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Hello Manoj,
There are two kinds of scholarships awarded - Merit Scholarship and Merit cum Need (MCN) Scholarship.
For Merit Scholarship, As the name suggests, the criteria for this one is solely merit. It is usually awarded to the top performers CGPA wise. This is limited in number so you've got to work really hard for this one. In such a case, the fees for that semester is completely waived. Everyone is eligible for this scholarship.
For MCN Scholarship, your parent's income needs to be below a certain amount. If you are eligible for it, then it is awarded in three categories, 25%, 40% & 80% of the tuition fee for that semester.
Good luck!
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