Indian Oil has implemented various Scholarship Schemes which is basically:

>IndianOil Scholarships Scheme" for Graduate and Post-Graduate students:– Under this scheme total 600 scholarships (300 for Engineering, 200 for MBBS and 100 for MBA) are awarded every year @Rs.3000/- per month for all the four years for Engineering and Medical Courses and two years for Business Administration/Management courses.

>IndianOil Merit Scholarships Scheme” for 10+/ITI studies:– Under this scheme total 2000 scholarships are awarded to students pursuing 10+ courses/ITI every year @ Rs.1000/- per month for two years. 400 scholarships out of 2000 are allocated to deserving students from the North Eastern states, Andaman & Nicobar Islands along with Jammu & Kashmir.

>Indian Oil Sports Scholarship Scheme IndianOil introduced a Sports Scholarship Scheme in the year 2006-07 for promising young sports persons representing State in team games and National ranking in others. At present, 150 scholarships are awarded in 19 games/sports fields for junior players. In addition, cost of kit items, assistance towards travel, lodging etc. is also provided.