To help its students, SVPISTM provides a range of scholarships. The Department of SC/ST Welfare Office, Government of Tamil Nadu, offers several scholarships, such as the Merit-cum-Means Scholarship, Top Class Education for Post Matric, Post Matric Scholarship Scheme for Minority Students, and SC/ST scholarships. The institute also provides handloom weavers' children with scholarships. ​
| Scholarship Name | Eligibility | Provided By | 
| Merit-cum-Means Scholarship | Based on academic merit and financial need | Government of India | 
| Top Class Education for Post Matric | For post-matric students | Government of India | 
| Post Matric Scholarship Scheme for Minority Students | Minority community students post-matriculation | Government of India | 
| SC/ST Scholarships | SC/ST category students | Department of SC/ST Welfare, Govt. of Tamil Nadu | 
| Scholarships for Children of Handloom Weavers | Children of handloom weavers | Government of India | 
