Siliguri Institute of Technology (SIT) does not offer its own scholarships, but students can avail several government scholarships. The Swami Vivekananda Merit cum Means (SVMCM) Scholarship is popular, providing eligible West Bengal students with financial assistance of approximately Rs. 60,000 per year. The Tuition Fee Waiver (TFW) scheme is also available for economically weaker students, allowing them to pay significantly reduced fees. Additionally, SIT supports external scholarships like the Oasis scholarship for SC, ST, and OBC students, as well as the Chief Minister Educational Help scholarship.
Loan facilities are available through partnerships with banks such as Union Bank of India and Axis Bank. The total course fees for a B.Tech program range from Rs. 5.5 to Rs. 6.7 lakhs, with semester fees varying between Rs. 42,000 and Rs. 85,000. Admission fees are typically around Rs. 60,000 to Rs. 110,000, and there are additional costs such as lab fees and exam fees. Students can apply for education loans from various banks, and the college assists in securing these loans.
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