National Institute of Food Technology Entrepreneurship and Management (NIFTEM) has established a dedicated Scholarship Fund to support students admitted to B.Tech. and M.Tech. programs. Approved by the Board of Management, this fund allocates 5% of the institute's revenue for scholarships that reward academic excellence and assist economically needy students. The Merit Scholarship rewards top performers with tuition waivers and stipends, while the Merit-cum-Means Scholarship targets deserving M.Tech students with financial need, blending academic merit and income criteria. These scholarships aim to alleviate financial burdens and encourage higher learning in food technology and related fields.