University of Mumbai offers a variety of scholarships, financial aid programs, and merit-based awards for undergraduate, postgraduate, and research students. Check below some University of Mumbai scholarships:
Government Scholarships
- MahaDBT Scholarship: Maharashtra-domiciled students from reserved and economically weaker categories (SC, ST, VJNT, OBC, SBC, and EWS) can apply for government tuition freeships and maintenance allowances through the official MahaDBT Portal.
- National Scholarship Portal (NSP): Open for central government schemes, minority communities, and students with disabilities.
University Level Scholarships
- Central Sector Scheme of Scholarships: Available for college and university students who score above the 80th percentile in Class 12 with family income limits.
- Financial Assistance to Needy Students: A corpus fund provides support to economically backward students enrolled in university departments and affiliated colleges.
- Financial Assistance for Backward Classes: Reserved category students (SC, ST, NT, DT, SBC) receive dedicated annual financial allocations.
Scholarship for Research Students
Narotam Sekhsaria Fellowships for Research
The scholarship is awarded for research in Physics, Demography, and Statistics. It requires a Master's degree with at least 55% marks. Candidates must generally be under 25 years old. University provides a monthly stipend of INR 8,000 (1st year), INR 10,000 (2nd year), and INR 12,000 (3rd year), plus an annual contingency grant of INR 25,000.
Multi Commodity Exchange Fellowships
The scholarship promotes doctoral research in commodities and commodity trading within the Department of Economics. Offers two fellowships (named Sarvashree Madhusudan Daga and Dr. Madhoo Pavaskar) valued at INR 75,000 per year.
Vibhooti Shukla Endowment
This scholarship is awarded for doctoral studies in Urban Economics and Regional Development and provides INR 5,000 per month for 2 years (extendable to 4 years). The eligibility is to have an M.A. in Economics with a high second class and a 1,000-word thesis proposal.
The Late Shri Mohan Lal Tanna Foreign Scholarship
The amount of scholarship offered is INR 5,000 per annum for 2 years. The scholarship is awarded to the first-attempt B.Com topper (minimum 55%) to prosecute studies abroad for an M.Com, MBA, or C.A.
The Late Shri Mohan Lal Tannan Scholarship (MMS/MBA)
The amount of scholarship offered is INR 1,000 each per annum for 2 years. It is awarded to the top two B.Com graduates (minimum 55%) to pursue a full-time MMS or MBA at JBIMS, IIM Calcutta, IIM Ahmedabad, or other recognised institutes.
The Lotus Foundation Scholarship
The amount of INR 1,800 per annum for 2 years awarded to the highest aggregate scorer continuing into M.Com Management Studies. Secondary awards of INR 1,000 and INR 800 per annum are given to the 2nd and 3rd rank holders.
PG Scholarships
Check below PG scholarships and amount offered at University of Mumbai:
| Scholarship | Eligibility | Amount offered |
|---|---|---|
| The Late Shri Mohan Lal Tannan Scholarship (M.Com) | B.Com graduate (minimum 55%) continuing M.Com at Mumbai University. | INR 1,200 per annum for 2 years |
| The Syndicate Bank Golden Jubilee Scholarship | Awarded every alternate even year to the top first-attempt B.Com graduate continuing to M.Com (provided they hold no other scholarship). | INR 900 per annum for 2 years |
| The Shri Vithal Nilkanth Wagel Scholarship | B.Com aggregate topper continuing to M.Com or Management Studies | INR 450 per annum for 2 years |
| Sir James Begbie Scholarship | Awarded on alternate years (even years for one endowment, odd years for another) to the top B.Com aggregate scorer continuing to M.Com or Management Studies. | INR 350 per annum for 2 years |
| M.R. Desouza Scholarship | Awarded to the grand total topper of B.Com continuing to M.Com | INR 284 per annum for 1 year |
General Rotation Scholarships & Cash Prizes
Check below some scholarships along with the amount offered:
| Scholarship | Eligibility/ Amount offered |
|---|---|
| Principal K.M. Kundanani Scholarship | INR 1,170 per annum for 1 year. Awarded to the highest aggregate scorer at the final examination of B.Sc., B.Com., and B.A. by annual rotation. |
| Shamrao Vithal Co-op. Bank Platinum Jubilee Prize | INR 900 cash for the highest grand total in B.Com. |
| Bai Shirinbai Endowment Prize | INR 425 cash for the highest grand total in B.Com. |
| Mangaldas Harivallabhdas Commerce Prize | INR 362 cash awarded to the highest aggregate Hindu candidate in B.Com. |
| Naraindas Khanchand Mirchandani Prize | INR 360 cash for the highest aggregate (minimum Second Class) B.Com student from affiliated colleges in Thane, Raigad, Ratnagiri, and Sindhudurg. |
| Sir Ebrahim Rahimtoola Prize in Commerce | INR 60 cash for the highest aggregate score in B.Com. |
Explore similar colleges with scholarship options
