VLB provides various scholarships to deserving and financially disadvantaged students. These are the VLB Merit Scholarship for academic merit, the Sports Scholarship for meritorious sportsmen/women, and the Janaki Ammal Scholarship for economically backward but deserving candidates. Government and community-based scholarships are also provided by the college to promote inclusive education.
| Scholarship Name | Eligibility Criteria | Benefits | Remarks | 
| VLB Merit Scholarship | Students with outstanding academic performance | Up to 100% tuition fee waiver | Based on marks in previous qualifying exams | 
| VLB Sports Scholarship | State/National level achievement in sports | Partial or full fee waiver | Requires validation from sports authorities | 
| Janaki Ammal Scholarship | Economically weaker but meritorious students | Financial aid toward tuition | College’s flagship financial aid program | 
| Community-Based Scholarships | Reserved category students (SC/ST/OBC) | As per government norms | Need community certificate | 
| Government Scholarships | Based on eligibility under state/central schemes | Varies (up to full tuition + stipend) | Includes Post-Matric & Minority scholarships | 
| Alumni Scholarship | Offered to children of VLB alumni | Concession in tuition fee | Subject to availability and alumni registration | 
