Kolkata: The IIT Kharagpur has instituted several new awards and scholarships for its undergraduate students for academics and research following donations by many alumni and corporates, an IIT KGP press statement said today. The number of new scholarships is nine, while that of the awards two, the statement said. The awards and scholarships are being given from this month. Dean, Alumni Affairs at IIT Kharagpur, Subrata Chattopadhyay said since the lower cut-off for economic background of students for existing scholarships and awards are at such a threshold that students falling in marginally higher category do not qualify for the benefits. Also Read – Rain batters Kolkata, cripples normal life Considering the cost of living, these students too need some sort of financial support and therefore “we have increased the threshold of the current family income upto Rs 10 lakh and Rs 15 lakh per year for different scholarships to accommodate more students,” he was quoted as saying in the statement. The institute will also be funding research at undergraduate level from its endowment fund built out of alumni donations over the years, it said.