Every year in April, announcement is published in local newspapers in the districts inviting applications from needy students for free scholarships.

Free Scholarships :

Students of schools and colleges in India are awarded free scholarships. Application Form is sent by post on request or is collected from the League’s office. The Form is revised each year as necessary.

During the year 2012 - 13 the League has disbursed free scholarship of Rs. 50.26 lacs among 3,976 students. Bulk of this went to about 2,488 school students in villages and towns at Rs 1,000 per hear per annum. 

Free scholarship scheme is presently the main activity of the League.

Loan Scholarships for Graduate / Diploma courses in India:

  This scheme, introduced in 1956 and functioned for several years, was discontinued in 1986 due to poor repayments from beneficiaries.

Foreign Loan Scholarships :

Foreign loan scholarships was instituted in the year 1982. Since then over 100 students have been benefited by this scheme. The per student grant of loan was Rs.5,000 in 1982 which was increased over the years and presently it is Rs.1,00,000 per student ( one time ). The rate of interest is nominal. Generally upto 6 students avail of this scheme every year. The loan scholarship amounts are repayable within two years of completion of the period of such studies.

This Fund is revolving in nature. Repayments are ploughed back into the Fund . Corpus of this Fund stood at Rs. 12.28 lacs as on 31.03 13.

Following are the names of the Foreign Loan Scholarship beneficiaries 1962-2013 

Sudarshan V. Bhat B.C.S.Baliga Sudhakar K. Mallya
Ateen A. Khatkhate Rajkanth K. Kamath Abhay V. Borkar
Prasad V. Pai Manjunath Prabhu Ravindranath Kamath
Nandita S. Aras Amit P. Rege Prakash D. Tendulkar
Nitin R. Prabhu H. Jawahar Kamath Madhukar N. Thakur
Dhanwanti R. Nayak Omprakash Nayak Dattatray N. Gawaskar
Rajesh R. Prabhu Vikram V. Shanbhag Dr. Vivek V. Shanbhag
Satish M. Pai Radhakrishna Pai Jairam N. Kamat
Rajesh S. Kamath Ganesh V. Balgi Medha M. Pai
Rohan G. Murkunde Vivek G. Prabhu Dr. Smita V. Kamat
Sandeep M. Nayak Dinesh M. Bhat Sanjay G. Kamath
Rita Achyut Shenoy Ashwini A. Telang Durgaprasad S. Rege
Ravi R. Gokarn Dr. Deepraj Bhandarkar Vinayak D. Bhat
Mr. J. Giridhar B. Pai  Mr. Rajesh S. Nayak   Mr. Yatin R. Gokarn
Mahesh H. Dalvi Sandeep Khatkhate Sushil D. Padiyar
Mahesh P. Karande Durgesh S. Desai Ashwini S. Kamat
Sarvottam K. Rao Parashar Desai Savita S. Kini
Hrishikesh S. Pai Vaishali S. Kamat Nisha S. Aroskar
Niranjan S. Dhabolkar Sweta S. Aroskar Manjunath G. Kamath
Salil U. Talaulikar Mayuresh Masurkar Aditya Chandraghatgi
Vijay N. Shanbhag Anup Bandiwadekar Vaishali Kamat
Laxmi Shankar Wagle Darshan S. Pai Dr. Sanjeev Tendulkar
Sunil S. Kamath Preeti S. Bhat Dr. Subramanya Nayak
Amol V. Shanbhag Dayanand M. Kamat Dr. Smita Koppikar
Prasad N. Shenoy Preeti S. Mahale Yogesh C. Samant
Vishal V. Prabhu Vinayak A. Hegde Chaitanya N. Rangnekar
Chetan G. Bhat Amit Rajadhyaksha Ninad S. Diwadkar
Puneet R. Gaitonde Apoorva A. Patki Dipti S. Hattangadi
Gauri S. Bhat Jutika A. Ullal Chinmay V. Kini
Sandesh D. Bawadekar Mayura A. Wagle Hetal Suresh Kulkarni
Vinit Chandrahas Shanbhag Ameya Dilip Argekar Sandeep Rajiv Gaitonde
Sushant Sunil Shenoy Smt. Gauri S. Pandit Shri. Santosh Vinod Telang