Lateral entry

Yes, there is, I am student of bit sindri dhanbad which is situated in jharkhand,

And in here they do not allow lateral entry B.Tech students in the most of the company placement.

For the regular student company the highest package salary is-12-15LPA

And for lateral entry students only-6-8lpa 

I am actually electrical engineering student,

                And in this the company like vadenta, tata steel etc. Lateral entry students doesn't all to sit in the placement programme .

A lateral entry admission is one where a student directly enters in the second year of his engineering, MCA or MBA, etc. degrees. Each degree has its own admission criterion. For example for B.Tech, lateral entry candidate must have completed a Diploma in their respective branch or B.Sc in PCM to be eligible for the lateral entry programme. Candidates after completing their Diploma, have to appear for LEET (a special examination for enrollment in the engineering colleges offering lateral entry for B.Tech). Few states conduct their own LEET examination. You've go through various rounds in order to get approved for counseling. 

It completely depends on the discretion of the University and college. One cant state if it is possible without having all details so you can get in touch with your current college and know about lateral entry procedure to other university and then confirm from the University you wish to apply for.

The eligibility for B.Tech (lateral entry) is either you have completed the Diploma course or you are in the last year of Diploma with 50-55% aggregate in any one of the following branches:

Civil Engineering

Computer Science and Engineering

Electrical and Electronics Engineering

Electronics and Communication Engineering

Mechanical Engineering

Mechatronics

Mining Engineering