The Rungta College of Engineering and Technology (RCET), situated in Bhilai, is known for its generous financial support to students demonstrating an excellent academic record and those in need of financial assistance. Various scholarships, grants, and financial aid are offered, details of which are elaborated below.
RCET - Kamala Devi Memorial Scholarship
The Kamala Devi Memorial Scholarship is an initiative by the Rungta Group to financially assist meritorious students based on their performance in the entrance or qualifying examinations. The details of the scholarship based on the different parameters are tabulated below.
| Program | Eligibility Criteria | Scholarship Amount |
| B.Tech/Polytechnic Course | PET / PPT Rank (Below 100) | 75% Tuition Fees Waiver for all 04 Years |
| B.Tech/Polytechnic Course | PET / PPT Rank Between (101-250) | 50% Tuition Fees Waiver for all 04 Years |
| B.Tech/Polytechnic Course | PET / PPT Rank Between (251 -500) | 25% Tuition Fees Waiver for all 04 Years |
| Category 1 Courses: B.Tech, M.Tech | 95% and Above in Qualifying Examination | 25% Tuition Fees Waiver for all 04 Years |
| Category 2 Courses: B.Tech (Lateral), Polytechnic, Polytechnic (Lateral), MBA, MCA | 90% and Above in Qualifying Examination | 75% Tuition Fees Waiver for all 04 Years |
RCET - Rungta CO-WIN Scholarship (RCS)
The Rungta CO-WIN Scholarship (RCS) is a part of the Rungta Group's CSR Initiatives to give back to society. Details about the scholarship can be acquired from the Admission Helpline.
RCET - Sibling Scholarship
Under the Sibling Scholarship initiative, the Rungta Group provides a 15% discount to the second sibling and a 25% discount to each subsequent sibling, given both are pursuing full-time degree courses simultaneously.
RCET - Loan and Scholarship Partnerships
RCET has a tie-up with GrayQuest Education Finance to provide hassle-free educational loans. Furthermore, the college extends immediate assistance for the Bihar Govt. Credit Card Scheme. It also facilitates students in availing various Central Govt Scholarship Schemes, like the Tuition Fees Waiver Scheme, Saksham Scholarship, Pragati Scholarship, PG Scholarship, PRIME MINISTER’S SPECIAL SCHOLARSHIP SCHEME (PMSSS), and Central Govt. Scholarship Policy For Minorities.
RCET - State Government Scholarships for Reserved Categories
RCET assists students in securing State Government Scholarships for Reserved Category Students. The scholarship amounts for different courses, based on the categories, are detailed below:
| Course | SC | ST | OBC |
| Engineering | INR 25,000 - INR 26,000 | INR 25,000 - INR 26,000 | INR 22,000 - INR 26,000 |
| Diploma | INR 9,000 | INR 9,000 | INR 7,000 |
| M.Tech | INR 25,000 | INR 25,000 | INR 21,000 |
| MBA | INR 30,000 | INR 29,500 | INR 25,500 |
| MCA | INR 25,000 | INR 24,500 | INR 20,700 |