Vikrama Simhapuri University offers several scholarships and financial aid schemes to its students to help them pursue their education without any financial constraints. These scholarships and financial aid schemes are available for students belonging to various categories such as merit-based, need-based, socially and economically backward classes, and more.

Some of the scholarships and financial aid schemes offered by Vikrama Simhapuri University include:

1. Merit Scholarships: The university offers merit scholarships to students who have secured high marks in their qualifying examinations. These scholarships are usually offered to students who have secured ranks in the university's entrance exams or are among the top rank holders in their class.
2. Post-Matric Scholarships: These scholarships are provided to students who belong to the Scheduled Caste (SC), Scheduled Tribe (ST), and Other Backward Classes (OBC) categories. These scholarships are meant to cover the tuition fee, hostel fee, and other expenses related to the student's education.
3. MHRD Scholarships: The Ministry of Human Resource Development (MHRD) offers various scholarships and financial aid schemes to students pursuing higher education in India. Vikrama Simhapuri University facilitates the process of applying for these scholarships and assists students in availing of the benefits of these schemes.
4. National Scholarships: The university also facilitates the process of applying for national-level scholarships such as the National Merit Scholarship, National Talent Search Examination (NTSE) Scholarship, and more.

Students who are interested in applying for these scholarships and financial aid programs are recommended to visit the Vikrama Simhapuri University website or get in touch with the scholarship office for more information on the requirements, application process, and other specifics.