LNMIIT offers a range of scholarships and assistantships to foster an environment of academic excellence and support students facing financial challenges. Multiple merit-based scholarships, need-based scholarships, and assistantships are available to suit different student needs and circumstances, all geared towards promoting competition and supporting academic performance.
LNMIIT Merit Scholarships
The merit scholarships at LNMIIT are designed to reward academic excellence. They are available to top-ranking students who have demonstrated outstanding academic performance in their respective categories. The following table details the types of merit scholarships available and the academic criteria for each:
| Scholarship | Criteria | Scholarship Amount |
| Category-1.1 (First Semester) | Top 20 rankers (up to top 5000 rank, in general category) of JEE Advanced exam | INR 35,000 per semester |
| Category-1.2 (First Semester) | Up to next 20 rankers (if up to top 7500 rank, in general category) of JEE Advanced exam | INR 30,000 per semester |
| Category-1.3 (First Semester) | Up to next 20 rankers (if up to top 12000 rank, in general category) of JEE Advanced exam | INR 25,000 per semester |
| Category-2.1 (From Second Semester) | CGPA 9.81-10 at LNMIIT | Up to INR 35,000 per semester |
| Category-2.2 (From Second Semester) | CGPA 9.51-9.8 at LNMIIT | Up to INR 30,000 per semester |
| Category-2.3 (From Second Semester) | CGPA 9.25-9.5 at LNMIIT | Up to INR 25,000 per semester |
LNMIIT BPL Scholarships
These scholarships are granted to the most financially challenged students. The scholarship amount is equal to the full tuition fee. For the continuity of the scholarship, students need to maintain a CGPA of 6.0 and above with no backlogs.
LNMIIT Vijay Bhatnagar Scholarship
This scholarship is dedicated to a meritorious and economically challenged female student. The scholarship amount is INR 50,000 (INR 25,000 per semester). To be eligible for this scholarship, students need to maintain a CGPA of 8.5 or above with no backlog.
LNMIIT Assistantships
LNMIIT offers several types of assistantships in lieu of academic or community support work to help students with financial needs. Assistantships are provided as per the table below:
| Type of Assistantship | Eligibility | Assistantship Amount |
| Merit-cum-Means Assistantship | Meritorious and economically challenged students. JEE (Advanced) AIR up to 12000 or JEE (Main) Percentile of 97 and above in the first semester and CGPA of 8.50 or above and no backlog from the second semester onwards. | 50% of the tuition fee |
| Type “A” Assistantship | Students facing economic hardships due to loss of bread-earner in the family during the Degree Period. | Full tuition fee |
| Type “B” Assistantship | Students facing economic hardships (against work in the Departments, Projects, Library, etc.). | Up to INR 6000 per month |
| Type “C” Assistantship | Students facing economic hardships (against work in hostels). | Equivalent to full or partial waivers of hostel fee |
| Type “D” Assistantship | Students having a single parent who may be facing significant economic hardships during the Degree Period. | Full tuition fee |
| UG Teaching Assistantships | Meritorious students against work in lab/theory courses. | Up to INR 4000 per month |
LNMIIT Scholarships from External Agencies
Several LNMIIT students have secured scholarships from various external agencies. These scholarships are awarded based on the specific rules and provisions laid out by each agency.
Note: The scholarship and assistantship policies are evaluated periodically by the institute. LNMIIT reserves the rights to modify the quantum of scholarships and assistantships, as well as the underlying policy conditions, based on the budgetary provisions approved by the Governing Council.