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In 1991 Government of Karnataka has awarded the NIT Surathkal as the Best College.
In 1998 NIT Surathkal has been awarded at #6 best engineering college in India by India Today Magazine.
In 2001 NIT Surathkal has been awarded as the college for Best Overall Performance by ISTE Bhartiya Vidya Bhavan National Award.
The scholarship is awarded to the top 5 students who excel in the academics and score atleast 90% above marks.