Students who happen to be among the top 1% in both 10th and 12th standards at their respective Board Examinations and are pursuing courses in Natural and Basic Sciences at the B.Sc. or Integrated M.Sc. levels. Courses are not included other than Natural and Basic Sciences in the current scheme in the view of the focus on the research in basic sciences.

Students who have secured high ranks in the Joint Entrance Examination of IIT (within top 10,000 ranks), AIEEE (top 20,000 ranks) plus those clearing CBSE-medical, and who also opt to study Natural and Basic Sciences in any academic institute or university leading to graduate and post-graduate degree, would be eligible for scholarship.

Students admitted to Indian Institute of Science Education and Research (IISER), National Institute of Science Education and Research(NISER), Department of Atomic Energy Centre for Basic Sciences (DAE-CBS) at the University of Mumbai or happen to be Kishore Vaigyanik Protsahan Yojana (KVPY), National Talent Search Examination (NTSE), Olympiad Medalists and Jagadish Bose National Science Talent Search (JBNSTS) scholars, opting to undertake courses in the Natural & Basic Sciences leading to B.Sc. and M.Sc. degrees are eligible for "SHE" scholarship.