Amity University, Mumbai
Mumbai
- Waiver upto 100%
- Eligibility based on 12th Boards, MAT, CAT & more
Amity University, Mumbai
Mumbai- Waiver upto 100%
- Eligibility based on 12th Boards, MAT, CAT & more
Parul University
Vadodara
- Waiver upto 100%
- Eligibility based on 12th Boards, UG Graduation Score
MIT-WPU
Pune
- Waiver upto 100%
- Eligibility based on JEE Main, MHT CET
Amity University, Jaipur
Jaipur
- Waiver upto 100%
- Eligibility based on 12th Boards, MAT, CAT & more
Mumbai University FAQs
Given below are the FAQs about the scholarship at Mumbai University:
University of Mumbai scholarships are as follows:
- Lotus Foundation Scholarship
- Syndicate Bank Golden Jubilee Scholarship
- Dr Alzira Roger Borges Scholarship (to the wards of permanent employees at MU)
- Late Rao Saheb Vishwanath Narayan Mandlik Prize
- Late Shri V S Gore Memorial Scholarship
- Sant Kumar Bajoria Scholarship
The Late Shri Mohan Lal Tannan Scholarship which values INR 1,000 each for two years. It is awarded annually to the two candidates who pass the BCom degree examination at the first attempt and secures the highest and the second the highest number of marks respectively, but not less than 55% of marks on the aggregate among the candidates.
MU MCom fees ranges between 1,200 - 1.1 L. MCom is available in various specialisations. Various components like course fees, application fees, security charge, etc. are included in the total fees.
News & Updates
- Chat with our counsellor
- Get your personalised list of colleges & exams matching your preferences
Know more about this University
- Mumbai University Scholarship Details
- Mumbai University Latest News & Notifications 2026
- Mumbai University Courses & Fees 2026: UG, PG, Doctorate, After 10th Courses
- Mumbai University Placements 2026
- Mumbai University Cutoff 2026: Check MH CET Law Round Wise Cutoff Percentiles
- Mumbai University Answered Questions
- Mumbai University Faculty Details & Reviews
- Mumbai University Campus and Facilities 2026
University of Mumbai Notifications
Photos & Videos
+4
Student Forum
Anything you would want to ask experts?Answered 3 months ago
University of Mumbai MBA financial aid schemes mostly focus on full-time management students who are not currently working. Government scholarship rules often exclude employed individuals who are pursuing part-time evening or weekend courses. However, part-time students can check if their corporate
R
Contributor-Level 9
Answered a year ago
University of Mumbai (MU) as of yet has not released any information regarding scholarships offering 100% waivers. However, students can check out the following vibrant scholarship schemes:
- Financial assistance to students representing backward classes: INR 10 Lacs for SC/ ST/ NT/ DT and SBC students
A
Contributor-Level 10
Answered a year ago
Yes there are various scholarships that are available for the students of BTech Mumbai University, who wants to avail it. It is also important for the students to meet the eligibility for availing that offered scholarship. Some of the offered scholarship schemes are written below:
- Financial Assistanc
A
Contributor-Level 10
Answered a year ago
The students enrolled in all the courses including BBA course at the Mumbai University are offered scholarships as per the government and university norms. Students meeting the eligibility for repective scholarships are granted with the same. There are various types of schemes that are available for
A
Contributor-Level 10
Answered a year ago
The Mumbai University allocate scholarships to the students pursuing courses from the University. The scholarships are extended to the students in need, meritorious students, etc. The aim is to provide education despite of the financial constraints/limitations. The scholarships are provided to the s
A
Contributor-Level 10
Meritorious and worthy students can pursue higher education without financial restrictions due to MU scholarships. Students at Mumbai University have access to a range of scholarships. For students to be eligible for Mumbai University scholarships, the university has developed a set of requirements. Scholarships from the University of Mumbai are given out depending on academic achievement. Mumbai University offers scholarships to students from the restricted categories (SC/CT) in addition to academic scholarships. The list of scholarships available along with the requirements are tabulated below:
Scholarship Name
Eligibility
Financial Assistance to the Students Representing Backward Classes
Annual family income is less than INR 1 LPA
Financial Assistance to the Needy Students
Annual family income is less than INR 75,000 LPA
Book Bank Scheme
To the affiliated Colleges to run the Book Bank scheme for the Backward Class students
Government Scholarships
Scholarships for its meritorious and the students belonging from the SC/ST/DT/NT/SBC categories on the basis of the merits