The college ensures that the underprivileged students avail of every scholarship offered by the government. The college now avails of 22 university Merit scholarships, 2 State Merit scholarships, 120 post-metric scholarships, 10 post-metric minority scholarships, 8 scholarships for Muslim girls instituted in the name of Shri. Paloli Mohammed Kutty, 4 scholarships for the single girl child, 7 Kerala State Suvarna Jubilee Merit, 20 Higher Education scholarships,  39 under the Central Sector scheme, and 2 Sitaram Jindal Foundation scholarships. A total of 910 students avail scholarships under various schemes. It is largely thanks to the interest taken by non-teaching staff members that college is able to over so many scholarships.

In addition to these, the college and many of its well-wishers have instituted scholarships for a total amount of over Rs. 2 lakhs.  The JNB Foundation scholarships established by JNB Foundation, STARS scholarships by the retired staff members, Platinum Jubilee scholarships instituted by the management are some among the many scholarships in place to help the deserving and needy students of the college. The 1983 batch of the college has also instituted a special scholarship.