SRM University is offering scholarships worth Rs. 9.5 Crore to 600 students across various categories. P. Sathyanarayanan, Vice-Chancellor, said, “Rs. 4 crore would be given under the Founder’s Scholarship to the 25 top rank holders in the SRM Engineering Entrance Examination held on May 2, 100 top rankers in State Board and CBSE examinations and 2 rank holders from each of the 32 districts of Tamil Nadu.” The Founder’s Scholarship would include 100 per cent waiver on tuition, hostel and transport fees. Further, a monthly incentive of Rs. 1,000 would be given to each of the students receiving the scholarship.