The following scholarships are awarded to the eligible students of Higher Secondary and Degree classes –
1. National Merit Scholarship
2. State Merit Scholarship
3. OBC, MOBC, SC, ST Scholarship
N.B. – The disbursement of scholarship money is subject to availability of the fund from the Government.
College Students’ Aid Fund
In order to help and explore the potentials of economically backward students, the college has created Digboi College Students' Aid Fund in 2004. The Principal invites applications from the economically backward students at the beginning of the session. The Advisory Committee of the fund selects the deserving students on the basis of merit and financial condition. In the year 2013-14 an amount of Rs. 30950.00 was provided as financial assistance to 21 nos of students during admission.
DCTU Students’ Aid Fund:
Digboi College Teachers’ Unit has decided to provide financial assistance to economically backward students basing on their academic performance, regularity of attendance and good conduct. The concerned students can contact and apply to President / Secretary, Digboi College Teachers’ Unit (DCTU). In the session 2013-14, DCTU has provided financial help to 11 students @ Rs. 1000/- each.
NB:The college authority also provides financial assistance from its internal funds to poor meritorious students for admission into degree programmes.
UGC Stipendiary Benefit & Conveyance Allowance (for Degree Students)
GROUP INSURANCE SCHEME FOR STUDENTS
Life Insurance Corporation of India has launched a Group Insurance Scheme for college students for bringing under the insurance coverage at a subsidised rate of premium. The scheme is offered to the college students under 1 year renewable group term assurance plan. On every annual renewal date, the scheme is to be renewed for getting insurance coverage of the students for their subsequent academics year. This is a unique plan for full time confides student with the age group of 16-25 years with a flat premium of @ Rs. 2.60 for Rs. 1000/- sum assured per student. The scheme can be offered to the students at a minimum coverage of Rs. 10000/- and to a maximum coverage of Rs. 100000/-. The college intends to start the scheme for every student with a coverage of Rs. 10000/- for which a premium of Rs. 30/- will be charged at the time of admission. The benefit under the scheme is that the insured sum is payable to the nominee in case of death of the student during the policy year for which the premium is received. A few have already availed the benefits.