Narsee Monjee College of Commerce and Economics (NMCCE) offers a range of financial aid opportunities for deserving students from Scheduled Castes, Scheduled Tribes, Persons with Disabilities, V.J.N.T., Special Backward Classes, and Other Backward Classes. These scholarships vary in terms and conditions and are awarded once per year.
| Program | Eligibility Criteria | Scholarship Amount |
| Scheduled Caste/Scheduled Tribes/ Person with Disability/ V.J.N.T. / Special Backward Class (SBC) /Other Backward Class Students Scholarship | Reserved category students | Varying amounts |
| Award of Freeship/ Examination Fees to Scheduled Caste/ Scheduled Tribes/ VJNT/ Special Backward Class (SBC) /Other Backward Class Students | Reserved category students | Fees Waiver |
NMCCE – Scholarships for Undergraduate Courses
NMCCE also provides scholarships to students enrolled in Undergraduate courses under the Central Sector Scheme. This scheme is aimed at supporting students in their pursuit of higher education.
| Program | Eligibility Criteria | Scholarship Amount |
| Government Scholarship to Students of Central Sector Scheme for Undergraduate Courses | Undergraduate students | Varies based on the course |
NMCCE – Scholarships for Minority Students
There are special scholarships available for students hailing from the Minority Community (Muslim, Buddhist, Christian, Parsi, Sikh, Jain, etc.) to provide financial assistance for pursuing Post Matric studies.
| Program | Eligibility Criteria | Scholarship Amount |
| Post Matric Scholarship to Students of Minority Community | Students from Minority Communities | Dependent on course and community |
NMCCE – Other Scholarships
Apart from the ones mentioned above, NMCCE also provides other scholarships like the Government Studentship for Economically Backward Classes, State Government Open Merit Scholarship, Education Concession to the Children of Ex-Servicemen, Rajarshi Chhatrapati Shahu Maharaj Shikshan Shulka Shishyavrutti Scheme, and Eklavya Scholarship for Post Graduate Students. The details for these scholarships are as follows:
| Program | Eligibility Criteria | Scholarship Amount |
| Government Studentship to Pupils of Economically Backward Classes for Junior College | Economically Backward Students in Junior College | Based on financial need |
| State Government Open Merit Scholarship | Students with high academic performance | Based on merit |
| Education Concession to the Children of Ex-Servicemen | Children of Ex-Servicemen | Tuition fee waiver |
| Rajarshi Chhatrapati Shahu Maharaj Shikshan Shulka Shishyavrutti Scheme | For students from Maharashtra | Varies based on the course |
| Eklavya Scholarship for Post Graduate Students | Post Graduate students | Decided by the government |