Dear aspirant
Usually after you get passed in theory exam there was interview conducted every year Till 2019-20, for receiving a fellowship, both aptitude test (75%) and interview marks (25%) were considered. But due to the COVID-19 pandemic, the 2020-21 selection procedure doesn't include any interview.
Qualified students receive a fellowship from 1st year onwards of their graduation. The KVPY fellows receive Rs. 5000 monthly fellowship from 1st to 3rd year of B.Sc/ B.Stat/ B.S./ B.Maths/ Integrated M.S./M.Sc and an annual contingency grant of Rs.20,000. After three years the fellowship is enhanced to Rs.7,000 per month during M.Sc/4th and 5th year of Integrated M.S./M.Sc and an annual contingency grant of Rs. 28,000.
You can also take Admission to Undergraduate Science Courses of B.sc in IISC , IISER, IIST, IIIT Hyderabad and CVCE with Fellowship during basic science Studies and Free Entry to all National Libraries in India.
Hope this answer was helpful
All the best
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