Dear Ravi, currently LNMIIT is providing two types of scholarship-

• Merit-based Scholarships are awarded to the meritorious students based on a certain criteria.To be eligible in First Semester, candidates should have JEE (Advanced) AIR rank upto 12000. To be eligible from Second Semester onwards, candidates need to maintain a CGPA of 9.0 or above. The scholarship compensates the Academic Tuition Fee.
• Need-based Scholarships are applicable to BPL card-holders and beneficiaries of the National Food Security Act 2013 having income below Rs. 1 Lakh per Annum. The scholarship isn’t applicable in First Semester. To be eligible from Second Semester onwards, candidates need to maintain a CGPA of 6.0 or above and no-backlog. The scholarship compensates the Academic Tuition Fee.

If you have any further querries please let me know in comments below.