Institute awards about 10% scholarship on the basis of the academic merit of the student. Scholarship / bursaries / stipends faculties are available to the deserving talented student but financially poor & less privileged class student. The beneficiaries are required to maintain academic excellence throughout their academic tenure.

ISP provides a variety of financial assistance to students. Specific scholarship is also provided to the retired Government Personnel and to their kids. All scholarships are provided after an assessment based on the need and merit of the applicant. No candidate can claim automatic award of scholarship on any basis. Scholarship once awarded to a student may be cancelled if the student is unable to maintain satisfactory academic performance.

Fee concession is also available to the deserving student possessing exceptional academic career on the recommendation of chairman of the department.