pursuing physics courses in IITs. They should visit the official websites of IITs and relevant scholarship portals to gather accurate and up-to-date information about eligibility criteria, application processes, and deadlines.