MIT VPU to support students in realizing their academic goals without excessive financial burden, the university has instituted various scholarship and fee waiver schemes. These are mainly merit-based, though there is some scope for need-based and special category support.
| Scholarship / Waiver Name | Eligibility / Criteria | Benefit / Fee Waiver | Coverage / % of Students |
| Vishwaprayag Merit Scholarship-I | ≥ 90% / percentile in entrance exam or qualifying exam for respective programs (JEE / MHT-CET / BBA, BCA / B.Des / B.Pharm / MBA etc.) | 100% waiver of tuition fees (first year) | Up to 3% of total admitted students (mitvpu.ac.in) |
| Vishwaprayag Merit Scholarship-II | ≥ 80% / percentile in relevant exam or qualifying criteria for the program | 50% waiver of tuition fees (first year) | Up to 8% of total admitted students (mitvpu.ac.in) |
| Vishwaprayag Merit Scholarship-III | ≥ 75% / percentile (or equivalent threshold in qualifying exams) | 25% waiver of tuition fees (first year) | Up to 12% of total admitted students (mitvpu.ac.in) |
| Sports / Elite Sportsperson Waiver | Students who have participated or won at recognized national / international / inter-university / zone levels in sports | Fee waiver (amount varies) | Additional / special provision beyond the above quotas (searchmycolleges.com) |
| Government & Reserved Category Scholarships | Students from SC / ST / OBC / Minority categories, fulfilling state or central government norms | Scholarships or fee assistance through government schemes | Application via government portals; subject to income proof etc. (Sikshapedia) |