Yes, there are several scholarships for students who want to pursue a diploma in mechanical engineering in India. The Post Matric Scholarship is meant for OBC category students pursuing a diploma course and thus offers financial assistance for education. In addition, the Pragati Scholarship for Girl Students provides up to INR 50,000 per annum for girl students joining the first year of their diploma courses.
Differently-abled students with a disability of 40% or more are provided with financial aid worth INR 50,000 per annum. Also, there are some scholarship opportunities in place by Manipal University Jaipur; one such opportunity is the Sir M Visvesvaraya Scholarship. In the field of mechanical engineering, up to 50 percent of tuition fee is waived under this scholarship opportunity, based purely on academic merit and requires students to maintain a particular CGPA each year for availing this scholarship in successive years.
It would be best that students research the governmental and institutional scholarships available, so they find the ones most suitable to their academic success and financial needs.